The bustling energy of Black Friday 2024 saw a notable uptick in consumer activity, with Visa reporting an 11% increase in transaction volumes compared to Black Friday 2023. This rise also marked a 16% growth over an average Friday and a 12% surge in spending across the Black Friday and Cyber Monday weekend. These figures highlight the significant jump in
Lunar, an innovative Nordic challenger bank, is making significant strides in the financial sector by transitioning its Banking Services division into Moonrise, a new standalone entity within the Lunar Group. This bold move underscores Lunar’s dedication to expanding its reach and exploring the boundless potential of Banking-as-a-Service (BaaS) across the Nordics and beyond. With the European BaaS market on the
The intense shopping frenzy associated with Black Friday in the UK often presents a lucrative opportunity not only for retailers but also for fraudsters seeking to exploit the surge in transactions. On the latest Black Friday, transactions saw a notable 11% uptick compared to the previous year, with a 16% increase from an average Friday. During the subsequent shopping weekend,
In an era where security concerns are escalating across the globe, Zwipe, a renowned global entity specializing in biometric authentication technology for access control, identification, and payment solutions, has taken a significant stride forward. The company recently announced that a leading international luxury and fashion retailer is evaluating its advanced biometric access cards. This evaluation marks a pivotal moment for
The technological landscape for business payments has gained a major boost as BlueSnap, a leading global payment platform, has been designated as a preferred payment partner for Zuora, a well-known monetization suite for businesses. This collaboration, which began in 2015, has enabled businesses to optimize their subscription services by integrating BlueSnap’s payment solutions directly with Zuora’s comprehensive billing processes. With
Premier Bank, a leading Islamic financial institution in Kenya, has made a significant move in the financial sector by partnering with Mastercard to launch a new Shari’ah-compliant suite of debit, credit, and prepaid cards. In an era where financial inclusivity and technological advancements are paramount, this collaboration underscores a commitment to providing secure and innovative financial solutions that align with
Imagine a world where all your digital payment accounts, whether you are shopping online with a credit card, using a mobile payment app, or paying through tokenized platforms, are linked seamlessly together, enabling a streamlined and cohesive experience. This utopian vision could be realized with the advent of Personal Account Reference (PAR) numbers, as detailed in a report by the
In a groundbreaking move that could redefine the Rwandan e-commerce landscape, Mobile Money Rwanda Limited (MoMo Rwanda) has partnered with Mastercard and I&M Bank to unveil a revolutionary virtual payment solution named Virtual Card by MoMo. This innovative technology will enable MoMo customers to engage in secure global e-commerce transactions, providing unprecedented access to international online shopping platforms that accept
The proliferation of digital identity wallets has become a significant topic of discussion among experts and industry leaders, heralding what some call the “wallet wars.” This competition is not just about payments anymore but is predominantly focused on organizing identity in the digital realm. The implications of digital wallets on internet transactions, payments, and identity management are profound and far-reaching.
The collaboration between Škoda and Parkopedia marks a transformative step in the automotive industry, introducing novel notification prompts aimed at revolutionizing the in-car payment experience. These newly integrated prompts are designed to inform drivers when they approach locations that support in-car payment transactions. These locations include parking areas and fueling stations. The primary goal is to streamline the payment process
In a proactive move to comply with the forthcoming Regulation (EU) 2024/886 on instant credit transfers in euros, commonly referred to as the Instant Payments Regulation (IPR), the European Payments Council (EPC) has announced an early release of its 2025 payment scheme rulebooks. This shift in timing is significant as the rulebooks will come into effect on October 5, 2025,
Crypto.com’s latest partnership with Mastercard could significantly impact the digital payments landscape in the GCC region. With the acquisition of a principal license from Mastercard, Crypto.com has strengthened its ability to directly issue cards on Mastercard’s expansive network. This development is crucial as it facilitates the launch of the first card under this partnership in Bahrain, leveraging Mastercard’s secure and
