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UK-based fintech company Revolut has obtained an in-principal authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) in the region.
payments , mobile payments, financial inclusion, local payment method, cross-border payments
We highlight key topics discussed at MPE 2024, such as the evolving trends in payment optimisation, marketplaces and online platforms, real-time payments, GenAI, and cross-border payments.
payments , account-to-account payment, marketplace, online platform, PSP, merchants, Issuer, Acquirer, real-time payments, generative AI, cross-border payments, ecommerce, payments orchestration, Open Banking, Open Finance, PSD3, payment methods, API, CBDC, artificial intelligence, KYC
Airwallex has launched the Airwallex Borderless Visa Card in Canada, providing Canadian businesses with a virtual card issued by Peoples Trust Company.
cross-border payments, credit card, debit card, fintech, virtual card
HSBC has reached an agreement to sell its banking operations in Argentina to Grupo Financiero Galicia.
acquisition, banks, transactions , financial services
Paul Worthington, Head of Regulatory Affairs at Innovate Finance, speaks about the role policy and regulation play when it comes to payment innovation.
stablecoin, central bank, policy, regulators, CBDC, Open Banking, payments
France-based bank Crédit Agricole has partnered with Worldline to launch CAWL, a joint venture that provides tailored payment services to merchants.
merchants, product launch, POS, payments , ecommerce, Android
Hong Kong-based ZA Bank has announced plans to offer banking services for stablecoin issuers to cater to the increase in local web3 adoption.
stablecoin, web3, banking, digital assets, regulation
Finyoz, a lendtech platform specializing in short-term invoice financing, has partnered with Currencycloud, a provider of services for simplifying business transactions across various currencies.
supply chain finance, e-invoicing, treasury, online banking, digital currency
Xoom, PayPal's cross-border money transfer service, now allows US users to fund transfers abroad using USD converted from the PayPal USD (PYUSD) stablecoin.
cross-border payments, stablecoin, transactions , funding
From 1 June 2024, GrabPay users in Singapore and the Philippines will no longer have the option to utilise their GrabPay physical or digital cards for transactions, both online and offline.
financial services, transactions , e-wallet, digital wallet
Issuer-processor Paymentology has partnered with spend management platform Rain to launch a new payment solution for digital asset businesses in the Caribbean and LATAM.
cryptocurrency, digital assets, web3, virtual card, expansion
Japan-based Hokkoku Bank has launched one of the first stablecoins in Japan backed by bank deposits.
stablecoin, web3, cashless, bank account, merchant
XION, a blockchain designed for widespread acceptance, has announced a successful fundraising round of USD 25 million from investors.
digital currency, blockchain, web3, cryptocurrency
The African Export-Import Bank (Afreximbank) has collaborated with Sterling Bank to introduce a new supply chain finance product 'Payables Finance' in Nigeria.
partnership, digital payments, KYC, trade finance
Arab Financial Services has announced its partnership with ACI Worldwide in order to drive payment modernisation for FIs, banks, and merchants in the Middle East.
partnership, payments , digitalisation, online payments, mobile payments, digital payments, ecommerce
Kim Kacal, Payments lead for North America at Accenture, and Tim O'Donnell, Payments managing director at Accenture, explore the roadblocks keeping some banks from embracing FedNow, the Federal Reserve’s new instant payment service.
FedNow, banks, ISO 20022, B2B payments, ACH, real-time payments, artificial intelligence, fraud detection
Global payment orchestration platform FinMont has partnered with Singapore-based digital currency payment institution Triple-A.
cryptocurrency, digital assets, payments orchestration, partnership
Western Union has launched its global eSIM mobile data service, which will enable customers to have full control over their connectivity needs and finances.
product launch, payments , online payments, mobile payments, digital payments, ecommerce, cross-border payments, cross-border ecommerce
Eric Drésin, Secretary General at ECTAA, discusses the payment challenges, trends, and regulatory frameworks impacting travel agents and tour operators.
travel payments, payments , regulation, digital wallet, PSD3, Merchant of Record, pandemic, BNPL, Open Banking, digital currency, PSD2, SCA, PCI compliance, PCI DSS, payment processing, chargebacks, digitalisation
US-based payment processor Elavon has partnered with Softpay to offer the SoftPOS solution to customers across Europe.
mobile payments, POS, expansion, partnership