Tagged: digital transactions

January 28, 2022 @ 7:10 pm By Omar Faridi  |  

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) announced on January 27, 2022 that they’ve launched a cross-border QR payment linkage. It will “enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.” Via this linkage, consumers in both nations will be able to… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 9:08 am By Omar Faridi  |  

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

January 27, 2022 @ 10:01 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) has reportedly decided to backtrack on its initial plans to stop accepting Visa credit cards in the United Kingdom. The digital commerce company had been expected to stop UK consumers from using their Visa-issued credit cards for purchases via its platform, effective… Read More

January 26, 2022 @ 4:18 pm By Omar Faridi  |  

Silicon Valley Fintech Unicorn Brex and 1Password have teamed up to make online payments secure and a lot less frictionless. As mentioned in the announcement, 1Password clients may now use Brex virtual credit cards to “check out online with just two clicks.” Brex is a… Read More

January 26, 2022 @ 2:36 am By Omar Faridi  |  

Around 500,000 new merchants across the MENA region will soon be able to take advantage of seamless and convenient virtual payment acceptance via Network International’s Tap on Phone tech, which enables smartphones to serve as payment terminals. The project represents a key milestone between Mastercard… Read More

January 26, 2022 @ 1:31 am By Omar Faridi  |  

BR-DGE, the payment orchestration provider, has announced “major” growth plans for 2022, following a “substantial” follow on investment from existing shareholders in Q3 2021. Led by Brian Coburn, BR-DGE’s platform aims to streamline online payments for merchants by providing a range of payment options through… Read More

January 25, 2022 @ 3:12 pm By Omar Faridi  |  

SoftPOS is an app created by Nexi, which is one of Europe’s Paytech firms operating in high growth markets and technologically-advanced economies. SoftPOS has been introduced for the business customers of UniCredit Bank. With SoftPOS, users are able to provide the option of card payment… Read More

January 25, 2022 @ 8:11 am By Omar Faridi  |  

Digipost, one of Norway’s largest digital mailbox providers, has reportedly chosen the Neonomics unified API platform in order to support the introduction of account-to-account payments to its 2,7 million clients. Digipost is one of the most actively used digital invoicing services in the Nordic region…. Read More

January 23, 2022 @ 8:50 pm By Omar Faridi  |  

Indian Fintech firm Paytm reveals that it’s growing rapidly and so is the cloud infrastructure. The main reason for choosing cloud computing and processing is its ability to scale in and scale out according to changing requirements. As explained by Paytm in a blog post,… Read More

January 18, 2022 @ 11:09 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has introduced a service that allows international payment firms to support various transactions in the Philippines. As mentioned in an update shared with CI, the Philippines has a fast-growing international trade market. Global trade in goods has has… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 17, 2022 @ 5:18 pm By Omar Faridi  |  

Freedom, work satisfaction and flexibility are a few of the key reasons that small business owners “take the leap” to pursue their vision, according to an update from Visa (NYSE: V). Rachelle Gonzalez, Founder of Taco Shelly’s in Bethlehem, PA, had reached a key point… Read More

January 17, 2022 @ 4:10 pm By Omar Faridi  |  

The team at Mastercard (NYSE: MA) notes that for most or many of us, returns are “a necessary evil” following the holiday shopping season. For example, that sweater that Mom gave you might be two sizes too small. But for some consumers, returns are just “another… Read More

January 17, 2022 @ 8:52 am By Omar Faridi  |  

The term “gray market” might conjure up images of “nefarious” actors exchanging cash in “shadowy alleys,” the team at American Fintech Ripple writes in a blog post. In reality, however, gray markets have become an “unfortunate necessity” for those entities that may lack the financial… Read More

January 14, 2022 @ 8:08 am By Omar Faridi  |  

Software is “changing the world,” according to an update from UK Fintech Modulr. Modulr writes in a blog post that thanks to Cloud computing and the rise of SaaS (Software as a Service), businesses are now “powered by virtual services rather than having to invest… Read More

January 11, 2022 @ 10:10 pm By Omar Faridi  |  

The team at Pine Labs, a digital payments firm that confidentially filed for a $500 million IPO at valuation of around $7 billion, notes that online payment methods in India have been “around for a while now and with their rising popularity, they are here… Read More

January 11, 2022 @ 10:02 pm By Omar Faridi  |  

The team at Paysend notes that “remittance” is defined (according to Merriam Webster) as a transmittal of money to a distant place such as another country. As noted in an update from Paysend, this transmission of money may be done via traditional money management methods like… Read More

January 11, 2022 @ 12:37 am By Omar Faridi  |  

Remitly, a payments company that leverages digital channels, including mobile phones, to send money internationally, has explained how you can send funds securely to Thailand. Remitly writes in a blog post that if you’re looking for a safe way to send funds to Thailand, then… Read More