Tagged: digital payments

May 2, 2020 @ 10:28 am By Omar Faridi  |  

Magyar Nemzeti Bank (MNB), the reserve bank of Hungary, has released its very first Fintech and Digitalization Report, which looks into the state of financial technology adoption and the level of digitalization across the nation’s banking ecosystem. The report revealed that there are at least… Read More

May 1, 2020 @ 10:22 pm By Omar Faridi  |  

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

May 1, 2020 @ 9:56 pm By Omar Faridi  |  

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

May 1, 2020 @ 2:58 pm By Omar Faridi  |  

Uruguay-based dLocal, a Fintech firm focused on facilitating international transactions, has reportedly added Google Pay as one of its local payment options. As mentioned on dLocal’s official website: “dLocal [aims] to close the payments innovation gap that exists between developed countries and emerging economies. We… Read More

May 1, 2020 @ 8:30 am By Omar Faridi  |  

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

April 30, 2020 @ 9:56 pm By Omar Faridi  |  

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, has not achieved mainstream adoption in India. The UPI-based payments service lets users send and receive funds. It has been created by the National… Read More

April 30, 2020 @ 8:56 pm By Omar Faridi  |  

Eftpos (electronic funds transfer at point of sale) Australia confirmed that it will begin running pilots of a mass-market digital identity service, which is reportedly backed by the nation’s leading banks and merchants. According to a document submitted to the Australian government’s Select Committee on… Read More

April 28, 2020 @ 11:52 pm By Omar Faridi  |  

SadaPay, an Islamabad-based Fintech firm, has reportedly been given in-principle approval by the State Bank of Pakistan, or SBP (the nation’s central bank). for an electronic money institution (EMI) license. SadaPay confirmed that the approval will allow it to provide certain financial services through its… Read More

April 27, 2020 @ 9:18 pm By Omar Faridi  |  

In the South American country of Argentina, where most people prefer to make cash payments, a strict nationwide lockdown (due to COVID-19) has forced local consumers into considering digital banking and online payments options. Before the Coronavirus-related lockdown went into effect on March 20, 2020,… Read More

April 26, 2020 @ 9:23 am By Omar Faridi  |  

San Francisco-based AppsFlyer, a software-as-a-service (SaaS) mobile marketing analytics and attribution platform, reports a 22% increase in in-app purchases during the past two weeks. This, as US residents have begun to rely even more on their mobile devices while being stuck at home due to… Read More

April 25, 2020 @ 8:00 pm By Omar Faridi  |  

Rajashekara Visweswara Maiya, vice president and head of business consulting, cloud and blockchain efforts at Finacle, the developer of a financial software system used by large banks across the globe (serving over 1 billion people), recently shared his views and insights with Crowdfund Insider. Finacle… Read More

April 22, 2020 @ 10:30 pm By Omar Faridi  |  

daVinci Payments, a Fintech company that facilitates global corporate payments, disbursements, virtual rewards and offers prepaid cards, has introduced a “Brand Accelerator,” which is a software-as-a-service (SaaS) platform designed to make payments “a seamless branded experience for recipients—from beginning to beyond the point of payment.”… Read More

April 22, 2020 @ 10:08 pm By Omar Faridi  |  

Canada-based Mobeewave, a certified platform that allows mobile app users to accept in-person payments without requiring extra hardware, is introducing several new features that aim to remove existing contactless payments limits for retailers and consumers, by using the Fintech firm’s proprietary tap-to-phone technology. Mobeewave’s payment… Read More

April 22, 2020 @ 1:10 pm By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Wednesday it has achieved CarbonNeutral Company status. This announcement comes on the 50th anniversary of Earth Day. Paysafe reported that the status is part of its ongoing commitment to the environment and has also been backdated to… Read More

April 21, 2020 @ 9:34 pm By Omar Faridi  |  

Transcorp International, an established foreign exchange (Forex) and payment services provider, has received approval from the Reserve Bank of India (RBI) to enter co-branding arrangements for performing prepaid transactions. The prepaid payment services will be available at thousands of Indian stores and digital commerce websites…. Read More

April 20, 2020 @ 11:45 pm By Omar Faridi  |  

Earlier this month, Pakistan’s Easypaisa, a local provider of online financial services, teamed up with Zakat and Ushr department of the Government of (the province of) Punjab, in order to distribute funds to locals who have been impacted by the Coronavirus (COVID-19) outbreak and resulting… Read More

April 20, 2020 @ 1:17 am By Omar Faridi  |  

Lithuania-based Genome, a Fintech firm that provides a financial ecosystem to support individuals and businesses, will be helping companies process their e-commerce transactions. The Fintech company will be opening a business account for low-risk businesses that are currently using the Genome platform. It will also… Read More

April 16, 2020 @ 9:13 pm By Omar Faridi  |  

The Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation, has reportedly become the first company to introduce Google Pay’s peer to peer (P2P) money transfer service in Singapore. The new digital payments option makes Singapore only the third… Read More

April 16, 2020 @ 8:42 pm By Omar Faridi  |  

Ethoca, a division of payments giant Mastercard, has revealed that it’s extending one of its ongoing collaborative initiatives, which allows Microsoft Corporation customers to get convenient access to digital or online receipts. Users may access the digital receipts provided by Ethoca via their regular mobile-based… Read More

April 16, 2020 @ 8:48 am By Omar Faridi  |  

OpenPayd, an established API-based banking-as-a-service (BaaS) provider, has upgraded its payments functionality and capabilities by enabling direct access to the SEPA (Single Euro Payments Area) payment scheme. The integration will allow OpenPayd’s business clients, which mainly includes online or digital marketplaces, merchant acquirers and other… Read More