UK Open Banking Users Swell to 7 Million
In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.
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Ethiopia Considering Opening Mobile Money Market to Foreign Operators
A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.
Barclays Reveals Contactless Payments Trends
New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022
Amazon and Google Get Payments Clearance in India
Google and Amazon have received permission to expand the scope of their online payment systems in India.
India & Singapore to Officially Link Payment Systems
Central bank institutions of Singapore and India will link their real-time payment systems next week to enhance cross-border payment connectivity
Shift Raises A$27 Million
Shift, a provider of credit and payment platforms for Australian businesses, has attracted investments in the amount of AUD$27 million following the results of the Series C financing round.
Apexx Global to Offer Trustly’s Recurring Payments Method to Merchants
APEXX Global, a platform for organizing payments, announced the beginning of cooperation with Trustly, a global payment platform for digital transactions between accounts (A2A).
UK Fintech Investment Declines 56% in 2022
UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year
Visa Partners With Tingo Mobile to Expand Digital Payment Channels Across Africa
Visa partnered with local agri-fintech Tingo Mobile to improve access to digital payments and financial services and drive financial inclusion across Africa
Westpac Adds BNPL Functionality to Credit Cards
Westpac is giving credit card owners the opportunity to pay off their bills in four monthly BNPL instalments
Visa Partners With Wirex to Issue Crypto Debit Cards
The partnership will expand to the U.K. and the APAC.
Bitcoin supporting payments – clarify the statement!
Cryptocurrencies like bitcoins have made their home in people’s hearts by providing them with the safest means of making money. Moreover, people look over the high fluctuations of bitcoin prices because of the profits it can provide to them. Therefore, even though the risky investment of bitcoin is not so suitable for making trades every […]
Apple Pay Set to Launch in South Korea
In the coming months, Apple Pay will be launched in South Korea with the support of Hyundai Card.
Paysend Partners Purpl for Lebanon Money Transfers
The partnership between UK-based fintech Paysend and Lebanese remittance platform Purpl can increase financial inclusion by making international money transfers affordable and convenient
Open Banking Payment Transactions to Surpass $330B Globally by 2027: Research
The simplicity of utilisation and emerging use cases will predictably drive the open banking growth, helping unlock its full potential
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.
