In the bustling marketplaces and sprawling urban centers of Egypt, payment gateways, which serve as secure intermediaries for online transactions between companies and their customers, have become an indispensable tool. Their vital role is primarily due to their inherent ability to deter fraudulent activities and ensure that transactions are conducted smoothly and efficiently.
Standard Chartered has entered into a partnership agreement with Visa to facilitate the procedure for making B2B payments for corporate clients of a financial institution.
Square has announced the expansion of offline payments for all hardware devices in each country.
With online betting sites seeing more and more members coming on board, especially in the last few years since COVID, there has been an increased potential for profits.
Sheeva.AI has announced that its in-vehicle payment technology is now available in Citroën cars in India.
The company eSIM Go has added Western Union digital wallets to its mobile data service.
The new Mastercard report focuses on key trends and opportunities to digitize remittance transfers in Latin America and the Caribbean where cross-border money transfers grow by 10% annually.
Before 2012, Nigeria saw a heavy reliance on cash transactions due to limited access to ATMs and intricate traditional banking systems. This led the Central Bank of Nigeria to introduce the cashless policy and led to the creation of the NIP in 2011.
Mastercard announced the scaling of its solutions designed for international payment transactions.
British neobank Revolut has rolled out an iPad POS application for the hospitality industry which combines payment processing with analytics.
Despite the ban placed on Paytm Bank, One97 Communications, the parent firm of Paytm, received approval to become a third-party service provider on the country’s Unified Payments Interface (UPI) infrastructure.
The Baanx company, which specializes in cryptocurrency payments, raised financing for $20 million.
Visa and Western Union have entered into a new agreement in the sphere of cross-border payment transactions.
The Indian e-commerce marketplace Flipkart has launched a Unified Payments Interface (UPI) to expand its digital payment transaction offerings by adding an instant financial operations system popular in the South Asian country with an appropriate functional purpose.
JPMorgan has become a principal member of the French payment network Cartes Bancaires CB.
Payments get easier every day. As we dive into the exciting world of payment innovations, we will focus our attention on the ever-evolving landscape of contactless payments. One bright example of innovative biometric payments is the Palm Payments system currently tested by WeChat in China.
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