Tagged: mobile payments

French Mobile Payments Firm Lydia Selects Tink as its Open Banking Partner

French Paytech firm Lydia has teamed up with Tink in order to enable Open Banking connectivity. Lydia’s mobile payment app will be using Tink’s open banking tech to access PSD2 APIs across Europe. Tink and Lydia will be working cooperatively to improve bank account connectivity… Read More

UK Fintech JudoPay Partners Mastercard to Support Adoption of Touch-Free or Contactless Payments

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

Over 75% of Malaysian Businesses are Now Using Fintech Products, including Mobile Payments, Digital Wallets: Survey

More than 75% of Malaysia based businesses are now using at least one Fintech-related product or service since the past year, according to a recent survey released by CPA Australia, an established accounting firm. Mobile payments and digital or online wallets are the most widely-used… Read More

Majority of Singapore based Businesses Believe Fintech Adoption Is Necessary when Improving Operational Efficiency: Survey

More Singapore based companies and businesses are expected to use the latest Fintech platforms and services in the coming year. Firms operating in the Asian country aim to streamline their business by adopting the latest digital technologies, according to a report from CPA Australia, a… Read More

South Korean City of Seongnam to Expand Blockchain based Contactless Payments Platform by Introducing Digital Gift Certificates

The South Korean city of Seongnam is reportedly planning to expand its blockchain or distributed ledger tech (DLT)-enabled payment platform by introducing digital gift certificates. The city’s DLT based payments platform will be accessible via a mobile app, called Chak. The app has been developed… Read More

Poland’s mPay Partners with iDenfy to use its Biometric Facial Recognition Software to Complete KYC Checks Needed for Mobile Payments

Poland’s mPay has teamed up with iDenfy to use its biometric facial recognition software, (selfie) liveness detection, and ID verification tech, in order to take care of its Know Your Customer (KYC) compliance checks for processing mobile payments. The mPay app allows users to conduct… Read More

Apple has Reportedy Acquired Mobeewave, which Transforms iPhones into Mobile or Digital Payment Terminals

Apple Inc.(NASDAQ: AAPL) has reportedly acquired Mobeewave Inc., a company with technology that aims to transform iPhones into mobile or digital payment terminals, according to sources familiar with the matter. Mobeewave’s technology allows consumers to simply tap their credit card or mobile phone on another… Read More

Fintech has Emerged as a “Game Changer” during COVID-19 for Consumers in the Philippines, Traditional Businesses Must Catch Up, Industry Exec Argues

Ney Villasenor, the VP and chief corporate affairs officer at GCash, a Fintech company that facilitates fast and secure mobile payments, has noted that there’s no doubt that COVID-19 has made Fintech services essential for people residing in the Philippines. Villasenor pointed out that cash… Read More

Credit Suisse Adds Google Pay to Mobile Payment Offering

  Credit Suisse announced on Monday it is expanding its mobile payment options for credit card clients by offering Google Pay. Credit Suisse reported that from mid-August 2020, credit card clients in Switzerland will be able to use Google Pay in addition to existing mobile… Read More

Supply Chains in Qatar are Being Digitized to Support Globalization and Fintech Adoption in the “New Normal” after COVID-19, Dr. Deep Dattay Ray Explains

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

Ezra, a Project that Supports Global Aid Initiatives via its Partner Network through Fintech and Emerging Tech, has Launched

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

Jay Nair: Senior VP at Infosys Explains how Financial Services Providers are Adopting Digital Transformation Strategies Due to COVID-19

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

George Whitridge from ARK Invest Discusses Key Fintech Developments in Real Estate, Mobile Payments, and ETFs

George Whitridge, an analyst at ARK Invest, said during a recently held webcast, called The Future of Finance: How Fintech Could Disrupt Everything, that the future of finance will increasingly involve digital transactions and lending. He noted that back in 2005, there were around 7… Read More

Digital Transformation: Australia Might Be On Track to Become a Cashless Economy like Sweden due to COVID-19

Bank branches and ATMs might continue to disappear across Australia as the COVID-19 outbreak is expected to accelerate the shift towards a cashless economy. Local news outlet 7NEWS Sydney reports that the use of cash has been reduced by over 50% due to the Coronavirus… Read More

SIX Swiss Exchange listed Indonesian Fintech Achiko to Move to Switzerland to Offer Payments Services to European Markets

Switzerland listed Fintech firm Achiko is reportedly planning to offer payment services to European businesses. Based in Indonesia, the company is now moving to Switzerland after its shareholders supported the decision during a recent meeting. Established in 2018, the Jakarta-headquartered company currently offers payment services… Read More

UK Fintech StorkCard, which Helps Parents Manage Child Care Costs, Now Supports Apple and Google Pay

Bruce Pannaman, co-founder at StorkCard, a London-based financial services firm that says it’s pioneering “life-stage finance” and transforming the “relationship that parents have with money,” revealed that lockdowns imposed due to COVID-19 have “accelerated trends” around mobile payments.  Pannaman noted: “It’s estimated that over 30%… Read More

Overseas Expansion Is Logical Step for Alipay as China’s Fintech Sector Continues to Expand Presence in Asia, McKinsey & Co Partner Says

The rise of Chinese Fintech firms as major industry participants across Asia is playing a vital role in transforming the region’s financial services ecosystem. Joe Ngai, partner at consultants McKinsey & Co, confirmed: “Chinese Fintech companies have been expanding overseas.”  In 2016, Ant Financial, the… Read More

Dubai’s Tpay Mobile Acquires Payguru, a Turkish Payments Company that Supports Mobile Transactions

Dubai-based Tpay Mobile, a mobile payment provider, has reportedly acquired Payguru, a Turkish payments company. The amount paid for the acquisition has not been disclosed. Payguru supports mobile payments, ATM cash payments, and standard bank transfer services. The company has integrated its platform with three… Read More

Mobile Payments Platform KogoPay Signs MoU With Singapore Fintech Lightnet

KogoPAY, a UK-based mobile payments platform, announced on Wednesday it has signed a Memorandum of Understanding (MoU) with Singapore-based fintech Lightnet.  KogoPay reported that the MoU, which involves investment in KogoPAY UAB in return for shared operations in electronic banking, will provide both companies with… Read More

Igal Rotem: Founder of Fintech Credorax Discusses Business Continuity Plans During COVID-19 Crisis

The economic downturn due to the Coronavirus (COVID-19) has led to small businesses re-evaluating their operations and business plans, in order to survive during these challenging times. Fintech firms and digital banks have been forced to lay off their employees as they try to cut… Read More

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