Tagged: digital payments

March 18, 2025 @ 12:11 am By Omar Faridi  |  

PhonePe announced that it has crossed 600 million (60 crore) registered users on its platform. This marks a significant milestone for the company, which will mark its 10-year anniversary this year, and has grown to “serve hundreds of millions of customers with its financial services and… Read More

March 17, 2025 @ 8:46 am By Omar Faridi  |  

Pakistan has taken a significant step toward modernizing its digital payment landscape with the recent introduction of Google Wallet, a move announced in March 2025. This development, coupled with emerging crypto-related initiatives, signals the country’s intent to align with global technological trends. However, despite these… Read More

March 7, 2025 @ 7:30 pm By Omar Faridi  |  

Virtual cards are transforming the digital financial services sector by offering businesses a secure, efficient, and flexible payment solution. According to a whitepaper by Juniper Research titled The Role of Virtual Cards in Streamlining Business Payments, virtual cards are poised to transform business-to-business (B2B) payments,… Read More

March 5, 2025 @ 3:07 pm By Omar Faridi  |  

In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More

March 4, 2025 @ 6:45 am By Tony Zerucha  |  

Flutterwave, a leading African payments technology company, has officially secured a payment system license to operate in Zambia. This new license positions Flutterwave to deliver mobile money services to enterprises in Zambia. The company believes its potential in Zambia is substantial, given the country’s increasing… Read More

February 4, 2025 @ 10:18 pm By Omar Faridi  |  

The global payments landscape is undergoing significant changes, driven by the increasing need for cross-border transactions. TransferGo, a global Fintech company, has launched a multi-currency business account to cater to the growing demands of international businesses. This service allows companies to hold, exchange, send, and… Read More

February 2, 2025 @ 5:35 pm By Omar Faridi  |  

Jude Pinto, Chief Delivery Officer at Payments Canada, provides a quarterly update on the Real-Time Rail (RTR), sharing the program’s progress to date and future direction over the coming 3 months. Since their update in Q4 2024, Payments Canada and their delivery partners, CGI, IBM… Read More

January 27, 2025 @ 9:04 pm By Omar Faridi  |  

Paytm, a digital payments company in India, is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India (RBI) effectively suspended its operations due to regulatory concerns. Now,… Read More

January 24, 2025 @ 11:12 am By Omar Faridi  |  

Checkout.com, a digital payments company, announces a profitable end to 2024 and 45% YoY net revenue growth in its core business, which serves the commerce and fintech sectors and reportedly accounts for “95% of total volumes.” These milestones underscore the company’s commitment to “delivering the… Read More

January 13, 2025 @ 8:16 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments firm, reported 2024 business highlights which helped reportedly companies improve customer experiences and enhance their financial health. Billtrust CEO Sunil Rajasekar said: “In 2024, our team provided more tools than ever to help B2B finance teams gain deeper… Read More

January 7, 2025 @ 8:33 am By Omar Faridi  |  

iWallet, the enabler of digital payments solutions, announces an innovative development with the introduction of Voice AI to payments. This technology addresses the growing demand for advanced, secure, as well as user-friendly payment methods. The majority or around 81% of American consumers use voice technology… Read More

January 3, 2025 @ 7:09 am By Omar Faridi  |  

Digital payments processing Fintech Checkout.com has reportedly cut staff members following significant sales losses. UK-headquartered payments processing Fintech Checkout.com has slashed nearly a quarter of its professional work-force after a considerable decline in reported revenue. As indicated in Checkout.com’s accounts for the financial year 2023,… Read More

December 30, 2024 @ 12:01 pm By Omar Faridi  |  

Visa (NYSE: V), a global enabler of digital payments, announced its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This year, Visa’s preliminary insights indicate that the “overall holiday retail spend in the U.S. increased 4.8% year over year.” This is across all forms… Read More

December 21, 2024 @ 3:02 pm By Omar Faridi  |  

The European Central Bank (ECB) has recently released the results of the latest study on the payment attitudes of consumers in the euro area. Despite the trend towards digital payments, the number of cash payments remains considerable this year, particularly for “small-value and person-to-person payments.”… Read More

December 17, 2024 @ 5:47 pm By Omar Faridi  |  

Visa (NYSE: V) says that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in… Read More

December 4, 2024 @ 9:48 am By Omar Faridi  |  

From Black Friday through Cyber Monday (BFCM), Stripe reportedly processed 465 million transactions with a total payment volume of over $31 billion. Stripe claims that it was the “largest ever” four-day period on Stripe. Stripe’s public microsite and custom BFCM machine tracked results in real-time,… Read More

November 23, 2024 @ 5:46 pm By Omar Faridi  |  

Checkout.com, a global digital payments company, has helped Papa Johns UK improve its payments performance and expand its payment method offerings. The result is an improved digital payments experience for Papa Johns UK customers, ensuring smooth and secure online transactions “across its 400 locations nationwide.”… Read More

November 12, 2024 @ 10:33 pm By Omar Faridi  |  

Airwallex joins the Pledge 1% movement to commit company equity and more toward corporate philanthropy through a sustained ongoing model. “Airwallex Impact” will include expansion of company volunteerism, Airwallex for Startups programs and “discounted” product for select nonprofit organizations. Furthering its commitment to innovation, Airwallex… Read More

November 11, 2024 @ 1:09 am By Omar Faridi  |  

Tencent announced a partnership with Visa (NYSE: V) to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will be “part of the… Read More

November 8, 2024 @ 5:53 pm By Omar Faridi  |  

Ant International, a digital payment and financial technology provider headquartered in Singapore, has been enhancing its integration of AI technologies to support and secure millions of daily cross-border transactions for merchants across 200+ markets. Yang Peng, Chief Executive Officer of Ant International said that integration… Read More