Western Union’s Branded Digital Transactions Rise
The results of Western Union’s operations in the fourth quarter of 2023 indicate an increase in the popularity of using digital channels in the sphere of financial services.
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B2B Payments to Reach $124 Trillion Globally by 2028
A new study from Juniper Research, revealed that the value of B2B payments will grow 40% by 2028, up from $89 trillion in 2024, largely due to digital payment adoption in developing markets.
PayTabs Partners With Nearpay for SoftPOS Improvement
PayTabs and Nearpay aim to offer customers across Jordan and other regional markets an enhanced SoftPOS payment experience.
E-Wallets are Changing Our Spending Habits
In our age of technological marvels, let’s talk about something that’s revolutionising the way we handle our finances. Yes, we are going to speak about digital wallets. We’ve all heard of PayPal, Skrill, Neteller, and those sleek mobile wallets that are changing the game.
Visa and Transak to Enable Crypto-to-Fiat Withdrawals
Cooperation between the Visa payment network and Web3 infrastructure provider Transak will facilitate crypto-to-fiat withdrawals without centralised exchanges involved.
Payment methods on the Internet: Which payment methods are secure?
There are many different ways to pay online. Consumers should be aware that there are secure and less secure payment methods. Consumers can be guided by the principle: “First the goods, then the money”.
FreedomPay Expands to Spain After Redsys Certification
FreedomPay has reached an important milestone of getting integrated certification from Redsys, a Spanish payments processing provider, which enables the company to offer its commerce platform to Spanish merchants.
Razorpay POS Offers Instant Refunds for Failed UPI Transactions
Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.
B2B Provider Mondu Raises $33 Million
B2B payment solution provider Mondu has announced that it has raised additional financing for 30 million euros ($33 million).
Mastercard to Ease Adoption of Biometric Authentication
Mastercard announced the launch of the Mastercard Biometric Authentication Service, a solution designed to enhance security and provide maximum convenience for consumers.
Mastercard Extends RTP Partnership With The Clearing House
The extended multi-year partnership prolongs Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling partners to integrate new instant payment use cases.
Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
Nuvei Partners With Adobe to Enhance eCommerce Payments
Canadian fintech company Nuvei has announced the launch of a new global partnership with Adobe to improve the payment transaction process in the sphere of e-commerce.
South African Fintech Ukheshe Acquires EFTCorp
Ukheshe International, a South African fintech enablement partner and EFT Corporation (EFTCorp) will continue to operate as separate entities and maintain their respective brand identities after the acquisition.
Challenges to Fintech Development in Nigeria
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.
Aldi Introduces App-Free Payments at Checkout-Free Store
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.
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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