Payments News

On The Web

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Global

Paytm Blazed a Trail in Indian Fintech but Faces Crowded Market As IPO Nears

“Paytm, a pioneer in mobile payments in India and one of the country’s best-known startups, set out years ago to build an ubiquitous digital-finance ecosystem much like Ant Group Co.’s Alipay in China. Now, as Paytm’s owner nears a $2.2 billion listing that will see it beat Ant to the public markets , the company […]
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Global

Big Tech’s ‘walled Gardens’ Start to Crack As Tencent Vows to Obey Beijing

“Chinese internet giant Tencent Holdings said it will follow a regulatory order to unblock online links after China’s industry ministry ordered internet companies to open up their platforms to each other, signalling the demise of Big Tech’s “walled gardens”. The Ministry of Industry and Information Technology (MIIT) has been giving guidance to internet companies as […]
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Global

FEATURED: Equity Bank Rwanda Unveils New Cost-free Cashless Payment System

“Equity Bank Rwanda has introduced a seamless payment platform where goods or services can be paid for at no charge, both to the buyer and the merchant. The new platform dubbed “Pay With Equity (PWE), fasta fasta” will allow the bank’s clients to directly transfer money and make payments from their Equity Bank accounts to […]
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Global

How the Latin American Market Has Hit the Radar Screen for Major Processors

“North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 countries in South America. Terms […]
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On The Wires

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Global

I2c Certifies on Mexico’s Prosa Payments Network

“i2c Inc. , a leading provider of digital payment and banking technology, today announced its certification with Mexican payments network, Prosa , providing local banks and fintechs greater choice in issuing and processing American Express, Mastercard and Visa programs while also signaling its continued growth and investment in the LAC region.”
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Global

NPCI and Fiserv Enable NFiNi- RuPay Credit Card Stack for Fintechs and Banks

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has entered into a first-of-its-kind collaboration with National Payments Corporation of India (NPCI), which leads the retail payments and settlement infrastructure in India with breakthrough products like Unified Payments Interface (UPI), Bharat Bill Payment System, and RuPay, to enable the […]