Swiss National Bank and SIX Roll Out Instant Payments Solution
The Swiss National Bank and SIX Interbank Clearing announced the launch of a new solution for instant payments.
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Skyfire Launches AI Agents for Autonomous Payments
The system offered by Skyfire combines the benefits of AI-powered virtual assistance with autonomous payments on the customer’s behalf.
Payment Orchestration 101: What Is It and Why Do Businesses Need It?
The modern fintech world requires companies to constantly adapt to shifts and regulations. When it comes to online pay, businesses may face difficulties. That is the reason why the companies choose payment orchestration, which has gained momentum recently.
Airtel Payments Bank Launches Biometric Verification Solution to Protect Accounts
Airtel Payments Bank, which is based in India, announced the launch of a new security solution called Face Match.
Leading Smart Wearable Companies in India
The smart wearable market of India is the second-largest in the world after China. Notably, most of the smartwatches and other wearable devices sold in India are produced locally. This way, along with the local branches of globally known technology producers, India hosts a range of indigenous smart wearable startups and scaleups.
Amazon and Santander Launch Amazon Visa Credit Card in Germany
Amazon Visa enables customers in Germany to earn rewards while shopping online and offline and redeem collected points at the Amazon.de website.
Stripe Buys Lemon Squeezy
Stripe has acquired Lemon Squeezy, a payment processing startup.
One-Fourth of UK Payments are Contactless
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
Brazil’s Central Bank Delays Launch of Recurring Payments Feature
The Central Bank of Brazil has decided to postpone the launch of the recurring payments feature to be added to the instant payment transaction system called Pix.
FinTech Tapi Raises $22 Million
The Tapi payment system, which is based in Argentina, has raised new financing for $22 million.
Mastercard and Network International Roll Out Business Payment Solutions in UAE
Network International presented new solutions for business transactions in the United Arab Emirates (UAE).
Ecommpay to Enable Recurring PayPal Payments
Ecommpay merchants will now be able to collect recurring PayPal payments from customers in addition to leveraging subscription card payments and direct debit options which were added earlier.
Open Banking Expo UK & Europe
If Open Banking, Open Finance, Smart Data, or Open Banking payments is your thing, Open Banking Expo is the must-attend event of 2024. The event SOLD OUT in 2023 and returns this year with an expanded exhibition hall and two co-located shows!
MultiSafepay Integrates With Antom by Ant International
As a wholly-owned subsidiary of Ant International, MultiSafepay will integrate with Antom to promote accessible payment solutions and digitalization services to SMEs across Europe.
RBI Joins Project Nexus for Seamless Cross-Border Payments
RBI joins BIS cross-border payment initiative Project Nexus to facilitate instantaneous retail payments among ASEAN countries.
Embedded Finance Trends to Watch in 2024
The global market for embedded finance is growing explosively, presenting numerous opportunities for industry players. At the same time, new technologies and market trends continuously change the embedded finance landscape. Here’s what you should know to navigate through the ever-evolving sector in 2024.
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.
