Tagged: digital payments

September 28, 2021 @ 3:37 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time payments and virtual payment software solutions, has revealed that the patent for its incremental learning tech  – an innovative approach to machine learning – received “full” approval. Incremental learning tech is a key part of ACI… Read More

September 25, 2021 @ 10:59 am By Omar Faridi  |  

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

September 21, 2021 @ 5:57 pm By Tony Zerucha  |  

A new study from Juniper Research predicts global transaction value of digital bill payment and presentment will exceed $2 trillion by the end of 2021, up from $1.9 trillion in 2020. Digital bill payment and presentment are accessed and paid digitally, primarily through mobile banking… Read More

September 20, 2021 @ 9:45 pm By Omar Faridi  |  

With the rising “digital influence” on consumers throughout the world, online portals as a preferred channel for trade are undergoing significant growth. There’s also an increasing trend of India’s businesses “going global,” according to Indian Fintech Razorpay. The company shared data which reveals that merchandise… Read More

September 20, 2021 @ 8:51 pm By Omar Faridi  |  

NEFT or National Electronics Funds Transfer is a facility provided (in India) by nearly all the local banking institutions. As explained in a blog post by Fintech firm Paytm, NEFT is among the most preferred methods of making money transfers in India. Via NEFT, users… Read More

September 17, 2021 @ 8:31 am By Omar Faridi  |  

Zūm Rails, an Open Banking and intelligent payment software provider, reveals that it has introduced a new set of anti-fraud tools to improve the security of its Instant Deposit feature. Instant Deposit, supported by Visa Direct, the payment giant’s real-time push payments solution,  and offered… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

September 14, 2021 @ 10:10 pm By Omar Faridi  |  

The National Database and Registration Authority (Nadra) in Pakistan has added contactless biometric verification services for the nation’s banking and payments sector, making the Asian nation one of the first in the world to introduce the tech on a State-wide level. As first reported by… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 9:31 pm By Omar Faridi  |  

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

September 13, 2021 @ 1:09 pm By Omar Faridi  |  

Ecommpay, a global payments solution provider and direct bank card acquirer, reveals that it has introduced Timeline, its payment tech designed specifically for the travel sector. As first reported by Finextra, the ready-to-go service can settle payments immediately. It may be integrated via the fully… Read More

September 8, 2021 @ 6:06 am By Omar Faridi  |  

JCB International Co., Ltd., the global operations subsidiary of JCB Co., Ltd., and Checkout.com, the international payments processing platform, revealed that they’ve extended their partnership with the introduction of J/Secure 2.0 which is “compliant with EMV 3-D Secure (EMV 3DS) to Checkout.com’s merchants in the… Read More

September 7, 2021 @ 7:39 pm By Omar Faridi  |  

India-based PhonePe, a leading Fintech platform that now claims 300 millions users, reveals that it has introduced PhonePe Pulse, which is an interactive website with data, insights and key trends on virtual payments. The PhonePe Pulse website reportedly features millions of transactions made by clients on… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 5, 2021 @ 11:15 am By Omar Faridi  |  

Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More

September 2, 2021 @ 11:46 pm By Omar Faridi  |  

Roxe, a next-gen international payment network, reveals that it will offer qualifying reserve banks with free access to its global Central Bank Digital Currency (CBDC) Plus Program. The new program will aim to enable countries to issue “new secondary or primary sovereign, fiat currencies backed… Read More

September 2, 2021 @ 11:44 am By Omar Faridi  |  

PayEm, the international spend and procurement platform for high-growth and multinational organizations, reveals that it has secured $27M in funding. As mentioned in a release shared with CI, the $27M consists of a $7M seed round that was led by Pitango First and NFX along… Read More

August 31, 2021 @ 3:21 pm By Omar Faridi  |  

Chase (NYSE: JPM) and Visa (NYSE: V) have revealed that beginning on August 30, 2021, and through September, whenever riders tap on MTA subways or buses with their Chase Visa contactless cards, they’ll be donating $0.10 per tap, up to $250,000, to domestic non-profit New… Read More

August 29, 2021 @ 9:30 pm By Omar Faridi  |  

The team at SadaPay, a Pakistani online payments Fintech, notes that one of the things they felt was “lacking” in the nation’s financial landscape was a “fantastic” virtual debit card. As mentioned in a blog post by SadaPay, there are some virtual cards currently available,… Read More

August 29, 2021 @ 9:08 pm By Omar Faridi  |  

Adyen (AMS:ADYEN), the international payments platform, recently announced the launch of its integration with Shiji Payments, offering hospitality businesses the option to leverage the  Adyen platform together with Shiji, “a leader in the provision of technological solutions for the hospitality, food service, retail, and entertainment… Read More