Tagged: digital payments

Cashless Payments Have Become Popular, But Demand for Cash Still Strong in Rural and Unbanked Communities: Report

Cashless or digital payments have become increasingly popular, however, cash still remains a widely-used payment method in most nations, especially in rural communities and jurisdictions with a large unbanked population. Following many years of steady growth, the total number of cash withdrawals made via ATMs… Read More

Pakistan’s Leading Energy Company, Byco Petroleum, Partners Bank Alfalah to Launch Digital Payments

Pakistan’s leading energy company, Byco Petroleum Pakistan Ltd, has teamed up with Bank Alfalah, one of the nation’s largest financial institutions, in order to introduce digital payments across Byco’s nationwide network of retail locations. Bank Alfalah has supported the OneQR concept. The bank will now… Read More

Christian Catalini: Co-Creator of Libra Explains How the Facebook-led Project Aims to Enable Financial Inclusion

Christian Catalini, co-creator of the Facebook-led Libra payment system and head economist at Calibra, a subsidiary of the social media giant that’s focused on developing a digital wallet for Libra, says he’d been doing research in the cryptocurrency and blockchain space for many years before… Read More

Wirecard Announces Digital Installment Payment Plan in Germany

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has launched a new installment payment plan for online shops in Germany. According to Wirecard, the new offering is available through its digital financial commerce platform, benefits both merchants and consumers thanks… Read More

Mastercard is Piloting Digital Payments for Garment Factory Employees With Levi’s and Marks & Spencer

Mastercard has announced the launch of a pilot program that involves helping garment factory workers transition from using cash to receiving digital wage payments. Sue Kelsey, executive vice president, prepaid solutions, Mastercard, stated in a press release: “At Mastercard, our vision is to ultimately build… Read More

Global Fintech Market is Projected to Grow to Nearly $310 Billion at a CAGR Of 24.8% By 2022

The global Fintech market was valued at approximately $127 billion in 2018, and is projected to grow to around $310 billion at a 24.8% annual growth rate by 2022, according to a September 26 press release by the Business Research Company.  The rapidly evolving digital… Read More

Wirecard Announces Expansion of Partnership With Mizuho Bank

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has extended its partnership with Mizuho Bank. Wirecard reported it has been collaborating with Mizuho Bank since last year and has been offering acquiring and issuing services for Mizuho Bank corporate clients… Read More

Wirecard Teams Up With Global Retailer WHSmith for Digital Payments

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has formed a new partnership with global retailer WHSmith for digital payments. The duo reported they are working together to expand WHSmith’s digital payment acceptance capabilities for e-commerce as well as at… Read More

Stripe Expansion: Digital Payments Platform Announces Opening of Mexico City Office

Digital payments platform Stripe announced on Tuesday it has launched its newest office in Mexico City. According to Stripe, the office is its first in the region and will be home to teams focused on building products for the most ambitious technology companies in Latin… Read More

Wirecard Teams Up With Sisal Group’s SisalPay to Drive Digital Payments in Italy

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has formed a new partnership with Sisal Group, through its brand SisalPay, to continue to drive digital payments in Italy. According to Wirecard, SisalPay already offers one of the most successful payment… Read More

Wirecard Launches Virtual Express Solution For Immediate Delivery of Digital Funds

Germany-based global provider of digital payments and commerce solutions Wirecard recently announced the launch of its new Virtual Express solution, which provides immediate delivery of digital funds including refunds, incentives, and rewards. According to Wirecard, the new functionality has been designed specifically for mobile wallets and is part… Read More

Sony Partners With Wirecard For Digital Payment Technology

Wirecard announced on Wednesday it has formed a partnership with Sony for digital payment technology. According to Wirecard, Sony is officially launching the wena watch range in the UK and Ireland and the fintech reported that by using its boon app for iOS and Android, customers… Read More

Worldpay Teams Up With Paysafe to Launch New Solution For U.S. iGaming & Sports Betting Markets

Global payment technology providers Worldpay, Inc. (NYSE: WP; LSE: WPY) and Paysafe Group announced on Monday they have formed a new strategic partnership, with sights set on establishing an industry-leading standard in iGaming and Sports Betting digital payments acceptance and security in the U.S. According to the duo,… Read More

ELIX is a Token, Crowdfunding Platform and Wallet All in One

Elix App on iPhone

ELIX is a blockchain based platform that is crypto native seeking to provide multiple services including a crowdfunding / lending service along with a crypto wallet and payments. The ELIX coin never did an initial coin offering it simply gave the digital tokens away (about… Read More

Wirecard Debuts Fully Digital Payment Product in South Africa

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced on Wednesday it has launched of its digital payment product, secureEFT, in South Africa. According to Wirecard, secureEFT is an instant electronic funds transfer payment service that allows customers to make secure online… Read More

Digital Payments & E-Commerce Platform KinerjaPay Announces Plans to Enter Microlending Business in Indonesia

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on Friday it is set to launch its own application for microlending business with peer-to-peer platform to facilitate credit facility. The company reported it will mainly target consumer sector to provide microlending facility in… Read More

TrueCaller Acquires India-Based Digital Payments Platform Chillr

Truecaller, a Sweden-based company that is on a mission is to build trust everywhere by making communication safe and efficient, announced on Wednesday it has acquired India-based multi-bank payments app, Chillr. Speaking about Chillr joining their platform, the Truecaller team stated: “Today, we are proud to… Read More

Visa Announces Strategic Investment in Mobile Payments Platform YellowPepper; Seeks to Accelerate Adoption of Mobile Payments & Tokenization in Latin America

Visa (NYSE: V) announced on Thursday it has made a strategic investment in YellowPepper, a mobile payments platform in Latin America, to help accelerate innovation in digital payment technology. Visa reported that this is the first of its kind for the credit card giant in… Read More

India-Based Digital Payments Platform Pine Labs Secures $82 Million Through Latest Investment Round Led By Actis Capital

Pine Labs, an India-based digital payments platform, has secured $82 million through its latest investment round, which was led by Actis Capital, with participation from Altimeter Capital. Founded in 1998, Pine Labs stated it began its journey with specialty payment & loyalty solutions for closed-user group… Read More

Alipay Announces New Partnership Milestone With Canadian Fintech Motion Pay

Digital payment platform Alipay announced this week it has reached a new partnership milestone with Canada-based fintech Motion Pay Technology Inc. According to the company, the partnership has resulted in a significant number of merchants across Canada enabling Alipay at point-of-sale.  According to the duo, Alipay is now accepted… Read More

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