TBC Bank Uzbekistan, renowned for being the largest mobile-only bank in the country, has launched its new flagship daily banking product, Salom Card. This initiative marks a significant milestone in TBC Uzbekistan’s strategic plan to expand its digital financial services while driving both customer and revenue growth. The introduction of Salom Card is initially exclusive to subscribers on a waiting
Klarna, an AI-powered global payments network and shopping assistant, has launched flexible payment options for Zoom Workplace in 16 markets, including the US and multiple European countries, making it easier for businesses and individuals to manage digital collaboration tools. This initiative allows users to handle Zoom Workplace subscriptions with Pay Now available in all supported countries and Pay Later options
Financial transactions for businesses looking to expand into Southeast Asia and South Asia have long been fraught with challenges and complexities, particularly with traditional card payment schemes. In dynamic and fast-paced markets where card penetration remains persistently low, businesses often face the dual hurdles of exorbitant fees and delayed settlement times. These obstacles make real-time payments a crucial element in
In today’s digital-driven world, the demand for real-time cross-border payments is rising faster than ever, emphasizing the need for seamless, secure, and efficient payment methods for both consumers and businesses. Adeline Kim, Visa’s country manager for Singapore and Brunei, highlights a critical necessity: payment systems must become interoperable to address the fragmentation caused by the rapid pace of innovation. As
Google has announced plans to expand its payment app, Google Wallet, to include functionalities for children, while incorporating stringent parental controls to ensure security and oversight. The initiative is scheduled for rollout next year, allowing children with NFC-enabled smartphones to make in-store payments using PIN, fingerprint, or Face ID. However, online payments will be restricted to prevent unauthorized transactions. Parents
Stanbic Bank Kenya and Mastercard have announced the launch of two new premium credit cards aimed at high-net-worth individuals (HNWIs) in Kenya. The Stanbic World Card and the Stanbic World Elite Card are designed to enhance banking experiences by seamlessly blending luxury and convenience. These new credit cards offer a wide range of exclusive benefits, including access to airport lounges,
Affirm, a leading payment network, has recently introduced its flexible and transparent pay-over-time solutions in the UK. Founded in 2012, Affirm aims to create honest financial products that enhance consumers’ lives. This launch offers UK consumers an alternative to traditional credit cards and other installment payment methods, allowing them to split their purchases into manageable monthly payments. Affirm’s Unique Approach
The strategic partnership between Lunar, a rapidly expanding Nordic challenger bank, and Saldo Bank, a significant fintech and banking provider, promises to revolutionize banking and payment solutions in the Nordic region. By collaborating, these two financial entities aim to simplify and enhance the banking experience in Sweden, leveraging cutting-edge technology to deliver faster and more efficient services. This alliance enables
The rapid evolution of payment methods presents a substantial opportunity for businesses across various sectors. Emerging payment solutions such as contactless payments, buy now, pay later (BNPL), digital wallets, cryptocurrencies, and open banking are at the forefront of this transformation. As these new technologies become increasingly prevalent, businesses must understand their potential benefits and the impact they have on consumer
Visa, a global leader in digital payments, has achieved a significant milestone by introducing advanced capabilities that enable virtual cards to be smoothly integrated into mobile wallet ecosystems such as Apple Pay and Google Pay. These capabilities offer businesses enhanced control and security, featuring precise spending limits and meticulous transaction monitoring. This innovation substantially reduces the risks of fraud and
A groundbreaking partnership has been formed between Yape, a leading digital wallet in Peru, and TerraPay, a global money movement company, with the aim of enhancing digital financial inclusion in Peru. This collaboration will allow users within the TerraPay global network to send international money transfers directly to Yape users. By facilitating immediate and seamless access to funds, this initiative
In a strategic move to bolster its innovation and product offerings, Mastercard has announced two significant acquisitions in Q3. Recorded Future, a cybersecurity intelligence platform, and Minna Technologies, a subscription management service provider, are now part of the Mastercard ecosystem. These acquisitions underscore Mastercard’s proactive approach to integrating advanced technologies and services to enhance its product solutions. This strategy is
