Payments News

On The Web

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Deals

MTN Rwanda Lists on Stock Market

“Shareholders of Crystal Telecom on Tuesday May 4, became direct shareholders of MTN Rwanda as the telco listed its shares on the Rwanda Stock Exchange…This means that the telco received a waiver from Capital Markets Authority and Rwanda Stock Exchange on the 25 per cent public holding requirement for listed companies.”
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Global

This Fintech Solution Helps African Refugees Store and Send Money

“Leaf—the winner of the developing world technology category in Fast Company’s 2021 World Changing Ideas Awards —is a money storage solution that allows these individuals to carry digital cash into Kenya, Uganda, and Rwanda, where Leaf currently operates. “It is a digital wallet that goes with the customer wherever they go,” Samples says. “Think of […]
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Global

Google Play Is Suspending Free Trials in India Following New RBI Regulations

“At the end of March, the Reserve Bank of India, India’s central bank and financial regulatory authority, announced new rules on recurring transactions. In response, Google is informing developers of temporary changes for Google Play users in India. The RBI’s new eMandate notification “calls for an additional layer of authentication for recurring transactions via credit […]
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Global

Karandaaz Offering Grants for Digital Financial Services in Savings, Insurance

“Karandaaz Pakistan is accepting applications from commercial banks, branchless banks, PSO/PSPs, Fintechs, non-banking financial institutions and entities that primarily focus on the excluded segments of the population, to apply for grants to scale up their pilots that generate new financial use-cases for digital channels. Two categories that have been defined for this set of grants […]
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Global

Europe’s largest banks plan joint attack on US payments giants

“More than 30 of Europe’s largest banks and credit card processors are trying to create a payments giant capable of shattering a US-dominated “oligopoly”. A Brussels-based venture, which currently employs 40 payment experts, has until September to draw up a blueprint for a pan-European payments service that can be used to pay online as well […]
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Global

China Warns Large Tech Firms As Industry Faces Rising Oversight

“China is reining in the ability of the country’s internet giants to use big data for lending, money-management and similar businesses, ending an era of rapid growth that authorities said posed dangers for the financial system. On Thursday, China’s central bank and other regulators ordered 13 firms, including many of the biggest names in the […]

On The Wires

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Global

Mastercard New Payments Index: Consumer Appetite in Middle East and North Africa for Digital Payments Takes Off | Middle East/Africa Hub

“The Mastercard New Payments Index shows 95% of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year. Over two-thirds of respondents (65%) agree they have tried a new payment method they would not have tried under normal circumstances, […]
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Global

Mastercard Cardholders Can Now Send and Receive Money Using WhatsApp in Brazil

“Starting today, Mastercard cardholders in Brazil can send and receive money to and from friends and family through WhatsApp. Mastercard debit cardholders with cards issued by Banco Inter, Itaú, Nubank and Sicredi will be able to use the innovative P2P WhatsApp service. The payments service on WhatsApp is enabled by Facebook Pay and processed by […]
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Companies

Adyen Singapore Now Licensed Under Payment Services Act As a Major Payments Institution

“Adyen, the global payments platform of choice for many of the world’s leading companies, today announced that its Singapore entity, Adyen Singapore Pte Ltd, has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore’s license as a Major Payment Institution under the […]