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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The company also provides a card reader and mobile POS app for free. Read on to find out.

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Alipay Sets Sights on Tourism in Asia, As New Partnerships Boost Travel to South Korea and China

The Fintech Times

The initiative helps global travellers visiting Huangshan enjoy convenient payment options, including card, mobile payment and cash, as well as claim-tailored digital red packets to enjoy shopping discounts and check travel guides and tips in 16 languages.

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Paytm To Charge Users A 2 Pct Fee For Adding Money With Credit Cards

PYMNTS

Paytm users will face new 2 percent fees for using the credit card attached to their eWallets, a report from Business Today says. Before now, users had to pay the 2 percent fee only if they loaded over Rs 10,000 on their eWallets from a credit card every month. Please use UPI or debit card to add money for free.”.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. Plus, EFT payments are typically backed by your bank, so you can be sure that your money is safe.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. Plus, EFT payments are typically backed by your bank, so you can be sure that your money is safe.

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

The proliferation of ewallet platforms and mobile payment systems over the past decade has also revolutionized the way consumers interact with financial services. billion mobile wallet users globally , highlighting the rapid adoption of these convenient and secure payment options. As of 2023, there were over 4.5 With over 7.2

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Grab And Mastercard Team To Bring Prepaid Cards To Southeast Asia

PYMNTS

To overcome that, Grab, along with Mastercard, will issue virtual and physical prepaid cards directly from the Grab app. Customers can add cash to the card to spend at any merchant, online and offline, where Mastercard is accepted around the world.

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