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.” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors of payment services to industries across the board, unlocking new revenue streams and driving growth in the digital economy.
Contactless payments are now the norm Jana Mackintosh, managing director of payments and innovation at UK Finance Jana Mackintosh, managing director of payments and innovation at UK Finance, sees the FCAs consultation as a positive step but believes that setting contactless limits should be left to the industry rather than imposed by regulators.
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces its long-term strategic partnership with Visa, set to broaden and expand its globalpayments and money transfers infrastructure.
Developed in partnership with payment technology firm Checkout.com, this feature allows investors to receive dividends and returns directly on their bankcards, reducing withdrawal times compared to traditional methods.
Following this announcement, the new product is expected to encourage riders to pay for transit fares leveraging their Visa cards. In addition, the program is open to a set number of participating riders within the RTC contactless payment ecosystem, on a first-come, first-served basis.
In compliance with national laws and regulations, we ultimately want to make Samsung Pay available to as many consumers as possible, so that everyone in China can have the opportunity to enjoy the simplicity, safety and convenience of our mobile paymentsolution.” Young, SVP, Global Product and Innovation.
The innovation platform and consortium has among its founding partners Global Processing Services, Pannovate, MeaWallet, AllPay and other firms. Through the platform, businesses can bring new paymentsolutions to market using Visa’s rails, with rollouts taking weeks instead of far longer.
Partnerships Mangopay, the payment infrastructure provider for marketplaces and platforms, has been selected by luxury hotel guest experience management platform Eleanor to launch a tailored paymentsolution for its hotel and resort clients. Humble has joined Cushon from Legal and General Investment Management (LGIM).
Allied Payment Network , a provider of real-time, open-network paymentssolutions to banks and credit unions, adds Hank Vanjaria as its new chief financial officer. Most recently, Hank served as CFO at Apptega , a B2B SaaS provider of cybersecurity and compliance solution.
Globalpayment services provider, Worldline , has renewed its partnership with OP Financial Group , the largest retail bank in Finland, with new plans to enhance cardpayment services for the bank’s customers.
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