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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
US-based paytech CPI Card Group ha announced the construction of anew manufacturing facility in Fort Wayne, Indiana, US.
credit card, debit card, SaaS, Issuer, paytech
The government of Nigeria has revealed its intention to introduce a payment-integrated ID card in a bid to provide social and financial services.
product launch, financial services, digital payments, digital identity
US-based payment technology corporation Mastercard has planned to increase fees for credit and debit card transactions by nearly USD 250 million.
digital payments, interchange fee, credit card, debit card, merchant, ecommerce
In February 2024, Piermont Bank and Sutton Bank each became subject to consent orders issued by the Federal Deposit Insurance Corp.
BaaS, fintech, consent, regulation, AML
Digital payment service and technology provider AsiaPay has partnered with Philippines-based boutique airline Airswift.
travel payments, partnership, digital payments, fintech
Qatar Islamic Bank (QIB) has rolled out the Himyan debit card, a national initiative by the Qatar Central Bank (QCB) to foster a cashless society and facilitate transactions.
debit card, digital payments, contactless payments, product launch, financial inclusion
allpay has been appointed as the supplier of Crown Commercial Service’s Open Banking and Fund Administration & Disbursement Services Dynamic Purchasing Systems.
partnership, banking, online banking, mobile banking, digital banking, Open Banking, Open Finance
Jean-Philippe Wolyniec, Regional Sales Director, shares insight on the fastest card and digital lending innovations. He explains what helps OpenWay clients speed up launch of new issuing products, and why the real-time straight-through processing is crucial for a digital-first customer experience.
Issuer, banks, fintech, payment methods, prepaid card
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
UK-based Volopa has announced its partnership with ClearBank in order to accelerate the expansion of its product portfolio for SME clients.
partnership, banking, online banking, mobile banking, digital banking, financial services, financial institutions, EMI licence, SMEs
Thredd, a payments processor, has declared its entry into the US debit and prepaid card issuing market in collaboration with B4B Payments.
expansion, partnership, payment processing, debit card, prepaid card
Travel technology company Amadeus has announced the launch of Leisure Connect and Value Cars, aiming to expand its offerings and optimise customer experience.
product launch, partnership, payments , travel payments, online payments, mobile payments, digital payments, ecommerce
Netherlands-based Rabobank has announced its partnership with dejamobile in order to enable clients to accept contactless payments on Android and iPhone devices.
partnership, product launch, contactless payments, payments , online payments, mobile payments, digital payments, ecommerce
2innovate has announced its partnership with Paymentology in order to optimise operational efficiency and security in the Latin American financial ecosystem.
partnership, expansion, payments , payment processing, online payments, mobile payments, digital payments, ecommerce
American ride-hailing company Uber has announced its collaboration with Mastercard and Payfare, aiming to launch the Uber Pro Card in Canada.
mobile payments, payments , partnership, cashback, cash management, gig economy
Turkey-based financial technology company Papara has announced the acquisition of T-bank for an undisclosed amount, with the deal awaiting regulatory approval.
acquisition, online banking, digital banking, regulation
Multinational payment card services company Visa has announced a 7-year collaboration with US-based financial services corporation Western Union.
partnership, payments , financial services, money transfer
US-based Metropolitan Commercial Bank has decided to wind down or limit its banking-as-a-service (BaaS) programme by the end of the year.
BaaS, financial services, banks, compliance
Mastercard has announced the launch of its new Open Banking programme, aimed to optimise the debit and prepaid digital account opening experience for US clients.
product launch, banking, Open Banking, Open Finance, online banking, mobile banking, digital banking, financial services, financial institutions