In a groundbreaking move aimed at bolstering consumer rights and protections, Curve, a leading digital wallet provider, has announced the extension of Section 75 protection to all cards used within its digital wallet, both credit and debit. This significant step ensures that users of debit cards, who have traditionally been left vulnerable in cases of faulty goods, unfulfilled services, or
In today’s globalized business environment, companies often face obstacles when transferring money across borders, with complex processes, high fees, and fluctuating exchange rates being some of the biggest challenges. FXellence, a company specializing in fast, simple, and secure international business payments, aims to resolve these issues with its new platform, FXellence International Payments, now launched in the UK. This intuitive
INXY Payments, a European Union-approved platform that integrates traditional finance with the burgeoning cryptocurrency economy, recently secured $3 million in funding. This round was led by Flashpoint VC and included contributions from notable angel investors, demonstrating significant confidence in INXY’s mission. The funding will be used to advance INXY’s goal of simplifying and securing cryptocurrency payments for businesses worldwide. Currently,
In recent years, Latin America has become a hotbed for digital payment solutions, yet many businesses and consumers still face challenges related to transaction efficiency and security. The collaboration between Kuady, a leading digital wallet solution, and BridgerPay, an omnichannel payment orchestration platform, seeks to revolutionize payment systems in this burgeoning market, facilitating smoother transactions and enhanced customer experiences. This
In today’s rapidly evolving financial landscape, the global shift toward cashless transactions is having a profound impact on the fintech industry, with key players like Visa Inc. (V), PayPal Holdings, Inc. (PYPL), and Jiayin Group Inc. (JFIN) at the forefront. These fintech trailblazers are pushing the boundaries by offering secure and efficient payment solutions, which are not only driving the
The integration of e-payment systems in schools across Singapore is transforming the way transactions are conducted in educational environments. This shift towards digital payments is not only enhancing efficiency and convenience but also promoting financial literacy among students. However, the transition comes with its own set of challenges and impacts on various stakeholders, including students, canteen vendors, and schools. The
Moniepoint has recently secured a strategic investment from Visa, aiming to enhance digital and contactless payments across Africa. This partnership marks a significant milestone for Moniepoint, solidifying its growing influence in the rapidly expanding fintech sector of the continent. Moniepoint is committed to advancing financial inclusion, supporting small and medium-sized enterprises (SMEs), and promoting cashless payment solutions in Nigeria and
Buy Now, Pay Later (BNPL) services have seen a significant increase in use in the UK, with 1 in 8 Brits or 6.8 million people using these services for the first time in 2024. This spike in new users is occurring even as the sector remains unregulated, with proposed changes not set to be enforced until 2026. Widespread Adoption Among
Curve has made a revolutionary move by becoming the first digital wallet to extend Section 75 protection to all purchases, including those made using debit cards. Traditionally, this UK consumer protection law applies exclusively to credit card transactions within the range of £100 to £30,000, providing security against issues such as faulty goods, unfulfilled services, and retailer insolvency. However, Curve’s
The fintech sector is witnessing a surge in funding activities, with several startups securing significant investments to fuel their growth and innovation. These funding rounds are not only enabling these companies to enhance their product offerings but also to expand their geographical footprint. The dynamic nature of the industry is evident as these startups leverage cutting-edge technologies to deliver innovative
In an effort to streamline the travel experience for rail passengers, South East England has initiated the rollout of a contactless train payment system. This modernization allows commuters to simply tap in and out at ticket barriers or machines at selected rail stations. Following unforeseen delays caused by a cyberattack on Transport for London (TfL), the innovative scheme is now
In an era where seamless and efficient payment processing is paramount for businesses, Mollie’s latest venture introduces Apple’s Tap to Pay on iPhone for its UK customers. This exciting development follows previous launches in France, the Netherlands, and Germany, signaling Mollie’s commitment to revolutionizing the digital payment landscape across Europe. By simplifying the payment process and removing the need for
