EBL Launches Biometric Metal Card
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
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5 Common Mistakes to Avoid When Choosing an Online Payment Processor
Every eCommerce business needs to find the right payment processing partner to enable smooth financial transactions with customers. This decision carries great weight – choose wisely, and your payment processor will seamlessly keep the business flowing for years to come.
Walmart Upgrades Self-Checkout With BNPL from Affirm
Affirm’s flexible pay-over-time BNPL options are now available in self-checkout kiosks at over 4,500 Walmart stores in the United States.
UnionPay International Partners With Trip.com
UnionPay International (UPI) has established a partnership with Trip.com, a global virtual travel agency.
PayPal and SAP to Simplify Digital Payments for Businesses
PayPal and SAP have announced the launch of advanced integration.
GBank to Expand Gaming Solutions With BankCard Services
GBank Financial Holdings and BankCard Services (BCS) have announced that they have managed to reach a final merger agreement.
ConnexPay Adds Acquiring in Canadian Dollars to Its Virtual Card Offering
The ConnexPay payment platform has announced the addition of acquiring in Canadian dollars to its offer for issuing digital cards.
UK Regulator Proposes Cap on Mastercard, Visa Interchange Fees
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
Fintech Funding Accelerates in Jordan
Fintech funding in Jordan attracted US$26 million between 2018 and 2022, becoming one of the top investment targets.
SumUp Raises $300M in Growth Funding
British fintech startup SumUp has raised a fresh funding round that brings the company valuation close to $8.6 billion.
JPMorgan Payments Processes Record Number of Operations in Europe
JPMorgan Payments processed a record number of financial card transactions in Europe last Black Friday and Cyber Monday.
Škoda Launches Pay to Fuel Service
Drivers of Škoda ICE vehicles in select European countries are now able to pay for fuel via their in-car dashboard touchscreen using the Pay to Fuel service.
Payment Ring Users Won’t Replace It With Another Payment Method
Nine in ten European payment ring users prefer this payment method to all others, according to a recent survey.
Chinese Borrowers Reportedly Face Ban on Mobile Payments
Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.
How Deepfake Scams Affect the Payment Industry and What Can Be Done
Deepfake imposters are increasingly targeting unsuspecting victims, raising alarm among all payment industry players. How do you protect your organisation and clients from highly realistic online masks and voices generated by computer technology?
Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical
A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.
Payments are the transfer of money between two parties in exchange for goods, services, or to settle obligations. They can be made through various online and offline methods like cash, cards, bank transfers, mobile wallets, or digital currencies.
Payments are foundational to the fintech industry. They represent the most frequent and essential financial interaction between individuals, businesses, and institutions. In fintech, innovations in payments focus on making transactions faster, affordable, more secure, and inclusive.
These money transfers are often the entry point for broader digital financial services, such as lending, insurance, or investment, and play a key role in driving financial inclusion and global commerce.
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