Category: Payments
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Revolut introduces Mobile Wallets in Singapore
Revolut, the popular fintech company known for its innovative banking solutions, has officially launched its mobile wallets in Singapore. With the introduction of mobile wallets in Singapore, Revolut users can now enjoy seamless and secure digital payments on their smartphones. The mobile wallets feature state-of-the-art security measures to protect users’ financial information and transactions. Revolut…
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Pagos launches two new payment solutions
Leading fintech company Pagos has just unveiled two new innovative payment solutions that are set to revolutionize the way individuals and businesses make transactions online. Introducing Solution 1: InstantPay With InstantPay, users can make secure and instant payments using their mobile devices. This convenient solution eliminates the need for entering credit card information every time…
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App features bolster Zip’s US revenue growth
Zip, the leading buy now, pay later company, has reported a significant increase in revenue growth in the US market thanks to the introduction of new app features. The company’s innovative approach to consumer finance has been well-received by customers, who are increasingly turning to Zip for their shopping needs. With the rise of…
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Discover deal may trigger more competition
In recent news, the announcement of a major deal involving Discover has sent shockwaves through the financial industry. The deal, which remains shrouded in secrecy, is rumored to involve a significant partnership that could have major ramifications for the competitive landscape. While the specifics of the deal have yet to be confirmed, industry experts are…
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Adyen partners with Qoo10
Adyen, the global payments platform, has announced a new partnership with Qoo10, one of Asia’s largest e-commerce marketplaces. This collaboration will allow Qoo10 to offer its customers a seamless and secure payment experience, while also expanding Adyen’s presence in the Asian market. What does this partnership mean for Qoo10? With Adyen’s payment solutions integrated into…
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Sweden joins TIPS
Sweden Joins TIPS Sweden has officially announced its entry into the Target Instant Payment Settlement (TIPS) system, joining a growing number of European countries that are part of this innovative real-time payment platform. TIPS was launched by the European Central Bank in November 2018 with the aim of providing instant payments for consumers and businesses…
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Amazon Pay secures payment aggregator licence from RBI
Amazon Pay, the digital payments arm of e-commerce giant Amazon, has recently been granted a payment aggregator licence by the Reserve Bank of India (RBI). This move is set to further strengthen Amazon Pay’s presence in the rapidly growing digital payments landscape in India. With this new licence, Amazon Pay will be able to facilitate…
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FIS ex-CFO stays to oversee Worldpay transition
Former Chief Financial Officer (CFO) of FIS Bill Weaver has decided to stay on at the company to oversee the transition following its acquisition of Worldpay. Weaver, who has been with FIS since 2013, played a key role in the $43 billion acquisition deal with Worldpay, which closed in July of this year. The merger…
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Nexi and Woo expand payment options for European merchants
Exciting news for European merchants as Nexi and Woo team up to offer more payment options. Nexi and Woo Partnership Nexi, a leading payment technology company in Europe, has announced a partnership with Woo, a popular e-commerce platform. This collaboration will allow European merchants using Woo to expand their payment options and reach a larger…
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American Express launches Plan It offering
American Express has recently announced the launch of its new financial product, Plan It. This offering provides cardholders with a flexible payment option that allows them to manage their finances more effectively. With Plan It, American Express cardholders can now split up large purchases into smaller, more manageable monthly payments. This gives them greater control…
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Fed official makes a case for the dollar’s hegemony
In a recent speech, a Federal Reserve official argued for the continuing dominance of the US dollar as the world’s primary reserve currency. The official highlighted several key factors that support the dollar’s hegemony in the global economy. Economic Stability One of the main reasons cited for the dollar’s strength is the stability of the…
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Warren calls out OCC over merger policy ahead of Capital One-Discover
The banking industry is once again in the spotlight as Senator Elizabeth Warren raises concerns over the Office of the Comptroller of the Currency’s (OCC) merger policy ahead of the proposed Capital One-Discover merger. Warren, a vocal critic of big banks and their practices, has accused the OCC of failing to properly assess the potential…
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Amazon expands smart carts pilot
Amazon is revolutionizing the shopping experience once again with the expansion of its smart carts pilot program. The e-commerce giant is testing out a new way for customers to shop in physical stores without the need for cashiers or traditional checkout lines. The smart carts, also known as Amazon Dash Carts, use a combination of…
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Capital One-Discover deal may spur payments M&A
Financial services giant Capital One recently announced a landmark deal to acquire rival credit card company Discover. The acquisition, valued at $28 billion, is set to shake up the payments industry and could potentially trigger a wave of mergers and acquisitions in the sector. The deal between Capital One and Discover is seen as a…
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Google Pay makes changes to app availability and features
Google Pay Makes Changes to App Availability and Features Google Pay, one of the leading mobile payment apps, has recently announced several changes to its app availability and features. These changes are aimed at improving the user experience and making it easier for users to access and use the app. New Features One of the…
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HitPay to secure MPI licence in Singapore
HitPay, a leading payment solutions provider, announced today that they are in the process of securing a Major Payment Institution (MPI) licence in Singapore. The MPI licence will allow HitPay to provide a wider range of payment services to their customers in Singapore, including cross-border transactions and currency exchange services. “Securing the MPI licence in…
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Self-checkout promises ultimate convenience. Is it doing its job?
Self-checkout machines have become increasingly popular in supermarkets and retail stores, offering shoppers the convenience of a quick and efficient way to pay for their purchases without having to wait in long lines at the traditional checkout counters. While self-checkout promises ultimate convenience, many customers have mixed feelings about their overall experience with these…
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FIS promises expanding profit margins
Financial technology company FIS announced today that they are on track to deliver expanding profit margins for shareholders in the upcoming fiscal year. The company, which provides technology solutions for the banking and financial services industry, has seen strong revenue growth in recent quarters and is confident in its ability to sustain and increase profitability.…
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Nium expands its global payments in the Middle East
Nium, a leading fintech company specializing in cross-border payments, has announced its expansion into the Middle East region. This move will enable businesses and individuals in the Middle East to make fast, secure, and affordable international payments. What does this mean for businesses in the Middle East? Businesses in the Middle East will now have…
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Hubpay launches Digital Global Currency Account
Hubpay has recently announced the launch of its new Digital Global Currency Account, revolutionizing the way people manage their finances on a global scale. This innovative platform allows users to hold, send, and receive multiple currencies all in one convenient account. With Hubpay’s Digital Global Currency Account, users can seamlessly switch between different currencies for…