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.…
Shift4 Payments has acquired VenueNext to augment its presence and capabilities in new verticals such as sports stadiums, entertainment venues, and theme parks. The acquired…
Zenfuse, a platform for trading cryptocurrencies, has entered to into a partnership with fiat-to-crypto exchange Indacoin, which allows users to buy cryptocurrencies using bank cards.…
MoneyGram International has announced a five-year extension to its partnership with telecommunications operator Ooredoo Qatar. The parties first joined forces…
The Financial Conduct Authority (FCA) in the UK has increased the limits on contactless payments to £100 from £45 for…
Data analytics provider Verisk has teamed up with Fiserv to roll out a digital payment solution to enable its customers…
American digital payments company PayPal is reportedly looking to hire more than 1,000 engineers this year for its India development…
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…