Fast Payments Innovation PaymentsPost Regulation Technology

Payments Post #13: At the Intersection of Tech, Regs, and Business Partnership

This month, Cici Northup joins regular contributor Justin Pituch to recap positive news in the form of fast payments growth, new fraud mitigation strategies, and evolution in cross-border transfers. All reflect, to varying degrees, the unique dynamic in the payments industry created by the intersection of technology, regulation, and new business partnerships.

Tags: Fintech

Companies

Walmart-Backed Fintech One Introduces Buy Now, Pay Later as It Prepares Bigger Push Into Lending

NBC Connecticut

“Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts One in direct competition with Affirm, the BNPL leader and exclusive provider of installment loans for Walmart customers since 2019.”

Tags: Walmart

Companies

U.S. Faster Payments Council Releases Report on QR Codes’ Role in Last Mile Adoption of Faster Payments at the Point-of-Sale

Fintech Finance

“The U.S. Faster Payments Council, announced the release of its latest report, How QR Codes Address ‘the Last Mile’ Adoption of Faster Payments at the Point-of-Sale.”

Global

India Scrambles to Curb PhonePe and Google’s Dominance in Mobile Payments

TechCrunch

“The National Payments Corporation of India (NPCI) is going to meet fintech startups this month to develop a strategy to address the dominance of PhonePe and Google Pay in the UPI ecosystem, sources told TechCrunch…These meetings are to address the dominance of Google Pay and PhonePe, accounting for nearly 86% of UPI transactions by volume […]

Tags: India

Companies Global

Mastercard and Fintech Vopay Enter Strategic Partnership to Empower Canadians to Move Money Quickly and Securely With Mastercard Move

Mastercard

“Mastercard and VoPay announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.”

Tags: Canada

Global

Mastercard and Leading Canadian Fintech VoPay Enter Strategic Partnership to Aid Money Movement for Canadians with Mastercard Move

Fintech Finance

“Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.”

Tags: Canada

Data Fast Payments Fraud Healthcare PaymentsPost Risk Management

Payments Post #12: Lessons from Change

In this month's Payments Post, we want to draw your attention to several recent fraud incidents that underscore the criticality of effective risk management to your business and the safety and soundness of the payments industry.

Tags: Fintech

Companies Global

The Danish Cross-Border Payments Provider Has Increased Annual Revenues by 23% to €60M

Fintech Intel

“Inpay, the Danish cross-border payments provider announced strong annual results for 2023…In 2023, Inpay integrated 18 new local markets into its cross-border payments offering.”

Tags: Denmark Inpay

Cross-border Payments Glenbrook Payments Education Key Concepts Risk Stakeholders

Episode 236 - How to Make Money in Payments with Russ Jones, Glenbrook Partners

In this episode, Glenbrook's Russ Jones joins Yvette to talk through 8 simple ideas about how you make money in payments.

Industry

XRP Goes Instant! Uphold Enables Fast USD Withdrawals via FedNow

Coinpedia Fintech News

“A major U.S. crypto exchange, confirms a groundbreaking development: FedNow, the payment system of the U.S. Federal Reserve, now facilitates instant XRP withdrawals directly to select U.S. bank accounts.”

Companies Global

ACI Worldwide and Arab Financial Services To Drive Payments Modernization for Banks and Merchants in the Middle East

Business Wire

“AFS, the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, will utilize ACI Enterprise Payments Platform and ACI Payments Orchestration Platform to drive digital payments modernization in the region”

Tags: ACI Worldwide Africa Middle East

Companies

PayPal USD Helps Reduce Transaction Fees in Africa

Paxos

“Yellow Card was the first fintech in Africa to list PayPal USD. Yellow Card is the largest licensed stablecoin on-and-off ramp for 20 countries in Africa, making it easy to access currencies like USD via stablecoins like PYUSD.”

Global

Worldline First Global Online Payment Service Provider to Be Authorised by the Turkish Central Bank for International Payments in Partnership With Lidio

Worldline

“Worldline announced that Türkiye’s Central Bank has approved Worldline’s partnership with leading Turkish fintech company Lidio Payment Services Inc to accept payments for global online businesses from Türkiye.”

Tags: Türkiye

Companies

Paysend, Currencycloud Announce Global Partnership

Crowdfund Insider

“Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024.”

Tags: Currencycloud Paysend

Fast Payments Instant Payments Mastercard Vocalink

Episode 235 - Taking Stock in Fast Payments with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink

Vocalink’s origin story, which began in 1998, spurred payments modernization efforts worldwide. For this episode, we sat down with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink, to discuss what we can learn from Vocalink’s journey and what the future holds for core payment systems.