Uganda, like many other African nations, is grappling with the complex task of embracing digital payments as a means to foster financial inclusion and economic growth. Yet, the journey has been fraught with difficulties, primarily due to poor Internet access, inadequate mobile network coverage, and subpar customer service. Research indicates that approximately 61% of Ugandans are utilizing digital payment solutions,
Spendesk, a French FinTech company known for its innovative spend management platform, has taken a significant step forward by launching a new financial services division, Spendesk Financial Services, in collaboration with Visa. This new division is powered by a license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which grants Spendesk complete control over its payment services infrastructure.
The digital payment landscape has just taken a significant step forward with the launch of the Yueda Card by Visa and LianLian Global. This initiative aims to fundamentally streamline cross-border business payments, particularly focusing on the needs of small and medium enterprises (SMEs) and larger corporations. By leveraging Visa’s global payment network combined with LianLian Global’s innovative cross-border payment technology,
In a significant move aimed at enhancing its platform’s capabilities, Spendesk, a spend management platform for mid-sized businesses, has officially launched Spendesk Financial Services, its own payment institution. This development gives Spendesk the autonomy to control its payment services infrastructure, marking a substantial milestone in the company’s growth. Regulated by the ACPR and backed by a partnership with Visa, Spendesk
Payit™ by NatWest, the innovative open banking payments solution, has recently made its debut on the Interactive Investor (ii) platform. This strategic integration is designed to offer investors prompt and secure options for depositing funds, empowering them to make well-informed investment decisions without enduring unnecessary delays. Utilizing advanced open banking technology and leveraging Account Information Services (AIS), Payit™ by NatWest
The German government has made a strategic decision to partner with Episode Six (E6), a firm specializing in enterprise-grade payment processing, and Secupay, a payment solutions and services provider, to streamline the disbursement of aid to asylum seekers. This collaboration will see them issuing payment cards to about one million asylum seekers over the next four years, aiming to provide
In a rapidly evolving digital economy where eCommerce drives much of the commercial activities, the collaboration between MyFatoorah and Mastercard introduces a transformative payment gateway platform aimed at revolutionizing the Middle East’s digital payment landscape. MyFatoorah, recognized as a licensed payment service provider (PSP) in the Middle East, has partnered with Mastercard to offer an enhanced customer experience for over
Digital wallets are rapidly becoming a cornerstone of the global financial landscape. As we approach 2025, these software-based systems, which securely store payment information and passwords, are being adopted at an unprecedented rate. This surge is driven by the demand for innovation, convenience, and more secure payment methods among consumers and businesses. The impact of digital wallets is set to
In the evolving landscape of B2B transactions, TreviPay is making significant strides by integrating a dynamic trade credit application into the buyer onboarding process. This noteworthy advancement enhances their order-to-cash (O2C) offering, significantly transforming the traditional approach. With TreviPay’s improved risk management platform, business buyers now have the convenience of applying for trade credit through a self-serve application, streamlining the
As the holiday shopping season approaches, UK retailers must prepare for the influx of orders and transactions expected during Black Friday and Cyber Monday, collectively known as “Cyber Weekend.” These retailers are on the brink of a golden opportunity to capture significant revenue, with last year’s Black Friday sales totaling an impressive £13.3 billion. To fully capitalize on this peak
HSBC, one of the world’s leading banking and financial services organizations, has introduced a new platform called Smart Transact, aimed at simplifying payments for businesses with international growth ambitions. This innovative initiative is a part of HSBC’s broader mission to support businesses with streamlined payment solutions, addressing the complexities of both domestic and cross-border transactions. Smart Transact promises to provide
In a significant development in the financial technology sector, NORBr, a no-code, omnichannel-ready Payment Infrastructure as a Service (IaaS) provider, has garnered €3 million in funding. Contributed by Alstin Capital and previous investor Portfolion, this investment seeks to strengthen NORBr’s omnichannel payment solutions, emphasizing advancements in payment terminal management, operational efficiency, and stringent compliance. Given the global payments market’s projection
