As digital payments become increasingly widespread, several European countries are implementing regulations to ensure cash remains a viable payment option. This transition from traditional cash transactions to digital payments has been accelerated by the pandemic, leaving some groups marginalized because they lack access to digital payment systems or find them difficult to use. The new regulations aim to address the
Plumery, a renowned digital banking experience platform, has announced a strategic partnership with Payment Components in a bold move to modernize financial institutions on a global scale. This collaboration is set to decouple digital experience and payment processes from outdated legacy banking systems, providing a route for more flexible and efficient operations without necessitating drastic changes to core infrastructures. By
Standard Chartered has partnered with Wise Platform to enhance its SC Remit service, aiming to revolutionize cross-border payments for customers in Asia and the Middle East through its strategic collaboration. This partnership integrates Wise’s advanced API technology to offer faster, cheaper, and more transparent international transactions across 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY. Standard Chartered
NatWest has partnered with Mastercard to introduce a groundbreaking mobile virtual card payment solution called Approval2Buy with Mobile Virtual Cards, poised to transform the way businesses in the UK manage corporate transactions. This collaboration marks a significant milestone, as it is the first implementation of Mastercard’s mobile virtual card app in Europe, offering enhanced flexibility, control, and security for corporate
Mastercard’s recent unveiling of Pay Local, a groundbreaking service designed to streamline card payments through local digital wallets, has created quite a buzz in the financial technology landscape. Launched strategically before the Singapore FinTech Festival, Pay Local is expected to facilitate transactions for residents and international travelers by allowing them to link their credit or debit cards to digital wallets
Mastercard has launched a new service called Mastercard Pay Local with the aim of improving the convenience of payments through local digital wallets. This initiative allows both resident cardholders and international travelers to link their credit and debit cards directly to digital wallets without requiring a prepaid account setup, thus enabling immediate spending. The Asia Pacific (APAC) region stands to
Mastercard, a leading company in payment technology, has announced the launch of Mastercard Pay Local, a product designed to enhance cross-border payments by integrating with local digital wallets. This initiative, introduced just before the Singapore FinTech Festival, addresses the increasing demand for a seamless payment experience for both local residents and international travelers. With Mastercard Pay Local, cardholders can instantly
Ingenico, a leader in payment services, and the crypto trading platform Crypto.com have announced a partnership to enable crypto payments for Ingenico merchants worldwide. This innovative “plug-and-play” solution allows Ingenico merchants to accept cryptocurrency payments seamlessly, meeting the needs of over 680 million consumers. Central to this offering is Ingenico’s new merchant wallet, integrated with AXIUM Android terminals to streamline
In a notable achievement that underscores the growing importance of digital finance in Southeast Asia, Funding Societies has secured an impressive credit facility surpassing $100 million from HSBC’s ASEAN Growth Fund. This marks the third consecutive credit line extended by HSBC since 2022, reflecting a sustained commitment to supporting digital finance platforms addressing the needs of micro, small, and medium
MeaWallet, a renowned leader in digital payments specializing in card tokenization, has recently introduced innovative features to support Click to Pay, an online payment method designed to offer a seamless, secure, and faster online shopping experience. This development is set to elevate convenience for both consumers and merchants by enhancing the checkout process. Click to Pay functions similarly to contactless
In a move designed to give its customers more flexibility and ease when managing their finances, John Lewis & Partners has teamed up with Klarna, a global payments network and shopping assistant enhanced by artificial intelligence. This strategic partnership introduces Klarna’s Pay in 3 interest-free product on both the John Lewis website and mobile app. The initiative enables customers to
The 2024 Chargeback Field Report, released by Chargebacks911 alongside Edgar, Dunn & Company, reveals a concerning trend affecting businesses both large and small: over the past three years, 72% of merchants have experienced an increase in chargebacks, predominantly due to first-party misuse, commonly referred to as “friendly fraud.” As businesses grapple with this surge, many are resorting to raising prices
