The National Bank of Egypt (NBE), the largest commercial bank in the country, has taken a significant step towards modernizing the payment experience for its customers by introducing Apple Pay. This state-of-the-art payment solution allows for a safer, more secure, and private way to complete transactions without the need to hand over physical payment cards, touch shared buttons, or exchange
In a significant move to enhance the payment experience for users in Latin America, Kuady, a payments service processor, has collaborated with MeridianBet, a global sports betting and gaming provider. This partnership enables MeridianBet customers to take advantage of Kuady’s comprehensive payment services, including real-time deposits and withdrawals. One of the standout features of Kuady’s digital wallet is its robust
As the digital payments industry continues to experience tremendous growth driven by technological advances and changing consumer preferences, investors are keenly watching for the top stocks in this sector. According to The Business Research Company, the global digital payments market was valued at $115.93 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of
In an ambitious move aimed at bolstering digital payment security, Mastercard has announced plans to eliminate physical card numbers and passwords from online transactions by 2030. Utilizing advanced technologies like artificial intelligence, tokenization, biometric authentication, and the Click to Pay digital wallet system, the company is doubling down on efforts to safeguard customer information. This initiative responds to the escalating
In a significant move that promises to bridge the gap in cross-regional digital payments, UnionPay International and WeChat Pay have announced a new collaboration. This partnership allows users from eight additional UnionPay partner e-wallets to scan and use WeChat Pay QR codes for making payments in Mainland China. Among these e-wallets, four are rooted in Hong Kong, namely BoC Pay,
In a move poised to revolutionize international money transfers, CARD.com Corporation has announced a new collaboration with Visa to introduce Visa Direct Cross-Border payments. This partnership is set to provide CARD.com customers with fast, secure, and seamless global payment options, aligning with the company’s commitment to offering innovative financial solutions tailored for both B2C and B2B clients. By integrating Visa
In a move that could significantly enhance the efficiency of B2B payments in Brazil, fintech company KEO World has partnered with BTG Pactual Bank S.A., the largest investment bank in Latin America. By combining the strengths of both entities, this strategic collaboration aims to transform the B2B payment landscape through innovative, digital solutions. Central to this endeavor is the integration
On November 21, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule to enhance its supervisory authority over nonbank digital payment application providers identified as “larger participants” in the general-use digital consumer payment applications market. The rule, which comes into effect on January 9, 2025, aims to bolster consumer privacy protections, reduce fraud, and address unlawful “debanking” practices.
In a significant move towards promoting digital payments in Nigeria, Jumia, a leading e-commerce platform in Africa, has partnered with PalmPay, a fintech company that operates Nigeria’s most used mobile wallet. This strategic collaboration integrates PalmPay as a payment method on Jumia, which aims to provide a seamless and reliable checkout experience for online shoppers. Both companies are committed to
In an era where digital transformation is redefining financial landscapes, Maya, a leading Digital Bank and Payments Processor in the Philippines, is leveraging a landmark initiative known as QR Ph to revolutionize digital lending and payments across the nation. QR Ph, launched by the Bangko Sentral ng Pilipinas (BSP), amalgamates numerous proprietary QR codes into a single, universal system designed
Juicyway, a leading payment startup utilizing stablecoin technology, has recently emerged from stealth mode by announcing a significant $3 million pre-seed funding round. This groundbreaking initiative, led by P1 Ventures with support from Ventures Platform, Future Africa, Magic Fund, and other investors, aims to transform cross-border payments for African individuals and businesses, facilitating a more seamless connection to the global
In a strategic move aimed at reshaping the e-commerce landscape of Nigeria, Jumia, one of Africa’s largest online marketplaces, has partnered with PalmPay, a Nigerian fintech company, to enable payments directly from PalmPay wallets. This integration promises not only to streamline the online shopping experience but also to address the growing demand for more secure and cost-effective payment solutions. With
