Tagged: digital payments

QR Code Payments Users Is Expected to Surpass 2.2 Billion within Next 5 Years: Report

A recent study released by Juniper Research has revealed that the total number of QR code payment users is expected to surpass 2.2 billion within 5 years, which is up significantly from 1.5 billion in 2020. This would be almost 30% of all mobile phone… Read More

Banks and Digital Payments Providers in India Ask Government to Bring Back Merchant Discount Rate on RuPay and UPI Transactions

Banking institutions and online payments providers in India have asked the nation’s government to bring back the Merchant Discount Rate (MDR) on RuPay, which is an international card payment service launched by the National Payments Corporation of India. Digital payments providers in the country also… Read More

Stripe Reportedly Will No Longer Process Payments for the President Trump’s Campaign Website Following Capitol Building Incident

  Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More

Digital Payments Fintech Remitly Explains how to Send Money Abroad Even When You Don’t Have Cash, by Using Credit Cards

Personal finance specialist Joyce Chou notes that there are ways to send money during times of need even when you might not have enough cash in your savings or checking account. Chou writes in a blog post published by Remitly, a cross-border payments service, that… Read More

Mobile Financial Services Provider Wave Money Facilitated $8.7 Billion in Transfers in 2020, following COVID-19 Outbreak

Myanmar-based Wave Money, a mobile financial services provider, facilitated 12 trillion Myanmar kyat (appr. $ 8.7 billion) in total transactions during 2020 as the country’s residents increasingly began using digital financial services following the COVID-19 outbreak. Wave Money confirmed that these transaction volumes were nearly… Read More

COVID-19 was “Rocket Fuel” for Digital Transformation with Payments Companies Innovating at a Dramatic Pace, PPRO Reveals

The team at PPRO, a Fintech firm that allows consumers to pay with the local payment methods they “trust and know, wherever they are,” notes that it’s been a year of “momentous change” for the payments sector. PPRO pointed out that previously emerging Fintech and… Read More

Digital Payments in Saudi Arabia Surged 75% YoY as Consumers Began Shopping Online More Frequently due to COVID

Digital payments in Saudi Arabia surged by 75% last year, as consumers increasingly began shopping online following the COVID-19 outbreak. Meanwhile, cash withdrawals from ATMs and other payment points declined 30% during the same time period. Point of sale (PoS) refers to a location where… Read More

Operator of Digital Payments Wallet GCash Secures Fresh Investment From Investment From Bow Wave

  Globe Fintech Innovations, Inc. (Mynt), the Fintech arm of Globe Telecom and operator of the country’s preferred mobile wallet in GCash, announced on Friday it has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave… Read More

Malaysia based Fintech Soft Space Partners GMO Financial Gate to Offer Payment Solutions to Japanese Consumers

Malaysia-based Fintech firm Soft Space has teamed up with Japan’s GMO Financial Gate (GMO-FG), a payment service provider, in order to offer payments solutions to Japanese consumers. Through the partnership, Soft Space will be supporting the secure and seamless Europay, Mastercard, and Visa (EMV) transactions…. Read More

Philippines based Digital Wallet GCash Reaches PHP 1 Trillion in Total Transactions During the Past Year

Philippines-based digital wallet GCash reportedly reached PHP 1 trillion (appr. $20.8 billion) in total transactions for the year 2020, which represents a 254% year-over-year (YoY) increase in transfers. Globe Fintech Innovations Inc. (Mynt), which manages GCash, is part of the portfolio firms of 917Ventures (one… Read More

Fintech Unicorn TransferWise’s Erik Kaju Reveals how Company Began Developing its Global Debit Card

Erik Kaju, Director of Engineering, Cards and Spend at Fintech firm TransferWise, notes that after the introduction of the money transfer service’s debit Mastercard back in 2018, they’ve taken the card to more than 30 countries on four different continents. TransferWise claims that more than… Read More

PayPal’s Mobile Payment Service Venmo Launches Check Cashing Feature & Waives Fees For Stimulus Paper Checks

  Venmo, a mobile payment service created by PayPal, announced on Monday the launch of its new check-cashing feature.  According to Venmo, Cash a Check enables the service’s community to access a “quick, easy, and secure” way to cash paper checks. The feature will also… Read More

Google Pay Users in India can Easily Review, Analyze All Transactions from 2020, Apple Pay Support Rolled out at NY Subway Stations

Google Pay for Android and iOS users now lets people see how much money they’ve spent during 2020. The expense tracking feature allows consumers to get a rough idea or estimate of their spending habits throughout the last year. Google Pay will also show users… Read More

P2P Digital Payments like Chase QuickPay with Zelle are Increasingly being Used During COVID: Survey

Chase Bank has published the findings of its Digital Banking Attitudes Study— which was compiled after conducting a national survey of 1,500 consumers. The survey’s participants were asked about their preferences when accessing digital banking services. Consumers of all age different groups noted that these… Read More

Contactless Payments Limit Might be Increased from £45 to £100 as Britain Could Begin Moving Away from EU Guidelines

The limit on contactless payments might be increased from the current £45 to £100 in one of Britain’s very first steps away from European Union guidelines. The upper limit on touch-free or contactless payments might be raised to £100 after the suggestion was made to… Read More

Reserve Bank of India to Measure Growth and Adoption of Digital Payments in the Country by Using New Index

The Reserve Bank of India (RBI) has introduced a new index in order to measure the growth and adoption of digital payments in the country. The RBI revealed that virtual payments grew 2x in March 2020 when compared to March 2018. The index was created… Read More

Apple Is Expected to Further Diversify Fintech Services in 2021 by Offering Crypto Support and Touch-Free Digital Payments

Apple (NASDAQ:AAPL) is well-known for playing a key role in the global commercial market – especially when providing the latest mobile technology. The tech giant seems to be diversifying part of its business model by branching out into the banking sector – which could potentially… Read More

Google India Exec Says AI Could Add $500 Billion to Economy, Google Pay Claims 43% Market Share

Artificial intelligence (AI) alone could potentially add $500 billion or half a trillion dollars to India’s economy, according to Google India Country Manager and VP, Sajay Gupta. Gupta, who has previously worked as MD of Star India and The Walt Disney Company India, noted (while… Read More

Digital Payments, E-Commerce, Cloud, 5G, AI, Machine Learning, Blockchain Considered Most Transformative Technologies for Enhancing Global Trade: Report

Di Dai from the World Economic Forum (WEF), a Switzerland-based international NGO that’s “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas,” confirms that the Coronavirus crisis has accelerated… Read More

Fintech Firm Adyen Reveals how Companies are Simplifying and Streamlining Digital Payments with its Products

Payments platform Adyen (AMS: ADYEN) reveals that Kogan.com managed to increase conversions while saving time and money by simplifying their payments process with Adyen. Kogan.com listed on the ASX back in 2016. It’s Australia’s “number one” purely online retailer with over 2.4 million customers. Kogan’s… Read More

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