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The Saudi CentralBank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom.
The Administrative Council for Economic Defense (CADE) and the CentralBank of Brazil (BCB) have officially approved the acquisition of Transfeera , a fintech specialised in paymentsolutions for businesses, by PayRetailers , a leading payments processor in Latin America and Africa.
Paymob , the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the CentralBank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process.
The CentralBank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a payment institution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital paymentssolutions market continues to grow.
The European CentralBank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. Norges Bank’s Governor, Ida Wolden Bache, said: “A well-functioning instant paymentssolution is an important part of an efficient payment system.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based paymentsolution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients.
HyperPay , a payment gateway operating in the Middle East and Northern Africa (MENA), has secured a digital payment licence from the Saudi CentralBank (SAMA). With its newly obtained licence, HyperPay can now operate digital payment services via an electronic wallet in the Kingdom of Saudi Arabia.
The Administrative Council for Economic Defense (CADE) and the CentralBank of Brazil (BCB) have officially approved PayRetailers , the payments processor in Latin America and Africa, to acquire Transfeera , a fintech focused on paymentsolutions for businesses.
Thai regulators approved the first cross-border paymentsolution using stablecoins in October, while the Philippine centralbank launched a peso stablecoin pilot earlier this year. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. The demand for secure, fast, and modern paymentsolutions has been pressing.
The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the CentralBank of Bahrain. The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region.
Users can apply online and, once approved and set up, log into the ANZ Worldline Merchant Portal to generate a unique payment link. Introducing Pay by Link Worldline Pay by Link accepts eftpos, Visa, Mastercard, UnionPay, AMEX, JCB, Alipay+, PayPal, Google Pay and Apple Pay, enabling users to utilise their preferred payment method.
Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the CentralBank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. The demand for secure, fast, and modern paymentsolutions has been pressing.
In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and paymentsolutions provider, is announcing the expansion of its operations in Nigeria.
The Somalian financial ecosystem has taken its next step in the digital world as the CentralBank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.
With in-depth data covering global market penetration, transaction values, and consumer preferences, the insights presented here will empower decision-makers to refine their strategies, enhance operational efficiency, and capitalise on the growing demand for innovative paymentsolutions.
Fintech Galaxy , a regional leader in Open Banking and financial innovation, and ProgressSoft , a global provider of real-time paymentsolutions, have partnered to fast-track Open Banking adoption and regulatory compliance across MENA.
Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution. Via a new ‘plug-and-play’ solution, Ingenico merchants will be able to securely accept crypto payments.
From Jakarta to Singapore, mobile wallet providers have built one-stop shops for payments, enabled by high smartphone penetration combined with limited innovation from traditional institutions, creating the perfect conditions for digital paymentsolutions to flourish.
PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix paymentsolution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025.
The landscape of merchant relationships is undergoing a seismic shift as fintech companies, driven by a tech-first ethos, challenge traditional banks’ long-standing dominance. Companies like Stripe and Adyen are captivating merchants with cutting-edge paymentsolutions beyond basic credit card processing.
Global payments platform, Paysafe will now be able to expand its payment partnerships in Latin America (LatAm) to iGaming operators following approval from the CentralBank of Brazil (BCB) for a payment institution licence.
Fintech Galaxy , the open banking infrastructure provider founded in the UAE, is partnering with ProgressSoft , a real-time paymentsolution provider, to accelerate open banking adoption and regulatory compliance across the Middle East and North Africa (MENA).
Tokenized Sustainability Credits: Corporates can settle parts of cross-border payments with on-chain carbon tokens or biodiversity credits, automating offset procurement during reconciliation. They can integrate real-time ESG scoring by licensing third-party data feeds and embedding them into payment authorizations.
It has been a busy few days for the CentralBank of Brazil as it announces another company has acquired a payment institution (PI) licence. A company following suit but taking PIX in a different direction is AstroPay , the digital financial solution provider.
We will also examine the growing influence of sustainable payments on consumer behaviour and their role in facilitating greener e-commerce. Why sustainability in payments matters We know that simply using a payment card has an environmental cost.
Since its launch, Pix has become a widely adopted payment method in Brazil, with over 173 million registrations and more than 155 million people using it to make payments online and in physical stores via mobile phones. This achievement marks a significant milestone in the expansion of digital paymentsolutions.
The growing role of digital assets in payments The way we process payments has changed drastically in the last decade. Instant, contactless, and tokenised payments are now at the forefront of payment processing. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.
Through this partnership, fintech companies are set to be able to develop propositions on the enza platform that provide consumers and businesses with embedded Mastercard paymentsolutions capabilities.
Bolstered by secure payments through Face ID, Touch ID, or device passcode authentication, Paymob also hopes Apple Pay will help reduce cart abandonment , boost sales, and provide a paymentsolution that meets growing consumer demand for modern digital convenience.
Today’s cross-border paymentsolutions also lack transparency. What innovations make Almond FinTech’s platform unique from other cross-border paymentsolutions in the market? Regulatory compliance in all jurisdictions where partners are, including regular contact with CentralBanks and other regulatory authorities.
The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards. While digital lending is still at an early stage, fintechs such as Foneloan are making loans more accessible to Nepali citizens through collaboration with banks.
iNet , the independent Saudi CentralBank-licensed network service provider (NSP), is supporting the growth of the Kingdom’s fintech sector by becoming a part of global paytech ACI Worldwide ‘s Retail PaymentSolutions (RPS) for Postilion programme.
Al Etihad Payments (AEP), a subsidiary of the CentralBank of the UAE (CBUAE), is enhancing Jaywan , the UAEs domestic card scheme, by signing co-badging agreements with international card schemes, including Discover , Mastercard , UnionPay and Visa.
Through this, many fintechs now have a similar reach to themajor traditional banks in emerging markets such as Brazil. In Brazil, the user base jumped from 25 million individuals to 100 million in three years, according to the CentralBank of Brazil. Four out of 10 of these people are credit card holders.
Tarabut , the MENA region’s regulated open banking platform, is joining forces with Geidea , the Saudi-based paymentssolutions provider, to develop tailored SME financing solutions, subject to regulatory approvals.
A champion of payment choice, Boku supports a global network of localized paymentsolutions, including Direct Carrier Billing (DCB), digital wallets, and account-to-account connections. Local Payment Methods (LPMs) have proliferated around the world over the past decade. Founded in 2008, Boku is headquartered in London.
Launched on 16 June, the new service rolled out by the CentralBank of Brazil will enable recurring payments to be made using Pix, without the need for credit cards or complex direct debit setups. However, in mid-2024, it was delayed by the CentralBank. After much anticipation, Pix Automatico is finally here.
Fintech companies like Wave , Senegals only fintech unicorn besides Nigeria and Egypt, Bayseddo , a crowdfunding platform for agribusinesses, and Sudpay , offering multiple paymentsolutions, are leading the way in leveraging technology to improve financial access and services in Senegal.
Al Etihad Payments (AEP) , a subsidiary of the CentralBank of the UAE (CBUAE), has announced the readiness of the financial infrastructure for Jaywan, the UAE’s domestic card scheme, to be activated locally and globally.
Retailers will be enabled to deliver Floats secure paymentsolution, which allows customers to pay with their credit card more responsibly. In addition, the partnership is expected to enable an improved shopping experience at a wide range of mainstream retail outlets using Adumo’s payment devices.
Ant International , a leading global digital payment, digitisation and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi CentralBank (SAMA).
On the other hand, businesses can opt for a one-off purchase price of EUR 95, with Mollie not imposing any monthly fees and offering a competitive transaction rate per payment. Recently, Mollie also expanded its services to Portugal , scaling its paymentsolutions for the growing ecommerce market in the region.
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