Tagged: digital payments

October 6, 2024 @ 2:23 pm By Omar Faridi  |  

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More

September 28, 2024 @ 10:58 am By Omar Faridi  |  

KaiOS, the operating system that brings the best of the internet to affordable devices, announced a partnership with Mastercard (NYSE: MA) to integrate a range of digital payments solutions. Mastercard and KaiOS explained in a blog post that they will aim to deliver affordable payment acceptance… Read More

September 26, 2024 @ 7:53 am By Omar Faridi  |  

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced in Milano “by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.” Nexi will… Read More

August 31, 2024 @ 12:21 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, announced the launch of Secure ID. Secure ID is an end-to-end solution “for identity verification, risk assessment, and fraud prevention.” Cashfree Payments claims to have “crossed 100Cr+ verifications and has prevented fraud worth INR 50Cr+ for… Read More

August 29, 2024 @ 9:44 pm By Omar Faridi  |  

Fintech Pine Labs and Visa (NYSE: V), the enabler of global payments have come together to scale digital payments acceptance and further India’s vision of a digital economy by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC) and card payments. The… Read More

August 25, 2024 @ 5:00 pm By Omar Faridi  |  

Global Fintech Thunes noted that the Philippines is swiftly emerging as a fast-growing digital payments hub in Southeast Asia, fueled by significant advancements in its financial sector. Thunes explained in a blog post that government initiatives, particularly from the BSP, have driven “a surge in… Read More

August 25, 2024 @ 5:22 am By Omar Faridi  |  

Checkout.com, a global digital payments provider, announced it is the first payment provider to partner with Google Pay to bring its biometric-based secure payment authentication service to merchants. Checkout.com, which offers authentication to merchants “such as Remitly, will offer Google Pay’s biometric authentication to brands… Read More

August 20, 2024 @ 6:30 am By Omar Faridi  |  

Ledger announced that Revolut, one of the world’s leading fintech solutions for digital payments, will join Ledger Live as a buy provider. This collaboration aims to further our mission of complete self-custody “for people’s financial assets and make buying crypto easier and more accessible than… Read More

August 12, 2024 @ 3:30 pm By Omar Faridi  |  

Camilo Tellez-Merchan, Head of Digital Payments Innovation Hub, Better Than Cash Alliance, United Nations Capital Development Fund (UNCDF), and Gisela Davico, the Latin America & Caribbean Lead and Global Gender Lead, Better Than Cash Alliance have shared key insights that have released in a blog… Read More

July 31, 2024 @ 10:40 pm By Omar Faridi  |  

Finix, the full-stack payment processor enabling businesses to accept and send payments,  launched Recurring Billing, a new solution available on the Finix dashboard that enables customers to easily set up and manage recurring payments using no-code tools. Recurring billing can be difficult for businesses “to… Read More

July 29, 2024 @ 5:26 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is poised to significantly advance the digital payments landscape in the country with the upcoming introduction of its Request to Pay (RTP) and Direct Debit facilities. Announced by BSP Deputy Governor Mamerto Tangonan… Read More

July 26, 2024 @ 3:35 pm By Omar Faridi  |  

Checkout.com, a global digital payments provider, announces the results of its commissioned 2024 Total Economic Impact (TEI) study conducted by Forrester Consulting. The independent study outlines a three-year, risk-adjusted present value and ROI for a composite organization “comprised of interviewees with significant experience working with… Read More

July 12, 2024 @ 5:26 pm By Omar Faridi  |  

Billtrust, a firm focused on the B2B order-to-cash and digital payments market, announced that it has extended its collaboration with Visa (NYSE: V), an enabler of digital payments, to support its Business Payments Network (BPN). Visa will continue to offer BPN access to its financial… Read More

June 12, 2024 @ 7:21 pm By Omar Faridi  |  

In 2023—as economies fully reopened and travel resumed—Grab (NASDAQ: GRAB) says that its mobility business rebounded and their deliveries business showed remarkable resilience amidst rising inflation. Grab claims that they grew their user base. As of December 2023, 35.5 million people leverage their platform “to… Read More

May 28, 2024 @ 10:42 pm By Tony Zerucha  |  

Onbe, a corporate payouts platform, recently published its Spring 2024 Title, Escrow and Mortgage Payments Survey. It suggests that home buyers overwhelmingly prefer digital payouts; 92% of respondents stated receiving a digital refund would be more convenient compared to waiting for a check in the… Read More

May 27, 2024 @ 10:17 pm By Omar Faridi  |  

Payments Canada is pleased to welcome Paula Dunlop as the new Vice President, Policy, Government Relations and Research. In this role, Paula will be expected to “oversee these three important functions at Payments Canada that influence and enhance their work with key stakeholders and across… Read More

May 17, 2024 @ 8:54 pm By Omar Faridi  |  

PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a session held in Colombo. The session saw participation from Shri Santosh Jha, the High Commissioner of India to Sri Lanka, as the Chief Guest, who highlighted… Read More

May 8, 2024 @ 2:41 pm By Omar Faridi  |  

SoFi (NASDAQ: SOFI) will be supporting Zelle which is being rolled out after requests from clients. Zelle is a bank-owned instant payments and transfer service that is broadly available in the banking world. SoFi states that Zelle is one of the most requested features for… Read More

March 29, 2024 @ 11:03 am By Omar Faridi  |  

PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to “scan the QR code for seamless and… Read More

March 29, 2024 @ 8:13 am By Omar Faridi  |  

Alchemy Pay has invested in LaPay UK Ltd, a Fintech dedicated to facilitating international business growth for companies. LaPay holds an Authorised Payment Institution (API) License in the UK “with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).” The strategic investment… Read More