Revolut Launches Point of Sale iPad App
British neobank Revolut has rolled out an iPad POS application for the hospitality industry which combines payment processing with analytics.
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Paytm to Be Third-Party UPI Provider
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.
Baanx Raises $20 Million
The Baanx company, which specializes in cryptocurrency payments, raised financing for $20 million.
Visa and Western Union Form New Cross-Border Payment Agreement
Visa and Western Union have entered into a new agreement in the sphere of cross-border payment transactions.
Flipkart to Allow Transactions With UPI Instant Payments System
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 to Cooperate With Cartes Bancaires CB
JPMorgan has become a principal member of the French payment network Cartes Bancaires CB.
WeChat Palm Payments in a Nutshell
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.
The Future is Now: 5 Reasons Why Your Business Needs a Virtual Payment Terminal
Forget clunky cash registers and limited payment options. The future of accepting payments for your small business is sleek, adaptable, and accessible from anywhere in the world.
SumUp Reportedly Aims to Raise $1.1 Billion to Refinance Debt
The media reports that the SumUp payment company, which is based in London, intends to raise €1 billion ($1.1 billion) from private creditors.
Top Financial Scams in India
Financial fraud is the major type of cybercrime in India. The value of online financial frauds rose twofold last year, highlighting the lack of coordination between different local regulatory bodies on tackling cyber financial scams. Here are the most outrageous scam cases that recently occurred in India.
AI and Fintech in Healthcare Financing
Healthcare expenses contribute to a large share of many households’ as well as state budgets. Financing healthcare service needs may be often challenging. However, innovative fintech solutions and artificial intelligence (AI) might make this task a bit easier.
Akurateco Achieves Prestigious Google Pay Certification, Spearheading Enhanced Payment Solutions
Akurateco, a trailblazer in global white-label payment software solutions headquartered in Europe, proudly announces its recent attainment of certification as a participating processor for Google Pay.
Brazil Stark Bank Doubles Profit
Stark Bank, one of the few startups from Latin America that received funding from Jeff Bezos’ family office, is currently recording profits as part of its activities to assist companies in handling payment transactions.
Payment Service Provider Bold Raises $50 Million
The fintech company Bold, which is based in Colombia, reported that it managed to raise investment funds for $50 million.
Lawyer Payment Methods: What to Offer at Your Law Firm?
Being a great law firm is not just about winning the cases and guaranteeing your client’s success. It’s also about offering a convenient and smooth customer experience through payment methods.
Pros and Cons of Accepting Crypto Payments in 2024
Over the last several years, the rise in popularity of cryptocurrencies has undoubtedly transformed the ways we think about money and transactions. For business enterprises, the decision to accept cryptocurrency payments is not one to be taken lightly, requiring careful thought rather than diving in blindly.
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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