As the global economy becomes increasingly interconnected, cross-border payments have emerged as a crucial aspect of international business transactions. The value of these payments is expected to skyrocket, with estimates suggesting a remarkable increase of $100 trillion between 2017 and 2027. Moreover, with a specific focus on B2B payments, experts project that by 2030, these transactions will amount to an
Nium, a global payments provider, has recently expanded its B2B travel payments offering in the Asia Pacific (APAC) region. This expansion comes as the travel industry continues to recover from the impact of the pandemic and seeks more efficient and secure ways to conduct international transactions. Efficient Payments for Travel Intermediaries and Operators Travel intermediaries and operators have been leveraging
The lending landscape in the Philippines is undergoing a significant transformation, with point-of-sale loans (POS) emerging as a popular choice among consumers. Projections indicate that the value of POS loans is set to reach an impressive ₱1.67 trillion by 2028, reflecting the growing preference for this flexible financing option. This article delves into the factors driving the surge in POS
The next decade is poised to witness an unprecedented surge in digital payments. With advancements in technology and changing consumer preferences, cash is expected to decline as a payment method in three of the six countries studied. As we enter this era of transformative payments, contactless payments are expected to gain immense popularity, followed by the rise of smartphone payments
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has officially launched ‘Aani’, an instant payments platform aiming to transform the landscape of digital payments in the UAE. With a vision to establish seamless, secure, and instant digital payments, Aani is a key initiative under the Central Bank of the UAE’s Financial Infrastructure Transformation (FIT)
In today’s rapidly changing business landscape, companies across the UK, US, and Eurozone are reconsidering their relationships with payment service providers (PSPs). A recent survey reveals that a significant number of businesses plan to end their ties with their current PSPs in the next twelve months. Additionally, there is a growing trend among companies to consolidate the number of PSPs
Visa, a global leader in financial services, is set to introduce the Visa Instalment Solution (VIS) in the GCC region for the first time. VIS aims to offer eligible Visa credit cardholders flexible payment options, effectively managing budgets, and making larger purchases more affordable. This innovative solution is set to transform the payment landscape, benefiting consumers, businesses, issuers, and acquirers
In today’s fast-paced digital age, convenience and security are paramount when it comes to payment solutions. Apple Pay, the innovative payment and digital wallet system developed by Apple, has revolutionized the way we make payments and purchases. With its seamless integration and advanced security features, Apple Pay has become a game-changer in the world of mobile payments. This article explores
In an effort to cater to the growing demands and expectations of online shoppers, PayPal has introduced a new package tracking feature on its app. This feature allows users to instantly see the status of their online orders, providing them with real-time updates and ensuring a hassle-free shopping experience. Integration with Gmail To streamline the tracking process, PayPal has integrated
TerraPay and Papara have joined forces in a strategic collaboration to provide nearly 17 million users of Papara wallets with secure, simple, and seamless cross-border money transfer solutions. This partnership marks a significant step forward in their shared mission to make international payments more accessible and user-friendly for people everywhere. TerraPay’s Mission and Capabilities TerraPay is renowned for its innovative
Safety and security are paramount considerations for merchants when selecting payment methods. According to a recent report by Payments Europe, 72 percent of European merchants prefer cards over other payment options. This article explores the findings of the “Safety, Convenience and Choice: The True Value of Cards” report, which surveyed 1,560 physical and online retail merchants across France, Germany, Italy,
CloudWalk, a global financial services platform and a pioneer in developing a cloud-based payments platform, has achieved remarkable success in the first half of 2023. With a total revenue of US$151.350 million, representing a significant 56% increase compared to the same period last year, CloudWalk is on track to hit the US$300 million mark in annual recurring revenue. This stellar
