Santander Bank Partners With DailyPay to Offer On-Demand Pay
Santander Bank N.A. announced the beginning of a partnership with DailyPay, thanks to which the clients of this financial institution will have access to the on-demand payment service.
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Transflo and Comdata Boost the Fright Industry With App-Based Fuel Payment Solution
The amalgamation of Transflo’s mobile app technology for the transportation sector and Comdata’s virtual card capabilities created a new fuel payment solution addressing long-standing issues in the freight industry
Network International in Talks Over £2 Billion Bid
Network International, which is based in Dubai, is currently in talks with a consortium led by CVC Capital Partners to buy the company for 2 billion pounds.
Yonder Secures £62.5 Million in Series A Funding
Startup Yonder, which specializes in issuing Rewards credit cards, has secured equity of 12.5 million pounds and a credit line of 50 million pounds to expand operations.
UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
Lloyds Bank Launches PayMe for Instant B2B Payouts
Lloyds Bank has announced the launch of a new service through which businesses can make one-time payments in cases where there is no information about the details of the recipient.
First Islamic Bank Goes Live on UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data
Worldline and SignCatch Launch Merchant Digitization Program in India
The media reported that Worldline and SignCatch have established a partnership relationship.
How Charities Are Utilising Blockchain Payments
Leanne Holder, CEO of Giving To Services Blockchain technology has the potential to revolutionise many industries, including the world of charitable giving. Charities are starting to explore the use of blockchain payments to streamline their donation processes, increase transparency and accountability, and reduce the fees associated with traditional payment methods. In this blog post, we […]
Alacriti and Socure Team to Prevent Payment ID Fraud
Payment fintech Alacriti announced the beginning of cooperation with Socure to prevent fraudulent activity committed during instant payments and using personal data.
Stripe Offers Affirm’s Adaptive Checkout to Canadian Users
Stripe payment company and the Buy Now, Pay Later (BNPL) Affirm service provider have expanded the scope of cooperation.
Amazon Expands Palm Scan Payments in Bid for Grocery Shopper Loyalty
Amazon is adding pay-by-palm and smart carts to an increasing number of grocery stores.
FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques
Chargebacks911, a company that specializes in helping consumers mitigate the effects of chargebacks, was sued by the Federal Trade Commission (FTC) and Florida.
Mastercard Presents Cross-Border Services Express
A new tool by Mastercard helps financial institutions seamlessly set up cross-border payments for their customers across 100 markets covering 90% of the world’s population
UK Payments Startup Ryft Wins FCA Licence
Ryft, a UK-based startup that aims to replicate the success of Stripe, has announced that it has received an FCA license.
Visa+: The New Interoperable P2P Payments System Launches
Visa has partnered with a number of payment firms, including PayPal and Western Union, to let their customers transfer money between different P2P payment apps
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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