Chipper Cash, a trailblazer in African financial services, and Visa, a global leader in digital payments, have announced an enhanced partnership aimed at furthering financial inclusion on the African continent. This exciting alliance seeks to accelerate growth and broaden the scope of financial services in Africa, addressing the challenges faced by underserved communities. Motivation for the partnership The motivation behind
Operational resilience has become a top priority for payment systems and providers as the industry undergoes revolutionary changes. The ability to resist, adapt to, and recover from disruptions is crucial in ensuring the smooth functioning of payment systems. This article explores why operational resilience is vital in the payments industry and the challenges, benefits, and strategies associated with it. The
Jifiti, a leader in white-label embedded lending, has recently obtained a European Electronic Money Institution (EMI) license, marking a significant milestone for the company. This achievement reinforces Jifiti’s commitment to upholding the highest standards of compliance and further enhances its ability to provide comprehensive payment solutions to banks, lenders, and merchants in Europe. Upholding Compliance Standards With the EMI license,
In a recent development, FERO, a payment solution provider, has secured a significant $3 million investment to expand and enhance its innovative platform. This infusion of capital comes at a crucial time as FERO aims to combat the staggering $5 trillion in annual revenue that merchants lose at the critical checkout stage. With this investment, FERO is poised to redefine
First Abu Dhabi Bank has partnered with global payment processor Mastercard to introduce the SlicePay card, a buy now, pay later (BNPL) solution powered by Mastercard’s Instalments Program. This new offering enables shoppers to securely and conveniently convert their purchases into four interest-free installments, providing a streamlined user experience and enhanced financial security. Overview of SlicePay Card The SlicePay card,
In recent years, Bangladesh has witnessed a remarkable surge in the adoption of mobile wallets and payment solutions. This trend has paved the way for the emergence of Conversational Commerce, enabling seamless transactions between businesses and consumers through messaging platforms. This article delves into the significance of mobile wallets and payment solutions in Bangladesh’s Conversational Commerce revolution. The Emergence of
For decades, the use of credit cards has been a cornerstone of the financial world. However, as technology continues to advance at an unprecedented pace, new payment technologies are emerging, promising convenience, efficiency, and enhanced security. Mobile wallets, digital currencies, contactless payments, and peer-to-peer (P2P) payment networks are examples of these technologies, reshaping the way we handle transactions. In this
In an effort to enhance the payment experience for online shoppers and e-commerce businesses, Walletdoc has formed a strategic partnership with Capitec Bank. This collaboration aims to bring convenience and ease to the world of online transactions. With the rapid growth of e-commerce, it has become crucial for businesses to provide seamless and secure payment solutions. The integration of Walletdoc
In a surprising turn of events, the retail industry is witnessing a significant shift in priorities, with nearly 49 percent of retailers expressing plans to expand their footprint over the next five years. This indicates a notable change from a 2016 survey where only 39.7 percent of retailers aimed to minimize space while 40.5 percent planned to expand. This article
The digital payment ecosystem has undergone a remarkable transformation in recent years, fueled by emerging trends that have revolutionized the way people transact. From the rapid adoption of contactless payments to the disruptive force of cryptocurrencies, the digital payment landscape continues to evolve at a rapid pace. In this article, we will delve into the key trends shaping the industry
In recent years, Nordic countries have emerged as pioneers in adopting cashless payment methods. With advancements in technology and changing consumer preferences, the use of physical currency has significantly declined. This article explores the growing popularity of cashless payments in the Nordic region, highlighting the dominance of mobile payments and the impact of contactless techniques. Statistics on Cash Usage in
Payhawk, a global spend management platform, has achieved a significant milestone by becoming a principal member of Visa, a world leader in digital payments. This strategic collaboration provides Payhawk with the opportunity to offer smart Visa corporate cards in multiple currencies, enabling businesses to effectively control spending at scale while saving precious time in managing expenses. Payhawk’s Platform: Empowering Businesses
