British Retail Consortium Accuses Mastercard and Visa of Charging Excessive Fees during COVID-19 Pandemic

October 20, 2020 @ 7:25 am By Omar Faridi |

Visa and Mastercard are being accused of charging “excessive” fees during the COVID-19 crisis. British retail groups are claiming that the scheme fees being charged by the payment companies have nearly doubled during the past 2 years. Retail groups in the UK have noted that… Read More

Samsung Partners with Visa, Solarisbank to Provide Virtual Debit Cards that May be Linked to German Bank Accounts

September 30, 2020 @ 9:33 pm By Omar Faridi |

Electronics giant Samsung has teamed up with Visa and Solarisbank, a German banking platform, in order to allow residents in Germany to link their accounts to contactless mobile payments services. Customers who sign up for Samsung Pay will get a virtual Visa debit card that… Read More

Payments Platform Nium Teams Up with Neobank Aspire to Enable Google Pay

September 26, 2020 @ 9:40 am By Omar Faridi |

Singapore-based payments platform Nium has partnered with Aspire, a neobank for businesses, in order to enable payments with Google Pay. Aspire claims that it’s the first business neobank to launch in Southeast Asia. The company announced its plans to go “plastic-less” by issuing corporate Visa… Read More

Binance Visa Cards Are Now Being Offered in Europe with Up to 8% Cashback

September 21, 2020 @ 8:35 pm By Omar Faridi |

Binance, the world’s largest cryptocurrency exchange, will be offering Visa Cards in Europe. They will allow users to earn up to 8% cashback. The exchange said that Binance Visa Cardholders will be able to get highly competitive cashback rates, but it’s only offered to consumers… Read More

Majority of Pakistani Consumers to Make Digital Payments for Online Purchases, Instead of Visiting Physical Stores, Even After COVID: Survey

September 19, 2020 @ 3:10 pm By Omar Faridi |

Visa (NYSE: V), the global leader in digital payments, recently published the results of its survey which aimed to assess the impact of COVID-19 on consumer behavior in Pakistan. Visa’s Stay Secure survey reveals Pakistani consumers’ general views about conducting digital transactions, their preferences and… Read More

Fintech and Digital Solutions Provider Thales to Assist Commercial Bank of Kuwait with Offering Secure Contactless Payments

September 4, 2020 @ 7:17 pm By Omar Faridi |

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

UAE Fintech NymCard Granted In-Principle Approval to Hold, Transfer Customer Funds, while Issuing Payment Cards

August 17, 2020 @ 6:08 pm By Omar Faridi |

Abu Dhabi based NymCard, a card issuing and processing platform, has reportedly been granted “in-principle” approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. The Fintech firm aims to assist financial service providers including banks, and other financial technology companies… Read More

Binance is Reportedly Planning to Acquire Crypto Startup Swipe.io to Offer Branded Payment Cards

June 30, 2020 @ 1:35 pm By Omar Faridi |

Binance is reportedly preparing to enter a deal that involves acquiring a majority stake in Swipe.io, a platform for buying, selling and spending cryptocurrencies like Bitcoin (BTC), Ether (ETH), and others via the multi-asset Swipe Wallet and Swipe Visa Debit Card. If the deal goes… Read More

Sweden-based Banking Challenger Rocker Chooses Finnish Fintech Enfuce as Official Card Issuing and Payment Processing Partner

May 8, 2020 @ 7:46 am By Omar Faridi |

Sweden-based banking challenger Rocker has reportedly chosen Enfuce, a Finland-headquartered Fintech firm, as its official card issuing and payment processing partner. The move should streamline processes involving the issuance of Visa prepaid cards. The news has come after Rocker (previously operating as Bynk) introduced a… Read More

Google Might be Planning to Compete with Apple by Launching its Own Branded Virtual and Physical Debit Cards

April 18, 2020 @ 11:38 am By Omar Faridi |

Google is reportedly planning to compete with Apple by introducing its own branded payments card. According to TechCrunch, the Silicon Valley-based multinational corporation is in the process of creating both virtual and physical debit cards. These new payment cards will be co-branded with financial services… Read More

UK Fintech STICPAY Introduces Prepaid STIC Card for its Digital Wallet Platform

April 14, 2020 @ 7:26 am By Omar Faridi |

UK-based Fintech firm STICPAY has launched a prepaid STIC card for its digital wallet solution. The new payment option will allow users to make withdrawals and spend their funds through the STIC card. The Fintech firm noted that all STIC cards have a base currency,… Read More

Chinese Payments Giant Alipay Launches New Prepaid Card Service for International Visitors

November 7, 2019 @ 4:21 am By Omar Faridi |

Hangzhou-based Alipay, a company that provides a mobile and online payments platform, has introduced a new prepaid card service for people visiting China. The card is reportedly supported by the Bank of Shanghai. The company’s announcement noted: “We heard you. You want to use Alipay… Read More