The European Digital Payments Industry Alliance (EDPIA) in collaboration with Oxford Economics has conducted a revealing study examining the environmental impact of digital payments compared to cash transactions in three European countries: Italy, Germany, and Finland. These nations represent varying levels of digital payment adoption and maturity, providing a comprehensive perspective on the issue. According to the research, digital payments
The landscape of business travel payments is undergoing a significant transformation, thanks to the new strategic alliance between Conferma and Pliant. Conferma, a pioneer in virtual card solutions for the travel industry, and Pliant, a burgeoning FinTech company specializing in physical and virtual credit cards with integrated financial management tools, have joined forces. This collaboration aims to enhance the efficiency
The financial landscape is witnessing an innovative shift with the collaboration between Tangem, a crypto wallet provider, and Visa, a leading payment technology company. At the heart of this partnership is a groundbreaking payment card that integrates Tangem’s self-custodial hardware wallet, promising to merge the conveniences of traditional banking with advanced digital asset management. This disruptive innovation enables seamless payments
The launch of HSBC’s Zing money transfer app introduces a seamless, multi-currency financial solution designed to meet the needs of a modern, globally connected consumer base. Unveiled in the UK, Zing directly competes with Wise, another fintech giant specializing in international money transfers. With Zing, users can hold and transfer funds in multiple currencies, transact across over 200 countries and
Frello, the new peer-to-peer lending app, is set to revolutionize the way people manage financial emergencies by fostering a community-driven approach to lending. The brainchild of Chris Harder, a well-known entrepreneur and philanthropist, Frello is more than just a financial tool; it’s a movement toward a more inclusive and supportive financial ecosystem. By creating a platform where individuals in need
Nigeria’s micro, small, and medium enterprises (MSMEs) are the backbone of its economy, responsible for 60% of the country’s employment. Despite this critical role, these businesses face immense difficulties accessing formal credit. This inadequacy drives many MSMEs to informal lending systems, which thrive on trust and social capital. Digital lenders aiming to bridge this financing gap could benefit from emulating
The strategic partnership between NOW Money, a pioneering digital payroll and banking platform for migrant workers, and Mastercard, a global leader in the payments industry, aims to revolutionize financial inclusion among migrant workers in the GCC (Gulf Cooperation Council) region. Through this collaboration, migrant workers will gain access to Mastercard payment cards and comprehensive financial solutions, promoting their financial well-being
The financial technology (fintech) and payment solutions sectors are witnessing revolutionary enhancements with strategic partnerships and innovative product launches. A recent initiative that has captured significant attention is the collaboration between Outpayce, an eMoney institution licensed in Spain and spun out from the travel tech giant Amadeus, and Mambu, a renowned cloud banking platform. This partnership aims to introduce a
The rapid evolution of the financial technology landscape necessitates continuous modernization efforts from financial institutions. With changing customer expectations and shifting regulatory demands, the need for innovative, robust solutions becomes paramount. In line with this imperative, Azqore, a leading business and technology partner for wealth managers, has chosen Volante Technologies’ Payments as a Service (PaaS) solution. This strategic partnership aims
The travel industry, like many others, continuously evolves to meet the ever-changing demands and expectations of consumers. In a significant stride towards enhancing customer experience and engagement, Journey Mentor, a leading travel-tech SaaS company, has partnered with Tappit, a global payment, rewards, and data ecosystem provider. This dynamic five-year partnership aims to leverage advanced technologies and data-driven strategies to transform
EdfaPay, a prominent player in the fintech sector, has recently secured a license to operate within Morocco. This development signifies a major milestone for the company and a clear indication of broader trends within the rapidly evolving fintech industry. The expansion not only enhances EdfaPay’s global reach but also contributes to the advancement of Morocco’s financial ecosystem, underscoring key industry
The article “Banque de France and HKMA kick off cross-border CBDC project” explores a significant collaboration between the Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) centered on the development and testing of cross-border Central Bank Digital Currency (CBDC) infrastructures. This partnership marks a historic first as the HKMA becomes the pioneering central banking institution outside the
