Irish banks have made the difficult decision to abandon their plans of launching a mobile payments app as they faced regulatory holdups and a rapidly changing payments landscape. The app, named Yippay, was being developed by Synch on behalf of AIB, Bank of Ireland, and Permanent TSB, with the aim of competing against popular fintech companies like Revolut. Goals of
In today’s fast-paced digital world, Alternative Payment Methods (APMs) have gained significant traction, allowing consumers to make purchases conveniently and securely. Recognizing the importance of catering to evolving consumer preferences, Nuvei Corporation, a Canadian FinTech company, has introduced direct connectivity to BLIK, Poland’s prominent mobile payment method. This strategic move aims to enhance the eCommerce landscape by offering seamless and
Payment infrastructure provider Mangopay has recently launched an FX (foreign exchange) solution aimed at revolutionizing how online platforms handle currency conversions in cross-border transactions. This new solution brings more transparency and control to the process, empowering platforms to explore new revenue avenues, offer localized payment experiences to users, and gain better control over their treasury operations. Transparency and control One
In a groundbreaking move, Alkami Technology, a leading provider of cloud-based digital banking solutions for U.S. financial institutions, has announced its partnership with Plaid, a trusted provider of financial data connectivity and transfer solutions. This partnership allows Alkami to offer direct access to Plaid’s services through the Financial Data Exchange (FDX) API Core Exchange, positioning Alkami as the first major
In the ever-evolving world of e-commerce, payment gateways play a pivotal role in facilitating secure and efficient online transactions. Acting as a bridge between customers, merchants, and financial institutions, these technological marvels enable the seamless transfer of funds while ensuring the safety of customer data. In this article, we will delve into the definition and process of payment gateways, explore
China’s e-commerce industry has witnessed exponential growth in recent years, with online shopping becoming an integral part of daily life for millions of Chinese consumers. The convenience and accessibility offered by online platforms have transformed the way people shop, with a wide range of products and services available with just a click of a button. This rapid expansion has been
Magnati, a leading player in the payment solutions industry in the Middle East, has partnered with TerraPay, a global partner for banks, mobile wallets, money transfer operators, and financial institutions, to revolutionize cross-border payment solutions. This collaboration aims to transform the way African visitors and residents in the UAE make payments, providing them with a seamless and convenient experience. Objective:
The world of finance continues to evolve as technological advancements provide new opportunities for innovation. JP Morgan’s Onyx has introduced a groundbreaking feature that allows users to program their transactions: programmable payments. This new solution, built on the foundation of blockchain-based accounts on JPM Coin, provides users with unprecedented control and flexibility in managing their finances. In this article, we
Governance bodies in Europe have recently reached a consensus on new rules aimed at increasing the availability of instant payment services for customers and businesses across the continent. These rules, agreed upon by the European Council and the European Parliament, will enable banks, payment service providers (PSPs), e-money institutions (EMIs), and payment institutions (PIs) to offer instant payments alongside standard
Composable commerce platform, commercetools, has recently announced an exciting collaboration with PayPal aimed at offering a wider range of payment options for customers. This strategic integration with PayPal’s Braintree payment platform will provide commercetools’ customers with seamless access to multiple payment providers, acquirers, and banks. With a focus on delivering frictionless experiences for consumers and backend developers, this partnership aims
The Middle Eastern e-commerce industry has witnessed a remarkable surge in recent years, with consumers increasingly relying on online shopping for their everyday needs. As this trend continues to gain momentum, the need for efficient and secure payment systems becomes increasingly crucial. This article explores the growing popularity of mobile payments and the role of blockchain technology in revolutionizing the
Halifax Transit has unveiled its latest initiative to simplify and accelerate the boarding process for riders. By introducing a mobile ticketing app, the agency aims to enhance the rider experience, increase efficiency, and streamline access to bus and ferry services in Halifax. The innovative digital payment system eliminates the need for physical tickets or cash, allowing riders to purchase fares
