Category: Paytech

July 17, 2024

Developed by JKB, eliWallet offers both virtual and physical cards for multicurrency transactions. It also offers a timely method of payment for customers, enabling them to carry out transactions more easily, whether in-store, using the app, or shopping online. The […]

July 10, 2024

Overall, around 66 per cent of travel companies are seeing profit impacted by payment systems, and nine in 10 plan to prioritise modernising their financial operations this year. The new report reveals the travel industry is also being challenged by shifting […]

July 9, 2024

The Switzerland-headquartered company is set to integrate Volante’s Payments-as-a-Service (PaaS) tech into its core banking infrastructure to help ensure compliance with the European Commission’s incoming SEPA instant payments mandate. The cloud-native, API-driven solution allows for real-time payment processing with transaction confirmation […]

July 5, 2024

The Reserve Bank of India (RBI) has joined Project Nexus, an international initiative to enable instant cross-border retail payments by interlinking domestic FPS. RBI has been collaborating bilaterally with various countries to link India’s Fast Payments System (FPS) — the Unified Payments Interface […]

July 1, 2024

The system is facilitated by K-Net, which operates as a national payment gateway under the supervision of the CBK. Writing on LinkedIn, Tariq Alusaimi, head of digital strategy and planning at the CBK, says the system is set to provide […]

June 24, 2024

Bitcoin adoption is on the rise, which means an increasing number of people also want to spend their digital currency. That’s why accepting Bitcoin payments is becoming an incredibly interesting prospect for online retailers, especially those who have customers from […]

June 12, 2024

This feature enables users to send and receive Apple Cash by holding two iPhone devices together, eliminating the need to share phone numbers. Whether paying back a friend for dinner or making a purchase at a garage sale, Apple says […]

June 7, 2024

UAE-based retail company Majid Al Futtaim has partnered with Checkout.com to offer ecommerce customers secure one-click checkout experiences. The collaboration will provide Majid Al Futtaim’s customers with a unified payment platform for accessing fashion, home, retail, beauty brands, entertainment, and […]

June 4, 2024

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in […]

May 29, 2024

DNA Payments has integrated the suite of cross-border mobile payment and digitalisation tech solutions operated by Ant Solutions into its point-of-service (POS) terminals to accept more direct payments. This will greatly improve successful payment transactions with global tourists, especially those […]

May 28, 2024

After enabling customers in the UK and most European countries (EEA) to send money to Bangladesh (bKash) and Kenya (M-Pesa), now Revolut boosts its portfolio with payment corridors between Europe and Africa (Airtel, Orange Money, MTN). Customers can send money […]

May 21, 2024

The report reveals that over the past five years, scheme and processing fees have surged by more than 30 per cent in real terms, without corresponding improvements in service quality. Mastercard and Visa cards account for 95 per cent of […]

May 20, 2024

US-based digital consultancy company Astound Digital has partnered with Shopify to improve customer experiences, reduce costs, and increase conversion rates for retail. Astound Digital, a company creating digital experiences for brands, has established itself as a key player in digital […]

May 16, 2024

PayRetailers has established a presence in LatAm in over 12 countries as it simplifies the payment process for businesses looking to set up in the region. It is now building upon its portfolio and expanded into Rwanda, Zambia, Uganda, and […]

May 14, 2024

PC Financial is set to integrate Temenos’ retail core banking solution as Software-as-a-Service (SaaS) on Microsoft Azure, which Temenos says will enable the firm to “scale products faster and expand its banking proposition” on a “secure, continuously updated service”. Furthermore, […]

May 14, 2024

This is just one trend of many revealed in the Leading Trends in Digital Payments: Driving the Real-Time Economy in MENA report. Based on a study designed and conducted by Davies Hickman Partners and sponsored by Amazon Payment Services, this […]

May 7, 2024

The latest RedCompass Labs report, ‘Time to leave legacy behind? Instant payments in the US‘, surveyed 300 senior payment professionals in US banks to get a better picture of the demand for instant payments, the barriers to implementation, the challenges […]

April 29, 2024

The transaction will merge Paystand’s blockchain-based B2B payments platform with the vendor’s corporate expense and accounts payable (AP) management controls and was partly financed by Stifel Venture Banking, although further terms have not been disclosed. This is projected to result […]

April 24, 2024

Embedded finance platforms hold the key to ensuring both buyers and sellers feel empowered within online marketplaces. To understand how this can truly be achieved, we reached out to the industry. Finance automation must be adopted Rick Verma, head of […]

April 20, 2024

Laybuy is not the first BNPL whose value has taken a dive. In Q1’23, the Australia-based BNPL Openpay announced it was going into receivership following an all-time high total transaction volume. Additionally, in Q4’23, ZestMoney, the Bengaluru-based BNPL also announced […]