Tagged: digital payments

April 22, 2020 @ 1:10 pm By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Wednesday it has achieved CarbonNeutral Company status. This announcement comes on the 50th anniversary of Earth Day. Paysafe reported that the status is part of its ongoing commitment to the environment and has also been backdated to… Read More

April 21, 2020 @ 9:34 pm By Omar Faridi  |  

Transcorp International, an established foreign exchange (Forex) and payment services provider, has received approval from the Reserve Bank of India (RBI) to enter co-branding arrangements for performing prepaid transactions. The prepaid payment services will be available at thousands of Indian stores and digital commerce websites…. Read More

April 20, 2020 @ 11:45 pm By Omar Faridi  |  

Earlier this month, Pakistan’s Easypaisa, a local provider of online financial services, teamed up with Zakat and Ushr department of the Government of (the province of) Punjab, in order to distribute funds to locals who have been impacted by the Coronavirus (COVID-19) outbreak and resulting… Read More

April 20, 2020 @ 1:17 am By Omar Faridi  |  

Lithuania-based Genome, a Fintech firm that provides a financial ecosystem to support individuals and businesses, will be helping companies process their e-commerce transactions. The Fintech company will be opening a business account for low-risk businesses that are currently using the Genome platform. It will also… Read More

April 16, 2020 @ 9:13 pm By Omar Faridi  |  

The Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation, has reportedly become the first company to introduce Google Pay’s peer to peer (P2P) money transfer service in Singapore. The new digital payments option makes Singapore only the third… Read More

April 16, 2020 @ 8:42 pm By Omar Faridi  |  

Ethoca, a division of payments giant Mastercard, has revealed that it’s extending one of its ongoing collaborative initiatives, which allows Microsoft Corporation customers to get convenient access to digital or online receipts. Users may access the digital receipts provided by Ethoca via their regular mobile-based… Read More

April 16, 2020 @ 8:48 am By Omar Faridi  |  

OpenPayd, an established API-based banking-as-a-service (BaaS) provider, has upgraded its payments functionality and capabilities by enabling direct access to the SEPA (Single Euro Payments Area) payment scheme. The integration will allow OpenPayd’s business clients, which mainly includes online or digital marketplaces, merchant acquirers and other… Read More

April 15, 2020 @ 7:22 pm By Omar Faridi  |  

Rewire, an international banking service provider for migrant workers, recently revealed that it’s making updates to its platform, following the Coronavirus (COVID-19) outbreak. Rewire, which is focused on developing a virtual bank for the migrant workforce, is now offering free digital and physical Mastercards and… Read More

April 15, 2020 @ 11:29 am By Omar Faridi  |  

Google Pay was reportedly the most downloaded Fintech app (globally) during the month of February 2020 with 15.6 million downloads. It was closely followed by Indian digital payments firm PhonePe’s app which was downloaded 6 million times. For Google Pay, this is notably more than… Read More

April 15, 2020 @ 10:32 am By Omar Faridi  |  

Fintech firm Zaggle, which leverages artificial intelligence (AI) and deep learning to provide innovative solutions to Indian businesses, reportedly had a turnover of around INR 1800 Crores (appr. $237 million) for the 2018-2019 financial year (FY). Zaggle is now expecting to generate INR 3500 Crores… Read More

April 14, 2020 @ 7:26 am By Omar Faridi  |  

UK-based Fintech firm STICPAY has launched a prepaid STIC card for its digital wallet solution. The new payment option will allow users to make withdrawals and spend their funds through the STIC card. The Fintech firm noted that all STIC cards have a base currency,… Read More

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

April 11, 2020 @ 10:55 am By Omar Faridi  |  

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

April 10, 2020 @ 4:29 pm By Omar Faridi  |  

A group of Fintech firms are planning to create a hardware-free mobile point-of-sale (mPOS) system. The mobile-based payments system will process contactless payments made from Android devices. Germany-based Fintech companies CCV Group, Intertrust, Riscure, and Rubean have reportedly been working on the PhonePOS concept, in… Read More

April 6, 2020 @ 9:30 pm By Omar Faridi  |  

India-based PayU, a leading payment gateway, has introduced several projects and measures,  in order to assist local vendors, small and medium enterprises (SMEs), and business owners in dealing with the disruption due to the Coronavirus (COVID-19) outbreak. The initiatives launched by PayU will help businesses… Read More

April 5, 2020 @ 5:03 pm By Omar Faridi  |  

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More

April 3, 2020 @ 11:48 am By Omar Faridi  |  

San Francisco-based Fitbit, a company that (recently acquired by Google for $2.1 billion) offers compact, wireless, wearable sensors that track users’ daily activities in order to encourage people to adopt a healthy and active lifestyle, has introduced a fitness wristband that comes with a contactless… Read More

March 28, 2020 @ 7:59 pm By Omar Faridi  |  

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

March 26, 2020 @ 6:28 pm By Omar Faridi  |  

The National Payment Corporation of India (NPCI), a local, non-profit umbrella organization for operating retail payments and settlement systems in the country, has requested the nation’s residents to make digital payments in order to reduce physical contact during the deadly coronavirus (COVID-19) outbreak. The NPCI,… Read More

March 25, 2020 @ 8:51 pm By Omar Faridi  |  

Nearly 65% of Singapore residents say they would consider working with an all-digital bank, according to the recently published Visa Consumer Payment Attitudes Study. The study reveals that 84% of Singapore-based respondents said that they’d be willing to use virtual banking services offered by an… Read More