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FinTech-As-A-Service Eyes Global Payments Simplification Makeover

PYMNTS

billion people across the globe who do not transact using traditional conduits of credit or debit cards. Fund disbursements include push-to-card and local eWallet options. The Transition In Payments, Too. The world is shifting, dramatically, to real-time push payments,” Shtilman explained. The Silo Approach.

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 Visa B2B Connect Goes Global

PYMNTS

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation.

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Grab And Mastercard Team To Bring Prepaid Cards To Southeast Asia

PYMNTS

The companies noted that by issuing Mastercard prepaid cards, Grab’s mobile payments platform, GrabPay , will become the first eWallet from Southeast Asia that is accepted around the world. This partnership goes beyond Grab issuing prepaid cards, and is a game-changer for Southeast Asia.

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Checkout.Com Raises $230M At $2B Valuation

PYMNTS

“Checkout.com’s proprietary technology helps fast growing businesses have seamless and reliable global payment processing for both companies and consumers,” the company said in a blog post.

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance. For instance, the global payment processing market is estimated to reach a monumental $587.78 Furthermore, global payment volume reached a staggering $31.7 trillion in payment volume.

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What is NFC Mobile Payment and How to Use It?

Payment Savvy

Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. Laptops : Using a laptop for processing payments will be clunky, yet it’s technically possible.

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Alternative Payments Gain Global Traction, But Cash Remains Tough Foe

PYMNTS

In fact, up to 70 percent of eCommerce transactions in India use the cash on delivery payment method, according to Statista.com. But consumers in India are indeed taking to mobile commerce, according to a Worldpay Global Payments report from late 2018. Expanding Ecosystems.