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Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Fintech Finance

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions.

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Hong Kong Digital Payment Platform Statrys Lands $5M

PYMNTS

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

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Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions

Fintech Finance

This partnership underscores Shiji and FreedomPay’s commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry’s shift towards smoother payments and payment management.

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Mastercard Recognizes JazzCash with ‘Pioneering Telco to Launch Tap on Phone’ Award

Fintech Finance

The award recognizes JazzCash’s innovative approach, the first of its kind globally, allowing over 350,000 merchants and businesses to accept payments from contactless cards or smartphones with a simple tap on an NFC-enabled Android device. million debit and credit cards in Pakistan, there are only 125,593 point-of-sale (PoS) machines.

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Bahrain's EazyPay joins forces with Visa

Finextra

In a groundbreaking partnership, Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

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The Digital Payments Preferences That Cross The Generational Divide

PYMNTS

For financial institutions (FIs) and enterprises that seek to pivot to meet the growing demand for digital payments, observing and reacting to shifts in how different generations prefer to pay will be critical during the pandemic and beyond, according to Royal Cole , executive vice president, FI payment solutions at FIS.

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Adyen Continues to Pioneer the In-Person Payment Space with Host of New Industry-Defining Products

Fintech Finance

SFO1 allows enterprise and platform businesses to maintain consistent brand presence and engage customers dynamically, by seamlessly integrating with their point of sale (POS) systems or partners, while reducing counter clutter and costs. With the growing popularity of buy-now-pay-later (BNPL) services—projected to reach $3.98