Reaching a monumental milestone, Paysend, a UK-based global payments platform, celebrated having 10 million consumer customers worldwide. This achievement solidifies Paysend’s position as a dominant force in the cross-border payments market, projected to soar to USD 60 trillion by 2030. This feat is backed by Paysend’s innovative infrastructure that facilitates seamless money transfers across cards, wallets, and accounts in over
The push for efficient and transparent government services is more vital than ever, with digital payments emerging as a transformative force. Governments face the dual pressures of improving public administration and managing extensive payment flows involving welfare, pensions, and tax refunds. Digital payments offer a streamlined approach that not only simplifies transactions but also bolsters economic growth by encouraging transparency
Algeria is poised to make a historic leap in its financial landscape with the planned launch of its groundbreaking mobile payment system, “DZ MOB PAY,” in January 2025. Announced by Mohand Bourai, President of the Association of Banks and Financial Institutions, this ambitious initiative represents a significant step forward in the country’s ongoing journey towards digital transformation. This innovative system
In a significant pushback against federal regulatory authority, two technology trade groups, NetChoice and TechNet, have filed a lawsuit to block a new rule by the Consumer Financial Protection Bureau (CFPB). This rule grants the CFPB supervisory power over payment apps and digital wallets offered by large non-banking entities such as Apple Wallet, Google Pay, and Venmo. The suit, filed
One of the key points highlighted in the Paymentology report is the ability of CaaS to drastically reduce time-to-revenue by up to 50% compared to traditional card issuance methods. This is primarily achieved through instant card issuance and the utilization of cloud-based infrastructure that fast-tracks time-to-market. Such a model not only speeds up processes but also provides operational scalability that
Thunes, a prominent global financial technology company, has announced an innovative partnership with Hyperwallet, a PayPal service specializing in global payouts, to significantly enhance payout access for merchants across the Asia-Pacific (APAC) region. This strategic alliance aims to provide a secure, efficient, and real-time payment solution to over 450 million mobile wallets and bank accounts in countries such as Bangladesh,
Yuno, a leading payment orchestration platform, has forged a strategic partnership with PayPal, the global frontrunner in digital payments, aiming to augment payment options for merchants across the globe. This significant collaboration allows merchants leveraging Yuno’s platform to seamlessly integrate PayPal as a secure payment option, streamlining their transaction processes. By eliminating the need for customers to repeatedly input payment
Mukuru, a cutting-edge financial services platform, has officially launched a new mobile wallet in Zimbabwe, with the primary goal of improving financial inclusion within the country. This initiative follows the company’s acquisition of a Deposit-Taking Microfinance Institution (DTMFI) license from the Reserve Bank of Zimbabwe. The Mukuru Wallet addresses the prevalent financial accessibility challenges faced by many in Zimbabwe, aiming
AIsa, a pioneering FinTech company, has launched a groundbreaking payment network designed specifically for the AI economy, addressing the increasing demand for payment systems capable of handling the unique requirements of AI agents. Traditional human transaction-based systems fail to support these needs, but AIsa’s innovative solution integrates advanced blockchain technology with stablecoin-based payment mechanisms, providing secure, efficient, and scalable payments
In a strategic move that could redefine payment solutions, Klarna and Stripe have expanded their partnership, enabling Stripe-powered businesses in 25 countries to offer Klarna’s versatile payment options to their customers. This enhanced collaboration reflects a growing trend toward adopting AI-powered payment networks and flexible financing plans like buy now, pay later (BNPL) services. Klarna witnessed a remarkable surge in
The integration of Wero, a new European payment method, into Computop’s ‘Pay to Drive’ mobility suite signifies a monumental shift in payment processing within the mobility sector by mid-2025. This initiative aims to revolutionize how consumers interact financially with charging stations and petrol pumps, making the payment process more seamless and efficient. By incorporating Wero into its Paygate platform as
Worldline, a global leader in payment services, has recently announced the extension of its long-term partnership with KBC/CBC, a prominent European financial institution. This new six-year agreement will see Worldline continuing to provide KBC with issuing and transaction processing services from its extensive portfolio in the Belgian market. Emphasizing collaboration and co-creation, Worldline aims to support KBC’s evolving and innovative
