Category: Retail

June 1, 2023

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027. Unified Payments Interface (UPI) transactions are expected to continue growing steadily, reaching a milestone […]

May 25, 2023

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors. The […]

April 28, 2023

In a lawsuit filed in the US District Court for the Southern District of New York, Walmart alleges Capital One failed to meet several contractual obligations and customer service standards. The retail giant alleges Capital One did not meet customer […]

March 14, 2023

The firm says there is a “commensurate need” for solutions that cater to a range of client workflows and trading, including across fixed-income asset classes, as electronic trading volumes in rates and credit markets grow. The acquisition will enable Bloomberg […]

March 8, 2023

Personalisation has been the biggest challenge for fintechs over the past few years. Organisations that have failed to change their offerings to accommodate this demand have fallen by the wayside. As time continues, it does not appear that this is […]

March 7, 2023

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time […]

March 6, 2023

The deadline for nominations is Friday 17 March, so there’s now less than two weeks left to submit. The PayTech Awards offers categories for banks, financial and payment institutions, technology services, software providers, teams and individuals to enter. The sixth […]

March 3, 2023

Dogs Trust, one of the UK’s largest animal welfare charities, has launched a debit card in partnership with Currensea. It lets supporters donate to charity whenever they spend in the UK or abroad. It is the latest charity partner to […]

February 24, 2023

Cryptocurrency exchange Binance has partnered with France-based paytech Ingenico to enable in-store payments in France. The partnership includes the launc of a pilot programme that accepts more than 50 cryptocurrencies and will be available only on Ingenico Axium payment terminals […]

February 16, 2023

Through the partnership, Citizens will utilise Paymentus Bill Center and Paymentus Loan Payments, both powered by Paymentus’ instant payments network (IPN). Paymentus Bill Center provides customers a holistic view of all their bills and financial obligations, as well as payment […]

February 13, 2023

The implementation means that Carrefour’s customers in Deira and Amsaf can now purchase food, essentials and more using PopID’s Face Pay. To make payments using Carrefour’s newest facial verification feature, customers can enrol for the service through the retailer’s mobile […]

January 31, 2023

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]

January 31, 2023

The round also saw participation from Athletic Ventures, Left Lane Capital, Icehouse Ventures and Notion co-founder and chief operating officer (COO) Akshay Kothari. Founded in 2016 and based in Wellington, Hnry provides invoicing, tax, insurance and compliance services to self-employed […]

January 18, 2023

The service is initially going to launch in Germany, France and Spain, with plans to expand into other international markets. With Splitit’s platform and Checkout.com’s payment acquiring capabilities, AliExpress shoppers will be able to pay after delivery using their existing […]

January 17, 2023

Vueling to Collect Payment in Crypto Vueling, one of the Spanish budget airlines that has grown after the Covid-19 travel restrictions ended, is taking its first steps to accepting crypto as payment for its services. The company announced on Jan. […]

January 10, 2023

Clowd9 will use Netcetera’s 3D secure issuer service for transaction authentication and Access Control Server (ACS), currently used by more than 200 banks and card issuers worldwide. The 3D secure server solution is designed for “frictionless and reliable” payment processing […]

January 5, 2023

Banking-as-a-Service (BaaS) will have a banner year in 2023, Treasury Prime CEO Chris Dean told Karen Webster in an interview. Traditional financial institutions (FIs) will be the critical ingredient for embedded banking software platforms to create new operating systems for […]

January 5, 2023

Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can now buy medicines and other items using a number of cryptocurrencies. The new payment option is accessible since Tuesday, the company […]

December 23, 2022

J.P. Morgan closes on a 48.5 per cent ownership stake in Viva Wallet and it continues its Greek expansion. Athens-headquartered Viva Wallet is a cloud-based payments fintech company founded in 2000. It offers value-added services to merchants including tap-to-device technology, […]

December 14, 2022

Earlier this month, Reuters reported that hedge fund Muddy Waters had accused Uruguayan payments company dLocal of using client funds to pay a special dividend to its shareholders from before its June 2021 IPO. The hedge fund said – according […]