payments - page 37

Fintech & Ecommerce

Worldline Launches Voice Alert Box to Boost Financial Inclusion in India

Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity

Fintech & Ecommerce

Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit

A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.

Blockchain & Crypto

Swiss Bankers Association Considers Joint Deposit Token

The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token

News

Walmart Invests $200 Million in PhonePe

PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.

News

Xapo Bank Integrates With UK Faster Payments

Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).

News

FCA Takes Aim at Payment Firms Over Unacceptable Risks

The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.

Fintech & Ecommerce

Flutterwave Expands Services in Rwanda

Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens

News

Phos Integrates QR Digital Wallets

SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers

News

FedNow Instant Payment System to Launch in July

The U.S. Federal Reserve has confirmed its long-awaited instant payments system FedNow, seen as an alternative to CBDCs and stablecoin payments, will launch in July

News

BNP Paribas Moves Into B2B BNPL

BNP Paribas is switching to the Buy Now, Pay Later B2B platform.

News

South Africa to Roll Out Payshap

In South Africa, the process of introducing Payshap, an inexpensive real-time interbank digital payment service, has started.

News

Tabit and Lenovo Join Efforts to Offer B2B BNPL in Canada

Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration

News

Italy Sees the Fastest Growth of In-Store Mobile and Wearable Transactions

In-store mobile and wearable transaction values in Italy rose by 122% in 2022 to hit $17.5 billion

News

JPMorgan Funds Metaverse Payments Platform Tilia

A payment platform for metaverse economies Tilia has secured a total of $22 million in funding from JPMorgan and Seoul-based fintech Dunamu to scale and provide KYC-compliant micropayments

Finance & Economics

Dubai’s Astra Tech Forms Partnership With Mastercard

Fintech company Astra Tech, which is based in Dubai, announced that as a result of a partnership with Mastercard, it managed to expand its payment ecosystem.

Finance & Economics

Apexx Global Scores $25 Million Series B

The investment management platform Apexx Global announced the receipt of additional financing in the amount of $25 million.

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.