Digital payments have surged in South Africa, with more people opting to tap or scan from their smartphones rather than using cash or cards. Digital wallet usage grew by 9% in 2023, with around 60% of South Africans now preferring digital wallets for their security, convenience, and ease of payment tracking. Just a few years ago, mobile payments were a
KnitWell Group, known for its prominent American fashion brands, has joined forces with Synchrony, a top consumer financial services firm, to offer expanded payment choices for patrons of Chico’s, WHBM, and Soma. This strategic, multi-year partnership will introduce rewards and flexible financing solutions that include both a private label credit card and a dual-branded Mastercard for each brand. This innovative
In an era marked by digital transformation and growing reliance on online transactions, Checkout.com has emerged as a key player revolutionizing global digital payments in 2024. This leading digital payments company reported a profitable end to the year with a remarkable 45% increase in net revenue year-on-year. The surge was predominantly driven by its core business operations within the commerce
Mesta, a pioneering fintech platform, is making significant strides in transforming cross-border payments by integrating real-time fiat payment rails with blockchain-driven stablecoin rails. Addressing long-standing inefficiencies in the global payments and trade landscape, Mesta’s hybrid system aims to offer a seamless and secure payment solution. Introduction to Mesta’s Platform Founded in 2024 by Sandeep Pyapali, who has a solid background
The future of online payments is set to become increasingly sophisticated by 2025. Payment transactions, whether for weekly purchases, subscription services, or business dealings, remain a constant and universal necessity. The financial sector, including banks and other financial institutions, is perpetually innovating to enhance the efficiency of payment processes, attracting both new and existing customers. Key Drivers of Change Advanced
The UK Financial Conduct Authority (FCA) has announced a groundbreaking decision to remove the £100 contactless payment limit. This move is expected to significantly enhance the flexibility available to businesses and consumers, reflecting the growing success of digital wallets with biometric logins. These wallets currently bypass the contactless payment limit, offering a more secure and convenient method of payment. The
Gate City Bank, a mutual bank based in North Dakota with $3.6 billion in assets, has embarked on a noteworthy partnership with Lama AI to transform its business lending operations through the adoption of advanced generative AI technology. This newly implemented loan origination platform is designed to streamline workflows, reduce the burden of manual tasks, increase the volume of deals
Imagine visiting Disneyland Paris and having priority access to your favorite attractions, or getting exclusive invites to events before anyone else. This dream has been turned into reality thanks to a strategic alliance between Visa and The Walt Disney Company in the Europe, Middle East, and Africa (EMEA) region. This multi-year relationship positions Visa as the Official Payment Partner of
In the rapidly evolving landscape of international monetary transactions, speed and customer experience have emerged as the central drivers of success. This article delves into the critical importance of these factors, exploring how they shape the operations of businesses across borders. Authored by Favour Aroghene Ndulu, a Payment Marketing Expert, and Paschal Okeke, Head of Ops & Expansion at CrissCross,
The transformation of the UK gaming payments landscape is on the horizon, thanks to the innovative Omnichannel payment solution introduced by the Canadian FinTech company Nuvei. This breakthrough technology is set to revolutionize the way gaming operators manage payment systems by integrating both digital and physical transactions through a single API. By streamlining these processes, gaming businesses can anticipate a
In today’s fast-paced financial world, the complexity of managing payments often poses significant challenges for businesses. The strategic partnership between Belvo, a leading open finance platform in Latin America, and J.P. Morgan Payments, a global leader in payment processing, aims to simplify and enhance recurring payment processes in Mexico. This collaboration brings a more automated, efficient solution to handle recurring
KCB Bank Kenya’s recent partnership with UnionPay stands to significantly transform the country’s burgeoning e-commerce landscape by enhancing digital payment options. This collaboration aims to expand the acceptance of UnionPay cards across various merchant segments, including supermarket chains, government e-citizen services, and prominent hotel chains. The initiative seeks to develop a robust payment ecosystem that not only brings convenience but
