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Early 2000s The turn of the millennium saw the rise of tech companies attempting to break into new ground in the digitalpayments and e-commerce space, with PayPal at the forefront. The fintech pioneered the first phase of digitalpayments, enabling secure online transactions and laying the groundwork for future wallet technologies.
Visa , the global leader in digitalpayments, has announced the launch of , Tap-to-Add Card, in the Egyptian market. The ‘Tap-to-Add Card’ feature will boost customer confidence and encourage wider adoption of digitalpayments.”
In the lead-up to Safer Internet Day, global payments provider Adyen has shed light on the evolving payment fraud landscape in Singapore. With its high level of digitalpayments maturity, the country has witnessed shifting trends in fraudulent activities.
Digitalpayments giant Visa has launched Tap-to-Add Card in the Egyptian market, enabling cardholders to add their Visa contactless cards to digital wallets with a simple tap on their mobile device. “Our goal is to empower individuals and businesses with cutting-edge technologies that offer both speed and security.
PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments. Require strong customer authentication : Two-factor authentication can reduce fraud risks, especially in regions where it’s legally required.
To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
Where passwords or one-time codes are obsolete, and secure on-device biometrics allow seamless authentication across devices and websites, ensuring personal data stays on the device. Even with the rise of cutting-edge digitalpayment solutions, online shopping still faces challenges and points of friction.
Checkout.com , a leading global digitalpayments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue.
By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.
Unzer , a provider of payment and software solutions, has selected Mastercard as its strategic open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power e-commerce payments across Unzer’s payment gateways.
As digitalpayments continue to evolve across Europe, the landscape for digital wallets is undergoing a significant transformation. In addition to payments, many consumers are beginning to expect features such as digital identification, authentication, and integration with public or private services.
Central Bank Digital Currencies (CBDCs) Overview : Central Bank Digital Currencies (CBDCs) are digital forms of a country’s national currency, issued and regulated by the central bank. Biometric Payments Overview : Biometric payments use physical traits, such as fingerprint or facial recognition, for authentication.
Aadhaar Enabled Payment System (AePS) (2014): Leveraged Aadhaar biometric identity for financial inclusion, allowing basic banking services through biometric authentication at agent points. Unified Payments Interface (UPI) (2016): The game-changer. Voice-activated payments are a step in this direction.
The digitalpayments firm, PagBrasil is making it easier for retailers and e-commerce firms to offer customers more convenient Pix payments following the launch of its latest offering 1-Click Pix. This removes a friction point that has existed when making a Pix payment. Its simple and secure.
Paysend, the global fintech company growing the worlds largest digitalpayment network unifying over 20 billion endpoints into a single, global, open, and instant payment system has partnered with Tink, a Visa Solution, to enhance its open banking capabilities. The result is a smooth, fast and secure payment experience.
Paysend , the global fintech growing the world’s largest digitalpayment network – unifying over 20 billion endpoints into a single global, open and instant payment system – has partnered with Tink, A Visa Solution , to enhance its Open Banking capabilities.
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digitalpayment methods to make a purchase. They also require physical presence for payment. billion transactions and $9.76 trillion in value.
By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.
Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance.
Faster Transactions : Payments are processed in real-time, helping merchants to improve cash flow and reduce payment delays. Enhanced Security : Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions.
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digitalpayments.
In this guide, you’ll understand what digitalpayment security is and what these regulations mean, how they impact your payment operations, and what you need to do to meet them. Most importantly, you’ll see how the right digitalpayment solution can make compliance simpler and more effective. So, let’s dig in.
These figures reflect Australia’s heavy reliance on digitalpayments and card-based transactions for everyday purchases and online commerce. However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. Did you know that there are approximately 12.52
Back in 2023, digital wallets accounted for 82% of China’s e-commerce spending and 66% of physical purchases, totalling around US$7.6 Alipay and WeChat Pay dominate China’s digitalpayment landscape, making it the largest and most influential wallet market globally, according to Worldpay’s The Global payments Report 2024.
The move comes as the India-headquartered payments technology firm looks to support growing demand for its infrastructure services from enterprise clients in the region. We aim to empower them with the reliable, scalable, and highly performant payment infrastructure that has made us a trusted partner for leading enterprises worldwide.”
Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digitalpayments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?
In June 2023, digitalpayments organisation Checkout.com announced the launch of its Intelligent Acceptance platform to help firms boost their payment performance. messaging, routing, authentication, credential lifecycle, and retries). messaging, routing, authentication, credential lifecycle, and retries).
The National Payment Corporation of Vietnam (NAPAS) has launched support for Apple Pay , allowing domestic cardholders to make contactless payments using their Apple devices.
Sadad has announced its strategic collaboration with Mastercard to introduce a new digitalpayment gateway platform, powered by Mastercard Gateway. Through this partnership, Sadad will deploy state-of-the-art payment solutions to enhance the customer experience for its merchants in the market.
Ant International is a leading global digitalpayment, digitisation, and financial technology provider. Grab is Southeast Asia’s leading super app offering ride-hailing, food delivery, digitalpayments, and financial services across eight markets.
By integrating Apple Pay into our services for OpenCart and WooCommerce, were helping merchants stay ahead in a competitive market while meeting consumer expectations for convenient digitalpayments. Frictionless Checkout : Customers can complete payments with just a tap, ensuring a fast and smooth experience.
Jeff Parker, CEO, says, “Digitalpayments will continue to grow rapidly, with mobile wallets expected to reach 4.8 Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. This will help create digitalpayment ecosystems that can reach the 1.4
Digital solutions automate tasks such as accounting and inventory management, reducing labour costs and minimising errors. Growth Opportunities and Market Expansion With digitalpayment and cross-border solutions, SMEs can expand beyond local markets.
” A win for wearable tech, but security is key Derrick Lynagh, MuchBetter Derrick Lynagh , head of strategic sales and partnerships at MuchBetter, a digitalpayments company known for its wearable payment devices, sees the potential removal of the contactless cap as a major opportunity for wearable payment providers.
QR Code Payments What It Is : Users scan a QR code to complete transactions through a linked digital wallet. Why It Matters : Simple and widely adopted in Asia, QR code payments accounted for 90% of Chinas digitalpayments in 2023, facilitating fast, in-person transactions. Popular Examples : Paysafecard, Neosurf.
Pix saves consumers and merchants exorbitant transaction fees, and merchants receive immediate payment rather than waiting up to days for credit card payments. The rapid adoption of Pix as the leading payment method in Brazil, along with continued e-commerce growth, is driving the demand for innovative digitalpayment solutions.
Visa, a world leader in digitalpayments, today brings Apple Pay to its customers in Egypt. To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Apple Pay is a safe, secure and easy way to pay in-store, in-app and online.
Nikkei Asia projects that the ASEAN digitalpayments market could reach US$2 trillion by 2030 , underscoring the massive opportunity. 2 Seamless authentication Advanced biometric tools, including fingerprint and facial recognition, will enhance security while simplifying the login and transaction experience for the user. #3
Tell us more about your company and its offering Sheetal Lalwani , COO and co-founder, Juspay Juspay was founded in India in 2012 with a clear goal: to make digitalpayments more seamless, without compromising on security. In 2011, India made two-factor authentication mandatory for digitalpayments.
1 Like 0 03 July 2025 Be the first to comment Nikunj Gundaniya Product manager Digipay.guru Location Ahmedabad Followers 12 Opinions 67 Follow Unfollow Your customers expect quick, secure, and smooth digitalpayments. The digital wallet becomes a smart layer on top of the existing infrastructure. You’re managing experiences.
dLocal , the leading cross-border payment platform specializing in emerging markets, today announced the release of the second edition of its “Emerging Markets Payments Handbook.”
Global Ecommerce Growth The global ecommerce market has seen explosive growth over the past few years, driven by increased internet access, mobile commerce, and the rise of digitalpayment solutions. Digital wallets such as Apple Pay, Google Pay, and Samsung Pay now account for more than half of mobile transactions globally.
Building loyalty as a business means meeting your customers where they are, especially where payment options are concerned. Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. In fact, mobile and digital wallets have a 99.6% lower chargeback volume than traditional credit cards.
Strategic CX Advantage: For merchants and issuers alike, enabling near-instant transactions enhances loyalty and repeat usage—directly impacting ROI on digital channels. Trust Through Technology: Security Is No Longer a Barrier Skepticism around digitalpayment security has been eclipsed by confidence in advanced protection protocols.
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