Samsung Electronics, Samsung Cards, and Mastercard have signed a memorandum of understanding to develop a biometric card. The card will feature a built-in fingerprint scanner to authorise transactions securely at...
Two Caribbean central banks have introduced central bank digital currencies, overtaking developed countries which are still at the investigation stage.…
The Financial Conduct Authority (FCA) in the UK has increased the limits on contactless payments to £100 from £45 for single transactions. The British watchdog…
Data analytics provider Verisk has teamed up with Fiserv to roll out a digital payment solution to enable its customers to quickly receive and issue…
American digital payments company PayPal is reportedly looking to hire more than 1,000 engineers this year for its India development…
Internal Revenue Service (IRS) ACI Worldwide has partnered with to provide new tax payment options for taxpayers in the UIS…
Swedish fintech company Fidesmo has expanded its footprint in Europe by launching its wearable payment service Fidesmo Pay in Switzerland.…
Indonesian payments infra star-tup Xendit has raised $64.6m in a Series B round led by Accel, bringing the firm’s total…
After eight months of various lockdown measures, people have got used to a more remote and digital way of life. This has further put pressure on the existing cash-based consumer…
The mobile payments market is young, having had its real origins only within the last 20 years. The invention of the smartphone as we currently understand it in the early…
Regulators are pushing for stronger forms of authentication with the rise in consumer preferences for digital payments. Mobile, specifically, will play a crucial role as it is well-positioned to support…
The global economic growth in 2020 has been eclipsed since the Covid-19 pandemic outbreak causing fears of looming unemployment and recession in a number of…
Mastercard has collaborated with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) to bring blockchain-based payments to the Kingdom. The two parties launched a nationwide pilot…
Digital currency trial in Shenzhen is another step closer to universal financial inclusion
The Chinese central bank recently put its digital currency on trial in the city of Shenzhen. Around 50,000 residents participated in the trial, and many felt it was just as…