Category: Payments
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American Express Middle East collaborates with Ottu
American Express Middle East, a leading financial services provider, is pleased to announce its collaboration with Ottu, a digital payment solutions startup. The partnership aims to provide American Express cardholders with innovative and secure options when it comes to making payments. Ottu, known for its cutting-edge technology and user-friendly approach, offers a seamless payment experience…
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KogoPAY partners with Siam Commercial Bank
Published: September 1, 2022 KogoPAY, a leading fintech company specializing in digital payment solutions, has recently announced a strategic partnership with Siam Commercial Bank (SCB), one of Thailand’s largest and most prestigious banks. This collaboration is set to revolutionize the payment landscape of the region by combining KogoPAY’s advanced technology and SCB’s extensive banking expertise.…
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Adyen eyes growth in North America
Adyen Eyes Growth in North America Adyen, the global payments platform based in the Netherlands, is setting its sights on expanding its presence in North America. With its success in Europe and other parts of the world, Adyen aims to establish itself as a leading player in the lucrative North American market. The company’s decision…
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Bitcoin Depot expands footprint by 400 ATMs
Bitcoin Depot, one of the leading cryptocurrency ATM providers, has announced a massive expansion plan, adding 400 new Bitcoin ATMs to their network. This strategic move aims to meet the growing demand for easily accessible Bitcoin services and bolster their presence in both urban and rural areas across the United States. The expansion will make…
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Banque Centrale de Tunisie joins PAPSS
The Banque Centrale de Tunisie, also known as the Central Bank of Tunisia, has recently announced its membership in the Pan-African Payment and Settlement System (PAPSS). This significant development highlights Tunisia’s commitment to fostering financial integration and enhancing cross-border payment processing across the African continent. The Pan-African Payment and Settlement System (PAPSS) was established by…
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ConnexPay launches ConnexPay Flex, a variable-rate virtual card
ConnexPay Launches ConnexPay Flex: A Variable-Rate Virtual Card In an era where digital transactions are the norm, ConnexPay, a leading payments technology company, is revolutionizing the virtual card landscape once again with the introduction of ConnexPay Flex. This innovative product offers businesses a flexible and secure payment solution, providing a variable-rate virtual card for all…
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Visa to expand its digital wallet features and availability
Visa to Expand Its Digital Wallet Features and Availability Visa, one of the pioneering companies revolutionizing the payment industry, is set to expand its digital wallet features and availability. This move comes in response to the increasing demand for secure, convenient, and contactless payment options worldwide. Visa’s digital wallet, widely known as Visa Checkout, will…
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Tietoevry Banking partners with Butterfield
In an exciting move for the banking industry, Tietoevry Banking has announced a strategic partnership with Butterfield, a leading international bank. This collaboration aims to revolutionize the way financial services are offered and enhance customer experiences. Tietoevry Banking is a renowned software and services company specializing in digital solutions for financial institutions. Their expertise lies…
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Yellen asks Congress for stablecoin legislation
Recently, US Treasury Secretary Janet Yellen urged Congress to implement legislation that adequately regulates stablecoins, digital currencies designed to maintain a stable value against a widely adopted asset or basket of assets such as traditional currencies or commodities. Speaking before the House Financial Services Committee on July 14, Yellen expressed concerns over the potential risks…
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Amex gears up for bigger bank category
American Express (Amex), the renowned financial services corporation primarily recognized for its credit card products, is setting its sights on entering the bigger banking category. With its impressive reputation and extensive customer base, Amex intends to expand its footprint in the banking industry and offer a wider range of financial services to its loyal customers.…
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Iliad Solutions partners with Enqura
Iliad Solutions, a leading provider of payments testing software, is thrilled to announce its partnership with Enqura, a global technology consulting firm. This strategic collaboration aims to combine Iliad Solutions’ expertise in payments testing with Enqura’s extensive experience in delivering innovative solutions for the financial services industry. With the rapid advancements in the payments ecosystem,…
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Tonik announces a strategic partnership with Xendit
Tonik, the leading neobank in Southeast Asia, has recently announced a strategic partnership with Xendit, a digital payments infrastructure provider. This collaboration aims to revolutionize the financial technology sector in the region by combining Tonik’s innovative banking solutions with Xendit’s robust payment capabilities. Tonik, based in the Philippines, offers a wide range of digital banking…
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PayPal’s Rabinovitch takes Worldpay CFO seat
Revolutionary Move Sees PayPal’s Rabinovitch Appointed as Worldpay’s New CFO In a groundbreaking move that has sent shockwaves throughout the financial technology sector, PayPal’s former Vice President of Finance and Investor Relations, Gabriel Rabinovitch, has been appointed as the Chief Financial Officer (CFO) of Worldpay. The appointment of Rabinovitch as CFO is seen as a…
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Visa partners with Egyptian Banks Company
About Visa’s Partnership with Egyptian Banks Company In a groundbreaking move that will empower millions of Egyptians, Visa has announced its strategic partnership with the Egyptian Banks Company (EBC). This collaboration aims to revolutionize the banking sector in Egypt by leveraging Visa’s cutting-edge payment solutions and EBC’s extensive network of banks…
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More than half of P2P fraud victims lose money: AARP
Peer-to-peer (P2P) payment systems have revolutionized the way we handle financial transactions. With just a few taps on our smartphones, we can split bills, pay friends, and even buy products online. These platforms offer convenience and simplicity, but they also present some risks. According to a recent report by the AARP, more than half of…
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Indian parliamentary panel red-flags PhonePe and Google Pay
Indian Parliamentary Panel Red-Flags PhonePe and Google Pay In a recent development, the Indian Parliamentary Panel has raised concerns regarding the operations of popular digital payment platforms, PhonePe and Google Pay, citing potential security and privacy risks. The panel, comprising of Members of Parliament (MPs) from various political parties, convened to discuss data security and…
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Revolut ventures into telecom: introduces phone plans in the UK
Revolut Ventures into Telecom: Introduces Phone Plans in the UK Revolut, the popular financial technology company known for its digital banking and money transfer services, announced its expansion into the telecom industry with the launch of phone plans in the United Kingdom. This move comes as no surprise, considering Revolut’s history of disruptive innovations in…
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Bill Holdings, Bank of America revamp contract
In a bold move aimed at streamlining their partnership, Bill Holdings and Bank of America have recently announced a major revamp of their contract. This strategic decision reflects their commitment to improving their collaboration and delivering enhanced financial services to their customers. The revamped contract will lay the groundwork for a more seamless and efficient…
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Card networks to implement gun code in California: report
According to a recent report, major card networks are set to implement a notable change regarding gun transactions in California. The aim of this initiative is to enhance safety measures and alleviate concerns surrounding gun violence. A collaboration between Mastercard, Visa, and American Express, this new implementation seeks to promote responsible gun sales across the…
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Affirm takes cautious approach to six-month outlook
Affirm, the leading provider of buy now, pay later solutions, announced today that it will be adopting a cautious approach to its six-month outlook, reflecting the unpredictable nature of the current economic climate. As the retail industry grapples with the ongoing ramifications of the COVID-19 pandemic and the subsequent economic downturn, Affirm is taking necessary…