In a significant leap forward for Tanzania’s digital economy, NMB Bank Plc has teamed up with Mastercard to introduce the nation’s first QR Pay by Link (QR PBL) payment solution. This groundbreaking technology allows businesses to accept payments through QR codes or secure links, streamlining transactions and making them more accessible. Particularly for small and medium-sized enterprises (SMEs), this innovation
The recent partnership between GETTRX, a comprehensive white-label payment platform, and Aevi, a leader in in-person payment orchestration, signifies a significant shift in the payment industry. By leveraging Aevi’s cloud-based global payment orchestration platform, GETTRX aims to enrich its offerings, seamlessly integrating both in-store and online transactions into a single, unified solution. As a result, this partnership is poised to
Citi Retail Services is making significant strides in the digital payments landscape through its innovative Citi Pay platform. The platform’s rapid growth and acceptance can be attributed to its customer-centric approach, listening to consumer and partner feedback, and incorporating these insights into their product development strategy. The Essence of Customer-Centric Innovation Listening to Stakeholders Terry O’Neil, head of connected commerce
Wealthtime, an adviser-focused platform, has announced a strategic partnership with Wipro, a global leader in technology services and consulting, along with its long-term technology partner GBST. This collaboration is aimed at developing a digital-first platform coupled with a customer-centric service model, designed to support Wealthtime’s long-term growth ambitions. The initiative includes integrating the Wealthtime and Wealthtime Classic platforms into a
Mastercard has partnered with some of the top FinTech players, including Global Payments, Skipify, and Splitit, to enhance its US Installments Program significantly. This initiative is designed to provide greater flexibility for consumers at the checkout stage, addressing the increasingly evident demand for versatile payment solutions. The program has now been made available across all eligible digital points of sale,
Mastercard is enhancing its US Installments program to add more payment flexibility at checkout, addressing the growing consumer demand for such options. This program, facilitated through Mastercard Installment Payment Services, now enables various ecosystem players—including merchants, financial service providers, payment processors, and digital wallets—to offer installment payment plans to consumers via any eligible credit card from participating issuers. This approach
The rapidly growing trend of mobile payment solutions is revolutionizing the way businesses and consumers interact financially, offering unprecedented flexibility, cost-efficiency, and enhanced experiences. Businesses, particularly small and medium-sized entities, are witnessing immense benefits as they transition from traditional, cumbersome point-of-sale systems to modern, agile mobile payment technologies. Julie Malikayil, Senior Manager of Payments Products at Discover® Global Network, provides
The collaboration between Sharegain and DriveWealth marks a significant milestone in the FinTech world. These two leading financial technology companies are coming together with a shared vision to expand and optimize opportunities within the global securities lending market. Their partnership not only aims to streamline financial services but also to ensure adherence to strict regulatory standards. As each company brings
Nooks, a pioneering company in the sales automation industry, has recently unveiled its AI Sales Assistant Platform (ASAP), backed by a significant $43 million in Series B funding. This influx in capital, led by Kleiner Perkins with participation from Lachy Groom and Tola Capital, boosts Nooks’ total funding to $70 million. The company aims to revolutionize the sales workflow by
Real-time payments are set to revolutionize the global financial landscape, driving substantial economic growth and fostering greater financial inclusion. As the world steadily shifts toward instantaneous financial transactions, the benefits are becoming increasingly apparent. A recent report by ACI Worldwide and The Centre for Economics and Business Research (Cebr) reveals that real-time payments will significantly enhance global GDP and create
Embedded finance is a transformative trend reshaping how businesses and consumers interact with financial services by incorporating them directly into non-financial platforms. This innovation is not just a fleeting buzzword but is rapidly integrating payments, lending, insurance, and banking into everyday operations, streamlining transactions, and enhancing customer experience across numerous industries. The shift toward embedded finance is being driven by
Cross-border payments have long been a complex and challenging territory for financial institutions globally, mainly due to the multifaceted nature and inefficiencies inherent in international transactions. Enter Nium, a global leader in real-time cross-border payments infrastructure, which aims to transform the landscape by integrating its system with Swift. This groundbreaking solution is set to revolutionize how financial institutions manage cross-border
