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Payments

Mastercard Launches Local E-Commerce Payment Processing in Saudi Arabia

  • The infrastructure supports over 30 payment methods and includes fraud detection features.
  • In 2023, Mastercard Gateway processed over 950 million payments in Saudi Arabia.
Tuesday, 22/10/2024 | 16:52 GMT by Tareq Sikder
Executive Moves

Former Tickmill and INFINOX Compliance Officer Launches Own FX Company

  • Misano operated as a side project, and now Toby Dyke focuses on it 100%.
  • As he states in an interview with Finance Magnates, he “missed the client interaction.”
Wednesday, 09/10/2024 | 12:48 GMT by Damian Chmiel
Payments

Card Fraud Grips UK Residents: Victims Lost Almost £60 Million in Three Years

  • Credit card frauds were more common, followed by debit card frauds.
  • A total of 10,868 victims reported losses due to card fraud between 2021 and 2023.
Thursday, 05/09/2024 | 10:12 GMT by Arnab Shome
FinTech

Manchester City Strikes Deal with Corpay for FX Solutions and Payment Handling

  • The firm is appointed the official FX partner, offering payment solutions for both the men's and women's teams.
  • Meanwhile, the firm expands US operations through acquisition of GPS Capital Markets.
Thursday, 22/08/2024 | 12:39 GMT by Tareq Sikder
Payments

Klarna Hooks Up with Adobe Commerce to Roll Out BNPL Services

  • Adobe partnered with Nuvei recently to streamline eCommerce payments through a unified API.
  • Earlier, Klarna sold checkout business for $520M, shifting focus from direct competition.
Tuesday, 02/07/2024 | 16:18 GMT by Tareq Sikder
Payments

China Pushes Visa and Mastercard to Lower Foreign Card Fees

  • The Payment & Clearing Association of China is pushing to reduce foreign card transaction fees to 1.5%.
  • China aims to ease payments for visitors by cutting fees for foreign bank cards.
Friday, 21/06/2024 | 08:22 GMT by Tareq Sikder
Retail FX

AvaTrade Expands Offerings: Selects Worldpay as New Payments Partner

  • Worldpay's solutions will handle AvaTrade's payments for swift and secure transactions.
  • The broker has launched AvaFuture, a futures trading platform providing diverse contract options.
Monday, 10/06/2024 | 14:29 GMT by Tareq Sikder
FinTech

Equals Money Unveils New Revenue Streams through Banking-as-a-Service

  • The expansion into BaaS diversifies its product line, offering new revenue avenues.
  • Customers can leverage existing infrastructure to provide custom-branded cards, global payments, and multi-currency accounts.
Monday, 10/06/2024 | 11:02 GMT by Tareq Sikder
Payments

Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer

  • The collaboration simplifies FX transactions, offering end-to-end wire transfers.
  • It connects to multiple global networks, serving as a hub for payment channels.
Tuesday, 04/06/2024 | 15:31 GMT by Tareq Sikder
Payments

Temenos Collaborates with Mastercard to Enhance Cross-Border Payment

  • The collaboration aims to improve payment infrastructure for financial institutions and clients.
  • Mastercard Move enables secure and swift transfers via various disbursement options.
Tuesday, 04/06/2024 | 09:35 GMT by Tareq Sikder
Payments

Bitpanda Partners with Deutsche Bank for Real-Time Payments in Germany

  • The collaboration enables seamless transactions through an API-based account solution.
  • Deutsche Bank is Bitpanda’s Hausbank for cross-currency solutions in Austria, Spain.
Tuesday, 04/06/2024 | 08:52 GMT by Tareq Sikder
FinTech

Mastercard Takes Its Biometric Checkout Program to Uruguay

  • Shoppers at Red Expres can register their payment details and biometrics on-site.
  • Initially launched in Brazil, the system is expanding globally with new planned pilots.
Monday, 03/06/2024 | 14:57 GMT by Tareq Sikder
FinTech

PayPal Unveils Enhanced Payment Solution for SMEs in Ireland

  • The service allows Irish businesses to accept Apple Pay, Google Pay, and other payment methods.
  • Businesses using PayPal Complete Payments see a 4.2% increase in card acceptance.
Friday, 31/05/2024 | 09:13 GMT by Tareq Sikder
FinTech

London OOH Showcases Visa's Partnership to Promote MyGuava Card

  • Guavapay and Visa team up to promote the multicurrency Card, targeting digital-savvy Gen Z.
  • MyGuava Business provides multicurrency accounts, POS terminals, and payment gateway options.
Friday, 24/05/2024 | 13:19 GMT by Tareq Sikder
FinTech

Mastercard Joins Hands with Access Bank for Cross-Border Payments in Africa

  • Cross-border remittances are vital for Africa, with a projected 2.5% growth expected in 2024.
  • Customers can now send and receive payments through various channels, including bank accounts, mobile wallets, cards, and cash.
Friday, 24/05/2024 | 10:34 GMT by Tareq Sikder
FinTech

Adyen and Vapiano Join Forces to Streamline Checkout and Payment Options

  • The collaboration follows pilot in London, highlighting demand for mobile ordering.
  • Research suggests, 54% may abandon checkout if their preferred method is unavailable.
Thursday, 23/05/2024 | 17:03 GMT by Tareq Sikder
FinTech

Unlimit and DEUNA Forge Partnership for LATAM Cross-Border Payments

  • The partnership utilizes DEUNA's payment orchestration and Unlimit’s infrastructure.
  • It aims to boost approval rates, reduce costs, and address fraud with payment solutions.
Tuesday, 21/05/2024 | 09:38 GMT by Tareq Sikder
FinTech

BVNK Embeds PayPal USD Stablecoin Expanding Payment Options

  • Paxos is the sole issuer of PYUSD overseen by the New York Department of Financial Services.
  • BVNK customers can now access PYUSD alongside other digital currencies and fiat currencies.
Thursday, 16/05/2024 | 08:00 GMT by Tareq Sikder
Payments

Adyen Brews Up Global Expansion with Cotti Coffee Partnership

  • The partnership improves small store customer experience with fast global payments.
  • Adyen provides end-to-end payments, data-driven insights, and financial products.
Wednesday, 15/05/2024 | 16:55 GMT by Tareq Sikder
Payments

Klarna and Nets Collaborate for Payment Options in Nordic E-commerce

  • Consumers gain access to flexible payment, including Buy Now, Pay Later, and instalments.
  • In the US, the Klarna Card simplifies shopping and payments through its integrated app.
Wednesday, 15/05/2024 | 15:21 GMT by Tareq Sikder
FinTech

Visa Partners with Worldline on Virtual Card Solution for Travel Agencies

  • By 2028, Travel and Tourism are forecasted to dominate online sales, constituting 76% of the total.
  • The entire travel industry is anticipated to achieve a volume of USD 1.74 trillion by 2026.
Tuesday, 14/05/2024 | 16:38 GMT by Tareq Sikder
FinTech

Wells Fargo Unveils Signify Business Cash Mastercard for Businesses

  • The card offers benefits without tracking categories, and includes employee cards.
  • It provides MasterRental Insurance Coverage, Priority PassTM, and Mastercard ID Theft ProtectionTM.
Friday, 10/05/2024 | 15:52 GMT by Tareq Sikder
Payments

Western Union Resumes Money Transfer Service to Cuba from the US

  • The service is limited to consumer transfers, with a maximum remittance of $2,000 per transaction.
  • The service is available to recipients with Carnet de Identidad IDs and bank accounts at designated banks.
Friday, 10/05/2024 | 09:57 GMT by Tareq Sikder
Payments

Adyen and Cover Genius Enhance Payment Security in Insurtech Collaboration

  • The collaboration aims to enhance authorization rates by leveraging 3D Secure.
  • It aims to bolster payment processing capabilities across continents, spanning the Americas, Europe, and the Asia-Pacific.
Thursday, 09/05/2024 | 13:33 GMT by Tareq Sikder
Payments

Worldpay Rolls Out Tap to Pay on iPhone for Simplifying Payments

  • Fullsteam and Autobooks have collaborated with Worldpay to introduce Tap to Pay for merchants.
  • The feature accepts contactless payments, including digital wallets and cards, without extra hardware.
Friday, 03/05/2024 | 15:48 GMT by Tareq Sikder
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