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.
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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.
BigCommerce Partners Vyne for A2A Payments
Vyne and BigCommerce partnered to enable e-commerce merchants to improve their sales in a cost-effective way
Delhi Buses to Get Contactless Ticketing
The Department of Transport of the Government of the Indian District of Delhi announced a tender for the development and implementation of a digital ticket sales system in buses.
ATM Withdrawals Up First in Decade
Nationwide Building Society has recorded ATM withdrawals climb for the first time in 13 years as UK citizens try to minimize their spending by budgeting with cash
Türkiye Expands Contactless Fare Payments to 40 More Provinces
The fare payments system that allows making contactless fare payments without a ticket or local transport pass will soon roll out in 40 more provinces of Türkiye
BR-DGE Announces Three-Year Partnership with Visa
Through the partnership, BR-DGE will gain access to open network provided by Visa, expanding the scope of its digital commerce products
IDEX Biometrics Launches Second Biometric Payment Card Program in Turkey
IDEX Biometrics is accelerating the expansion of biometric payment cards in Turkey with a second regional bank
60% of Card Payments in Europe are Contactless
European Central Bank (ECB) has conducted “Study on the payment attitudes of consumers in the euro area (SPACE) 2022”, revealing the growth of contactless card payments in the EU
Revelator and Stripe to Develop NFT Payment Infrastructure
Revelator announced the beginning of a collaboration with Stripe to allow customers to use a credit card to purchase digital collectibles directly from artists.
Nebeus Crypto App Issues Its Debit Card
Nebeus, a financial app for crypto-holders, announced the launch of its first VISA-supported card.
Demographics Determine Payment Preferences
The European Central Bank found out that the demographic factor determines consumers’ payment preferences.
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.
