The advent of digital payment platforms has revolutionized the way we conduct transactions, making payments more convenient and secure. However, challenges are now emerging for these platforms as they strive to attain profitability. This article examines the obstacles faced by e-wallet providers in Hong Kong, raises questions about their profitability, and discusses potential strategies to bridge the gap. Challenges faced
People’s Bank, a trusted financial institution, has teamed up with Corserv, a leading provider of comprehensive banking solutions, to deliver an industry-leading credit card program. This strategic partnership aims to enhance People’s Bank’s offerings and provide its customers with cutting-edge credit card products that cater to their specific needs. Corserv’s Comprehensive Program Corserv’s robust and comprehensive program empowers People’s Bank
The e-commerce industry in Singapore has been experiencing robust growth, driven by factors such as high internet connectivity, widespread smartphone penetration, and a well-developed payment infrastructure. Moreover, the COVID-19 pandemic has significantly accelerated the shift in consumer preference from traditional brick-and-mortar stores to online channels. In this article, we will delve into the evolving e-commerce payment landscape in Singapore, particularly
Mastercard and Riskified have joined forces in a strategic partnership aimed at helping businesses boost their eCommerce revenues while minimizing the risks associated with fraud. This collaboration represents an innovative avenue for companies to accelerate their online growth while mitigating instances of chargebacks and fraudulent activities. Benefits of the Partnership The partnership between Mastercard and Riskified offers several advantages to
In a move to enhance account holder engagement, Mahalo Banking and Larky have announced an expansion of their partnership. This strategic collaboration aims to leverage Larky’s Nudge Platform to provide tailored notifications and relevant branch information to all Mahalo clients. By integrating Larky’s innovative engagement technology into Mahalo’s comprehensive digital banking suite, the partnership seeks to create a more innovative
In a bold move to solidify its position in the e-commerce space, Shopify is expanding the availability of its popular payment feature, Shop Pay, to enterprise retailers who do not use its storefronts. With this expansion, the company aims to capture a larger market share and better compete against rivals like Salesforce and Commerce Cloud. Expansion of Shop Pay to
In today’s fast-paced and interconnected world, payment rails have become an essential component of any successful business. Serving as the underlying infrastructure, payment rails enable businesses to send and receive payments quickly and efficiently. They play a vital role in managing cash flow, reducing the risk of fraud and errors, and meeting customer expectations. The role of payment rails in
The central banks of Singapore and Indonesia have announced their plans to revolutionize cross-border payments by introducing the use of QR codes. Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) aim to incorporate this innovative technology into their payment systems before the end of the year. The introduction of QR code payments is expected to enhance efficiency, speed,
In a world where convenience and instant gratification are highly valued, the concept of Buy Now, Pay Later (BNPL) has gained significant popularity. This payment option allows customers to purchase items and pay for them later, often with little to no interest charges. While BNPL has its benefits, some consumers are looking for alternatives to credit card purchases to avoid
Brazilian fintech player Matera is set to revolutionize the country’s instant payments landscape by integrating artificial intelligence (AI) into its platform. This major development comes after Matera’s recent acquisition of local outfit Cinnecta, a move that will enable Matera to harness Cinnecta’s advanced AI capabilities. With this strategic partnership, Matera aims to develop innovative products and services tailored to financial
PayTabs Group, a leading payment solutions provider in the Middle East and North Africa (MENA) region, has announced a strategic partnership with Middle East Payment Services (MEPS) Palestine to revolutionize digital payments in Palestine. The primary objective of this alliance is to empower and enable small and medium-sized merchants, e-commerce entrepreneurs, webpreneurs, and creators in Palestine by providing seamless and
In a bold move that could potentially disrupt the payments landscape, Amazon has unveiled its latest innovation: palm scanning technology for payment purposes. This unexpected development poses a significant challenge to tech giants Apple and Google and could redefine how we transact in the future. The ambition of Amazon’s palm scanning technology Amazon’s new palm scanning payment system, known as
