In a move to enhance financial inclusion and foster economic growth in emerging markets, Visa and the United States Agency for International Development (USAID) have announced a strategic partnership aimed at improving access to digital government systems. The collaboration is designed to create secure and inclusive digital platforms that will allow citizens and businesses more convenient access to essential government
Finzly, a leading provider of payment solutions for financial institutions, announced the launch of its instant payment service on AWS Marketplace. This development is part of Finzly’s ongoing efforts to facilitate the adoption of real-time payments by leveraging Amazon Web Services (AWS), thereby addressing the increasing demand for modernized payment infrastructures. Approximately 75% of financial institutions find legacy systems a
Worldpay and Capital One have initiated a significant collaboration aimed at optimizing payment fraud decision making and enhancing payment security through data sharing. The partnership integrates data from Capital One’s cards directly into Worldpay’s FraudSight system. This integration is expected to reduce false positive declines by 40% and improve the detection of actual fraud. With an increasing volume of e-commerce
In a landmark announcement at Money20/20 USA, Yuno has unveiled Payout, an innovative solution aimed at revolutionizing the way merchants manage global payment processes. This latest offering from the world’s leading payment orchestrator promises to simplify and streamline both pay-ins and pay-outs through a single, user-friendly platform. Simplifying Global Payment Processes One Platform for All Payment Needs Payout integrates a
In the ever-evolving financial services landscape, PayToMe.co has emerged as a promising FinTech platform dedicated to simplifying global payments and cross-border transactions for small and medium-sized businesses (SMBs). The company recently celebrated a significant milestone by successfully completing its seed funding round, led by Startupbootcamp and ACH Australia Investments Pty Ltd. The infusion of capital aims to position PayToMe.co as
In a significant leap forward for Tanzania’s digital economy, NMB Bank Plc has teamed up with Mastercard to introduce the nation’s first QR Pay by Link (QR PBL) payment solution. This groundbreaking technology allows businesses to accept payments through QR codes or secure links, streamlining transactions and making them more accessible. Particularly for small and medium-sized enterprises (SMEs), this innovation
PublicSquare (PSQ Holdings, Inc. – NYSE: PSQH) has taken significant steps to enhance its fintech presence with the official launch of its payments platform, organizational streamlining, and securing a $5.35 million private investment in public equity (PIPE). PublicSquare’s CEO, Michael Seifert, underscored the company’s expanding merchant adoption of its payments technology and its resilience in the market. With contracts that
Kia has introduced CarPay, a groundbreaking in-car payment service designed to simplify the payment process for various services directly from the vehicle, beginning with the EV3 model. The first phase of CarPay implementation targets parking services in Europe, leveraging a partnership with Parkopedia to facilitate the seamless locating and payment of parking spaces via the vehicle’s navigation screen. This innovation
The recent partnership between GETTRX, a comprehensive white-label payment platform, and Aevi, a leader in in-person payment orchestration, signifies a significant shift in the payment industry. By leveraging Aevi’s cloud-based global payment orchestration platform, GETTRX aims to enrich its offerings, seamlessly integrating both in-store and online transactions into a single, unified solution. As a result, this partnership is poised to
Citi Retail Services is making significant strides in the digital payments landscape through its innovative Citi Pay platform. The platform’s rapid growth and acceptance can be attributed to its customer-centric approach, listening to consumer and partner feedback, and incorporating these insights into their product development strategy. The Essence of Customer-Centric Innovation Listening to Stakeholders Terry O’Neil, head of connected commerce
Mastercard has partnered with some of the top FinTech players, including Global Payments, Skipify, and Splitit, to enhance its US Installments Program significantly. This initiative is designed to provide greater flexibility for consumers at the checkout stage, addressing the increasingly evident demand for versatile payment solutions. The program has now been made available across all eligible digital points of sale,
Mastercard is enhancing its US Installments program to add more payment flexibility at checkout, addressing the growing consumer demand for such options. This program, facilitated through Mastercard Installment Payment Services, now enables various ecosystem players—including merchants, financial service providers, payment processors, and digital wallets—to offer installment payment plans to consumers via any eligible credit card from participating issuers. This approach
