Tag: Mobile payments

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

The B2B travel paytech, which was recently granted an Electronic Money Institution (EMI) licence from the Bank of Spain, will utilise the platform to handle large transaction volumes and current accounts for the service. Werner Van Ravesteyn, Outpayce’s head of enterprise products, […]

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 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 2, 2024

The National Bank of Kuwait (NBK) has revealed the launch of the Instant Payment Service (WAMD) within its app, beginning on June 30, 2024. The service is part of K-Net’s introduction of a new instant domestic account-to-account payment scheme in Kuwait, authorised […]

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 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 22, 2024

Renowned cryptocurrency exchange, Binance, has announced plans to delist several margin trading pairs on its platform, according to a recent announcement on its official website. The process will take effect from 6:00 UTC, May 31, 2024. Details of the Delisting […]

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 […]

February 26, 2024

The deal, which is due to be completed by the end of Q2 2024 for an undisclosed sum, marks Dunes’ first public move since its exit from stealth mode, as the firm readies to unveil its new platform combining cryptocurrency […]

February 23, 2024

Founded in 2019 and backed by Barclays, WealthOS provides a Software-as-a-Service (SaaS) platform which it claims can help wealth managers achieve their “digital transformation three times faster and 40% cheaper” by providing them access to its integrated ecosystem of third-party […]

February 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. Practical improvements await Rachel Levi, global head […]

February 15, 2024

PayPal, a dominant force in online payments, has been a pioneer in digital transactions since its inception in 1998. With its innovative platform, PayPal facilitates online shopping, peer-to-peer transfers, and international transactions with ease and security. However, as the financial […]

February 14, 2024

Aligning with its strategy to extend its reach into new emerging markets, QuantumFy’s collaboration with the MENA Fintech Association is a step towards leveraging its expertise in the region. QuantumFy specialises in tailored banking, payment, and investment technology solutions. It […]

February 13, 2024

Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables banks to integrate fintech applications that use the latest technologies such as artificial intelligence (AI), blockchain and automation tools. Trade Innovation is an end-to-end solution […]

February 9, 2024

However, it was pointed out to me that I took something for granted, and in hindsight, it was a great observation. In today’s world, where we are used to online shopping and mobile payments, many are not only carrying less […]