Payments News

On The Web

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Domains

Zimbabwe Suspends Stock Exchange, Mobile Payments Over ‘Economic Sabotage’

June 29 2020

“Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage.” The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to […]
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Deals

Mobile Money Gateway MFS Africa Has Acquired B2B Digital Payments Player, Beyonic

June 30 2020

“MFS Africa, the pan-African payments gateway which connects wallets across different mobile money platforms through its API, has acquired Beyonic, a digital payments services provider for enterprises which operates in Ghana, Uganda, Tanzania, Kenya and Rwanda. As part of the acquisition, MFS Africa will absorb Beyonic’s entire team while Luke Kyohere, founder of Beyonic, will […]

On The Wires

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Companies

PruPay Launches Touchless Payments for True Touch-Free Buying With Tipping, Optional Fees and a Feature to Pay It Forward

May 28 2020

“PruPay, a Denver-based payments technology company, is working with PayPal to develop and launch a simpler way for merchants to request one-time payments from consumers via text messaging. While paying via text is already widely available from several providers, PruPay’s technology lab was able to add a few simple tools that help both merchants and consumers […]
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Domains

Flywire Improves Healthcare Patient Engagement and Affordability During COVID-19

June 9 2020

“Flywire , a high-growth vertical payments company, announced new enhancements to its leading healthcare payments platform during COVID-19 that improve patient engagement and affordability. Flywire’s pre-service payment plans, which were developed in partnership with health systems, enable healthcare providers to offer patients personalized payment options prior to service based on their specific financial needs. To […]
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Companies

Visa and TerraPay Partner to Drive Real-time Payments Interoperability

June 24 2020

“TerraPay, a global payments infrastructure company, and Visa, have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances. The TerraPay and Visa global partnership is aimed to develop and deliver solutions to drive repeat consumption of the mobile wallets and […]
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Domains

Samsung Reveals the New Samsung Pay Card, Powered by Curve

June 25 2020

“Samsung Electronics Co., Ltd has today announced a new partnership between Samsung Pay, the digital banking platform Curve, one of Europe’s leading fintechs, and Mastercard to launch the Samsung Pay Card.  The all-new digital payment solution will offer Samsung customers greater flexibility and control when managing their finances by offering a single view of spend, whilst […]
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Companies

Mastercard Partners With Facebook to Enable Brazilians to Send and Receive Money Using WhatsApp

June 15 2020

“Today, Mastercard announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments on WhatsApp. Additional banking partners are expected […]
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