Revolut Launches in New Zealand
The British financial app Revolut has been launched in New Zealand.
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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.
Singapore Fines Firms Over Wirecard Payments Scandal
In Singapore, the local financial regulator has decided to impose a penalty in the form of a fine against four companies that are involved in the scandal related to the Wirecard payment firm.
Alipay and Mastercard Offer Cashless Payments to International Travelers to China
Alipay and Mastercard announced the beginning of cooperation to create a new payment method for foreign tourists visiting China.
PayEm Integrates Spend Management and Procurement Platform With American Express
PayEm has announced that it has integrated its global cost management and procurement platform with American Express.
Modulr Expands Embedded Payments Offerings to France and Spain
Modulr has expanded the geography of the application of its offer for instant payments.
Digital Yuan Now Available as a Payment Option in Qingdao Metro
China’s digital yuan central bank digital currency (CBDC) can be used for fare payments even if the passenger’s mobile phone has no signal or is out of battery
Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Fintech company Jack Henry has launched a fraud prevention feature based on artificial intelligence in real-time.
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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