Paysend Partners JMMB Money Transfer for Jamaica Remittances
The citizens of Jamaica can now receive remittances from the UK, USA, and Canada via the Paysend App, as the company partners with JMMB Group subsidiary
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BNY Mellon and Fiserv Partner on Real-Time FX Rate Quotes
The partnership between Fiserv and BNY Mellon brings US financial institutions one step closer to fast and easy cross-border transactions
US Biggest Banks Teams Up to Take On Apple and PayPal
The largest US banks are joining forces to create a digital wallet.
Web3 Social Wallet Tribes Launches
Tribes, a Web3 messaging and group wallet app, launched after receiving $3.3 million a pre-seed funding round.
B2B BNPL Playter Launches Credit Solution Paid
The UK-based provider of B2B Buy-Now-Pay-Later (BNPL) services Playter now allows suppliers to offer out BNPL payment plans to their customers
InsurTech Insured.io Introduces Payment Center
A new payment processing feature, Payment Center, will allow insured.io to customise automatic payments
Binance SWIFT Banking Partner to Ban USD Transfers Below $100K
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
Universal Digital Payments Network Launches at Davos
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
Marqeta Builds Product for Mobile Wallets
The card issuance and processing platform with an open API Marqeta presented a product for providing services via web push, which helps merchants accept payments from mobile wallets.
PayJunction Announces Integration With Plaid
PayJunction, a leading developer of payment processing technology, has announced integration with Plaid, a network that provides a digital financial ecosystem to simplify bank payments.
New Technologies to Secure Authorized Payments, Zelle Scams
Authorized payments are one of the favorite targets for fraudsters, according to Aite-Novarica Group, they account for two out of five cases of fraud and losses for financial institutions.
First UAE Fintech to Launch India UPI Payment Integration
Last week, India decided to open its Unified Payments Interface (UPI) payment gateway for NRIS (non-resident Indians).
Payments Platform Sprinque Raises €6 Million
The Dutch B2B payment platform Sprinque has attracted initial financing in the amount of 6 million euros.
Alibaba Sells Stake in Paytm
Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.
China’s Official Wallet App Launches Offline Payments
The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.
TikTok ByteDance Launches Payments With J.P. Morgan
J.P. Morgan works with TikTok’s parent company ByteDance on payment technology.
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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