The German government has made a strategic decision to partner with Episode Six (E6), a firm specializing in enterprise-grade payment processing, and Secupay, a payment solutions and services provider, to streamline the disbursement of aid to asylum seekers. This collaboration will see them issuing payment cards to about one million asylum seekers over the next four years, aiming to provide
In a rapidly evolving digital economy where eCommerce drives much of the commercial activities, the collaboration between MyFatoorah and Mastercard introduces a transformative payment gateway platform aimed at revolutionizing the Middle East’s digital payment landscape. MyFatoorah, recognized as a licensed payment service provider (PSP) in the Middle East, has partnered with Mastercard to offer an enhanced customer experience for over
Digital wallets are rapidly becoming a cornerstone of the global financial landscape. As we approach 2025, these software-based systems, which securely store payment information and passwords, are being adopted at an unprecedented rate. This surge is driven by the demand for innovation, convenience, and more secure payment methods among consumers and businesses. The impact of digital wallets is set to
In the evolving landscape of B2B transactions, TreviPay is making significant strides by integrating a dynamic trade credit application into the buyer onboarding process. This noteworthy advancement enhances their order-to-cash (O2C) offering, significantly transforming the traditional approach. With TreviPay’s improved risk management platform, business buyers now have the convenience of applying for trade credit through a self-serve application, streamlining the
As the holiday shopping season approaches, UK retailers must prepare for the influx of orders and transactions expected during Black Friday and Cyber Monday, collectively known as “Cyber Weekend.” These retailers are on the brink of a golden opportunity to capture significant revenue, with last year’s Black Friday sales totaling an impressive £13.3 billion. To fully capitalize on this peak
HSBC, one of the world’s leading banking and financial services organizations, has introduced a new platform called Smart Transact, aimed at simplifying payments for businesses with international growth ambitions. This innovative initiative is a part of HSBC’s broader mission to support businesses with streamlined payment solutions, addressing the complexities of both domestic and cross-border transactions. Smart Transact promises to provide
In a significant development in the financial technology sector, NORBr, a no-code, omnichannel-ready Payment Infrastructure as a Service (IaaS) provider, has garnered €3 million in funding. Contributed by Alstin Capital and previous investor Portfolion, this investment seeks to strengthen NORBr’s omnichannel payment solutions, emphasizing advancements in payment terminal management, operational efficiency, and stringent compliance. Given the global payments market’s projection
The rapid evolution of digital payment technologies has revolutionized the way we conduct transactions, making our financial lives more convenient and efficient. However, this evolution has also introduced new avenues for criminal activity, particularly in the form of Authorized Push Payment (APP) fraud. This type of fraud has not only caused substantial financial losses but also inflicted significant psychological distress
A strategic partnership between Mollie, one of the fastest-growing financial service providers in Europe, and PayPal is set to transform marketplace payments across the continent. By incorporating PayPal into its payment solutions, Mollie aims to provide an expansive, seamless experience for its customers, many of whom already prefer using PayPal. This collaboration marks a significant development in Mollie’s mission to
Imagine a world where forgotten PINs or stolen cards no longer haunt your financial transactions; this future is closer than you think with the advent of biometric payment cards. Biosmart, a leader in the global smart card technology industry, has recently received Mastercard’s Letter of Approval (LoA) for its biometric payment cards. Built on the IDEX Pay platform, this approval
HSBC has recently introduced Smart Transact, an innovative payments management solution specifically designed for businesses aiming to expand their international presence. As companies grow and diversify into different markets, managing transactions across various borders can become a complex and time-consuming task. Smart Transact addresses these challenges by offering a centralized, adaptable system that consolidates multiple payment functionalities into one seamless
In the dynamic world of financial technology, partnerships have often proven to be catalysts for innovation, driving the sector toward more efficient and customer-friendly solutions. The recent collaboration between Zing, a UK-based international payments app, and Checkout.com, a global digital payments provider, promises to be a game-changer for the payments industry. Since its inception, Zing has aimed to make international
