Articles with tag: mit

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How is the ecommerce space influenced by the pandemic?

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Jan 2021

Kevin J. Sprake, The Fraud Practice: 'It is difficult to put history into words, especially as we are living through it, but the pandemic has influenced ecommerce in a way that will change how we think about everything going forward'

Kevin J. Sprake, The Fraud Practice, ecommerce, pandemic, coronavirus, COVID-19, fraud, risk mitigation, omnichannel, fraud prevention, phishing scams, cybersecurity, data breaches, social engineering, chargebacks

Nium, Cebuana Lhuillier reveal mobile remittance app in Singapore

News | Mobile Payments | 12 Jan 2021

Cebuana Lhuillier and Nium have partnered to make Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, available in Singapore.

Nium, Cebuana Lhuillier, product launch, Quikz, Singapore, remittance, Philippines, partnership, transactions

Japan prepares to issue CBDC by 2023

News | Cryptocurrencies | 24 Dec 2020

Japan has been preparing for the issuance of digital currency in both the public and private sectors following swift moves by China and other countries to do the same, according to Japan Times.

CBDC, Japan, MUFG Bank, Sumitomo Mitsui Banking Corp, Mizuho Bank, digital currency, virtual currency, banks, central banks

PayPal's Xoom integrates with UPI payments to support instant remittances to India

News | Payments General | 22 Dec 2020

PayPal’s money transfer service Xoom has added the Unified Payments Interface (UPI) to its platform, to enable instant money transfers to India, reports Verdict.

Xoom, UPI, payments, remittances, India

WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

News | Online Payments | 15 Dec 2020

WorldRemit has launched a service for Nigeria-based customers that enables them to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

WorldRemit, Nigeria, Central Bank of Nigeria, international transfers, bank transfers, cross-border payments, money transfers, mobile payments, online payments

FACEPOINT joins NICE Actimize's X-Sight Marketplace

News | Digital Identity, Security & Online Fraud | 15 Dec 2020

NICE Actimize has announced that FACEPOINT joined the X-Sight Marketplace, bringing its cutting-edge facial recognition tech for advanced KYC and watch list risk screening to the ecosystem. 

NICE Actimize, facial recognition, AML, KYC, risk screening, FACEPOINT, merger, data, risk mitigation

BSP plans to create self-governing open finance body

News | Online & Mobile Banking | 11 Dec 2020

The Bangko Sentral ng Pilipinas (BSP) has proposed the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework.

BSP, open finance, governing body, Philippines, OFOC, open finance oversight committee, open banking, open data, banks, financial institutions

Azimo, dLocal team up to allow remittances in Colombia

News | Online Payments | 11 Dec 2020

Digital money transfer service Azimo has partnered with dLocal, the cross-border payments platform for emerging markets, to allow migrants in Europe and Australia to transfer money to nearly any bank in Colombia. 

Colombia, remittances, partnership, Azimo, dLocal, banks, cross-border, money transfer, online payments

Scotiabank offers real-time payments in Canada through Interac e-Transfer for Business

News | Payments General | 10 Dec 2020

Canada-based Scotiabank has announced it will be offering real-time payments for all business banking customers, using Interac e-Transfer for Business.

Scotiabank, product launch, Canada, Interac e-Transfer for Business, remittance, invoicing, payments, real-time payments

Toyota, Billtrust to provide B2B payments to dealers

News | E-invoicing, SCF & E-procurement | 09 Dec 2020

Toyota Material Handling (TMH) has partnered with Billtrust to offer their dealers access to Billtrust's invoicing, payments, cash application, collections software, and business payments network.

Toyota, Billtrust, partnership, B2B, payments, invoicing, accounts receivable, AR, remittance, collections

Paypal's Xoom, MFS Africa partner to offer mobile money transfers in Africa

News | Mobile Payments | 09 Dec 2020

PayPal’s remittance service Xoom has partnered with MFS Africa, a South Africa-based fintech, to offer mobile money transfers to 6 countries in Africa. 

PayPal, Xoom, MSF Africa, Africa, remittance, mobile payments, money transfer

Airopay launches digital payment app in Nigeria

News | Mobile Payments | 03 Dec 2020

Nigeria-based payment infrastructure solution provider Airopay has launched a digital payment app that will allow users to make transactions locally and internationally from their mobile devices.

Airopay, Nigeria, Africa, product launch, mobile payments, transfers, cardless, remittances, bill payments, online purchases

Libra Association to rebrand to Diem

News | Cryptocurrencies | 03 Dec 2020

The Libra Association has announced rebranding plans to distance itself from the original Facebook-led vision rolled out in 2019, according to CoinDesk.

Novi, Facebook, Libra, blockchain, remittances, Diem, Stuart Levey, payments

EVONET Global raises USD 30 mln in Series A funding round

News | Online Payments | 02 Dec 2020

Wallet network aggregator EVONET Global has raised USD 30 million in a Series A funding round.

EVONET Global, funding round, funding, Series A, payment services, mobile wallet, cross-border retail, QR code, remittance, insurance

Cynergy Bank, Google Cloud, and Wipro Limited to create a digital relationship bank

News | Online & Mobile Banking | 01 Dec 2020

UK-based Cynergy Bank has announced that it is partnering with Google Cloud and Wipro to provide a different digital banking model – a digital relationship bank.

Cynergy Bank, Google Cloud, Wipro Limited, partnership, digital banking, digital relationship, lending, SMEs

TransferWise enables Indonesians to sent remittance payments to 80 different countries

News | Online Payments | 01 Dec 2020

TransferWise has announced that Indonesians and ex-pat workers will be able to send money to 80 different countries.

TransferWise, Indonesia, money transfer, online payments, unbanked, remittances, Cross-Border Payments Regulation, CBPR2, cross-border payments

Ukraine drafts law to open its payment market

News | Payments General | 30 Nov 2020

The Ukrainian Parliament has registered a draft payment services law that aims to open the Ukrainian payment market.

banking, fintech, PSD2, Ukraine, payments, remittances, e-money, PSPs, banks, payments providers, Ukrainian Central Bank, FX transactions, acquiring services

Viber to launch chatbot payments feature in the Philippines

News | Mobile Payments | 27 Nov 2020

Viber has announced the launch of its Chatbot Payments feature in the Philippines, allowing users to make payments via the messaging app.

Viber, Globe, the Philippines, Asia, product launch, Chatbot Payments, mobile payments, merchants, remittance

WorldRemit, Digicel International partner to enable mobile wallet transfers in Pacific Islands

News | Mobile Payments | 25 Nov 2020

WorldRemit has partnered with Digicel International to enable international money transfers to mobile wallets for customers in Fiji, Samoa, and Tonga.

WorldRemit, Digicel International, business partnership, international money transfers, mobile wallets, Fiji, Samoa, Tonga, MyCash wallet, mobile payments

Isetan launches shopping app with in-store personnel assistance capabilities

News | Ecommerce | 25 Nov 2020

Isetan Mitsukoshi Holdings has launched an app that enables customers to purchase items, combing the in-store and online shopping experiences.

Isetan Mitsukoshi Holdings, Japan, product launch, mobile app, online shopping