In a significant move aimed at tackling the daunting issue of revolving debt in the UK, Experian, the global leader in credit reporting and analytics, has announced a promising partnership with Paylink Solutions, a key player in financial technology. This collaboration aims to incorporate Paylink’s ReFi™ technology into the Experian Consumer Services Marketplace, addressing systemic lending issues that hinder access
Kuady, a leading payment service provider in Latin America, recently announced the launch of a physical prepaid Mastercard in Peru, broadening its existing offerings beyond virtual cards introduced in August of last year. This new initiative aims to bridge the gap between online and in-store purchases by allowing users to make secure transactions with any merchant that accepts Mastercard, using
Imagine a scenario where rural consumers, especially casual laborers and differently-abled individuals, no longer have to travel long distances and skip work just to pay their electricity bills. This thought-provoking idea became a reality in the East Avinashi section of the Tiruppur circle, thanks to an innovative initiative by B. Murugan, a revenue supervisor in the Tiruppur circle of Tangedco
Nomupay, a Dublin-based payment infrastructure provider, has successfully secured €35.9 million ($37 million) through an investment round aimed at expanding its unified payments platform across Asian markets. This strategic move is driven by the necessity to address market fragmentation in the region, where merchants often struggle with varying regulations and diverse payment preferences. Nomupay’s technology facilitates the processing of online
The global payment landscape is undergoing a technology-driven transformation, and Mastercard’s predictions for 2025 highlight the significant advancements and trends that will shape the future of digital payments. As we move towards a more interconnected and efficient digital economy, these innovations promise to enhance security, simplify transactions, and offer inclusive financial solutions for both consumers and businesses. Outsmarting AI Fraudsters
In today’s interconnected world, the boundaries meant to keep businesses confined within certain geographical limits have dramatically shifted. Technological advancements facilitate seamless operations across continents, allowing companies to tap into burgeoning markets and harness a global talent pool. However, while technology has made geographical barriers increasingly irrelevant, it has not yet entirely overcome the challenge of managing payments for an
In a landmark move, the European Union has ushered in the transformative Instant Payments Regulation (IPR), which mandates the integration of instant payment capabilities for all Payment Service Providers (PSPs) within its jurisdiction. This sweeping regulation sets in motion two pivotal deadlines, with PSPs required to be capable of receiving instant payments by January 9, 2025, and to ensure full
The BIS Committee on Payments and Market Infrastructures (CPMI) has recently announced new initiatives aimed at promoting the adoption of harmonized ISO 20022 data requirements for enhanced cross-border payments. This move seeks to streamline and standardize the processes involved in making cross-border payments, thereby enhancing efficiency. The CPMI plans to oversee these data requirements until the conclusion of the G20
The rise of cryptocurrencies has brought forth numerous opportunities and challenges within the digital commerce landscape, and Qarddin Token is at the forefront of this revolution. Qarddin Token positions itself as a leading e-commerce platform tailored specifically for cryptocurrency enthusiasts. By integrating a robust ecosystem powered by its native tokens, Qarddin enables users to generate revenue through various innovative projects.
TransUnion has recently announced a significant move that marks its continued expansion in the global consumer credit market by entering into a definitive agreement to acquire Monevo, a personal credit platform and API provider. This acquisition, pending regulatory approval, is expected to be finalized by the second quarter of 2025, although the financial terms of the deal remain undisclosed. This
The digital lending market in the Philippines has shown remarkable growth, driven by increasing consumer demand for online technologies and supportive governmental policies. Digido, a study, predicts that this dynamic market could potentially exceed $1 billion in the latter half of 2025. This optimistic projection is significantly higher than the anticipated market size of $796 million by the close of
Visa has partnered with Qashio, a UAE-based spend management specialist, to launch a groundbreaking initiative aimed at revolutionizing B2B travel payments. The Visa Commercial Choice Travel program is designed to streamline payment processes specifically for the travel and tourism sector. With a substantial commitment of over AED 100 million ($27 million), this collaboration draws on Visa’s robust digital payment platform
