Tagged: digital payments

July 5, 2020 @ 10:09 pm By Omar Faridi  |  

FInD, a government of Maharashtra initiative that aims to match suitable investors and startups in India, confirmed on July 2, 2020, that Yuva Pay, which is part of FInD’s curated Fintech cohort, has teamed up with Yes Bank to introduce an integrated digital wallet platform…. Read More

July 5, 2020 @ 4:07 pm By Omar Faridi  |  

Transactions made with virtual cards are on track to more than triple in the next five years. Digital cards are expected to process $5 trillion in transactions by 2025, according to a new report from Juniper Research. This year, virtual card transactions are projected to… Read More

July 4, 2020 @ 5:53 pm By Omar Faridi  |  

Dr. Deep Datta Ray, a  Visiting Senior Fellow at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University (NTU), Singapore, writes that Qatar’s opportunity creation in the “new normal” (following the COVID-19 outbreak) is in Fintech, aviation, and digitization. He notes that Qatar’s… Read More

July 3, 2020 @ 8:25 am By Omar Faridi  |  

The global COVID-19 outbreak has created many challenges as individuals and businesses have to get used to observing safe distancing measures and make changes to their lifestyle – which may include working from home. According to a recent blog post published by the International Monetary… Read More

July 1, 2020 @ 8:38 am By Omar Faridi  |  

UK-based Fintech SumUp, a payments service provider, has teamed up with Google in order to enable merchants using Google My Business to add support links to gift cards to their business profile on Google. This latest move aims to support SMBs during COVID-19 and also… Read More

July 1, 2020 @ 8:14 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday its AvidPay Network has experienced record high e-payment adoption rates as businesses look to pay bills remotely and reduce reliance on shipping and mailing services. According to… Read More

June 30, 2020 @ 7:24 am By Omar Faridi  |  

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

June 28, 2020 @ 7:25 pm By Omar Faridi  |  

UK-based Fintech TransferWise says its partnership with digital bank N26 continues to grow, with the money transfer service now helping the challenger’s customers to send funds to even more countries, including Brazil, Mexico, Singapore, the Philippines, among others. As mentioned on the Fintech firm’s website:… Read More

June 28, 2020 @ 5:21 pm By Omar Faridi  |  

Calgary-based Fintech firm Helcim has developed and introduced a comprehensive platform to help companies accept payments and conduct business online. Helcim claims that there has been a significant increase in sales. The Canadian Fintech also noted that it will waive monthly fees for using the… Read More

June 26, 2020 @ 7:25 am By Omar Faridi  |  

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

June 26, 2020 @ 1:33 am By Omar Faridi  |  

K. Rajaraman, Additional Secretary, Investment and IER (International Economic Relations), in the Department of Economic Affairs, India, says that the country’s private sector should work cooperatively with the government to further improve and expand the Fintech ecosystem. Rajaraman said Fintech has enabled greater financial inclusion… Read More

June 26, 2020 @ 1:09 am By Omar Faridi  |  

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

June 25, 2020 @ 11:45 pm By Omar Faridi  |  

Ezra, a project that leverages its partner network to support global aid initiatives through Fintech and other emerging technologies, is planning to work cooperatively with mobile operators, NGOs, and various foundations and organizations in order to enable greater financial inclusion through digital platforms. Allan Green,… Read More

June 24, 2020 @ 10:02 pm By Omar Faridi  |  

Chennai-based digital bank Kaleidofin has introduced a payments platform, called KaleidoPay, which lets non-bank financial company (NBFC) clients make digital payments. KaleidoPay digitizes payments, including customers’ savings contributions and insurance premiums. The platform’s software uses machine learning (ML) algorithms to process financial data. KaleidoPay can… Read More

June 24, 2020 @ 7:44 am By Omar Faridi  |  

Brazil’s reserve bank has reportedly instructed Mastercard and Visa to suspend processing transactions on behalf of WhatsApp. As reported on June 15, 2020, the Facebook-owned WhatsApp messaging platform began facilitating payments in Brazil. However, the Central Bank of Brazil (BC) has now taken action against… Read More

June 23, 2020 @ 3:35 pm By Samantha Hurst  |  

Signature Bank (Nasdaq: SBNY), a U.S.-based full-service commercial bank, announced on Tuesday the launch and integration of the full functionality of its proprietary, blockchain-based digital payments platform, Signet, with Fireblocks, an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Effective immediately, Signature… Read More

June 23, 2020 @ 8:08 am By Samantha Hurst  |  

PayPal and Venmo are planning to roll out cryptocurrency buying and selling options through their digital payment platforms, Coindesk reported on Monday. The media outlet revealed that although it is not confirmed which crypto will be offered, sources close to the project have stated they… Read More

June 22, 2020 @ 10:38 pm By Omar Faridi  |  

Narayanan Ganapathy, a financial analyst, angel investor, and the CEO at Angivest Ventures, recently noted that significantly more people are using smartphone apps and other types of software to make digital payments, because of the COVID-19 outbreak and resulting challenges. Ganapathy, whose comments came during… Read More

June 22, 2020 @ 1:14 am By Omar Faridi  |  

We recently caught up with Jay Nair, Senior Vice President of Financial Services at Infosys (NYSE: INFY), a global leader in digital services and consulting. The company has clients in 45 countries who use its services to develop their digital transformation strategies. The firm has… Read More

June 21, 2020 @ 5:26 pm By Omar Faridi  |  

Malaysia-based Curlec, a Fintech firm that aims to offer a better way for businesses to collect recurring payments, recently secured funding from 500 Startups, an early-stage VC fund and seed accelerator established in 2010 by entrepreneurs Dave McClure and Christine Tsai. Curlec completed its seed… Read More