Payments News

On The Web

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Global

Brazilian Fintech Ebanx Sees Mexico Business Doubling for Second Year

“Brazilian fintech Ebanx expects to double its business in the Mexican market for a second year in a row in 2022 as it pushes further into Latin America’s No. 2 economy, the company’s co-founder told Reuters. Ebanx, which facilitates cross-border payments, is bringing on up to 10 new retailers, opening its first office in the […]
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Global

Tencent’s WeChat App Keeps Growing Despite Beijing Crackdown

“Tencent Holdings Ltd. ’s WeChat super app managed remarkable growth in services from e-commerce to payments and search over the past year, defying a government crackdown that sought to tear down barriers within China’s internet arena. Daily active users of WeChat mini-programs — lite apps within the main social media and messaging platform — grew […]
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Global

New Bank of Tanzania Payment System Set for February Roll-out

“The Bank of Tanzania (BoT) will now is now expecting to roll out its new payment system next month after successful trials that involved banks and mobile operators.Known as Tanzania Instant Payment System (Tips), the interoperable system allows transfer of payments between different participating digital financial service providers, both banks and non-banks, in real time.”
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Global

Telkom Kenya Announces Mobile Money Product T-Kash App

“Telkom, a South African wireline and wireless telecommunications provider, announced that Telkom Kenya has launched an app for its mobile money product, T-Kash. A press release from the operator of more than 38 countries across the African continent said that T-Kash App is an easy-to-use application that will enable its customers to access a wider […]
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Global

Pix Breaks Ground in Brazil, Shakes up Payments Market

“Brazil, notorious for its bureaucracy and complexities, has created one of the most efficient payments systems in Latin America, with blow-out numbers proving its success. Pix, rolled out by the Banco Central do Brasil in Nov. 2020, was built for efficiency and financial inclusion. It now has 107.5 million registered accounts, more than half of […]
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Global

Visa, Mastercard Enlist Fintechs to Reach Latin America’s Unbanked

“Visa and Mastercard are courting fintechs to help them reach more consumers in Latin America, where a substantial unbanked population has otherwise turned to nonbanks for financial services. Because tech companies have succeeded in reaching a market that banks have underserved, technology partnerships have become vital to the U.S. card networks’ efforts to expand across […]
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Global

Denmark Approves Role of P27 As New National Clearing House

“P27, the cross-border payments platform being developed by a group of Nordic banks, is to become the new national clearing house for Denmark, replacing the current infrastructure run by Finance Denmark. Backed by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, P27’s lofty ambition is to create one common state of the art […]

On The Wires

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Global

Spreedly More Than Doubles Latin American Transaction Volume Year-over-Year

“Spreedly, the provider of the leading Payments Orchestration platform, today announced that transaction volume across Latin America on the Spreedly platform has grown by over 100% year-over-year. As one of the world’s fastest growing e-commerce markets, there is a strong demand for ways to more easily scale payments across the region. In a recent report published by […]
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Global

Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America

“Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced today its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs). The Company’s newly introduced solution will support […]