In a significant departure from its traditional approach, Apple has announced plans to permit third-party apps in the US to include outside links to developer websites for in-app purchases. This decision marks a pivotal moment in the evolution of the app marketplace, offering developers newfound freedom and consumers greater choices. However, developers must first apply for an “entitlement” to use
Shiprocket, the leading eCommerce enablement platform, has joined forces with Truecaller, the popular communication app, in a strategic partnership aimed at reshaping the online shopping experience for consumers and empowering independent eCommerce merchants. With this collaboration, Shiprocket seeks to streamline the mobile onboarding process for its 3 lakh merchants in India, ultimately delivering a frictionless experience for shoppers. Streamlining Mobile
Paymob, a leading fintech company, has achieved a significant milestone in its expansion efforts with the acquisition of the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) license. This remarkable accomplishment positions Paymob as the first international fintech company to be fully licensed in the Sultanate. The PSP license grants Paymob the authority to accept and process online and
In a bold move to redefine billing infrastructure, two leading companies have joined forces to empower businesses with unparalleled flexibility in pricing structures. This groundbreaking collaboration aims to revolutionize the way businesses transact and navigate the complexities of the digital marketplace. Benefits for Businesses With this collaboration, businesses can anticipate a billing infrastructure that is more intuitive and dynamic. This
Tencent, a leading technology company in China, has introduced an innovative palm scanning service called Weixin Palm Payment. This groundbreaking technology is transforming the way users engage in their daily activities, allowing them to forego traditional essentials such as house keys, wallets, or smartphones. With the aim of integrating palm payments into diverse scenarios for unparalleled convenience, Tencent’s venture into
In a significant industry milestone, TreviPay has joined forces with Mastercard to introduce its Universal Acceptance solution, revolutionizing B2B payments. This innovative partnership aims to extend supplier access and expedite the implementation of TreviPay’s cutting-edge payment and invoicing technology. By leveraging Mastercard’s extensive commercial card payment capabilities and worldwide acceptance network, this collaboration brings together the best of both worlds
As the world becomes increasingly digitized, the convergence of tokenization and blockchain is ushering in a new era of value creation and innovation in the payments industry. This transformative pairing is revolutionizing the way financial transactions are conducted by offering enhanced security, transparency, and efficiency. In this article, we will explore the profound impact of tokenization and blockchain on the
The National Bank of Oman (NBO) has recently entered into a strategic partnership with PayMate India SPC, a leading B2B digital payments company. This collaboration aims to revolutionize the B2B payment landscape by harnessing PayMate’s innovative solutions. By leveraging their expertise, NBO and PayMate are set to enhance business efficiency, provide detailed reporting, enable quick reconciliation, and offer transparent cash
RBI Governor Shaktikanta Das has expressed concerns regarding algorithm-based lending by banks and non-banking financial companies (NBFCs). While acknowledging the benefits of this approach, he emphasized the need for continuous testing to prevent any potential risks. This article delves into the implications of algorithm-based lending and the measures required to mitigate associated risks. Overview of Model-Based Lending Approach The model-based
The world of cryptocurrency continues to grow and evolve, and BitPay, a leading cryptocurrency payment service provider, is no exception. In a recent announcement, BitPay revealed its dedication to accommodating a wide array of cryptocurrencies beyond its initial focus on Bitcoin. This strategic move not only caters to the evolving preferences of the crypto community but also aligns with the
In today’s rapidly evolving consumer landscape, understanding the intricate patterns and clashes between different approaches becomes crucial for providers seeking to optimize their subscription offerings. This article aims to delve into key trends and considerations in the subscription industry, highlighting the rise of multi-model subscribers, the dominance of younger consumers, and the importance of enjoyment and convenience in subscription choices.
The financial services industry is undergoing a remarkable transformation driven by the rapid advancement of interoperability. This groundbreaking concept promises to redefine how we pay and get paid, offering seamless interactions between once disparate systems. In this article, we explore the various aspects of payment interoperability and its cascading benefits throughout the entire payment ecosystem. Defining Payments Interoperability and Seamless
