Tagged: Payment Cards

Reserve Bank of India Decides to Indefinitely Prevent Mastercard from Providing New Debit, Credit Cards to Locals

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

Credit and Prepaid Card Issuer Cornèr Bank Group Reaches Key Digital Transformation Milestone by Transitioning to Improved Platform

Cornèr Bank Group, an established issuer of credit and prepaid cards to individuals and companies across Europe, has reportedly reached a key milestone in its digital transformation efforts by successfully migrating its card portfolios across all products and markets to an advanced and more consolidated… Read More

Digital Banking: Hong Hong based Mox Bank and Mastercard Unveil Smart New Feature Called “Flip”

Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which allow clients to flip freely between spending via their debit and credit card accounts. Mox… Read More

Finland’s Enfuce Partners Visa to Offer Payment Cards Solution Program for European Fintech Firms

Finland-based Enfuce is teaming up with Visa in order to introduce a fast-track, 8-week program for European Fintech firms. The program should help companies with launching their own payment cards. Under the new program, Fintech firms can provide their clients with physical and virtual payment… Read More

Payments Processing Fintech Marqeta Files Paperwork to Go Public

During the past 10 years, there’s been a significant increase in technology-focused firms that have attempted to disrupt traditional sectors. New initiatives such as payments firm Square (NYSE: SQ) grocery delivery service Instacart, and Uber Technologies (NYSE: UBER) are just some of the companies that… Read More

Pakistani Fintech SadaPay Shares How they Creatively Designed Payment Cards, Company Appoints New Head of Legal

Pakistani online payments Fintech SadaPay notes that it’s been well over three months now since they began rolling out their numberless debit cards. The SadaPay team points out that the designs “perfectly” fit their vertical debit cards. The company’s management noted that they wanted to… Read More

Fintech Unicorn TransferWise’s Erik Kaju Reveals how Company Began Developing its Global Debit Card

Erik Kaju, Director of Engineering, Cards and Spend at Fintech firm TransferWise, notes that after the introduction of the money transfer service’s debit Mastercard back in 2018, they’ve taken the card to more than 30 countries on four different continents. TransferWise claims that more than… Read More

Digital Banking: Monzo USA Personalized Digital Payments Cards Have Arrived

Digital bank Monzo, which recently scored an additional £60 million investment, has revealed that personalized cards have now arrived for US customers. The Monzo team notes in a blog published on December 16, 2020, that they’re pleased to announce that they’ve introduced their newly designed,… Read More

UK Fintech Modulr Introduces Card Issuing API, Customers are Now Able to Manage All Payments Needs from One Platform

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has introduced physical cards that are now available via its platform. The Modulr team noted: “Following popular demand, we have launched a card-issuing API, completing an end-to-end, one-stop solution for an entire card… Read More

Melbourne based Fintech Archa, which Provides Business Credit Cards, was Granted Prinicipal Issuing Membership by Mastercard

Melbourne-based Archa, a company providing a corporate credit card that’s “built around your business, keeping you in control,” has revealed that it was granted principal issuing membership of Mastercard. The Archa team notes: “This is a significant, mission-critical milestone for us as we continue to… Read More

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

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

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

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

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

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

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

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

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

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

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

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