Tagged: digital payments

September 30, 2020 @ 7:00 am By Omar Faridi  |  

Digital commerce giant Amazon (NASDAQ:AMZN) has introduced special technology that allows customers to pay for products at physical store locations by simply scanning the palm of their hands. Amazon has been quite active when it comes to offering certain services at brick-and-mortar stores. The e-commerce… Read More

September 29, 2020 @ 9:26 pm By Omar Faridi  |  

Philippines-based PayMongo, an online payments platform, has secured $12 million in capital through a Series A investment round led by payments processor Stripe PayMongo provides an online payments API for businesses in the Philippines. The Fintech firm has taken part in Y Combinator’s Accelerator program…. Read More

September 29, 2020 @ 4:15 pm By Omar Faridi  |  

Stephen McKeon and Derek Schloss from Collab+Currency (Collaborative Fund) have noted that they’ve invested in LUNA, which is a digital token that backs the Terra ecosystem of stablecoins (virtual currencies pegged 1-to-1 with real-world assets like the US dollar or commodities like gold). McKeon and… Read More

September 29, 2020 @ 7:46 am By Omar Faridi  |  

Airwallex, an Australia-based Fintech company, has reportedly extended an existing $250 million investment round by $40 million (appr. AUD 57 million). Scott Farquhar, the co-founder at Atlassian, has joined the funding round through his firm, Skip Capital. Airwallex has managed to secure substantial investments so… Read More

September 27, 2020 @ 4:18 pm By Omar Faridi  |  

Retail spending and activity levels in India have now recovered to around 90% of pre- COVID-19 levels after dropping to around 55-65% of their average back in April 2020. The pace of the adoption of digital services across major channels has accelerated due to the… Read More

September 26, 2020 @ 9:40 am By Omar Faridi  |  

Singapore-based payments platform Nium has partnered with Aspire, a neobank for businesses, in order to enable payments with Google Pay. Aspire claims that it’s the first business neobank to launch in Southeast Asia. The company announced its plans to go “plastic-less” by issuing corporate Visa… Read More

September 24, 2020 @ 8:26 am By Omar Faridi  |  

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

September 22, 2020 @ 6:36 pm By Omar Faridi  |  

Payments technology giant MasterCard has teamed up with Pakistan-based Silk bank to expand credit card issuance options in the country. This could help increase the purchasing power of local residents and promote digital payment adoption as well. Through the partnership, Silk Bank customers in Pakistan… Read More

September 22, 2020 @ 12:38 pm By Samantha Hurst  |  

MetaBank, N.A. announced on Tuesday the expansion of its payments platform to include processors Finix and TabaPay. According to Metabank, Finix builds payments infrastructure for vertically-focused software providers and fintech companies. With Finix, businesses may own and monetize entire payments experience without having to build… Read More

September 21, 2020 @ 11:49 pm By Omar Faridi  |  

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

September 20, 2020 @ 6:53 pm By Omar Faridi  |  

  The global COVID-19 outbreak has led to major socioeconomic changes and uncertainty. It has also led to changes in consumer behavior and preferences, especially when buying and paying for products and services. Individuals and organizations across the globe are increasingly using all-digital platforms and… Read More

September 19, 2020 @ 3:10 pm By Omar Faridi  |  

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

September 19, 2020 @ 12:40 pm By Omar Faridi  |  

Sheila Warren, Head of Blockchain, Data, and Digital Assets at the World Economic Forum (WEF), an independent international organization committed to improving the state of the world by engaging business leaders of society to shape global agendas, says that she’s “quite bullish” about blockchain and… Read More

September 18, 2020 @ 10:55 pm By Samantha Hurst  |  

Mobile wallet service provider Paytm announced on Friday its Android mobile app was temporarily removed from the Google Play Store. The company reassured its uses that their account balances are 100% safe and its services are fully functional. Paytm reported that it recently launched “Paytm… Read More

September 18, 2020 @ 7:42 am By Omar Faridi  |  

The UAE’s Ministry of Finance will be working with the First Abu Dhabi Bank (FAB) in order to launch electronic or digital Dirham contactless payments cards for settling governmental service charges. The eDirham has been set up as a system of digital channels that are… Read More

September 17, 2020 @ 9:11 pm By Omar Faridi  |  

India-based PhonePe, a major digital payments platform, has teamed up with the Brihanmumbai Electricity Supply and Transport (BEST) in order to offer a frictionless, contactless, safe, and secure payment option to commuters in Mumbai, which is a major financial center and one of the country’s… Read More

September 17, 2020 @ 3:02 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Wednesday a new feature enabling users to buy cryptocurrency from within the BitPay Wallet App using Wyre. According to BitPay, Customers can now buy Bitcoin and ETH using a debit card or Apply Pay through the mobile app. While sharing more… Read More

September 17, 2020 @ 9:46 am By Samantha Hurst  |  

Pleo, a Denmark-based fintech startup, announced on Thursday it is now offering Apple Pay to its European and UK customers. Pleo reported the new capability will allow its business users to sync their Pleo credit card with Apple ePay and make payments from their Apple… Read More

September 17, 2020 @ 8:14 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Thursday it is firing a “warning shot” at its competitors by launching a comprehensive product overhaul, along with a new Mastercard. According to Wirex, the overhaul kicked off with the release of new features, which includes five… Read More

September 16, 2020 @ 10:19 pm By Omar Faridi  |  

Open Banking focused firm Yapily has teamed up with Ozone API, an API standards-based platform, in order to enable banks and other financial service provider to speed up their adoption of Open Banking processes and systems. The COVID-19 outbreak has led to several changes in… Read More