Mikhail Hamilton, Author at B2Bdaily.com

Digital Lending / Digital Payments

PalmPay and Jumia Forge Strategic Partnership to Boost Digital Payments

PalmPay, a leading fintech focused on Africa and Nigeria’s top mobile wallet, has announced a groundbreaking partnership with Jumia, the continent’s premier e-commerce platform. This collaboration is set to revolutionize the digital payment landscape in Africa, beginning with significant integrations in Nigeria. The strategic alliance underscores the commitment of both companies to advancing Nigeria’s digital payment infrastructure and fostering a

December 31, 2024

Digital Lending / Digital Payments

How is Openpay Changing Online Payment Solutions in Latin America?

Openpay, the leading payment processing platform in Latin America, is revolutionizing the online payment industry by offering simplified, comprehensive solutions with discounts and multiple payment methods. Founded in Mexico in 2013, this fintech company has expanded its operations to Peru, Colombia, and Argentina, where it has celebrated two successful years. Openpay provides various alternatives for businesses to integrate electronic payments

December 31, 2024

Digital Lending / Digital Payments

Fintech Innovations of 2024: Digital Banking, AI Solutions, and Inclusivity

2024 has been a landmark year for the fintech sector, showcasing a series of significant launches and technological advancements designed to redefine financial services. As various startups and established institutions unveil their cutting-edge solutions, the industry is witnessing a transformative shift towards digital banking, AI-driven platforms, and inclusive financial services. Among the standout developments are Lydia’s launch of the Sumeria

December 30, 2024

Digital Lending / Digital Payments

Are Digital Marketplaces Redefining B2B Payments for 2025?

The landscape of B2B payments has undergone a significant transformation over the past few years, with 2024 marking a pivotal year in this evolution. As businesses increasingly prioritize digital innovation, the shift towards more seamless and integrated payment operations has become evident. This article delves into the key trends that have reshaped B2B payments and explores how digital marketplaces are

December 27, 2024

Digital Lending / Digital Payments

Can Digital Payments in Government Reduce Costs and Improve Efficiency?

A groundbreaking initiative by the Ministry of Digital Economy aims to revolutionize the way we handle financial transactions within government institutions. The rampant use of cash results in significant financial burdens, summing up to nearly 1.5% of the nation’s GDP annually. Deputy Minister Eranga Weeraratne alarmed the public about additional concerns such as fraud, corruption, and the many inefficiencies stemming

December 27, 2024

Digital Lending / Digital Payments

Is Thailand’s Digital Wallet Plan the Solution to Economic Stagnation?

Amid prolonged economic stagnation, Thailand’s ambitious digital wallet project aimed to inject a whirlwind of funds into the national economy but faced significant opposition and criticism. The administration initially envisioned this program as a transformative economic stimulus by providing all citizens aged 16 and older with financial resources. However, the reaction from various sectors highlighted numerous challenges, prompting substantial modifications

December 27, 2024

Digital Lending / Digital Payments

How Will Credit Unions Adapt to 2025 Payment Trends and Technology?

The world of payments is on the cusp of significant transformation as new technologies emerge, forcing credit unions to adapt to stay relevant and competitive. As we inch closer to 2025, several key trends are expected to reshape how financial transactions are conducted, pushing credit unions to embrace innovations in digital wallets, open banking, artificial intelligence, and data security. These

December 27, 2024

Digital Lending / Digital Payments

How Will Mastercard and Dgpays Transform Digital Payments in EEMEA?

Mastercard has announced a strategic partnership with Dgpays, a financial technology provider, aimed at enhancing digital payment solutions across Eastern Europe, the Middle East, and Africa (EEMEA). This highly-anticipated collaboration marks a significant milestone in the region’s ongoing push toward digital transformation and aims to introduce state-of-the-art payment technologies and loyalty programs tailored to local needs. By combining Mastercard’s extensive

December 27, 2024

Digital Lending / Digital Payments

How Will Mastercard’s Acquisition of Recorded Future Enhance Security?

In a significant move to strengthen its cybersecurity prowess amidst the skyrocketing rise of digital interactions, Mastercard has completed its acquisition of Recorded Future, an AI-driven threat intelligence firm. This strategic acquisition underscores Mastercard’s understanding of the critical need to protect consumer and business transactions in an increasingly digital world. By integrating Recorded Future into its cybersecurity services, Mastercard aims

December 27, 2024

Digital Lending / Digital Payments

How Does Digital Collateral Transform Credit Access Globally?

The innovative use of digital collateral is significantly reshaping credit access in emerging markets, addressing a longstanding issue of accessibility to traditional financial systems. Initiatives in regions like Latin America, Africa, and Southeast Asia are leading this transformation, showing how technology can bridge the credit gap. Central to this revolution is the unique financing model developed by companies such as

December 26, 2024

Digital Lending / Digital Payments

Navigating 2024: Digital Lending Predictions and Future Strategies

In early 2024, MeridianLink surveyed nearly 100 financial institutions to gauge their predictions and priorities for the year, providing a comprehensive outlook on the anticipated evolution of the digital lending landscape. This article evaluates those forecasts, examining their accuracy and drawing insights for the future, particularly as we move towards 2025. Decline in Physical Branches The survey’s prediction of a

December 26, 2024

Digital Lending / Digital Payments

Kenyan Lending Apps Violate Borrowers’ Privacy Amid Financial Inclusion

Kenya is recognized for its pioneering role in digital innovation across Africa, with mobile money services like M-Pesa setting the stage for financial inclusion. Digital lending apps, building on this trailblazing path, have become hugely popular, offering instant loans with minimal requirements. These apps, unlike traditional banks that demand collateral or formal credit histories, leverage data from a borrower’s smartphone

December 26, 2024