#digital-payments

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#fintech

India's MobiKwik surges 82% in market debut | TechCrunch

MobiKwik's IPO success showcases its strong market presence despite fierce competition from larger rivals.

Martha Sazon leads the Philippines-based finance superapp GCash with a majority-female 94 million user base

GCash, with over 94 million users, has evolved from a simple SMS-based money transfer to a comprehensive financial platform.

Paymob, started by three college friends, lands another $22 million and is profitable in Egypt | TechCrunch

Successful tech startups are emerging in regions like the Middle East and Africa, challenging traditional banking with innovative solutions.
Paymob's rapid growth exemplifies the impact of addressing digital payment gaps in emerging markets.

VIVEK: Bitcoin Lightning Payments Has a Long Way To Go In India

UPI's convenience and speed overshadow Bitcoin for everyday transactions in India.

Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses | TechCrunch

Ziina's rapid growth and focus on SMEs have made it a significant player in the UAE fintech market.

India's MobiKwik surges 82% in market debut | TechCrunch

MobiKwik's IPO success showcases its strong market presence despite fierce competition from larger rivals.

Martha Sazon leads the Philippines-based finance superapp GCash with a majority-female 94 million user base

GCash, with over 94 million users, has evolved from a simple SMS-based money transfer to a comprehensive financial platform.

Paymob, started by three college friends, lands another $22 million and is profitable in Egypt | TechCrunch

Successful tech startups are emerging in regions like the Middle East and Africa, challenging traditional banking with innovative solutions.
Paymob's rapid growth exemplifies the impact of addressing digital payment gaps in emerging markets.

VIVEK: Bitcoin Lightning Payments Has a Long Way To Go In India

UPI's convenience and speed overshadow Bitcoin for everyday transactions in India.

Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses | TechCrunch

Ziina's rapid growth and focus on SMEs have made it a significant player in the UAE fintech market.
morefintech

Online transactions is crucial in Europe

Enhancing security measures for online transactions in Europe is crucial to ensuring safe and reliable digital financial interactions.
#cryptocurrency

Places In London Where You Can Pay With Crypto

Cryptocurrency, like Bitcoin and Ethereum, has various spending options in the UK, particularly in London where multiple businesses accept these digital currencies.

Louisiana State Government Now Accepts Bitcoin Lightning As Payment

Louisiana now accepts Bitcoin and USD Coin for state services, modernizing payment options and providing residents with more flexibility.

Asia's Wild West nature spurs its fintech surge-but Binance's CEO thinks Western companies will still have an 'outsized say' in the financial system

Western firms will benefit most from the growth of the financial system, despite Asia being a major driver of that growth.

A practical guide to using a crypto wallet card anywhere - London Business News | Londonlovesbusiness.com

Crypto wallet cards simplify spending digital assets and enhance cryptocurrency adoption.

Crypto Gambling vs. Traditional Online Casinos: Which is Better?

The rise of cryptocurrencies in online gambling offers faster transactions, lower fees, and enhanced privacy compared to traditional payment methods.

LaFinteca and UTORG Announce Strategic Partnership to Expand Cryptocurrency Payment Solutions | HackerNoon

LaFinteca partners with UTORG to enhance digital payment solutions, integrating cryptocurrency technology and expanding services in Latin America and Europe.

Places In London Where You Can Pay With Crypto

Cryptocurrency, like Bitcoin and Ethereum, has various spending options in the UK, particularly in London where multiple businesses accept these digital currencies.

Louisiana State Government Now Accepts Bitcoin Lightning As Payment

Louisiana now accepts Bitcoin and USD Coin for state services, modernizing payment options and providing residents with more flexibility.

Asia's Wild West nature spurs its fintech surge-but Binance's CEO thinks Western companies will still have an 'outsized say' in the financial system

Western firms will benefit most from the growth of the financial system, despite Asia being a major driver of that growth.

A practical guide to using a crypto wallet card anywhere - London Business News | Londonlovesbusiness.com

Crypto wallet cards simplify spending digital assets and enhance cryptocurrency adoption.

Crypto Gambling vs. Traditional Online Casinos: Which is Better?

The rise of cryptocurrencies in online gambling offers faster transactions, lower fees, and enhanced privacy compared to traditional payment methods.

LaFinteca and UTORG Announce Strategic Partnership to Expand Cryptocurrency Payment Solutions | HackerNoon

LaFinteca partners with UTORG to enhance digital payment solutions, integrating cryptocurrency technology and expanding services in Latin America and Europe.
morecryptocurrency
#cfpb

CFPB finalizes rule to oversee digital payment Giants Like Apple Pay

CFPB regulates large nonbank payment companies to ensure consumer protection and consistent enforcement of financial laws.

Will new Apple Pay oversight make Apple Bank a good idea?

Digital payment systems have become essential in modern commerce, warranting increased regulatory oversight.

Google sues after Consumer Financial Protection Bureau orders supervision of its payment arm

CFPB has ordered federal supervision of Google Payment Corp. due to potential risks to consumers related to transactions and fraud.

The US Consumer Financial Protection Bureau will now regulate Apple Pay, Venmo and others

The CFPB is now supervising digital wallet companies to enhance consumer protection and ensure compliance with financial regulations.

CFPB finalizes rule to oversee digital payment Giants Like Apple Pay

CFPB regulates large nonbank payment companies to ensure consumer protection and consistent enforcement of financial laws.

Will new Apple Pay oversight make Apple Bank a good idea?

Digital payment systems have become essential in modern commerce, warranting increased regulatory oversight.

Google sues after Consumer Financial Protection Bureau orders supervision of its payment arm

CFPB has ordered federal supervision of Google Payment Corp. due to potential risks to consumers related to transactions and fraud.

The US Consumer Financial Protection Bureau will now regulate Apple Pay, Venmo and others

The CFPB is now supervising digital wallet companies to enhance consumer protection and ensure compliance with financial regulations.
morecfpb
#e-commerce

Adani to battle Reliance, Walmart in India's e-commerce, payments race, report says | TechCrunch

Adani Group diversifying into e-commerce and digital payments to compete with existing giants like Reliance, Amazon, Flipkart, and PhonePe.

What Is a Virtual Terminal? Definition, Benefits, and Risks (2024) - Shopify

Virtual terminals simplify payment processing by eliminating the need for physical point-of-sale systems, making transactions accessible and flexible for businesses.

Exploring Alternative Payment Methods for Online Transactions

The rise of Cash App and other alternatives is reshaping online payments, influencing local businesses in San Jose to adapt accordingly.

Selecting the Ideal Payment Service Provider (PSP) for Your Company

The rapid growth of non-cash transactions underscores the importance of Payment Service Providers in managing digital payments effectively.

PayPal for startups: How businesses are leveraging digital payments - London Business News | Londonlovesbusiness.com

PayPal is a leading digital payment method in the UK, rapidly gaining market share due to its convenience and security.

Adani to battle Reliance, Walmart in India's e-commerce, payments race, report says | TechCrunch

Adani Group diversifying into e-commerce and digital payments to compete with existing giants like Reliance, Amazon, Flipkart, and PhonePe.

What Is a Virtual Terminal? Definition, Benefits, and Risks (2024) - Shopify

Virtual terminals simplify payment processing by eliminating the need for physical point-of-sale systems, making transactions accessible and flexible for businesses.

Exploring Alternative Payment Methods for Online Transactions

The rise of Cash App and other alternatives is reshaping online payments, influencing local businesses in San Jose to adapt accordingly.

Selecting the Ideal Payment Service Provider (PSP) for Your Company

The rapid growth of non-cash transactions underscores the importance of Payment Service Providers in managing digital payments effectively.

PayPal for startups: How businesses are leveraging digital payments - London Business News | Londonlovesbusiness.com

PayPal is a leading digital payment method in the UK, rapidly gaining market share due to its convenience and security.
moree-commerce

Debunking digital payments myths

Digital payments simplify premium collection amidst myths, enhancing agency-client relationships by offering modern, flexible payment options to meet consumer expectations.
#financial-services

Why payment technology should be a key concern for all online businesses

The surge in digital payments is driven by rapid financial services digitization, but poses significant cybersecurity risks and regulatory challenges.

The rise and rise of open banking

Open banking enhances consumer control over financial data, promoting innovation and competition in the banking sector.

Why payment technology should be a key concern for all online businesses

The surge in digital payments is driven by rapid financial services digitization, but poses significant cybersecurity risks and regulatory challenges.

The rise and rise of open banking

Open banking enhances consumer control over financial data, promoting innovation and competition in the banking sector.
morefinancial-services

Advancing Canada's digital future | The Walrus

Canada's financial system is resilient and advanced, driven by innovative digital payment infrastructures that exceed those in many other countries.
#financial-technology

Apple Pay, Cash App, and other digital wallets will be regulated more like banks now

The CFPB will regulate digital payment apps with over 50 million transactions to enhance consumer protection.

Non-cash transactions to hit 1.6T, with Asia leading adoption

The surge in digital payments globally indicates a shift towards non-cash transaction methods, led by Asia-Pacific's growth.

Innovative Payment Technology Rapidly Adopted By Modern Businesses

Digital payments are transforming financial transactions, benefiting both consumers and businesses through convenience and enhanced sales opportunities.

Apple says support for redeeming rewards will later come to Apple Pay | TechCrunch

Apple is evolving Apple Pay with installment loans from partner lenders and future rewards redemption.

JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR

JPMorgan has rebranded its blockchain unit to Kinexys, focusing on real-world asset tokenization and plans to launch on-chain foreign exchange by 2025.

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.

Apple Pay, Cash App, and other digital wallets will be regulated more like banks now

The CFPB will regulate digital payment apps with over 50 million transactions to enhance consumer protection.

Non-cash transactions to hit 1.6T, with Asia leading adoption

The surge in digital payments globally indicates a shift towards non-cash transaction methods, led by Asia-Pacific's growth.

Innovative Payment Technology Rapidly Adopted By Modern Businesses

Digital payments are transforming financial transactions, benefiting both consumers and businesses through convenience and enhanced sales opportunities.

Apple says support for redeeming rewards will later come to Apple Pay | TechCrunch

Apple is evolving Apple Pay with installment loans from partner lenders and future rewards redemption.

JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR

JPMorgan has rebranded its blockchain unit to Kinexys, focusing on real-world asset tokenization and plans to launch on-chain foreign exchange by 2025.

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.
morefinancial-technology
#cybersecurity

Digital Dystopia: Lessons from the Global IT Outage on the Perils of Cashless Living

The global IT outage highlighted the fragility of a fully cashless society, emphasizing the essential role of cash in the economy.

Over 200 Banks Affected By A Single Ransomware Attack

Ransomware attack disrupted over 200 Indian Co-Op Banks through a breach on a service provider's end.

PayPal is DOWN: Payment platform crashes for thousands of users

PayPal experienced a significant outage affecting thousands, disrupting users' access to accounts and causing concerns about possible hacking.

India to train 5000 'Cyber Commandos'

India plans to train 5,000 Cyber Commandos to enhance its cybersecurity capabilities over the next five years.

Digital Dystopia: Lessons from the Global IT Outage on the Perils of Cashless Living

The global IT outage highlighted the fragility of a fully cashless society, emphasizing the essential role of cash in the economy.

Over 200 Banks Affected By A Single Ransomware Attack

Ransomware attack disrupted over 200 Indian Co-Op Banks through a breach on a service provider's end.

PayPal is DOWN: Payment platform crashes for thousands of users

PayPal experienced a significant outage affecting thousands, disrupting users' access to accounts and causing concerns about possible hacking.

India to train 5000 'Cyber Commandos'

India plans to train 5,000 Cyber Commandos to enhance its cybersecurity capabilities over the next five years.
morecybersecurity
#consumer-behavior

Survey reveals the age group that uses cash most - and the results may surprise

Despite the rise of digital payments, cash remains popular, especially among younger adults who use it frequently for budgeting and everyday purchases.

How Amex determines what makes or breaks a payment method and how it chooses the right payment tech - Tearsheet

The success of payment methods relies on macroeconomic factors, consumer perceptions, and technology.

Survey reveals the age group that uses cash most - and the results may surprise

Despite the rise of digital payments, cash remains popular, especially among younger adults who use it frequently for budgeting and everyday purchases.

How Amex determines what makes or breaks a payment method and how it chooses the right payment tech - Tearsheet

The success of payment methods relies on macroeconomic factors, consumer perceptions, and technology.
moreconsumer-behavior

CFPB is reportedly trying to put Google under bank-like supervision

CFPB aims to supervise Google similarly to banks amid concerns over consumer protection in digital payments.
#stablecoins

How Tokenized Money Market Funds Dulled the Stablecoin Star

Stablecoins have experienced significant growth with 11 months of inflows, reaching a market cap of $171 billion, attracting both new and traditional players.

Ripple announces partners for its RLUSD stablecoin

Ripple is set to launch a compliant stablecoin, RLUSD, pending New York regulatory approval.

How Tokenized Money Market Funds Dulled the Stablecoin Star

Stablecoins have experienced significant growth with 11 months of inflows, reaching a market cap of $171 billion, attracting both new and traditional players.

Ripple announces partners for its RLUSD stablecoin

Ripple is set to launch a compliant stablecoin, RLUSD, pending New York regulatory approval.
morestablecoins
from Business Matters
1 month ago

Businesses Increasingly Adopt Crypto To Meet Market Demand

Businesses across the UK are adopting cryptocurrency to meet market demand, attract tech-savvy customers, and streamline transactions.
#cashless-society

Sweden and Norway rethink cashless society plans over Russia security fears

Sweden and Norway are reconsidering cashless society plans due to vulnerabilities exposed by Russian threats and the need for inclusive payment options.

Israel Goes Cashless

The initiative to abolish 200 shekel bills aims to combat financial crime but may destabilize the economy and harm vulnerable populations.

Sweden and Norway rethink cashless society plans over Russia security fears

Sweden and Norway are reconsidering cashless society plans due to vulnerabilities exposed by Russian threats and the need for inclusive payment options.

Israel Goes Cashless

The initiative to abolish 200 shekel bills aims to combat financial crime but may destabilize the economy and harm vulnerable populations.
morecashless-society

The Great Debate: Cash vs. Digital Payments in a Crisis-Driven World | HackerNoon

Despite the rise of digital payments, cash remains essential during crises, providing access to goods when technology fails.

How Discover is tapping into niche consumer segments as a pathway for growth - Tearsheet

Improving payment experiences can lead to wider access to essential services, especially for low-income consumers, impacting overall lifestyle choices.
#payment-apps

Why You Shouldn't Store Your Money in Payment Apps

Payment apps offer convenience but may pose financial risks due to lack of deposit insurance and protections.

Google is sunsetting the Google Pay app in the US later this year | TechCrunch

Google Pay shutting down in the U.S. in June, will only be available in Singapore and India.
Users can access Google Pay features through Google Wallet, which is more popular in the U.S.

Payment apps are popular, but here's why you shouldn't store money in them

Payment apps, while convenient, pose risks due to lack of traditional banking protections; immediate transfer to savings is advised.

Why You Shouldn't Store Your Money in Payment Apps

Payment apps offer convenience but may pose financial risks due to lack of deposit insurance and protections.

Google is sunsetting the Google Pay app in the US later this year | TechCrunch

Google Pay shutting down in the U.S. in June, will only be available in Singapore and India.
Users can access Google Pay features through Google Wallet, which is more popular in the U.S.

Payment apps are popular, but here's why you shouldn't store money in them

Payment apps, while convenient, pose risks due to lack of traditional banking protections; immediate transfer to savings is advised.
morepayment-apps
#merchant-services

Merchants Weigh In on Payment Processing

Businesses accepting multiple payment methods are more satisfied with their processing relationships.
Shopify, Paysafe, and Bank of America ranked highest in the J.D. Power study for merchant services satisfaction.

Klarna Checkout is now Kustom - Silicon Canals

Klarna Checkout has been rebranded to Kustom, emphasizing increased customization and support for merchants in the digital payment space.

Merchants Weigh In on Payment Processing

Businesses accepting multiple payment methods are more satisfied with their processing relationships.
Shopify, Paysafe, and Bank of America ranked highest in the J.D. Power study for merchant services satisfaction.

Klarna Checkout is now Kustom - Silicon Canals

Klarna Checkout has been rebranded to Kustom, emphasizing increased customization and support for merchants in the digital payment space.
moremerchant-services

Google Wallet adds support for nearly 50 more regional banks and small credit unions

Google Wallet enhances banking experiences by integrating with small banks, providing access to advanced payment technologies.
from Itsnicethat
3 months ago

Pentagram's Paypal rebrand features a new motion language that mimics payment gestures

PayPal's new typeface and design emphasize usability and collaboration.
PayPal Pro is a blend of modern design and practical functionality.

Cash Is Still King, Consumers Would Prefer to Use Money Over CBDCs: Deutsche Bank

Consumers are skeptical about CBDCs, with only 16% believing they will become mainstream.

Why all B2B Businesses should embrace digital payments

B2B customers demand digital payment flexibility similar to B2C but the sector is slow in adapting.
#paypal

Will Ferrell Covers Fleetwood Mac for PayPal in New Ad

PayPal enhances user experience with the integration of its debit card into Apple Wallet, supported by a high-profile ad campaign featuring Will Ferrell.

PayPal takes Will Ferrell Everywhere' for largest-ever US ad campaign

PayPal teams with Will Ferrell for its largest U.S. advertising campaign, emphasizing ease of shopping with PayPal's services.

PayPal eyes ad business, set to utilize data from millions of users

PayPal is launching a new advertising sales business leveraging user data.

Inside Alex Chriss's first year leading PayPal - Tearsheet

Alex Chriss was appointed as PayPal's CEO under significant expectations following Daniel Schulman's departure, amid industry skepticism regarding his potential impact.

Will Ferrell Covers Fleetwood Mac for PayPal in New Ad

PayPal enhances user experience with the integration of its debit card into Apple Wallet, supported by a high-profile ad campaign featuring Will Ferrell.

PayPal takes Will Ferrell Everywhere' for largest-ever US ad campaign

PayPal teams with Will Ferrell for its largest U.S. advertising campaign, emphasizing ease of shopping with PayPal's services.

PayPal eyes ad business, set to utilize data from millions of users

PayPal is launching a new advertising sales business leveraging user data.

Inside Alex Chriss's first year leading PayPal - Tearsheet

Alex Chriss was appointed as PayPal's CEO under significant expectations following Daniel Schulman's departure, amid industry skepticism regarding his potential impact.
morepaypal

Understanding Payment Methods: A Comprehensive Guide

The diverse landscape of payment methods has evolved to encompass traditional, digital, and cryptocurrency options, impacting convenience, security, and customer satisfaction.

Amazon Prime Day 2024 sales hit record $14.2 billion | TechCrunch

Amazon's Prime Day 2024 set a new sales record of $14.2 billion, showing an 11% increase from the previous year.

New Ecommerce Tools: May 14, 2024

Companies are introducing innovative tools for ecommerce merchants like shoppable video, digital payments, returns management, and AI-powered solutions.

The Dollar Won, but Might the U.S. Lose Control of the Dollar?

The U.S. dollar dominance is prevalent in global transactions surpassing the economic position, impacting financial infrastructure worldwide.

Chromium devs plan to put micropayments in the browser

The Chromium team is working on a prototype for Web Monetization, a way for websites to receive automatic payments from users.
Web Monetization offers small payments and no user interaction, addressing unmet scenarios on the web.

Kevin O'Leary Slams Spot Bitcoin ETF Fees, Says Not Buying | Entrepreneur

Kevin O'Leary is not interested in bitcoin ETFs due to the fees associated with them.
He believes that only a few of the approved ETF applications will survive, with companies like BlackRock and Fidelity having the best chance.

New Ecommerce Tools: June 17, 2024

New ecommerce products include generative AI, chatbots, digital payments, social commerce, subscriptions, media networks, and cryptocurrencies.
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