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Payments

Mobile Payments in Developing Countries

  • Advantages, Challenges, and Opportunities
Wednesday, 22/02/2023 | 16:46 GMT by Finance Magnates Staff
FinTech

Payment Firm Boku Expects a 9% YoY Revenue Jump in H2 2022

  • It is expecting an annual EBITDA of at least $20 million.
  • The monthly active users on the platform jumped 28 percent.
Tuesday, 17/01/2023 | 08:21 GMT by Arnab Shome
FinTech

PayU Gets Regulatory Backing to Acquire Colombian Fintech Ding

  • The approval came from Colombia's SIC and SFC.
  • PayU and Credibanco entered an agreement on Ding months ago.
Friday, 16/09/2022 | 00:04 GMT by Solomon Oladipupo
FinTech

Swiss Fintech Klarpay Gains Visa Principal Membership

  • Klarpay to access Visa's cross-border network.
  • The membership is an addition to Klarpay's Level 1 PCI DSS Certification.
Wednesday, 06/07/2022 | 12:31 GMT by Solomon Oladipupo
Payments

High Demand for Digital Payments, 1.4 Billion People May Use Biometrics Payments by 2025

  • BNPL is popular among millennials and Gen Z according to a new study.
  • Cashless payments in Southeast Asia is expected to reach $1 trillion by 2030.
Wednesday, 06/07/2022 | 06:20 GMT by Matti Williamson
FinTech

Fintech PocketApp Gets AIP for Nigeria's Apex Bank’s MMO License

  • PocketApp just rebranded from Abeg.
  • MMO license is a permit to create and manage digital wallets and issue electronic money.
Monday, 27/06/2022 | 20:38 GMT by Solomon Oladipupo
Analysis
Analysis
Payments
Analysis
Analysis

UPI in India: Is It Better than Other Mobile Payments?

  • It processed $133 billion in transactions in May 2022.
  • The network is also expanding internationally.
Monday, 27/06/2022 | 10:26 GMT by Arnab Shome
FinTech

MFS Africa Acquires GTP in Rare Acquisition of US Tech Firm

  • The deal is reportedly worth $34 million.
  • The CEO Okoudjou says the acquisition is a "momentous milestone" for Africa.
Wednesday, 08/06/2022 | 15:52 GMT by Solomon Oladipupo
FinTech

Thunes Partners with MOVii to Power Cross-Border Payments in Colombia

  • MOVii says it has more than 3 million mobile wallet users.
  • Thunes’ global network spreads across 127 countries.
Friday, 27/05/2022 | 13:14 GMT by Solomon Oladipupo
CryptoCurrency

Canadian Bitcoin Firm, Shakepay, Gains New Security Certificate

  • Attestation took several months of working with auditors from A-LIGN
  • The audit was based on principles set by AICPA's TSC.
Tuesday, 10/05/2022 | 13:49 GMT by Solomon Oladipupo
News

Payments Firm Boku Turns $4.4 Million Profits in 2021

  • The company became profitable after a grave year of losses.
  • It is now focused on expanding services this year.
Tuesday, 29/03/2022 | 07:07 GMT by Arnab Shome
FinTech

Zotapay Reach Malaysian Clients via DuitNow QR Standard

  • DuitNow QR codes is a very popular payment method in Malaysia.
  • By 2024, the mobile payment market size is expected to hit 3 trillion.
Wednesday, 23/03/2022 | 16:08 GMT by Matti Williamson
FinTech

Worldline in Talks to Sell TSS Terminals Business to Apollo

  • Worldline will sell a subsidiary business to raise new capital and cut debt.
  • The firm has entered talks with Apollo Funds interested in taking up the business.
Monday, 21/02/2022 | 16:00 GMT by Nicholas Otieno
News

Worldline Expands Payment Offering for Global Merchants

  • The company has announced the integration of Alipay+ into its global portfolio.
  • The enhanced offering will support merchants through a wide range of digital payment options.
Thursday, 10/02/2022 | 13:57 GMT by Bilal Jafar
FinTech

PayedIn Launches Its Pay Solution App in Nigeria

  • The fintech firm aims to enable businesses to access efficient ePayment solutions.
Sunday, 30/01/2022 | 10:05 GMT by Nicholas Otieno
CryptoCurrency

Bitwage Launches New Bitcoin-Friendly Platform

  • Bitwage unveils a new platform for its new users.
  • The new platform offers bitcoin payment solutions to companies and workers
Sunday, 30/01/2022 | 09:55 GMT by Nicholas Otieno
Retail FX

Trust Payments Announces Expansion of Its Retail Forex Business in Cyprus

  • Trust Payments confirms expansion in Cyprus.
  • The global payments group wants to accelerate its FX business on the island.
Thursday, 27/01/2022 | 08:13 GMT by Nicholas Otieno
FinTech

Santander Rolls Out a ‘Buy Now, Pay Later’ Service to Compete with Fintech Rivals

  • Santander is launching a new ‘buy now pay later’ service across its European markets.
  • The bank wants to fight off competition from other fintech rivals.
Thursday, 27/01/2022 | 07:45 GMT by Nicholas Otieno
Institutional FX

JPMorgan Eyes Viva Wallet, to Acquire 49% Stake

  • The deal is estimated to be worth 700 million Euros.
  • Haris Karonis to retain the remaining shares.
Tuesday, 25/01/2022 | 14:44 GMT by Matti Williamson
FinTech

Ford Signs 5-Year Deal with Stripe to Boost Its Digital Payments

  • Ford has partnered with the online payments group, Stripe.
  • The motor company wants to accelerate its digital transformation.
Monday, 17/01/2022 | 22:33 GMT by Nicholas Otieno
News

Mizuho Bank Invests in Vietnam’s Payment Platform

  • M-Service is Vietnam’s leading digital payment company.
  • The fintech company operates the MoMo brand.
Friday, 24/12/2021 | 08:40 GMT by Bilal Jafar
Executives

Checkout.Com Poaches Facebook’s Fintech Exec as New CPO

  • Meron Colbeci brings in-depth financial services experience to Checkout.com.
  • Meta Inc continues to lose several executives
Monday, 20/12/2021 | 07:38 GMT by Nicholas Otieno
News

Mobile Payments Firm Boku Posts 38% H1 Revenue Jump

  • The pre-tax profits of the company came in at $1.9 million, compared to the previous year’s $0.09 million.
Tuesday, 07/09/2021 | 07:46 GMT by Arnab Shome
News

Paysend Raises $125 Million to Accelerate Its Global Expansion

  • The latest funding round was led by One Peak.
Wednesday, 26/05/2021 | 12:52 GMT by Bilal Jafar
News

Zimbabwe Suspends Mobile Money Platforms to Push Fiat

  • 80 percent of transactions in the country are done with mobile money.
Monday, 29/06/2020 | 10:55 GMT by Arnab Shome
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