Tagged: online payments

European Mobile Wallet Stocard Introduces New Pay Feature for Customers in France, Italy, Germany, the Netherlands

Stocard, a European mobile wallet, has introduced its payment feature Stocard Pay in four other countries including France, Italy, Germany, and the Netherlands. Stocard had initially launched its platform in the UK markets in June 2020. Stocard aims to become the leading “on-the-go” financial services… Read More

Global Payments Platform Adyen to Expand Business Operations into Middle East, Launches Dubai Office

Global payments platform Adyen (AMS: ADYEN), which claims it’s the platform of choice for many of the world’s largest businesses, has announced that it would be expanding its operations into the Middle East region. Adyen’s management noted that they aim to support the momentum of… Read More

Checkout.com Data Reveals Digital Payments in MENA Region and Pakistan have Nearly Doubled after COVID

A report released earlier this week by Checkout.com reveals that digital commerce and online payments are on track for major growth next year. Internal Checkout.com data indicates that digital payment transfers have almost doubled in the MENA region since the beginning of the COVID-19 outbreak…. Read More

Visa to Provide Seamless Access to Curated Fintech Partners which will Offer Digital Payments Services to Financial Institutions

Payments giant Visa (NYSE:V) will be offering seamless access to 13 curated Fintech-focused partners to certain financial institutions and merchants. These financial tech companies will be offering digital payments services. Fintech firms taking part in the program include Aire, a credit scoring solution provider; AccountScore,… Read More

Facebook Owned WhatsApp Finally Approved to Fully Launch Digital Payments Services in India

Facebook (NASDAQ:FB) owned WhatsApp has reportedly received approval to introduce its digital payments services in India. The National Payments Corporation of India (NPCI), which is an umbrella organization for operating or managing retail payments and settlement systems in the country, has given WhatsApp the green… Read More

Central Bank of the UAE Releases Updated Regulatory Guidelines for Digital Payments or Stored Value Facilities

The central bank in the UAE has issued new regulations on Stored Value Facilities (SVF). The updated regulatory guidelines apply to local Fintech companies and various other non-bank payment service providers. The new guidelines aim to make it easier to access the UAE market while… Read More

Underserved Singapore based SMEs are Now Considering Switching to Digital Banks: Visa Survey

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

UK Fintech Modulr Introduces Card Issuing API, Customers are Now Able to Manage All Payments Needs from One Platform

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has introduced physical cards that are now available via its platform. The Modulr team noted: “Following popular demand, we have launched a card-issuing API, completing an end-to-end, one-stop solution for an entire card… Read More

Buy Now Pay Later Provider Klarna Forms New Partnership With GameStop

  Payment processing platform Klarna announced on Monday it has formed a new partnership with video game retailer, GameStop.  This news comes just days after Klarna announced its partnership with Etsy. While sharing details about the partnership,  David Sykes, Head of U.S. at Klarna, stated: “Recognizing… Read More

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

Fintech Professional Explains how Payment Initiation Service Providers are Offering Improved Payment Solutions after PSD2 Went Live

Ciaran O’Malley, Head of Commercial Strategy at Trustly, a Stockholm, Sweden based financial services firm that aims to offer fast and secure online banking solutions, says that since PSD2 went live in September of last year, a “raft” of Payment Initiation Service Providers (PISPs) have… Read More

Payments Platform Stripe Acquires Nigerian Fintech Paystack which will Continue to Operate Independently

Payments platform Stripe has acquired Nigeria-based Paystack, which is a startup that aims to make it easier to integrate various payment services. The acquisition may be valued at over $200 million, according to TechCrunch which cited sources familiar with the matter. Patrick Collison, CEO at… Read More

Mastercard Reports 40% Increase in Contactless Payments Since January 2020, Digital Tech Adoption on the Rise Following COVID

The COVID-19 outbreak has accelerated the shift towards the increased use of all-digital platforms and services by consumers across the globe. Ajay Bhalla, president of Cyber and Intelligence for Mastercard, says that the “new normal” is not a new development anymore and that we need… Read More

Mastercard Is Asking Businesses to Upload Company Logos to Ethoca, a Fraud Prevention Platform, to Improve Dispute Resolution Process

Payments giant Mastercard is planning to encourage businesses to load up their logos to a website that’s being managed by Ethoca, an online fraud prevention platform. Mastercard is hoping to improve the dispute resolution process by having merchants upload their official logos to the site…. Read More

Contactless and Digital Payments Continue to Rise in India while Retail Spending Nearly at Pre COVID Levels: Report

Retail spending and activity levels in India have now recovered to around 90% of pre- COVID-19 levels after dropping to around 55-65% of their average back in April 2020. The pace of the adoption of digital services across major channels has accelerated due to the… Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

India’s National Security Adviser Warns that Fraudulent Activities have Increased as More Consumers are Conducting Online Payments

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

Reserve Bank of India Is Reportedly Planning to use Infosys Co-Founder Nandan Nilekani’s Formula to Measure Effectiveness of Digital Payments

The Reserve Bank of India (RBI) is reportedly planning to use the Nandan Nilekani (Infosys co-founder) formula in order to measure the effectiveness of digital payments. Indian prime minister Narendra Modi’s administration has introduced the Digital India initiative which aims to determine the extent of… Read More

Digital Wallet Provider EasyPaisa Partners Fintech Firm PayFast to Accelerate Virtual Payments Adoption in Pakistan

Easypaisa, a leading digital wallet provider in Pakistan, has partnered with Fintech firm PayFast, in order to accelerate the adoption of digital payments in the country. Through the partnership, Easypaisa digital wallet users will be able to make online payments using PayFast’s local payment gateway…. Read More

Egyptian Digital Payments Provider, Fawry, Experiences Record Growth Following COVID-19 Outbreak

Fawry for Banking & Payment Technology Services SAE, an Egyptian digital payments provider, was listed on Cairo’s exchange about a year back. The company recently experienced a 300% increase in its market value to 20 billion Egyptian pounds (appr. $1.3 billion). The payments firm confirmed… Read More

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