In a significant move to enhance digital payment services and drive financial inclusion in Jordan, Network International, a prominent digital payments company, has partnered with Gate To Pay, a leading Jordan-based payment services provider. This strategic collaboration, formalized through a memorandum of understanding (MoU) during the MENA ICT event, is set to accelerate the nation’s digital transformation and lay the
In a landscape where consumer preferences are continuously evolving, HSBC UK has recognized the growing demand for more flexible, manageable payment options by launching HSBC Flexipay, a Point of Sale (POS) finance solution. This innovative service aims to transform the way consumers make large purchases, allowing them to spread costs into fixed instalments directly at the checkout, making these expenses
In a significant move aimed at revolutionizing e-commerce payments, Unzer, a leading payment and software solutions provider, has joined forces with Mastercard to enhance open banking account-based payments in Germany, Austria, and Denmark. This strategic partnership leverages Mastercard’s robust Open Banking-driven solutions, integrating them with Unzer’s payment gateways to offer consumers a seamless, secure, and fast transaction experience. By allowing
Imagine a bustling marketplace where small and medium-sized enterprises (SMEs) struggle to keep up with the increasingly digital demands of consumers. In this rapidly evolving landscape, keeping financial operations smooth and efficient can be a significant challenge. EdfaPay, a Riyadh-based FinTech platform specializing in digital payments for SMEs in the MENA region, has successfully raised $5 million in a pre-Series
The digital payment landscape in India is undergoing a significant transformation, driven by continuous innovations and a growing demand for simplicity and accessibility. PeLocal, an emerging FinTech company founded in 2021, is carving out a niche for itself by integrating its payment solutions within WhatsApp. This innovative approach aims to provide a seamless transaction experience for consumers and service providers
The recent decision by the US Consumer Financial Protection Bureau (CFPB) to regulate large tech payment apps and digital wallets such as Apple Pay, Google Wallet, Venmo, and PayPal under the same rules as big banks and credit card companies could have profound implications for both the industry and consumers. This regulatory shift aims to level the playing field, ensuring
In a move potentially changing how consumers finance their technology purchases, Klarna, an AI-powered payments network, has formed a significant partnership with Lenovo, the global tech leader. Shoppers in 15 key European countries can now take advantage of Klarna’s flexible payment options, including interest-free Buy Now Pay Later (BNPL) plans, when purchasing Lenovo products online. Klarna positions itself as a
The Reserve Bank of India (RBI) is taking significant steps to enhance its cross-border payments platform by seeking new trading partners in Asia and the Middle East, aiming for instantaneous settlements. Currently, India has agreements with Sri Lanka, Bhutan, and Nepal. The RBI plans to extend these agreements to include the United Arab Emirates (UAE). In addition, India is exploring
In a significant move toward modernizing business-to-business (B2B) payment processes, Mastercard has announced a new partnership with UAE-based fintech, Fundbot, focused on streamlining transactions across various industries. This collaboration aims to launch a sophisticated payments platform that simplifies and accelerates B2B payments between buyers and suppliers, initially targeting the UAE and Saudi Arabia markets. By incorporating Fundbot’s innovative dynamic discount
In a significant move set to transform the UK payment industry, Raimac Financial Technology has announced a strategic partnership with Cashflows, a leading UK platform specializing in payment acceptance solutions for businesses. This collaboration introduces Raimac’s advanced programmatic payment technology to Cashflows’ extensive service offerings, making them one of the early adopters of such innovative solutions in the UK. Cashflows,
In an era where financial inclusivity remains a pressing challenge, the strategic alliance between Universal Digital Payments Network (UDPN) and FORUS Digital aims to bridge significant gaps in Africa’s financial sector. Such collaboration leverages cutting-edge blockchain technology to promote economic development and sustainable growth across the continent. With around 105 million adults in Sub-Saharan Africa unbanked and another 350 million
The landscape of B2B payments is rapidly evolving, with companies seeking quicker, more efficient ways to handle transactions to optimize their operations and foster strong, long-lasting business relationships. TreviPay, a notable player in the B2B payments sector, has taken significant strides in enhancing the buyer onboarding process through the implementation of automation within its order-to-cash (O2C) offering. This innovative approach
