In recent years, UK businesses, particularly smaller merchants, have faced an escalating financial burden due to the increased card payment processing fees implemented by Visa and Mastercard. These fee hikes, which have steadily risen since 2017, pose a significant challenge to their ability to invest, innovate, and foster growth. With card transactions constituting a substantial portion of all payments, the
Egypt’s financial sector is poised for a major shift as TerraPay, a cross-border payment solution provider, partners with Banque du Caire (BDC), one of the country’s largest financial institutions. This collaboration focuses on enhancing remittance services for the Egyptian diaspora, who send approximately $30 billion annually back home. With TerraPay’s technology integrated into BDC’s infrastructure, the partnership aims to offer
In a significant stride towards reducing payment costs for Australian merchants, Australian Payments Plus has collaborated with Google to implement Least Cost Routing (LCR) for transactions conducted via Google Wallet. This initiative merges the country’s domestic payment providers—BPAY Group, eftpos, and NPP Australia—with Google’s technological expertise. This move is poised to offer local merchants the ability to route payments through
In an effort to tackle the challenges of financial literacy and responsible spending in the rapidly evolving financial landscape of the Middle East and North Africa (MENA) region, Mastercard and LikeCard have introduced a groundbreaking family banking solution. The initiative aims to provide both parents and children with a secure, intuitive digital banking experience that simplifies financial education and promotes
Nottingham Forest Football Club’s announcement of a partnership with Sokin, a UK-based payments company, signifies a crucial development in the enhancement of their international financial operations. This collaboration will see Sokin taking up the role of the Official Global Business Payments Partner for the club, managing Forex and global payments, as well as supporting e-commerce payment acceptance through Nottingham Forest’s
Italy has long been at the forefront of blending tradition with innovation, and the latest partnership between myPOS and Satispay represents a significant stride in transforming payment solutions for Italian merchants and consumers. The collaboration between myPOS, a fintech company dedicated to supporting small and medium-sized businesses in Europe, and Satispay, Italy’s leading independent mobile payment provider, promises to merge
In the past decade, the UK’s payment landscape has undergone a remarkable transformation that has profoundly altered how consumers and businesses handle transactions. As outlined in the 10th edition of the Worldpay® Global Payments Report (GPR), several factors, including technological advancements and shifts in consumer behavior, have contributed to this evolution. This article delves into the dramatic changes from 2014
In recent years, digital payment ecosystems have rapidly evolved to address the demands of an increasingly globalized economy. UnionPay International (UPI), a leading China-based payment firm, has made significant strides in enhancing the convenience of cashless transactions worldwide. In a groundbreaking move, UPI has partnered with Thailand’s National ITMX Co., Ltd. (NITMX) to facilitate seamless QR code payments between China
Mobile payments have revolutionized the way we shop and dine, providing unparalleled ease and security. In line with this trend, popular fast food chain Cook Out has started accepting Apple Pay and Google Pay across most of its locations, marking a significant shift toward more convenient, contactless transactions. This new feature enables customers to enjoy their favorite burgers, milkshakes, and
Visa, a global leader in digital payments, has introduced an innovative Tap-to-Add Card feature in Egypt, aiming to streamline and enhance the digital wallet payment process. This groundbreaking technology is geared to increase digital wallet adoption by simplifying how users can add their contactless cards to their mobile devices. The need for manual data entry, which often leads to errors
Southeast Asia’s (SEA) e-commerce market is on the brink of monumental growth, primarily driven by the rapid adoption of digital payments and advancements in cross-border commerce. A recent InfoBrief by IDC, commissioned by global payments platform 2C2P and Antom, forecasts this thriving market to surge to an impressive $325 billion by 2028. The Rise of Digital Payments Revolutionizing Transactions Digital
The e-commerce market in Southeast Asia is experiencing unprecedented growth, largely driven by the rapid adoption of digital payments and increased opportunities in cross-border commerce. According to a new InfoBrief from IDC, this market is expected to reach an impressive US$325 billion by 2028. This shift is fueled by both the widespread adoption of mobile wallets and real-time payments (RTPs)
