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The “LATAM Payment Methods & DigitalPayments 2025: Consumer Trends and Market Forecasts” report has been added to ResearchAndMarkets.com’s offering. However, mobile payments, digital wallets, and real-time transactions are broadening financial access. trillion by 2027. Mexico 6.4.
. “This massive surge in mobile wallets demonstrates a clear shift towards digitalpayment solutions, reflecting the evolving preferences of consumers for faster and more secure payment options. Go back a decade, and almost no one was making a digital wallet payment.
Saudi Arabia for Information Systems Technology to operate digitalpayment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digitalpayments market in Saudi Arabia.
International payments app Zing, and global digitalpayments provider, Checkout.com , today announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app.
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.”
With digitalpayments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution.
.” With digital transactions continuing to rise, this investment marks a significant milestone in advancing secure, real-time digitalpayments, ensuring that businesses and individuals alike can transact with confidence in an evolving online landscape.
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.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digitalpayment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digitalpayments capabilities to provide merchants with a while-labelled digitalpayments platform.
Payments giant Mastercard is joining forces with E mirates NBD , the banking group in the Middle East, North Africa and Trkiye region, to enhance the bank’s digitalpayment solutions. ” The post Emirates NBD Partners With Mastercard to Enhance DigitalPayment Platform appeared first on The Fintech Times.
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.
IDEMIA Secure Transactions (IST) has partnered with the National Payment Corporation of Vietnam ( NAPAS ) to help expand the country’s digitalpayments infrastructure. Through the partnership, NAPAS will integrate ISTs tokenisation technology into its domestic payment network, which connects over 40 banks.
Digitalpayment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. This strategic shift reflects a growing trend in the digitalpayments landscape.
These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digitalpayment landscape in India, and ensuring equal opportunities for all participants, India TV News reported.
According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digitalpayments. Singapores Fluid DigitalPayment Landscape Singapores digital wallet scene presents an interesting mix.
Despite a global shift towards digitalpayments—where 89% of people either already pay or plan to pay bills digitally—many still face a cumbersome experience, with limited card payment options and security concerns.
The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digitalpayment options for international visitors. It also supports ongoing efforts to improve digitalpayment infrastructure and streamline transactions for both tourists and businesses.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance.
The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digitalpayment methods are gaining dominance, and helping improve financial inclusion and accessibility. The implementation of the sandbox will last a maximum of two years.
That platform allows users to make payments, transfer money, pay bills, and shop online. ZaloPay offers similar digitalpayment services but has the advantage of being integrated with Vietnams leading messaging app Zalo, which boasts 77.6 ShopeePay and VNPay are other prominent digitalpayment platforms.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digitalpayments, alternative lending, and wealthtech. Moreover, ongoing ASEAN integration initiatives to connect real-time payment systems are boosting cross-border digitalpayments and fueling regional commerce.
Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digitalpayment in Pakistan and support the nations transition toward a cashless economy.
PalmPay , a leading Africa-focused fintech operating Nigerias most used mobile wallet, and Jumia , Africas e-commerce giant, today announce a strategic partnership to enhance the digitalpayment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
Ehab Nasr, Assistant sub-Governor at the Central Bank of Egypt, said: With Apple Pay now available in Egypt, we are ushering in a new era of digitalpayments that aligns with our proactive efforts to promote digital transformation. Apple pay empowers consumers with a safer, more convenient way to pay, whether in-store or online.
Visa , a global leader in digitalpayments, convened the Digital Future Forum 2024 in Hanoi, showcasing the latest payment trends and innovations shaping Vietnam’s digital landscape. annually from 2025-2030, further strengthen the digitalpayment landscape. in 2024, rising to 6.5%
MeaWallet , a leader in tokenization and digitalpayment solutions, announces its partnership with Backbase , the creator of the Engagement Banking Platform. ” With the rise of digitalpayments, secure and efficient solutions are more critical than ever.
StraitsX, a Singapore-licensed stablecoin issuer and digitalpayment infrastructure provider, has partnered with Standard Chartered to strengthen the reserve management of its U.S. Dollar (XUSD) and Singapore Dollar (XSGD) stablecoins. Standard Chartereds involvement brings institutional-grade reliability to the stablecoins.
The app simplifies digitalpayments for international tourists visiting Cambodia. The National Bank of Cambodia (NBC) has launched the Bakong Tourists app in collaboration with Mastercard at a ceremony in Phnom Penh. This collaboration reflects our commitment to supporting the growth of Cambodia’s vibrant economy.
Geidea , a leading provider of digitalpayment solutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE.
The addition of send capabilities and real-time alerts will enable FIS financial institution clients to fully harness the entire FedNow service by providing their consumers and commercial borrowers with a modernized and unified digitalpayment experience.
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.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. billion UPI-based payment platform BillDesk 1.59 billion digitalpayments Razorpay 7.5
NBC has selected ACLEDA Bank and Sathapana Bank as the sponsoring banks in Cambodia, while PJA has appointed NETSTARS as the payment and settlement operator in Japan.
The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers within the UAE. Islam Shawky, Paymobs Co-founder and CEO, stated : This license reflects the trust CBUAE has placed in Paymob to support the UAEs vision for a cashless, digitally connected economy.
This collaboration is set to elevate Nexi’s technology landscape across its core acquiring, issuing, and e-commerce platforms, further solidifying its position as a key player in the digitalpayments space.
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.
This year’s survey also highlights an uptick in digitalpayment methods, with 65% of respondents preferring to pay digitally and paper-based checks declining year-over-year (YoY) to only 15%, largely contributed by Baby Boomers and Gen X. .
By integrating Alterya’s tools with the Chainalysis blockchain data platform, the partnership seeks to improve fraud detection across digitalpayment systems. Alteryas research shows that most scams (85%) involve verified accounts, making traditional detection methods less effective.
Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digitalpayment token services in Singapore.
However, with the correct tools and solutions, such as Paytiko’s payment gateway, businesses can integrate digitalpayments without requiring sophisticated technical knowledge. However, platforms such as Paytiko make it simple for businesses to implement safe and efficient payment providers with little effort.
Maya, a Filipino financial services and digitalpayments company, has partnered with Fexco to introduce Dynamic Currency Conversion (DCC) across its network of 112,000 in-store terminals.
Since its launch just 12 weeks ago, the platform has already processed $12 million in Total Payment Volume (TPV), demonstrating rapid market adoption. The milestone aligns with a critical macro trend: the urgent need for efficient, secure digitalpayments.
UPI is revolutionising cross-border payments, expanding Indias digitalpayment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digitalpayments landscape.
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