Visa’s acquisition of the Brazilian core banking and payments software business Pismo has significantly accelerated the startup’s global expansion. Pismo, founded in 2016 by Ricardo Josua in Brazil, offers cloud-based core banking and payments software through Amazon Web Services, enabling banks to select required services. Since Visa’s acquisition in 2023, the São Paulo-based company has experienced transformative growth, particularly in
The rise of digital wallets like Apple Pay and Google Pay has revolutionized the way consumers handle transactions. These tech-driven solutions offer convenience and speed, but they also raise questions about regulatory oversight. A coalition of tech companies, led by giants such as Apple and Google, is currently challenging the Consumer Financial Protection Bureau (CFPB) over its attempt to regulate
In a significant move that promises to reshape the landscape of global e-commerce, TransferMate has partnered with Amazon to offer an enhanced payment service. This collaboration positions the Irish business-to-business payments company as a payment service provider within Amazon’s vast ecosystem. The integration allows Amazon sellers to receive their sales disbursements in their preferred currencies, significantly cutting down on foreign
South Africa’s fintech landscape is witnessing a dramatic shift with the recent partnership between Float, the nation’s first credit card-linked installment platform, and Peach Payments, a premier online payment solutions provider. This strategic collaboration is set to revolutionize the way consumers and merchants interact with payment solutions, providing a seamless and interest-free installment payment option at checkout that’s unlike traditional
Clip Money, Inc., a company renowned for its multi-bank, self-service deposit network for businesses, has joined forces with Green Dot Corp. to launch a new over-the-counter deposit service for businesses. This partnership aims to maximize the potential of Green Dot’s embedded finance platform paired with Clip Money’s state-of-the-art cash deposit technology, significantly enhancing convenience and efficiency for businesses handling cash
Runa has announced its expansion into India, tapping into the country’s $8.9 billion gift card market. This move allows Runa’s business customers to send instant domestic and cross-border payouts to Indian recipients, effectively reducing traditional barriers of cost and complexity. India’s digital payment market is experiencing rapid growth, exhibiting an impressive 44% compound annual growth rate (CAGR) from 2017 to
The CE 100 Index, which tracks the performance of leading companies in the connected economy, saw a positive uptick this past week, with significant contributions from the Pay and Be Paid sector. Driving the bullish sentiment were the quarterly earnings reports from major payment networks Visa and Mastercard. This report delves into the specific performance metrics and strategic insights shared
SpacePay is a fintech institution with a mission to unify traditional payment systems and cryptocurrency solutions, facilitating seamless digital transactions for users. The platform’s fundamental goal is to make it easy for cryptocurrency users to use their assets for payments and for merchants to accept these digital payments just as they would cash. This mission is crucial in a world
In the rapidly evolving landscape of digital finance, Kenya stands at a crossroads with the potential to revolutionize its payment systems while achieving mature inclusivity. As the world focuses on the benefits and challenges of digital payments, addressing the unique needs and barriers within the Kenyan context becomes crucial. The drive towards inclusive instant payment systems (IIPS) is not only
The rapid evolution of technology has significantly changed how individuals conduct financial transactions, with mobile wallets emerging as a convenient and secure method for managing payments via smartphones, tablets, or smartwatches. As these digital tools become increasingly popular, they also bring a new set of security challenges that need to be addressed. Mobile wallets utilize various safety measures, including encryption
Alchemy Pay has integrated the MOVE token from the Movement Network into its fiat deposit solution, creating a groundbreaking development for digital assets accessibility. This integration allows users to easily purchase the MOVE token using common payment methods such as Visa, MasterCard, mobile wallets, and bank transfers. By enabling these fiat payments, Alchemy Pay is greatly enhancing the availability of
JetBlue, in collaboration with Barclays US Consumer Bank, has introduced a new credit card designed for premium travel enthusiasts. The JetBlue Premier World Elite Mastercard® aims to enhance the travel experience for frequent travelers and those with significant daily expenditures by offering a range of elite travel benefits and rewards. This new card promises to make the JetBlue experience more
