Tagged: virtual payments

Indian Fintech Paytm Explains How National Electronic Funds Transfer Aims to Promote Digital Transactions

NEFT or National Electronics Funds Transfer is a facility provided (in India) by nearly all the local banking institutions. As explained in a blog post by Fintech firm Paytm, NEFT is among the most preferred methods of making money transfers in India. Via NEFT, users… Read More

One Inc, a Digital Payments Network for Insurance Sector, to Issue Claims via Mastercard Virtual Cards

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

Cashless Transactions Increase to $3.62B in Bahrain During H1 2021: Report

The total number of point-of-sale (POS) and digital commerce transactions in Bahrain increased by 65% in August 2021 YoY, reaching an aggregate value of almost $744 million during the month, after topping $3.62 billion during H1 2021, the Central Bank of Bahrain has revealed. According… Read More

Global Payments Fintech Ecommpay Introduces Payment Tech for Travel Industry

Ecommpay, a global payments solution provider and direct bank card acquirer, reveals that it has introduced Timeline, its payment tech designed specifically for the travel sector. As first reported by Finextra, the ready-to-go service can settle payments immediately. It may be integrated via the fully… Read More

Indian Digital Payments Fintech PhonePe Introduces PhonePe Pulse, an Interactive Data, Insights Portal

India-based PhonePe, a leading Fintech platform that now claims 300 millions users, reveals that it has introduced PhonePe Pulse, which is an interactive website with data, insights and key trends on virtual payments. The PhonePe Pulse website reportedly features millions of transactions made by clients on… Read More

Indian Digital Payments Fintech PhonePe Now Claims 300 Million Users Just 5 Years After Launch

Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More

Chase and Visa to Allow Riders to Tap on MTA Subways with Contactless Cards to Donate to Non-Profits

Chase (NYSE: JPM) and Visa (NYSE: V) have revealed that beginning on August 30, 2021, and through September, whenever riders tap on MTA subways or buses with their Chase Visa contactless cards, they’ll be donating $0.10 per tap, up to $250,000, to domestic non-profit New… Read More

Pakistani Online Payments Fintech SadaPay Explains how to Use their Virtual Debit Card

The team at SadaPay, a Pakistani online payments Fintech, notes that one of the things they felt was “lacking” in the nation’s financial landscape was a “fantastic” virtual debit card. As mentioned in a blog post by SadaPay, there are some virtual cards currently available,… Read More

Neobanking Fintech Razorpay Partners Shiprocket to Provide Comprehensive Digital Commerce Solutions in India

Neobanking Fintech Razorpay has teamed up with Shiprocket in order to provide end-to-end digital commerce solutions in India. As noted in the update from Razorpay, e-commerce has changed the “way we live, shop, and do business.” And, virtual payments have served as a catalyst in… Read More

UK’s Digital Bank Starling Explains How to Securely Send High-Value Payments through their App

Making a high value payment should not feel like a chore or arduous task, according to UK-based digital bank Starling. The Fintech firm writes in a blog post that it should be fairly straightforward and secure, which is exactly what the company aims to offer…. Read More

InComm Payments Partners doxo to Enable US Consumers to Pay Bills with Cash at 60,000+ Retail Outlets

InComm Payments, a payments tech firm, and doxo, the largest bill pay directory in the US, have joined forces to allow doxo users to pay household bills with cash at 60,000+ retail locations throughout the US. The Federal Reserve Bank of Atlanta reveals that a… Read More

Singapore Cross-Border Payments Fintech Thunes Partners Bank Alfalah to Enable Remittances to Pakistan

Singapore-based Thunes, a Fintech firm and an industry leader in global cross-border payments, reveals that it has teamed up with Bank Alfalah, which is one of Pakistan’s largest banking institutions. Through the partnership, the organizations aim to support real-time, cost-effective international  payments made to consumers… Read More

Digital Payments: Pakistan’s JS Bank and NayaPay to Support Seamless Online Transactions

Pakistan’s JS Bank and NayaPay have entered an agreement in order to support and enhance virtual payments in the country. Through their partnership, JS Bank and NayaPay will allow their clients to link their JS Bank account or JCash wallet to their NayaPay wallets for… Read More

Payments Company Paysafe Enters Agreement to Acquire German Fintech viafintech

Paysafe (NYSE:PSFE), a specialized payments platform, reveals that it has entered a definitive agreement to acquire German Fintech firm, viafintech, in an “all-cash transaction.” viafintech, known under the brands of Barzahlen/viacash and viacash, provides the largest, “bank independent,” payments infrastructure in the DACH region, “allowing… Read More

London Fintech SumUp Teams Up with National Garden Scheme to Lead Digitalization of Charitable Donations

London-based Fintech firm SumUp has teamed up with the National Garden Scheme in order to lead the digitalization of charity by enabling “seamless” charitable donations via its card-reading tech, at an event supported by Dame Mary Berry, President of the National Garden Scheme, at Chilworth… Read More

Payments Council of India Welcomes RBI’s Move to Permit Approved Non Bank Payment Providers to Participate in Centralized Payment Systems

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

Zelle Network Processed $120B in Payments via 436 Million Transactions during Q2 2021: Report

Early Warning Services, LLC, the network operator behind Zelle, has shared its Q2 2021 transaction results, which include signed financial institutions representing over 500 million DDA accounts. During Q2 2021, the Zelle Network handled $120 billion on 436 million transactions. YoY sent payment values “increased… Read More

Payfare, a Fintech Powering Instant Payout and Digital Banking for Contractors, Issued Visa Ready Certification

Payfare Inc. (TSX: PAY), a Fintech that’s powering instant payout and digital banking services for contract workers, reveals that it has been issued a Visa Ready certification via the Visa Ready for Fintech Enablers program. The Visa Ready Fintech Enablement program offers partners such as… Read More

Southeast Asia Super App GrabPay Extends Partnership with Fintech Adyen to Enable Flexible Payment Options

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

UK Fintech Modulr Secures Visa Ready Certification, which Helps Clients Access Seamless Digital Payments Solutions

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

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