Payments News

On The Web

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Companies

OPay and Mastercard Announce Strategic Partnership to Grow Cashless Ecosystem and Advance Digital Financial Inclusion for Millions

“Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across  Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE – to engage with brands and businesses anywhere […]
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Companies

Paxos Thinks the Financial World Will Be Dominated By Digital Assets. Here’s How

Paxos, a regulated blockchain infrastructure platform based in Manhattan, has quickly become an integral part of bringing digital assets to the mainstream, using its know-how in both payments infrastructure and government regulations to help a growing list of companies add digital assets to their repertoires. If you’ve ever used a digital asset service, like Venmo’s crypto trading, […]
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Companies

Mastercard Launches Tech That Lets You Pay With Your Face or Hand in Stores

“Mastercard is piloting new technology that lets shoppers make payments with just their face or hand at the checkout point. The company on Tuesday launched a program for retailers to offer biometric payment methods, like facial recognition and fingerprint scanning. At checkout, users will be able to authenticate their payment by showing their face or […]
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Companies

Mastercard Using AI, Open Banking to Manage Faster Payments Risk

“Up to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning…One new Mastercard product, called Payment Success Indicator, relies on bank account information provided by the consumer on an opt-in basis. The product was developed through open banking, […]
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Companies

Mastercard Opens European Tech Hub in Dublin

“Financial services giant Mastercard has opened its European Technology Hub in Dublin as it sets its sights on doubling its workforce in the Irish capital.   Staff based at the centre, first announced in 2020 , will be focused on the development of technologies such as payments security, application programming interfaces and emerging technologies.”

On The Wires

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Companies

Mastercard Launches Next-Generation Identity Technology with Microsoft to Help More Consumers Shop Online Safely

“Mastercard on Monday announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp…Mastercard has directly addressed these needs by enhancing its Digital Transaction Insights solution with next-generation authentication and real-time decisioning intelligence capabilities. The solution pairs Mastercard’s network insights with the […]
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