Payments News

On The Web

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Providers

Sweden’s Klarna Is Chasing Australia’s AfterPay in Global Buy Now, Pay Later Race

“In terms of category dominance, Australia’s AfterPay maintains the ‘big dog’ with a market capitalization of $15 billion. However, Sweden’s BNPL firm Klarna is nipping at their heels. This week brought news of Klarna’s intent to raise over $500 million of private investor funds. This comes as rumors swirl of an impending initial public offering […]
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Providers

M-Pesa Users to View Recipient’s Name Before Sending Cash

“Customers sending money using M-Pesa platform will now be able to see the name of the targeted recipient before completing the transaction in Safaricom’s  latest bid to minimise chances of erroneous transfers. The new feature is an improvement from the current one where customers have to complete the transaction first before being given the option of […]
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Providers

Credit Suisse Launches Switzerland’s First Major Digital Banking Rival

“Credit Suisse will launch a digital banking app in October challenging fintechs like Revolut in the Swiss bank’s home market by offering free foreign transactions and fully digital wealth management, the bank said on Thursday. Credit Suisse’s new CSX banking app will offer free online banking from next month, a move it hopes will attract […]
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Global

Nigeria Fintech Sparkle Announces Partnership with Visa

“Nigeria’s digital banking platform Sparkle partnered with Visa in a collaboration aimed at entrepreneurs, consumers, and SMEs throughout Nigeria. Sparkle is a digital financial services platform supporting Nigerians across the globe. The new partnership will equip Sparkle with greater flexibility and freedom on how in-app payments are made. Users of the Sparkle app can make […]
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On The Wires

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Providers

Retailers Meet Customer Demand to “Buy Now, Pay Later” with Installment Payment Option from Fiserv

“Retailers using digital commerce technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, can now enable customers to pay for their purchases with interest-free installment payments. For retailers, installment payments can help reduce online shopping cart abandonment and increase overall ticket size. For consumers, particularly those without […]
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Providers

Access Worldpay Opens the Door to Leading-Edge Payment Options for Global Merchants

“FIS ® (NYSE: FIS), a leader in merchant and financial services technology, today announced its Access Worldpay gateway , a single point of integration for global merchants to quickly deploy a full range of advanced payment capabilities. Access Worldpay provides a single API for merchants to access the most powerful, leading-edge payment capabilities in the world. […]
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Providers

Jifiti Partners with Mastercard to Scale Point of Sale Consumer Financing Solutions

“As more people enter the digital economy, credit and consumer financing is evolving – providing increased flexibility for more people, catering to new shopping trends and behaviors, and empowering retailers with new experiences. To meet shifting consumer demands, Jifiti has today announced the expansion of its partnership supporting both merchants and issuers with Mastercard, to […]
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Providers

MRI Software Enters Into Definitive Agreement to Acquire RentPayment™ Business From Priority Technology Holdings, Inc.

“MRI Software (“MRI”), a global leader in real estate software solutions, and Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, have entered into a strategic agreement in real estate payments. Under the terms of the agreement, MRI will acquire Priority’s RentPayment business, which is comprised […]