Payments News

On The Web

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Global

U.K. Narrows Scope of Payments Overhaul

“When the blueprint for the U.K.’s New Payments Architecture was unveiled to great fanfare in 2015, it promised to transform the country’s payments systems by providing increased access for consumers, as well as fostering competition and innovation. But the initiative is in danger of falling far short of these goals, and the U.K.’s Payment Systems […]
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Global

Why the QR Code Become Ubiquitous in India

“The popularity of QR codes soared after payment companies (and other fintech players) started using it in conjunction with UPI, an instant payment system developed by the National Payments Corporation of India (NPCI). Startups like Paytm and PhonePe revolutionised its use in peer-to-peer payments. This trend started right after demonetisation in 2016, and gathered deeper […]
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Global

Cybersource and Ebanx Partner in Brazil for Global E-commerce Merchants

“Cybersource, a Visa solution, and Ebanx, global payments fintech company that specializes in Latin America, announced a new partnership for payments in Brazil. From now on, Cybersource’s clients around the world will be able to access EBANX’s payment solutions for Brazil, and offer their customers in the country the ability to pay online for products […]
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Global

Music Streamers Turn to Telcos to Make Africa Pay

“Africa, with its internationally recognised musical talent – and growing mobile phone use – is central to Swedish music streamer Spotify’s (SPOT.N) plans to extend its reach to a billion customers. As African artists such as Nigeria’s Burna Boy and South Africa’s Black Coffee are streamed across the world, the continent was seen as an […]
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Global

Thai Digital Payments Surge From Pre-coronavirus Level

“Digital payments in Thailand have quadrupled from pre-pandemic levels, the central bank said on Monday, as the Southeast Asian country’s longest-running wave of infections accelerates demand for online services. Thailand’s latest outbreak started in April, accounting for more than 98% of its COVID-19 cases and deaths, prompting tougher restrictions in July and August that reduced […]
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Deals

Nigeria’s Flutterwave in Talks to Triple Valuation to $3 Billion

“Flutterwave Inc. , a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people with knowledge of the matter…Also in March, Flutterwave said it will collaborate with PayPal Holdings Inc. to enable the U.S. giant’s global customers to […]

On The Wires

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Global

Coupang and Payoneer Partner to Empower Millions of Sellers to Tap Into One of the World’s Largest ECommerce Markets

“Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, and Coupang, one of the largest e-Commerce companies in Asia, today announced a new partnership that will provide hundreds of thousands of sellers from across the globe with the opportunity to more easily expand and sell into South Korea. […]
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Global

BancABC Partners With Mastercard and Zimswitch to Transform Zimbabwe’s Payment Landscape | Middle East/Africa Hub

“BancABC Zimbabwe announced the launch of a new suite of co-branded Mastercard and Zimswitch payment cards, enabling its customers to make safe and seamless digital, domestic and international payments including e-commerce transactions. BancABC is the first bank to launch Mastercard and Zimswitch co-branded cards, following a partnership between the national payment switch and the global payment […]