Tagged: digital payments

February 20, 2020 @ 11:21 pm By Omar Faridi  |  

India-based Paytm, an established payment gateway, has teamed up with ride-hailing app Uber in order to add credit and debit processing and will allow customers to easily perform card transactions. Uber will use the existing digital wallet integration with Paytm’s platform to offer riders a… Read More

February 19, 2020 @ 3:18 pm By Omar Faridi  |  

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More

February 17, 2020 @ 12:47 pm By Omar Faridi  |  

Ant Financial, an affiliated company of the Chinese Alibaba Group, is reportedly running the first international blockchain-powered payment service in Pakistan. This is a major milestone in the Asian nation’s journey to enable greater financial inclusion. Ant Financial is notably the world’s highest-valued Fintech firm,… Read More

February 17, 2020 @ 11:31 am By Omar Faridi  |  

Global money transfer service provider MoneyGram has introduced a new service that lets users send payments in real-time, however, the new platform notably doesn’t involve the company’s business partner Ripple (which acquired $30 million in MoneyGram shares at a high premium last year). MoneyGram’s management… Read More

February 14, 2020 @ 2:46 am By Omar Faridi  |  

Bengalaru-based Innoviti, a payment technology developer, has confirmed that it’s updating its “self-healing” technology, which is supported by dual-SIM cards across retail point-of-sales (PoS) terminals in India.  Innoviti’s latest technology has been developed to de-risk the processing of payments made at PoS terminals that are… Read More

February 13, 2020 @ 1:41 pm By Samantha Hurst  |  

Santander announced on Thursday it has appointed Trish Burgess as its new Head of Peer-to-Peer Payments. Santander reported that the appointment supports the bank’s commitment to providing customers with “best-in-class payment solutions” as part of its digital transformation. According to Santander, Burgess joins the Santander team… Read More

February 12, 2020 @ 8:40 pm By Omar Faridi  |  

Small and medium-sized enterprise (SME) platform Xero has reportedly made a new technology integration with Square’s software in Australia, in order to allow users to make instant payments of small-business invoices. The new feature will allow small and medium-sized businesses (SMBs) using Square’s platform to… Read More

February 12, 2020 @ 9:41 am By Samantha Hurst  |  

Digital payments company Payoneer announced on Wednesday it not only opened a new office Dublin, it has also been authorized as an Electronic Money (e-money) institution by the Central Bank of Ireland (CBI). Payoneer claims its the twelfth company to be granted the license. Founded… Read More

February 11, 2020 @ 2:02 pm By Samantha Hurst  |  

Castlery, a direct to consumer furniture store from Singapore, is now accepting in-person and online payments with payment platform Stripe. According to Stripe, Castlery sold its products online, and soon after ventured into offline retail with physical showrooms. “Handling both online and offline payments was… Read More

February 10, 2020 @ 1:51 am By Omar Faridi  |  

London-headquartered Paysend, an international funds transfer company, has confirmed the launch of its money transfer services in Australia. Paysend’s services can now be used in the $1.3 trillion economy to send funds to companies located abroad. The firm said that China, India, and Vietnam are… Read More

February 9, 2020 @ 10:20 pm By Samantha Hurst  |  

SafetyPay, a U.S.-based digital payments platform, announced last week it has teamed up with financial AI crime platform Feedzai to offer extra protection against fraud risk to its customers. Founded in 2007, SafetyPay notably provides a secure e-payment method that enables cash sales through a… Read More

February 5, 2020 @ 9:05 pm By Omar Faridi  |  

Bank of Maharashtra (BoM), a small public sector Indian bank and lender, reportedly topped the list of all the country’s banking institutions for digital transactions performed in December of last year. This, according to India’s Ministry of Electronics and Information Technology (Meity). Meity data shows… Read More

February 3, 2020 @ 11:00 pm By Omar Faridi  |  

Ajay Banga, CEO at payments giant Mastercard, recently talked about why his company decided to leave the controversial Facebook-led Libra global payments and stablecoin project. Banga claims his firm doesn’t quite understand Libra’s business model. He told the Financial Times: “When you don’t understand how… Read More

February 3, 2020 @ 3:51 pm By Omar Faridi  |  

The fourth quarter of 2019 saw Russia’s citizens perform more digital payments than transacting with cash (for the first time ever), state-owned Sberbank confirmed. Moscow-based Sberbank conducted the market research as part of its SberData initiative, revealing that Russian residents performed 50.4% of total transfers… Read More

February 3, 2020 @ 11:54 am By Samantha Hurst  |  

Worldline, (Euronext: WLN) a European payments and transactional services firm announced on Monday it has acquired French fintech Ingenico for €7.8 billion. The companies reported that their Boards of Directors have unanimously approved a business combination agreement pursuant to which Worldline would launch a tender… Read More

February 3, 2020 @ 10:21 am By Omar Faridi  |  

CIBC’s mobile banking app recently turned 10 years old, notably marking a decade since the institution became the first large Canadian financial institution to provide an innovative mobile banking app to customers. In a February 2 press release, CIBC reflected on the key milestones the… Read More

February 2, 2020 @ 4:43 pm By Omar Faridi  |  

Digital payments and online lending are becoming increasingly popular in Asian countries. According to a new survey, a large number of Asia-based users are conducting internet-based transactions, instead of visiting physical bank locations. The recent survey of Fintech customers by Robocash Group revealed that nearly… Read More

January 31, 2020 @ 10:35 am By Omar Faridi  |  

Denmark-headquartered Pleo, a smart payment card issuer, has confirmed that it’s introducing a new credit card by teaming up with Mastercard and J.P. Morgan, the largest bank in the US. Pleo’s management says that the new product offering is expected to replace the firm’s older… Read More

January 30, 2020 @ 8:29 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has expanded its services to Australia. Klarna mobile app, which will be available on iOS and Android devices, will enable users to shop and pay with Klarna at any online retailer. Klarna also reported that it has… Read More

January 29, 2020 @ 6:56 am By Omar Faridi  |  

India-based Infibeam Avenues Limited, an established online payment solutions and enterprise software solutions developer, recently recorded the highest ever digital payment processing volume of approximately INR 159 billion (appr. $2.23 billion) during a period of significant slowdown in the nation’s economy and also amidst tough… Read More