GenWise Teams Up With Axis Bank to Bring UPI Payments to Senior Citizens in India
GenWise aims to empower India’s elderly population with the speed and convenience of UPI digital payments in its app-based online club for senior citizens.
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Ecobank & Nium to Unlock Real-Time Cross-Border Payments for African Markets
Collaboration with Nium will allow Ecobank’s 32 million customers to access faster and more efficient international transactions without complex integrations.
Share Energy Customers Can Top Up Energy Bills at PayPoint
Northern Ireland electricity supplier Share Energy partnered with PayPoint – a business offering a system for paying energy bills at local convenience stores.
Mastercard Allies With Buna Cross-Border Arab Payment System
Mastercard has joined Buna, the Arab Regional Payment System, to enable faster, more affordable cross-border payments in and out of the MENA region.
Klarna Collaborates With John Lewis & Partners
Klarna has partnered with John Lewis & Partners to offer its “Pay in 3” BNPL service, allowing customers to spread payments over 60 days with no interest accrued.
Mastercard Pay Local to Enable Card-Based Payments Via Local Digital Wallets
Mastercard Pay Local extends digital payment access to over 35 million merchants in Asia Pacific and other regions, enhancing payment options for both local consumers and international travellers.
Marqeta CEO Says About Future of Analog Payments
The Marqeta platform, which carries out card issuance activities, last Monday, November 4, as part of the earnings call for the third quarter of 2024, announced information about its plans, including those related to upcoming cooperation and the launch with VisaFlex Credential this week.
JPMorgan Payments Partners With Checkbook
The Checkbook digital payments platform has joined the JPMorgan Payments Partner Network.
Mastercard and NatWest Launch Virtual Card Payment Tool for Businesses
Mastercard and NatWest have joined forces to launch a mobile virtual card payment tool.
Affirm Rolls Out BNPL Services in UK
Flexible payment network Affirm introduced its BNPL services to customers in the UK marking its first European expansion.
Huawei Integrates Chinese CBDC Into HarmonyOS NEXT
Huawei is embedding Chinese CBDC, digital yuan, directly into its HarmonyOS NEXT operating system, potentially reaching up to a billion users.
Klarna and Zoom Launch Flexible Payments in 16 Markets
Klarna and Zoom have launched flexible payment options for Zoom Workplace subscriptions to make digital collaboration more accessible.
Worldpay to Offer Klarna as Default Payment Option
Klarna will become a default payment method for Worldpay’s global merchant network, expanding customer access to Klarna’s flexible payment services directly through Worldpay’s platform.
Visa Direct to Enable Real-Time Account Funding for Coinbase Customers
Coinbase integration of Visa Direct real-time payment service allows eligible Visa debit cardholders to instantly deposit funds into their Coinbase accounts, enhancing the speed and flexibility of transactions.
Why Are Crypto Payments So Rare in E-Commerce?
Statistics say private cryptocurrencies and stablecoins were used for less than 0.2% of global e-commerce transaction value in 2022. At the same time, global cryptocurrency ownership rates have been steadily increasing for the past few years. Besides, the growing number of merchants are adding crypto to acceptable payment methods. Something just doesn’t add up. What […]
Getnet Launches Single Entry Point for Payments in Latin America
Getnet has launched a regional e-commerce solution that provides a single entry point (SEP) for payment transactions in countries such as Chile, Brazil, Mexico, and Argentina.
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.
