The Saudi Central Bank (SAMA) has recently signed an agreement with Google to introduce Google Pay in Saudi Arabia by 2025 through the national payment system, “mada.” The initiative is a significant step in aligning with Saudi Vision 2030, a strategic framework aiming to diversify the Kingdom’s economy and reduce its reliance on oil. By enhancing the Kingdom’s digital payments
Trustly, a pioneer in Pay by Bank technology, has announced the next generation of its Pay N Play® payment solution at ICE 2025 in Barcelona, promising to significantly enhance user experiences with reduced login times and faster transactions. The new version of Pay N Play® will drastically cut login times from the current 48 seconds to under 10 seconds, while
In a significant move set to revolutionize the financial landscape of businesses in emerging markets, Waza has introduced Lync, a groundbreaking multi-currency account platform. This innovative solution primarily targets businesses incorporated in the US, UK, or EU but operating in high-growth regions that often struggle with access to traditional banking services. Such businesses regularly encounter obstacles due to arbitrary compliance
In a move poised to revolutionize the financial landscape in Jordan, Mastercard has teamed up with Cairo Amman Bank to introduce pioneering solutions in the realm of cross-border payments. This strategic collaboration aims to enhance financial inclusion while fostering a more accessible digital economy by facilitating money transfers from Jordan to 37 different countries. By leveraging Mastercard’s extensive capabilities, Cairo
Belvo and J.P. Morgan Payments have entered into a strategic partnership to revolutionize the recurring payments ecosystem in Mexico through the automation and efficiency of direct debit solutions. This collaboration aims to streamline financial operations, enhancing user experience and customer retention across various industries such as utilities, subscription services, insurance, lending, and automotive. By leveraging the advanced technology of Belvo’s
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
