Tagged: online payments

March 28, 2021 @ 8:25 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, announced on Friday (March 26, 2021) that it has started working on a separate set of guidelines for virtual banks which will focus on “regional regulatory trends,” according to a report from local sources. As… Read More

March 24, 2021 @ 11:20 pm By Omar Faridi  |  

Dr. Saeeda Jaffar, Board Member, Managing Director and Head of Middle East at Alvarez & Marsal, notes that research performed by Checkout.com at the end of last year suggested that digital commerce and the digital payment sectors in the Middle East region were “set for… Read More

March 24, 2021 @ 9:36 am By Samantha Hurst  |  

      Digital payments platform Wirex announced on Wednesday it is temporarily pausing to recruit new UK customers. According to Wirex, the temporary pause follows constructive dialogue with UK regulator, the Financial Conduct Authority (FCA). Wirex further revealed that as part of the pause, it… Read More

March 23, 2021 @ 7:59 am By Omar Faridi  |  

Credorax, a “smart” payments provider and “fully-licensed” bank offering cross-border processing for digital commerce and omni-channel payments, notes in a blog post that local payment methods (LPMs), also called alternative payment methods (APMs), are now “disrupting cards’ long-held dominance over the payment landscape.” Maya Shilo-Feldman… Read More

March 23, 2021 @ 1:11 am By Omar Faridi  |  

Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

March 21, 2021 @ 9:45 pm By Samantha Hurst  |  

Zip, an Australia-based buy now pay later (BNPL) platform, announced over the weekend its plans to expand into contactless payments. Zip describes itself as an interest-free payment solution for everyday spending. “With Zip, it’s win-win. Customers love the freedom and flexibility we offer them. Our retail… Read More

March 20, 2021 @ 10:25 pm By Omar Faridi  |  

The team at SadaPay, a Pakistan-based online payments provider, notes that when products are developed with technology at the “core of the value proposition,” the customer interactions “tend to be digital as well.” As mentioned in a blog post by the Fintech firm, the human… Read More

March 20, 2021 @ 3:45 pm By Omar Faridi  |  

Mastercard (NYSE:MA) reveals that February 2021 was yet another huge month for digital commerce, which increased 54.7% year-over-year (YOY). Mastercard pointed out that despite the “inclement weather” felt across many parts of the country this past month, US retail sales (excluding automotive and gasoline) surged… Read More

March 20, 2021 @ 1:57 pm By Omar Faridi  |  

Visa confirms that a year into the Coronavirus pandemic, digital payments continue to “keep money moving.” The company’s latest report reveals that consumer behavior is changing how businesses sell or market their products in a post-COVID environment. Visa notes that due to the COVID outbreak,… Read More

March 18, 2021 @ 9:43 am By Samantha Hurst  |  

Integrated payments platform Paysafe announced on Thursday its Board of Directors, effective at the closing of the business combination transaction with special purpose acquisition company, Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS). Paysafe recently announced its plans to become a public company through… Read More

March 17, 2021 @ 6:23 pm By Omar Faridi  |  

The “humble” QR code has now emerged from last year as a “versatile” tool for providing an overall improved customer experience (CX). At restaurants, for example, customers are “loving” this contactless option so they safely view menus, order, and make virtual payments with a “snap… Read More

March 14, 2021 @ 9:53 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

March 10, 2021 @ 9:18 pm By Omar Faridi  |  

Deepu K Sasidharan, Developer Advocate at payments platform Adyen (AMS:ADYEN), notes that the Payment Request API and the Payment Handler API are new W3C web standards that aim to make the payments process easier on websites. Sasidharan explains that these new standards aim to provide… Read More

March 10, 2021 @ 7:19 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

March 4, 2021 @ 11:05 pm By Omar Faridi  |  

The Philippines’ Securities and Exchange Commission (SEC) has introduced its online payment system for firms so they can easily pay their registration fees. The new SEC Payment Portal is a web-based system that can accept payment for registrations, transaction fees, and penalties by simply using… Read More

March 2, 2021 @ 10:56 pm By Omar Faridi  |  

The Coronavirus outbreak has led to a dramatic surge in demand for contactless payments options, which has accelerated the ongoing shift from cash transactions to safer digital payment methods. Jodie Kelley, CEO at Electronic Transactions Association, has noted that during the past 6 to 8… Read More

March 2, 2021 @ 12:35 am By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that during times like these, it can be challenging to find the “headspace” to map out business growth plans. Adyen also mentioned that it can be difficult to know where exactly to start. The Fintech firm  thinks that what we… Read More

March 1, 2021 @ 10:38 am By Samantha Hurst  |  

  Integrated payments platform Paysafe announced on Monday it has expanded its partnership with North American online rent payment platform RentMoola. According to Paysafe, the partnership will allow  RentMoola to add Paysafecash eCash alternative payment method to better serve U.S. tenants whose payment preference is… Read More

February 23, 2021 @ 10:58 pm By Omar Faridi  |  

Digital banking platform Revolut confirms that it recently “simplified” online payments via the launch of Payment Links to Revolut Business clients. The Fintech Unicorn has made other updates so it’s even easier to accept virtual payments “straight away” with QR codes. For those not completely… Read More

February 23, 2021 @ 2:02 pm By Samantha Hurst  |  

Skrill, an online payments platform, announced on Tuesday its withdrawal feature is now live in European Economic Area (EEA) countries. As previously reported, Skrill provides digital payment solutions to consumers and businesses around the world. The company is headquartered in the UK and has offices… Read More