payments - page 38

News

US Department of Agriculture to put State Benefits on Mobile Phones in Five States

The U.S. Department of Agriculture (USDA) will provide citizens eligible for financial support under the Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri, and Oklahoma with the opportunity to receive benefits and make payments via NFC or QR code for relevant purchases on a mobile device.

News

Numeral Launches in UK to Help Fintechs Access EU Markets

The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.

Finance & Economics

Krungthai Bank Deploys Visa B2B Connect in Thailand

Krungthai Bank (KTB) and Visa announced the conclusion of a partnership agreement to provide enterprises operating in Thailand with the opportunity to make cross-border corporate payments under a simplified procedure.

News

Pocketbook and Bond Help Small Businesses Deploy Digital Wallets

Pocketbook and Bond announced the beginning of cooperation, the purpose of which is to provide small and medium-sized businesses with the opportunity to introduce digital wallets.

Blockchain & Crypto

Xeni and BitPay to Enable Crypto Payments in Travel

Through the partnership with Bitcoin payments company Bitpay, Xeni enables its customers to accept crypto payments for commercial flights, hotels, car rentals, and other travel activities

News

Swift to Develop CBDC Connector

After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures

Blockchain & Crypto

WeChat Adds CBDC to Payment Platform

China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)

News

Candidly Raises $20.5 Million for Student Debt and Savings Optimization

Candidly reported that it managed to attract investment funds in the amount of $ 20.5 million following the results of the Series B financing round.

News

German VC Firm La Famiglia Raises $264 Million

The venture capital company La Famiglia, which is based in Berlin, announced the attraction of investment funds in the amount of $ 264 million.

News

Transact Campus Partners With Amazon to Introduce Unmanned Stores on Campuses

Fintech provider Transact Campus integrated its payment solutions with Just Walk Out technology by Amazon to deploy self-service stores on and off college campuses

Fintech & Ecommerce

Mashreq and i2c Partner to Aid Fintech Payments in UAE

Mashreq and i2c announced the beginning of cooperation, within the framework of which the companies will present digital payment solutions in the financial services market of the United Arab Emirates (UAE).

News

GIACT and Mastercard Team to Provide Secure Account Verification

Mastercard and GIACT announced the beginning of cooperation in order to provide customers with a secure account verification procedure.

News

Weavr Acquires Comma to Combine Embedded and Open Banking

Weavr, a London-based startup that provides companies with the opportunity to implement banking services and payments into mobile applications or SaaS platforms, has acquired the open banking platform B2B Comma Payments.

News

Nationwide Overhauls Payment Processing With Accenture and Form3

Nationwide Building Society has partnered with Accenture and A2A platform provider Form3 to transform its digital payments infrastructure through the introduction of a cloud platform.

Science & Technology

Cilab’s New Feature Lets Engineers Visualize NFC Terminal RF Field

NFC testing company Cilab has improved its high-speed tester with a new feature that enables NFC terminal manufacturers to test a device’s RF field by making it visible

Finance & Economics

Varo Bank Raising $50 Million at 28% Discount

Varo, an American neobank with the charter of the national bank, reported a capital raising of $50 million at a discount of 28% compared to its last estimate.

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.