Tagged: online wallets

UAE’s Ministry of Finance Partners with Local Banks to Offer Digital and Contactless Payments for Settling Government Service Fees

The UAE’s Ministry of Finance will be working with the First Abu Dhabi Bank (FAB) in order to launch electronic or digital Dirham contactless payments cards for settling governmental service charges. The eDirham has been set up as a system of digital channels that are… Read More

Digital Wallet Provider EasyPaisa Partners Fintech Firm PayFast to Accelerate Virtual Payments Adoption in Pakistan

Easypaisa, a leading digital wallet provider in Pakistan, has partnered with Fintech firm PayFast, in order to accelerate the adoption of digital payments in the country. Through the partnership, Easypaisa digital wallet users will be able to make online payments using PayFast’s local payment gateway…. Read More

Malaysian Fintech Valyou Introduces Blockchain based Remittance Service for Bangladeshi Workers Sending Money Back Home

Malaysia-based Fintech Valyou, a digital remittance payments service provider, has introduced a blockchain-enabled remittance solution in Bangladesh through a partnership with Standard Chartered and bKash, a mobile financial service provider. The distributed ledger tech (DLT)-powered platform will enable instant money transfers from Malaysia to Bangladesh…. Read More

Delivery Hero, a MENA Region Online Delivery Service, Partners Mastercard to Digitize Entire Payments Process

Delivery Hero, a Berlin-based online delivery platform operating in the Middle East, has teamed up with Mastercard in order to digitize its entire payment process across all its products offered to MENA region customers. Delivery Hero app users will have the option to pay for… 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

Over 240 Fintech Firms Operating in Indonesia, a Leading Southeast Asian and Global Economy: Report

Indonesia, which has one of the largest economies in Southeast Asia and also ranked high globally, has emerged as a fast-growing Fintech hub. It’s estimated that in the next five years, digital financial services revenues in Indonesia will reach $8.6 billion, meaning they’re increasing at… Read More

Indonesian Digital Wallet Providers GOPAY, Dana, LinkAja, OVO Ranked the Highest with the Most Active Users: Report

Local service providers continue to dominate the digital or e-wallet market in Indonesia, according to a recent report. iPrice Group recently teamed up with App Annie, an app market data and insight firm, to provide the latest developments related to digital wallets in Indonesia (during… Read More

Cairo Fintech Paymob Allows SMEs to Launch E-Commerce Sites, Add Online Payments via Digital and Offline Channels

Cairo-headquartered payment company, Paymob has acquired $3.5 million in capital through an investment round that was led by Dubai’s Global Ventures and the Dutch Entrepreneurial Development Bank FMO. Existing investor A15 also took part in the round. Established in 2015 by Islam Shawky, Alain El… Read More

Fintech Adoption in India will Lead to More Contactless and Digital Payments, but Cybersecurity Risks Must be Addressed, Industry Exec Says

China and India had the highest Fintech adoption rate (at 87%) out of all emerging markets, as of March 2020, according to a Research and Markets report. The Fintech sector has been expanding during COVID-19 because more consumers and businesses are conducting transactions online. Many… Read More

Singapore Fintech Fincy Receives $11 Million Investment from GBCI Ventures, a Private Equity Firm

Singapore-based GBCI Ventures, a venture capital and private equity firm, has made a strategic $11 million investment in Fintech startup Fincy. The company is also in the process of finalizing external funding. The Fincy team describes their platform as a multi-purpose solution providing digital and… Read More

The French Competition Authority has Released a Consultation Paper, Seeking Feedback on Fintech, Blockchain, and Digital Asset Regulations

The French competition authority (ADC) has launched a public consultation on the Fintech industry in the country. The ADC is looking for feedback on the potential role of large digital platforms in the payments sector. It’s also seeking input regarding  new payment service providers and… Read More

Brazil’s Largest Retailer Via Varejo Acquires Boston-based Fintech AirFox for Undisclosed Amount

Via Varejo, the largest retail company in Brazil, has confirmed that it will be acquiring AirFox, a US-based Fintech firm. The amount involved in the transaction has not been disclosed. AirFox will maintain its Boston head offices and will also operate as a Fintech “innovation… Read More

Digital Transformation Report: US Consumers were Already Shifting to Mobile, Online, Contactless Payments Before COVID-19

The COVID-19 outbreak has led to significant changes in consumer behavior globally as many people throughout the world are now working remotely from home. Analysts are now questioning whether the behavioral changes are actually permanent or fundamental shifts that will last even after the Coronavirus… Read More

Brazilian Digital Wallet PicPay Surpasses 20 Million Downloads Sooner than Expected Due to COVID-19

Brazil-based online wallet provider PicPay recently revealed that it has surpassed 20 million clients as of May 2020. As reported by Reuters, the company said that it achieved the milestone sooner than it had initially expected. PicPay was aiming to hit the goal by December… Read More

Google Removes 22 Malicious Chrome Browser Extensions Impersonating Widely-Used Cryptocurrency Wallet Providers like Trezor, Ledger, MetaMask

Search engine giant Google (NASDAQ:GOOG) has reportedly removed several Chrome browser extensions that were impersonating widely-used cryptocurrency wallet service providers, including popular hardware wallet maker Ledger and MetaMask. This update has come about a month after Google removed around 50 similar extensions, according to a recent… Read More

Fintech: The Gulf Cooperation Council (GCC) Region May Experience Significant Increase in the Use of Financial Technology Platforms Due to COVID-19

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

Uruguay-based Fintech dLocal Adds Google Pay as a New Payment Option

Uruguay-based dLocal, a Fintech firm focused on facilitating international transactions, has reportedly added Google Pay as one of its local payment options. As mentioned on dLocal’s official website: “dLocal [aims] to close the payments innovation gap that exists between developed countries and emerging economies. We… Read More

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