payments - page 33

Finance & Economics

India’s Central Bank Abandons UPI Rival Project

The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up

News

Curve Brings Wearable Payments to EU With Tappy Tech

The customers of the digital wallet Curve in 31 European countries will enjoy a new level of convenience and flexibility with wearable payments powered by Tappy Technologies

News

Soft Space Raises Largest Series B by Malaysian Startup

The Malaysian company SoftPOS Soft Space has attracted investment funds in the amount of $ 31.5 million following the results of the Series B1 financing round.

Fintech & Ecommerce

PayPal Partners Live Nation Entertainment to Provide Flexible Payments for Fans

PayPal announced a multi-year strategic partnership with the global entertainment company Live Nation Entertainment, becoming the preferred payments partner

News

Stripe Confident in Web Economy Despite Significant Slowing

The Stripe payment company processed transactions totaling more than $817 billion in 2022.

Fintech & Ecommerce

South Africa’s Peach Payments Raises $31 Million

The South African company Peach Payments, which specializes in providing financial services in the field of online payments, announced the receipt of additional funding in the amount of $ 31 million from Apis Growth Fund II.

Finance & Economics

Lloyds Bank to Move Trade Finance Documentation to Blockchain

Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients

News

Austria Launches Multi-Modal Mobile Fare Payments

SimplyGo! service allows all citizens of Austria to make contactless fare payments for both single and multi-modal journeys with just two swipes on their smartphone screen

News

Grubhub Offers Campus Card Payments in Bid for Student Loyalty

Grubhub is actively implementing new payment solutions to ensure the security of college students’ expenses.

Fintech & Ecommerce

Visa Competes to Acquire Banking and Payments Platform Pismo

Visa is interested in purchasing the Pismo cloud banking and payment platform.

News

JP Morgan Pilots Biometric Payments With US Merchants

JP Morgan plans to implement a plan to introduce biometric payments as part of a partnership with retailers in the United States.

Finance & Economics

Panera Bread Pilots Palm Reading Tech by Amazon

Fast food network Panera Bread is introducing the Amazon One palm reading technology to enable seamless payments and access to the loyalty program

News

UAE and India to Test Cross-Border CBDC Use

The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)

News

Two Raises $19.4 Million for Global B2B Payments Solution

Two announced the attraction of investment funds for 18 million euros (about $ 19.4 million).

News

Qolo and PayQuicker Team Up

Qolo, a leading operator of omnichannel payments and card issuance, announced the beginning of cooperation with PayQuicker, a leader in financial technology in the global payment systems market.

News

Payments Canada, AusPayNet and EBA Clearing Complete ISO 20022 Сutover

EBA Clearing, AusPayNet, and Payments Canada have transformed their payment systems to adapt to the new ISO 20022 data exchange format.

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.