Digital payments have ushered in a significant transformation in Nepal’s economy, swapping traditional cash transactions for electronic methods.QR codes have become ubiquitous from malls to street vendors, and this shift is expected to remarkably alter GDP figures over the next decade. The Shadow Economy and Tax Evasion Historical Struggles with the Shadow Economy For years, Nepal’s economy has grappled with
Mastercard has unveiled a comprehensive five-year plan to revolutionize payments in Australia. This strategy aims to tackle issues in the current payment landscape, including high card fraud and inefficient payment processing.Key initiatives include enhancing transactional security, speeding up payment settlements, and easing sensitive data management for small businesses. Central to this plan is the adoption of tokenization through the “Click
Papa Johns has taken a significant step to enhance its customers’ payment experience by partnering with TrueLayer, a prominent European Pay by Bank network.This collaboration is set to revolutionize the payment process by integrating open banking technology, allowing customers to make payments directly from their bank accounts without needing credit card details. The result is a safer, faster, and more
In a rapidly evolving retail landscape, payment methods are crucial in enhancing user experience and driving sales. With the rise of flexible payment solutions, consumers seek more convenient and transparent ways to manage their expenses.Addressing this demand, Affirm has deepened its multi-year partnership with J.P. Morgan Payments, bringing a new dimension to checkout payments. This collaboration aims to provide US
Outpayce, an end-to-end travel payments company, has made a groundbreaking move by launching the first dedicated ‘payments marketplace’ specifically designed for the travel industry.Developed in collaboration with several airlines, this innovative platform allows airlines to effortlessly browse, sort, and filter payment partners via the Outpayce Xchange Payments Platform (XPP). This development addresses longstanding challenges faced by travel companies in identifying,
The future of the payments landscape is at the center of discussion at the upcoming NextGen Nordics event, scheduled for April 29, 2025, at the Münchenbryggeriet in Stockholm, Sweden. A convergence of top industry leaders, innovators, and regulatory experts will offer insights into the advancements, innovations, and transformative developments shaping the financial services sector in the Nordic region. This event
The financial landscape in the UK is undergoing a profound transformation, driven by the widespread adoption of contactless payment technology.Barclays has reported a major update to its contactless card technology, marking a record 94.6% of all eligible in-store card payments made via contactless methods. This rapid growth not only underscores an increasing reliance on digital payments among the population but
The financial landscape is undergoing an extraordinary transformation as MoneyGram and Mastercard join forces to revolutionize digital money transfers both domestically and internationally.This groundbreaking partnership promises to enhance financial access and inclusion by providing customers with fast, secure, and virtually real-time payment solutions. At the core of this collaboration is the integration of Mastercard Move, a portfolio of advanced money
Fipto, a blockchain-based payment infrastructure company, has achieved a monumental milestone by securing its second stablecoin regulatory license in France. Issued by the French Prudential Control and Resolution Authority (ACPR), which is a part of the Bank of France, this accreditation allows Fipto to seamlessly integrate stablecoins into the existing global payment systems. This development enables the company to send
In a significant collaboration aimed at enhancing financial inclusion and fostering economic growth, Mastercard and Ethio Telecom have joined forces to address myriad barriers to financial access in Ethiopia. This partnership leverages Mastercard’s global capabilities and Ethio Telecom’s extensive customer base to connect Ethiopian users to global financial systems and empower unbanked populations. By enabling secure local and international transactions
Amidst the ongoing digital transformation in commerce, UK merchants have taken significant strides to enhance their payment solutions for international consumers, particularly Chinese tourists. Through a strategic partnership between PXP and PayXpert Ltd., UK merchants will now be able to accept QR-based payments, such as Alipay+ and WeChat Pay, which are prominently used by Chinese consumers. Simon Brayshaw, VP of
International payments have long posed significant challenges for those in Ghana and many other African countries, with issues ranging from high transaction fees to delayed processing times. The advent of Send App by Flutterwave has brought a new wave of innovation to this sector, aiming to address these challenges and streamline the process for both individuals and businesses. This app
