Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.
Customers at the checkout-free concept Aldi store in London can now simply tap their contactless payment card or mobile phone at a barrier to enter the store.
To support healthcare providers and insurance companies in dealing with claim approvals and payouts, Mastercard is introducing a medical claim payment solution in partnership with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform.
Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.
Digital Onboarding has announced that it has managed to raise funds for $58 million from the investment firm Volition Capital to realize the intention to expand its digital interaction platform for banks and credit unions.
Billink, a Buy Now, Pay Later (BNPL) service provider, has announced that it has managed to raise $32 million in investment funds.
According to the vision of the Bank of England, super-powerful quantum computers can become a catalyst for significant innovations in financial markets.
Google Pay announced the beginning of cooperation with the Indian mobile payment system, in the space of which transactions worth several billion dollars are generated monthly.
In today’s digitalized world, accepting payments in various currencies on a website is a standard expectation for every merchant. However, the true battleground for payment conversion and client satisfaction lies in seamless transaction processing, as a smooth checkout experience motivates customers to return for future purchases.
Student loan debt in the US has more than doubled over the past two decades. Although ranking second to mortgages, federal student loans exceeded $1.6 trillion in March 2023. The total amount reached over $1.7 trillion when factoring in private student loans.
Artificial intelligence is slowly but steadily penetrating into every sphere of business activities and consumer services. It seems that AI is the future of automation technology in finance as well. Consumer lending is one of the banking segments that can reap most of the benefits of AI automation.
British asset and wealth management software provider Zilo has announced that it has managed to raise 25 million pounds in a Series A funding round.
Nigeria is one of the most underestimated destinations for global investors. With its young tech-savvy population and a new wave of reforms, Nigeria presents plenty of opportunities in mobile banking, data usage and consumer goods segments.
The choice of a payment gateway can significantly impact the success of a business. In Uganda, a diverse range of payment gateways caters to different business needs, each offering unique features and benefits.
Neobanks are transforming the financial services industry by expanding banking solutions and driving innovation. Underserved businesses usually pay a lot of bank fees or are even pushed out of banking services, which is not acceptable.
Mastercard specialists are currently working on creating an artificial intelligence tool designed for use by small business owners.
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