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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
African fintechs have been caught in a difficult situation, needing to shut down their virtual card service.
fintech, fraud prevention, virtual card, money laundering, online payments
Giant tech company Apple has recently announced that it will launch its latest version of its operating system, iOS 16, which may implement virtual cards within the Safari browser for an enhanced shopping experience.
Apple, product upgrade, virtual card, Virtual IBAN, online payments, online shopping, online security
Union54 has launched in Zambia, offering people an opportunity to own virtual debit cards they can use to pay bills, purchase goods online, and access local and global supply chains.
credit card, debit card, virtual card, unbanked, startup
US-based food and mobility services DoorDash and Uber Eats Food Delivery have announced they will enable crypto payments on their platforms through BitPay.
cryptocurrency, ecommerce, gift card , prepaid card, virtual card
Payment solution provider WireBarley has partnered Visa to expand its overseas remittance-focused service to a cross-border payment solution that targets the global market.
partnership, remittance, cross-border payments, virtual card, mobile money
PayPal has expanded its credit offerings with a new business credit card to meet financing needs of small business owners in the US.
PayPal, MasterCard, credit card, virtual card, cashback, SMEs
Indonesia-based bank CIMB Niaga has partnered with JCB to launch the CIMB Niaga JCB OCTO digital credit card in Indonesia.
virtual card, partnership, credit card, instalment payments, cashback
The payments player Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via several new partner firms.
crypto, digital assets, virtual card, cashback, mobile money
UAE-based PayBy has partnered with UnionPay to build a cashless ecosystem and promote financial inclusion in the UAE.
virtual card, digital wallet, mobile payments, UnionPay, partnership, cashless, financial inclusion
White label card and BaaS provider Optimus Cards has joined the Temenos open platform for composable banking to expand its Cards-as-a-Service business.
BaaS, partnership, expansion, Open Banking, Open Banking payments, virtual card, Issuer, regulation
Canada-based cross-border payments company Buckzy Payments has announced it extended its payments network throughout Central and South America.
expansion, virtual card, digital payments, online payments
US-based fintech PayQuicker has partnered with Mastercard to deliver client branded cards, including secured bank accounts and e-wallet functionality.
virtual card, digital wallet, payments orchestration, MasterCard, partnership, debit card
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
Danemark-based fintech Cardlay has integrated its Payment Cloud solution with Concur Expense, available for the UK market.
virtual card, spend management, product upgrade, digital wallet, API, green finance
Malta-based fintech Moneybase has launched a digital payments app and card issuing platform in partnership with Compass Plus Technologies.
digital wallet, virtual card, ecommerce, product launch, P2P payments, SEPA, MasterCard
Egypt-based fintech OPay has teamed with Mastercard to increase financial inclusion by opening up ecommerce to people across Middle East and Africa.
MasterCard, partnership, financial inclusion, digital wallet, virtual card, ecommerce
UK-based card issuer Soldo has integrated with Apple Pay to help customers avoid sharing their payment cards, touch buttons or exchange cash.
Apple Pay, mobile payments, partnership, digital wallet, virtual card
Malta-based digital payments app Moneybase has announced it gives away 5,000 free cards, as a response to the positive feedback it received after its first week from launching its mobile app.
SEPA, SEPA Direct Debit, 3-D Secure, fraud prevention, credit card, debit card, instant payments, online payments, cross-border payments, digital payments, digital banking, virtual card, Virtual IBAN
Kenya-based Safaricom has planned to add M-Pesa Junior card for kids and a virtual M-Pesa card to its product portfolio, in partnership with Visa.
product launch, debit card, Visa, virtual card, partnership