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UAE-based du has announced the launch of du Pay to boost UAE’s transition toward a cashless economy and support the national digitalisation agenda.
mobile payments, cross-border payments, product launch, financial inclusion, digitalisation
Commercial bank of Ethiopia has lost more than USD 40 million after a systems glitch which let customers withdraw and transfer sums of money that was not in their accounts.
ATM, mobile banking, online banking, cash, banking
UK-based fintech company ACE Money Transfer has partnered with HABIBMETRO Bank to support the use of legal channels to increase remittance inflows to Pakistan.
remittances, money remittance, cross-border payments, partnership, money transfer
Marten Nelson of M10 shares key insights gained from the development of a retail CBDC as a participant in Project Sela.
CBDC, retail CBDC, wholesale CBDC, DLT, stablecoin, MiCA, payments , tokenization, AML, KYC
UK-based fintech Yaspa, formerly Citizen, has launched instant deposit functionality for clients of Switzerland-based Casino Lugano, located on the Swiss-Italian border.
Open Banking, payments infrastructure, instant settlement, POS, QR code, API
Joshua Chong, Analyst at Kapronasia, provides insights into the development of digital payments in Asia and the evolution of e-wallets in particular.
payments , digital payments, ecommerce, payment methods, digital wallet, account-to-account payment, SoftPOS, local payment method
Payment network GLN International has partnered with Remitly to launch instant cross-border remittances from abroad to all domestic bank accounts in Korea.
cross-border payments, remittance, money transfer, digital wallet, bank account
Korea Easy Payment Foundation (KEPF) has signed an agreement with GLN International to introduce GLN cross-border QR payment.
cross-border payments, QR code, QR payments, financial inclusion, digital payments
Diederik Bruggink, Head of Payments, Digital Finance, and Innovation at WSBI-ESBG, offers a comprehensive overview of PSD3 and PSR, their significance, and the impact they bring to the industry.
PSD3, PSR, Open Banking, payments , PSD2, banks
Spain-based financial institution CaixaBank has partnered with EPC-approved European Clearing & Settlement Mechanism (CSM) Iberpay to introduce the SEPA Request-to-Pay (SRTP) service in Europe, according to WebWire.
partnership, Request to Pay, SEPA, instant payments
Australian multinational banking company Westpac has announced the launch of a suite of new card designs, to make payments more accessible for disabled customers.
product launch, banking, online banking, digital banking, mobile banking, financial services, financial institutions, debit card, credit card, prepaid card
The Digital Currency Monetary Authority has announced a pilot for a point-to-point implementation of Unicoin in Latin America and Africa.
cryptocurrency, product launch, digital currency, digital wallet, digital payments
Digital wealth technology firm Marstone has announced its partnership with American Bank and Trust to provide its services to the latter’s branches.
partnership, online banking, banking, mobile banking, digital banking
Nigeria-based commercial financial institution Wema Bank has announced the launch of an upgraded version of its corporate digital banking application, ALAT.
product launch, product upgrade, online banking, digital banking, mobile banking, digital onboarding, payments
Bitcoin ATM operator Coinhub has partnered with more than 1000 gas stations and store owners to place Bitcoin ATMs on their premises.
cryptocurrency, digital assets, Bitcoin, ATM
Fintech company MoMo has announced its partnership with Western Union in order to allow money transfers in Vietnam through the MoMo application.
partnership, mobile payments, online payments, payments , digital payments, ecommerce, money transfer
US-based Ria Money Transfer, a subsidiary of Euronet, has partnered with Cambodia-based ACLEDA Bank to broaden cross-border money transfer services to and from Cambodia.
ATM, remittance, money transfer, omnichannel, expansion, partnership
UK-based fintech company Paysend has announced its partnership with Transformify to provide businesses with improved management of vendors and payroll services.
partnership, online payments, digital payments, cross-border payments, ecommerce, remittance, money transfer, financial services, payment methods, instant payments
Comun, a US-based neobank that provides banking solutions for Latino families, has closed a USD 4.5 million seed round.
neobanks, funding, financial inclusion, financial services, debit card
UK-based fintech company Paysend has partnered with JMMB Money Transfer to offer secure and affordable deposit-to-account transfers to their Jamaican customers.
partnership, ecommerce, online payments, cross-border payments