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A new study from UK-based consultancy Juniper Research has predicted that BNPL (Buy Now, Pay Later) users will surpass 900 million globally by 2027.
BNPL, virtual card, ecommerce, inflation, card scheme
American Express has launched American Express Global Pay – a new digital solution that enables US businesses to make domestic and international business-to-business (B2B) payments.
card scheme, product launch, cross-border payments, B2B payments, SMEs
Colombia-based Superintendence of Industry and Commerce has imposed precautionary measures on Visa and Mastercard, against the possible commission of restrictive practices of competition within the framework of the payment system in foreign trade.
regulation, card scheme, payments , trade finance, credit card
Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.
credit card, expansion, Issuer, financial sanctions, card scheme
The Central Bank issued a statistical bulletin informing that the number of issued bank cards in Russia in the first quarter of 2022 increased by 12 million.
central bank, Russia Ukraine War, report, credit card, Issuer, card scheme, expansion
Embracing the next generation of urban mobility payments can help cities and public transit operators (PTOs) create more inclusive, sustainable, and efficient urban mobility experiences, says Fernando Souza, VP, Global Head of Transit and Travel Solutions at Cybersource.
Open Banking, local payment method, card scheme, cryptocurrency, crypto, contactless payments, online payments, mobile money, tokenization, ecommerce
Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.
Russia Ukraine War, financial sanctions, credit card, debit card, card scheme
Europe-based Open Banking platform TrueLayer has announced its collaboration with wealth-building app Chip to deliver enhanced customer experience through faster account payments.
online payments, payment processor, local payment method, card scheme, bank account, account-to-account payment, digital payments, investment
Barclaycard customers have been warned about problems encountered during contactless usage of their cards.
credit card, contactless payments, card scheme, mobile banking
Global modern card issuing platform Marqeta has expanded its credit platform by adding a new, intuitive dashboard and more than 40 credit APIs that will further help customers.
product launch, product upgrade, Issuer, credit card, API, card scheme
Global digital payments processor and card scheme Visa has announced the launch of its first She’s Next initiative in UAE, aiming to economically empower local women entrepreneurs.
partnership, SMEs, SME lending, card scheme, payment processor, funding
UAE-based fintech VaultsPay has teamed with PayU-owned payment security provider Wibmo to launch a pre-paid card platform that aims to accelerate financial inclusion in the Middle East.
prepaid card, partnership, card scheme, fintech, PSP
Martha Southall, Senior Economist at CMSPI, talks about inflationary pressures and rising card costs as European retailers feel the heat from inflation.
CMSPI, merchants, scheme fee, card scheme, SCA, 3-D Secure, BNPL, payment methods
Global card issuing platform Marqeta has announced it works closely with Sweden-based BNPL platform, Klarna, to power its new Klarna Card.
partnership, virtual card, credit card, BNPL, instalment payments, online payments, card scheme, Issuer
The Australian Competition and Consumer Commission (ACCC) has announced it started legal proceedings against Mastercard Asia Pacific and Mastercard Australia for alleged anti-competitive conduct.
regulation, credit card, debit card, card scheme, payment processing, scheme fee, transactions , transaction monitoring, online payments
Global card issuing platform Marqeta has released its 2022 ‘State of Consumer Money Movement’ report analysing consumer payments, banking, and shopping preferences, as well as digital adoption rate.
report, survey, mobile payments, contactless payments, cashless, card scheme, credit card, debit card, mobile money, digital wallet, e-wallet
Global card issuing platform Marqeta has announced the addition of Evolve Bank & Trust as its latest bank partner to provide additional solutions for customers.
partnership, BaaS, compliance, settlement, online banking, digital onboarding, Open Banking, card scheme, Issuer
Egypt-based omni-channel financial services platform Paymob has announced is raised USD 50 million in a Series B funding round led by Kora Capital, PayPal Ventures, and Clay Point.
funding, crowdfunding, payment gateway, online payments, contactless payments, BNPL, QR payments, Tap-to-Pay, POS, digital wallet, digitalisation, credit card, card scheme
With a payment orchestration platform, all settlements and reconciliations are centralised, allowing clients to switch PSPs or acquirers easily without losing the overview of all transactions, Rene Siegl, Founder and Executive Chairman of the IXOLIT Group, says
PSP, cross-border payments, cross-border ecommerce, card scheme, Issuer, Acquirer, payment processor, reconciliation, payments orchestration, payment processing
Global payments company BPC has announced its expansion into the Americas and the Caribbean territories, to support the payments and processing needs of traditional financial institutions, fintechs, and payment processors.
SaaS, expansion, card scheme, fintech, neobanks, ecommerce, payment gateway, fraud management, cloud, cloud services