The Kerala State Electricity Board (KSEB) has recently announced the implementation of a QR code payment system for electricity bills. This new system, set to come into effect on March 1, aims to bring greater convenience to users by seamlessly integrating meter readings into the payment process. The collaboration with Canara Bank has facilitated the establishment of this innovative payment
In a significant move, Google Pay has signed a groundbreaking deal with the National Payments Corporation of India (NPCI) to expand India’s Unified Payments Interface (UPI) real-time payments system to other countries. The partnership aims to enable seamless financial transactions for Indian travelers abroad and establish UPI-like digital payment systems worldwide. With this strategic collaboration, cross-border financial exchanges will be
A2A payments, or account-to-account payments, refer to the direct transfer of funds between two bank accounts without the need for intermediaries like credit or debit cards. This emerging payment method offers numerous advantages, including lower costs, enhanced security, and improved convenience. In this article, we will explore the potential of A2A payments beyond convenience, highlighting their benefits for both merchants
Nuant, a leader in the CeDeFi space, has recently joined the prestigious OpenWealth Association, aligning with key finance players such as Credit Suisse, LGT, VP Bank, and leading WealthTech firms like Assetmax and InvestSuite. This significant collaboration aims to advance crypto investment risk management within Switzerland’s robust financial sector. By joining the OpenWealth Association, Nuant reinforces the growing integration of
SumUp, a leading payment service provider, has recently made a series of exciting announcements aimed at empowering small merchants. These updates include the addition of digital cards and MasterCard to their business account, the introduction of a Tap to Pay feature in Europe, enhancements to their online store for instant order processing and analysis, the inclusion of discount codes and
Recraft, an innovative AI graphic design generator catering to professionals, recently announced a successful $12 million Series A funding round. Led by Khosla Ventures, the funding will fuel the development of Recraft’s proprietary Foundation Model, a cutting-edge technology designed to generate consistent design elements that can be customized within a brand’s unique style controls. Background and Foundation Model The key
In a move that is set to revolutionize the payment experience for finance teams, Volopa has announced a collaboration with Yapily to harness the capabilities of Open Banking. This partnership aims to redefine the way businesses handle their payments and unlock a new era of transparency, speed, and efficiency. Redefining the payment experience for finance teams The core objective of
In a significant development for the Latin American fintech sector, global giants PayPal and Samsung have participated in a $13 million funding round for Prometeo, a leading embedded banking software platform. The strategic investments highlight the growing interest and potential of embedded finance in the region. Prometeo’s innovative platform aims to consolidate the diverse financial technology infrastructures across Latin America
Paymob, a leading fintech company, has achieved a significant milestone in its expansion efforts with the acquisition of the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) license. This remarkable accomplishment positions Paymob as the first international fintech company to be fully licensed in the Sultanate. The PSP license grants Paymob the authority to accept and process online and
UltiHash Inc. announced today that it has successfully closed a pre-seed funding round, securing $2.5 million. This investment will pave the way for the launch of their innovative high-performance data storage software, which aims to revolutionize the way companies store and manage data. By addressing the existing challenges in data storage, UltiHash offers a solution to strike a better balance
In a bold move to redefine billing infrastructure, two leading companies have joined forces to empower businesses with unparalleled flexibility in pricing structures. This groundbreaking collaboration aims to revolutionize the way businesses transact and navigate the complexities of the digital marketplace. Benefits for Businesses With this collaboration, businesses can anticipate a billing infrastructure that is more intuitive and dynamic. This
Tencent, a leading technology company in China, has introduced an innovative palm scanning service called Weixin Palm Payment. This groundbreaking technology is transforming the way users engage in their daily activities, allowing them to forego traditional essentials such as house keys, wallets, or smartphones. With the aim of integrating palm payments into diverse scenarios for unparalleled convenience, Tencent’s venture into
