GoPay App Launches in Indonesia
The standalone GoPay app has officially launched in Indonesia, after being available as part of Gojek and Tokopedia apps
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Italian Antitrust Watchdog Cancels Payment Fees for Small Retail Transactions
In Italy, the antimonopoly regulator has decided to approve a deal that will eliminate commission fees for payments and simplify the penalty mode regarding financial operations with small cards.
Nigeria Adds NFC Function to Boost eNaira Adoption
The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira
Indonesia and India Can Sign Cross-Border Payments Pact
The media reports that India and Indonesia intend to combine their fast payment systems.
Visa & Mastercard Sued by Block in Another Antitrust Lawsuit
Block, the company behind the Square payment platform, alleges Visa and Mastercard conspired to inflate interchange fees
Balance Introduces Surcharge Fee Option for Credit Card Transactions
In the USA, Balance, a company that offers integrated payment solutions to consumers of financial services, announced the launch of a program for charging additional fees.
Revolut Launches in New Zealand
The British financial app Revolut has been launched in New Zealand.
India’s Abound Raises $10 Million to Expand Remittance App
The Indian app Abound, which provides cash refund services and various financial rewards, reported that it managed to raise investment funds in the amount of $10 million.
Mastercard Empowers Consumers to Unsubscribe From Unwanted Services
A new joint solution by Mastercard and Subaio offers a simple, secure way to identify unwanted recurring payments and unsubscribe from them via banks’ trusted apps and online servicing
SmartMetric Launches Biometric Security Solution for Credit and Debit Cards
SmartMetric has developed a solution to ensure the security of credit and debit cards.
Sardine Launches Anti-Fraud Consortium of Financial Institutions and FinTechs
Sardine, a company that specializes in preventing fraudulent activity, has created an independent consortium to combat similar crimes committed in the field of payments.
CaixaBank Launches Virtual Account FX Service
The new FXWallets service by CaixaBank provides business customers with virtual accounts to send and receive international payments in multiple currencies
Finastra Completes FedNow Certification
Finastra has become one of the first vendors in the financial services industry to complete the process of testing and certification for the FedNow – Federal Reserve’s new instant payments service to launch this July
Bitcoin Lightning Payment Operator Launches Remittance From Philippines to US
Pouch.ph, the lightning payment operator in the Philippines, introduced the “Send Globally” feature to facilitate instant, low-cost, and safe money transfers to bank accounts in the United States
Apple Restarts Talks for Apple Pay Launch in India
The media reported that over the past few weeks, Apple has been actively discussing with representatives of the Indian authorities about the start of official negotiations on the launch of the Apple Pay payment service in the South Asian market.
JPMorgan Starts Euro Blockchain Payments for Corporate Clients
JPMorgan Chase & Co. announced the expansion of one of the largest projects in the framework of the implementation of digital technologies, including blockchain, in the field of traditional banking.
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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