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Building onto our previous reporting related to the partnerships that took place in Q4 2023 within the banking and fintech space, this analysis focuses on the payments and commerce industry.
partnership, payments , ecommerce, regulation, financial institutions, fintech, startup, merchant, payment processor, mobile payments
iPay has announced its partnership with Visa in order to introduce the latter’s Tap-to-Phone technology to simplify digital payments for customers in Kenya.
partnership, digital payments, payments , online payments, mobile payments, remittance, money remittance, ecommerce
Abu Dhabi Islamic Bank (ADIB) has partnered with Visa to launch the Visa Installments Solution (VIS) for its cardholders in the UAE.
partnership, instalment payments, BNPL, online payments, payment methods
US-based remittance processor Remitly has announced that it expanded its collaboration with Visa to simplify cross-border money movement for its customers.
partnership, cross-border payments, remittance, money remittance, money transfer, online payments
Mastercard has partnered with J.P. Morgan in order to launch the Open Banking-powered Pay-by-bank service that offers secure payment exchange for US-based clients.
partnership, product launch, Open Banking, Open Finance, financial services, financial institutions, online banking, digital payments, mobile banking, payments
Mastercard has announced its partnership with Remitly in order to expand access to cross-border payments and remittances to the latter’s US-based clients.
partnership, cross-border payments, cross-border ecommerce, payments , mobile payments, digital payments, online payments, remittance
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
The Paypers interviewed Peter De Caluwe, the CEO of Thunes, on the company’s rapid growth and Series C funding announcement.
cross-border payments, CBDC, crypto, cryptocurrency, funding, partnership, digital wallet, growth markets
Lebanon-based remittance and cashout platform Purpl has partnered with Remitly to enable remittances to Lebanon at a lower cost.
remittance, money transfer, ATM, partnership, financial inclusion
US-based remittance processor Remitly has announced the decision to close Passbook, its virtual banking platform, in order to prioritise core users.
online banking, digital banking, financial services, financial institutions, online payments, payout, digital payments
US-based remittance processor Remitly has launch its outbound remittance product in the UAE and opened an office in Dubai.
remittance, money transfer, expansion, digitalisation, mobile payments
African mobile money app, M-PESA, has signed a new strategic partnership with fintech giant Amazon, tackling global remittances market’s multi-trillion dollar surge.
money transfer, money remittance, online platform, expansion, partnership, public listing, cross-border payments, fintech, payment processing, online payments
Tencent Financial Technology has introduced Tenpay Global, a new international brand for its cross-border payment business with new remittance capabilities to Weixin.
cross-border payments, remittance, money transfer, API, fintech
Enjaz Payment Services, a fintech company licensed by the Saudi Central Bank, has announced a partnership with cross-border payments enabler Thunes.
partnership, cross-border payments, cross-border ecommerce, instant payments
US-based remittance processor Remitly has announced that its Canadian customers will have access to Visa’s real-time payments platform, Visa Direct.
product upgrade, product launch, real-time payments, online payments, cross-border payments, payment methods, digital payments
US-based remittance processor Remitly has signed a definitive agreement to acquire Israel-based Rewire, a financial services platform for migrant workers.
money transfer, remittance, acquisition, online payments, IBAN
Thunes, a Singapore-based cross-border payments company, has accelerated the expansion of its services in the Middle East and North Africa (MENA) region.
expansion, cross-border payments, B2B payments, super app, fintech
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
US-based payment service provider PayPal has restricted access to their services in Russia as sanctions continue to expand.
PayPal, remittance, online payments, Russia Ukraine War, fintech
Cross-border payments company Wise and remittance processor Remitly have halted their money transfer services in Russia, following new economic sanctions aimed towards to country.
cross-border payments, money transfer, Russia Ukraine War, central bank