payments - page 24

Fintech & Ecommerce

Ant Group Partners PayNet for Cross-Border Digital Payments

Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia

Finance & Economics

Cost of Living Payments: Explained

Starting October 31, 2023, select UK households began to receive £300 cost of living payments. Here’s a detailed explanation of who can expect a second round of government support and when the money arrives in your bank account.

Fintech & Ecommerce

Two-Thirds of Businesses to Use Fewer PSPs

The new report shows that businesses worldwide are planning to cut their supplier list, with using fewer payment service providers (PSPs) considered to be the main way to reduce operational costs.

Fintech & Ecommerce

Why Is the US Slow to Adopt Instant Payments?

One of the most progressive countries in the world, the US, oddly is lagging behind emerging economies when it comes to payment innovations. As the whole world is rushing to satisfy the public demand for real-time payments, the USA is taking its time to implement instant money transfers into the national financial system. Why is […]

News

SEPA to Migrate to ISO 20022 Next March

Sepa Credit Transfer, Sepa Instant Credit Transfer, Sepa Direct Debit Core, and SDD Business-to-Business are postponed to migrate to ISO 20022 in March 2024, instead of this November.

Fintech & Ecommerce

U.S. Bank Launches Avvance Installment Payment Tool

U.S. Bank announced the launch of a tool, the use of which provides businesses with the opportunity to offer consumer financing at points of sale.

News

Mastercard and Remitly Integrate Solutions to Expand Remittance Access

With the new integration of Send and Cross-Border Services by Mastercard, the Remitly platform will offer its customers more choices in remittance methods.

Fintech & Ecommerce

BNP Paribas and 321founded Present Payment Management Tool

The French banking group BNP Paribas has created a fintech company that is focused on European e-commerce players.

Fintech & Ecommerce

Aani Instant Payments Platform Launches in UAE

Aani, an instant payments platform, aims to transform the landscape of digital payments in the UAE, ushering in a new era of seamless, secure, and instant digital payments.

News

Ferrari to Sell Cars for Crypto in US

US citizens will soon be able to buy luxury Ferrari vehicles with crypto. Europe is next in line.

News

Lloyds Launches New Merchant Tools

British Lloyds Bank announced the expansion of cooperation with the FreedomPay commerce platform, which is focused on the consumer.

Fintech & Ecommerce

5 Common Misconceptions About Payment Software Development

In the rapidly evolving landscape of the fintech industry, payment software development stands as a cornerstone of innovation. How businesses handle transactions, manage financial data, and ensure secure payments profoundly impacts their growth and competitiveness.

Fintech & Ecommerce

Swedish FinTech Brite Payments Raises $60 Million

The Swedish fintech company Brite Payments announced that it managed to raise investment funds in the amount of $60 million.

News

UBank and Aeropay to Provide Financial Services for Gaming Industry

The financial institution UBank, which is based in Texas and focuses on the community, and Aeropay, a payment technology company, announced the conclusion of a strategic cooperation agreement.

News

Citi Launches BNPL Option for Costco Anywhere Visa Cardmembers

Citi announced that Visa Costco Anywhere cardholders now have access to the Citi Flex Pay Buy Now, Pay Later (BNPL) option.

News

Visa Partners With ABHI and YellowPepper

Visa announced the establishment of partnerships with ABHI and YellowPepper in order to scale the implementation of payments from account to account (A2A).

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.