Fintech News

AUGUST 21, 2024

In the dynamic landscape of the Asian payments industry, a palpable shift is underway – one characterised by the rapid adoption of digital payment solutions. As we navigate the complexities of 2024, it becomes increasingly evident that traditional payment methods are gradually giving way to more digital alternatives.

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Payments Trends Digital Payments Payments Instant Payments 106

The Paypers

DECEMBER 20, 2023

Mastercard has announced the launch of contactless payment solutions in Nigeria, aiming to drive digital payment transformation in the region.

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Contactless Payments Payment Solutions Visa Payments 61

Cardknox

MARCH 20, 2024

Table of Contents Digital payment trend 1: Contactless payments expansion Digital payment trend 2: Point-of-care options in the dental and medical industries Digital payment trend 3: Banking as a Service […] The post Digital payment trends to watch in 2024 appeared first on Cardknox.

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Payments Trends Digital Payments Contactless Payments Payments 64

Paystand

DECEMBER 12, 2023

The shift towards digital payments has led to fast and efficient business growth opportunities. However, most business accounting and finance departments still need to catch up in adopting this payment method. Businesses view the payment experience as another customer touchpoint.

B2B 98

B2B Digital Payments Payments Contactless Payments 98

Payments Source

SEPTEMBER 1, 2020

PaymentsSource Senior Analyst Michael Moeser interviews Visa's global head of contactless payments, Dan Sanford, about the factors causing a sharp rise in the use of contactless cards and mobile wallets across the globe.

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Contactless Payments Payments Digital Payments 154

NFCW

JANUARY 16, 2024

This change implied that the share of card payments eligible for tap-and-go suddenly increased from approximately 60% to 80%,” say the researchers. The share of contactless transactions increased by 17 percentage points from 44% to 61% following the onset of the pandemic, the researchers found.

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Contactless Payments Research Consumer Central Bank 86

Fintech Finance

SEPTEMBER 30, 2024

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

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Visa Payment Service Provider (PSP) Digital Payments Gateways 94

Payments Source

MAY 28, 2020

People who order groceries for delivery may be using digital payments or a plastic card to pay for their food, but the person picking up the groceries may be making a separate payment at the point of pickup — and in the process, influencing the global shift toward contactless payments.

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Contactless Payments Payments Digital Payments Process 106

The Fintech Times

JULY 31, 2024

Digital payments giant Visa is introducing new resources to help merchants in Vietnam, with a focus on small and medium-sized businesses (SMBs), accept and take full advantage of Visa’s digital payment solutions. In Vietnam, over 70 per cent of face-to-face transactions made on Visa cards are contactless.

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Contactless Payments Payment Solutions Online and Mobile Banking On-Demand 58

Fintech Finance

AUGUST 29, 2024

Leading fintech Pine Labs and Visa , the global leader in global payments have come together to scale digital payments acceptance and further India’s vision of a digital economy by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC) and card payments.

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Digital Payments Payments Contactless Payments Acquirers 84

Payments Source

SEPTEMBER 17, 2020

Besides providing a safe, sanitary no-touch payment option for consumers, there are other advantages to contactless payments, such as line-busting, says Todd Barstow, vice president of payment solutions for GK Software USA.

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Contactless Payments Payments Payment Solutions Consumer 123

PYMNTS

OCTOBER 27, 2020

While contactless payment methods in the form of mobile wallets and contactless cards are both becoming more common features, our consumer-survey data strongly indicates while that’s better than making consumers dip their cards, it’s not quite the gold standard when it comes to giving consumers hands-off options for payments.

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Contactless Payments Consumer Payments PayPal 115

Fintech Finance

DECEMBER 20, 2023

Mastercard leads the charge in transforming the payment landscape in Nigeria as it unveils its contactless payment solutions. The solution will empower businesses to accept card payments easily and cost effectively, using “tap on phone”, “QR Pay by link” and “Payment link” on their smart phones.

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Digital Payments Contactless Payments Visa Payments 52

The Fintech Times

AUGUST 31, 2024

Recognising this, Pine Labs and Visa are joining forces to upgrade the in-store payment experience available in the region, also helping millions of consumers who want to pay digitally at the checkout. Pine Labs Mini is an eco-friendly and economical digital payment acceptance device designed for small and medium-sized merchants.

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Digital Payments Contactless Payments Payments Small Business 63

PYMNTS

OCTOBER 5, 2020

The retailer said the move will allow customers to complete in-person transactions using PayPal or Venmo account balances or linked bank accounts or payment cards without the need to touch a keypad or present a payment card. Prior to the pandemic, few consumers had experimented with contactless payments at all.

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Contactless Payments Consumer PayPal Payments 144

Payments Source

JANUARY 4, 2021

The pandemic may have served as a catalyst for rapid growth in contactless payments through wearable devices. It’s the combination of form and function, however, that will push wearable payments into further growth in 2021 and beyond, says Zeta's Bhavin Turakhia.

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Contactless Payments Payments Process Digital Payments 109

PYMNTS

SEPTEMBER 14, 2020

One especially notable trend is businesses increasing adoption of contactless payment methods like cards and mobile wallets,” per the new report. consumers reported they had made at least four contactless transactions as of April.”. Contactless and the Ubiquity Challenge. Generally speaking, people like it.

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Contactless Payments Payments Consumer Consulting 90

Fintech News

NOVEMBER 11, 2024

Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone payment solution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store.

Contactless Payments 106

Contactless Payments Visa Financial Inclusion Payments 106

Fintech Finance

OCTOBER 16, 2024

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is paving the way to a significant reduction of plastic waste and CO 2 emissions in the payment card industry. Additionally, Infineon is partnering with leading payment card manufacturers and payment schemes in preparation for mass production.

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Contactless Payments Technology Wire Wires 89

Fintech Finance

OCTOBER 17, 2024

Premier Bank , in collaboration with Mastercard and Tappy Technologies , has launched Tap2Pay, making Premier Bank the first Somali Bank in Africa to launch tokenized-passive payment wearables. Tokenization is at the heart of the next generation of secure, contactless payments.

Visa 98

Visa Technology Financial Inclusion Contactless Payments 98

Payments Source

DECEMBER 2, 2019

Adoption of contactless is already well under way, and in a few years consumers will likely look back and recall the bad old days when valuable time was taken up waiting for transactions be processed and wonder how they ever coped without the speed, ease and convenience of contactless payment cards, writes Fiserv's Jamie Topolski.

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Contactless Payments EMV Payments Process 85

FICO

JULY 10, 2020

As a result of COVID-19, the use of contactless payments is expected to rise 10–15% in the U.S. With this uptick in usage leaving many wondering just how secure this payment method is, I thought it was important to answer some commonly asked questions. What exactly are contactless payments?

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Contactless Payments Identity Theft Payments Verification 52

Fintech Finance

APRIL 29, 2024

Reem Finance (RF), a leading financial services provider in the UAE, has signed a strategic partnership agreement with global digital payments leader, Visa. to expand its offerings by providing innovative, secure digital payment solutions to its customers including contactless enabled Visa cards and digital wallets.

Payment Solutions 52

Payment Solutions Digital Payments Finance Innovation 52

Clearly Payments

OCTOBER 7, 2024

Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. This article covers the impact of COVID-19 on payment processing, supported by data and statistics that highlight the scope and scale of these changes.

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Cross-Border Processors Multi-Currency Contactless Payments 90

Fintech News

SEPTEMBER 17, 2024

dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. Future phases will focus on developing additional global payment solutions for UHNW individuals, businesses, and consumers.

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Digital Currency Web 3.0 Payments Stablecoins 114

Fintech Finance

JULY 23, 2024

UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions.

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Embedded Finance Digital Payments Research Consumer 80

FICO

APRIL 13, 2022

The pandemic payments trade-off . Contactless payments have rocketed as the risk of spreading disease by touching money and payment terminals saw the world's consumers adopt a 'no-touch', socially distanced approach to transacting. For consumers, contactless payments have given them convenience, ease and security.

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Contactless Payments Push-to-Card Payments AI 52

PayJunction

MARCH 5, 2024

In the past few years, we’ve witnessed exponential growth in contactless and digital payments, as consumers opt for the convenience of smartphones and wearables over traditional wallets. These behavioral adjustments have changed how veterinary practices handle payment acceptance.

Contactless Payments 52

Contactless Payments Adjustments Payments Digital Payments 52

Fintech Finance

NOVEMBER 20, 2024

New research from NatWest has revealed the continued fast pace of change in the payments behaviours of people across the UK. As digital payments become more readily available, in 2024, only 8% of adults report that they still use cash and coins “all of the time,” according to new NatWest data.

ATM 84

ATM Push-to-Card Payments Non-Bank 84

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The High Stakes Of Offering Contactless.

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Contactless Payments Credit Union Innovation P2P 74

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions.

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Process ISOs Credit Cards Online and Mobile Banking 97

Fintech Finance

MAY 14, 2024

In a significant leap forward for contactless payment solutions within the travel and hospitality sector, Softpay , a tap-to-pay solution provider, is excited to announce its strategic partnership with Visit Group , the comprehensive digital ecosystem for the tourist industry.

Digital Payments 52

Digital Payments Contactless Payments Payments Acquirers 52

Fintech Finance

NOVEMBER 21, 2024

By partnering with NewStore for the launch, businesses including Lorna Jane and R.M.Williams can now accept contactless payments using only an iPhone and the NewStore Associate iOS app. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers. “As

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Contactless Payments Debit Card Encryption Transactions 83

Payments Source

SEPTEMBER 30, 2020

The COVID-19 pandemic was a clear incentive for advancing contactless and digital payment technology — but the systems merchants put in place today could create new problems down the road.

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Digital Payments Payments Technology Contactless Payments 148

PYMNTS

OCTOBER 1, 2019

From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent; the 42.2

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Contactless Payments Consumer Payments Push-to-Card 56

Fintech News

JUNE 25, 2024

2C2P, a full-suite payments platform, and MineSec have launched a new cloud-based Point of Sale (POS) payment app for Android devices in Singapore. This collaboration introduces a versatile solution enabling businesses to accept Tap-to-Pay and QR payments directly on NFC-enabled Android devices.

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Point-of-Sale (POS) Contactless Payments Payments On-Demand 113

PYMNTS

OCTOBER 16, 2018

Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The Guardian reported that Worldpay said it was the first time it has seen contactless payments surpass chip and pin.

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Contactless Payments CHIPS Payments Debit Card 73