Tagged: cashless transactions

As Alternative Payments Adoption Increases, Banks Must Also Offer Efficient Options: Report

Payments are entering a new “experience-driven” era (Payments 4.X1), “ushered in by an accelerated transformation timeline” because of the Coronavirus crisis and the increasing virtual appetite of clients, according to the World Payments Report 2021 released by Capgemini. As noted in a release: “With the… Read More

Cashless Transactions Increase to $3.62B in Bahrain During H1 2021: Report

The total number of point-of-sale (POS) and digital commerce transactions in Bahrain increased by 65% in August 2021 YoY, reaching an aggregate value of almost $744 million during the month, after topping $3.62 billion during H1 2021, the Central Bank of Bahrain has revealed. According… Read More

Overfunding: Global Cashless Tipping Platform TiPJAR Secures £692,780 from 370 Investors via Crowdcube

TiPJAR, which is a global cashless tipping platform designed for hospitality staff & other tipped workers, has secured £692,780 of its £400,000 target from 370 investors via Crowdcube. The company reports an £11,000,000 pre-money valuation, £5.92 share price, and 5.92% equity. There are now 27… Read More

Abu Dhabi’s Fintech PayBy to Offer Contactless Payments Options to Al Maya Group Supermarkets in UAE

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

South African Fintech Adumo Secures R225 Million from International Finance Corp., IFC Financial Growth Fund

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

Majority of Pakistani Consumers to Make Digital Payments for Online Purchases, Instead of Visiting Physical Stores, Even After COVID: Survey

Visa (NYSE: V), the global leader in digital payments, recently published the results of its survey which aimed to assess the impact of COVID-19 on consumer behavior in Pakistan. Visa’s Stay Secure survey reveals Pakistani consumers’ general views about conducting digital transactions, their preferences and… Read More

gohenry, a Debit Card and Money Management App Provider for Kids, Reaches 1 Million Customers Globally

gohenry, the provider of a debit card and Fintech app with special parental controls for children between the ages of 6-18, has now surpassed the one million customer milestone. As noted in a release shared with Crowdfund Insider: “Following years of accelerated growth since its… Read More

Nordic Payments Firm Nets to Acquire Polskie ePłatności (PeP), a Company that Offers Financial Services to SMEs

Nets, an established Nordic payments firm, has reportedly decided to acquire Polskie ePłatności (PeP) in a transaction that would value the Polish merchant acquirer at around €405 million (appr. $454.3 million). PeP’s business is focused on services that are typically required by small and medium-sized… Read More

India’s Payments Giant Paytm Partners Uber to Add Credit and Debit Card Processing to Allow Users to Easily Settle Card Transactions

India-based Paytm, an established payment gateway, has teamed up with ride-hailing app Uber in order to add credit and debit processing and will allow customers to easily perform card transactions. Uber will use the existing digital wallet integration with Paytm’s platform to offer riders a… Read More

Russian Residents Are Increasingly Conducting Cashless Transactions, As Overall Digital Payments Rise Nationwide: Report

The fourth quarter of 2019 saw Russia’s citizens perform more digital payments than transacting with cash (for the first time ever), state-owned Sberbank confirmed. Moscow-based Sberbank conducted the market research as part of its SberData initiative, revealing that Russian residents performed 50.4% of total transfers… Read More

United States is Expected to Lose its Top Rank as Largest Cashless Society by Next Year: Study

The United States is reportedly expected to lose its top rank as the largest cashless country and society in the world to nascent Asian markets by next year. Cashless transactions in the US are projected to increase by 4.7% to reach $184 billion by 2020,… Read More

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