With the rapid digitalization of the payment sector, fraud attacks have become increasingly prevalent, causing significant financial losses for individuals, businesses, and economies worldwide. This article aims to analyze the rising trend of fraud attacks in the payment sector, with a focus on regional trends and the challenges faced in combating such fraudulent activities. North America: The Most Targeted Region
Saudi-based business lending marketplace, Lendo, has recently announced a successful Series B funding round, raising an impressive $28 million (SAR 105 million). The funding round was led by Sanabil Investments, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF). With this latest round, Lendo’s total funding has reached $35.2 million (SAR 132 million), further solidifying its position in the market.
GoCardless, a leading bank payment company, has partnered with Acre, an all-in-one platform for mortgage and protection brokers, to revolutionize the way service fees are collected from clients. This partnership aims to simplify and optimize the payment process, making it more seamless and cost-effective for brokers. Integration of Payment Features GoCardless integrates two essential payment features, namely direct debit for
The world of payments is evolving at an unprecedented pace, driven by technological advancements and changing consumer preferences. As we approach the year 2024, it becomes evident that decentralized systems, enhanced security measures, personalized experiences, and sustainable practices are set to shape the payments landscape. In this article, we delve into the key trends that will define payments in the
In a surprising move, Amazon.com Inc (NASDAQ: AMZN) announced that it would no longer offer Venmo, a popular payment method backed by PayPal Holdings Inc (NASDAQ: PYPL). This decision has created a significant impact on PayPal’s stock value while shedding light on the growing importance of web3 payments in the modern digital landscape. Amazon Drops Venmo as a Payment Option
In an ever-evolving retail landscape, innovations in and around the point of purchase have become essential for improving the overall customer experience. Whether it is in-store or online, technology plays a pivotal role in streamlining operations, enhancing security, and personalizing interactions. As we approach the holiday season, retailers must reimagine the power of payments to strengthen their defenses, ensure efficiency
In a move aimed at providing relief to small businesses, Canada has finalized a deal with Visa and Mastercard to lower credit card interchange fees. This agreement, which is expected to bring significant cost savings to eligible businesses, represents a positive step towards supporting the growth and success of small businesses in the country. Fee cuts for eligible businesses Under
In today’s rapidly evolving digital landscape, traditional e-commerce approaches are no longer sufficient to meet the demands of consumers. The emergence of composable commerce offers a groundbreaking solution that revolutionizes how companies approach e-commerce. By adopting composable commerce, businesses can gain the agility and flexibility required to create personalized, high-performance e-commerce experiences that resonate with their customers. The Benefits of
IDEX Biometrics and Toppan Gravity, a wholly-owned subsidiary of the Toppan Group, have announced a strategic partnership to introduce innovative biometric cards. This collaboration aims to address the growing demand for reliable and user-friendly payment options in today’s digital era. By leveraging their respective expertise, the two companies seek to revolutionize the banking and identity solutions landscape, particularly in the
Coinbase, one of the leading cryptocurrency exchange platforms, is introducing a new messaging payment feature that has far-reaching implications for both users and the broader payment industry. Designed to emulate the ease of transactions seen in traditional payment platforms like PayPal, this innovative feature aims to make cryptocurrency transactions more accessible, user-friendly, and in line with everyday communication habits. Coinbase’s
The revolutionary messaging payments technology emerges as a catalyst for a new era in digital commerce. Tailoring Offerings for Teens Apps like Amazon, Uber Cash, Cash App, Venmo, and even Fidelity have tailored their offerings for the younger demographic aged 13 to 17. This strategic move by these industry leaders highlights the growing influence and purchasing power of teenagers in
The global market for wearable payments is experiencing remarkable growth, with projections estimating a staggering compound annual growth rate (CAGR) of 18.31%, reaching USD 180.29 billion by 2030. This surge is primarily driven by the rapid digitization sweeping across Asia-Pacific’s emerging economies, where the shift towards cashless payments is evident. Wearables offer convenience, formalize transactions, and reduce human errors, making
