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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

Zed (Philippines) Zed card, Source: Zed Zed is a forthcoming credit card service in the Philippines that plans to offer a unique, fee-free approach to credit aimed primarily at young professionals, particularly those new to credit or without an extensive credit history. million downloads.

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How Much Do Credit Card Companies Charge Merchants?

Stax

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Statement fees.

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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

To complete payment processing, credit card companies have to charge processing fees. Also referred to as swipe fees, these are simply fees that the merchant pays to the credit card company or credit card service providers to accept the payment. Processor markup fees are also known as merchant service fees.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In December 2017, Amazon’s Alexa Fund participated in a $16M Series A to Greenlight Financial, an alternative debit card issuer aimed at young consumers. With the card, parents can manage spending limits and allocate funds for their children through a mobile app. This investment complements Amazon’s broader push to support SMEs.