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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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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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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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Geidea Leads the FinTech Revolution in the Region, Starting With a Network of Thousands of Merchants and Preparing for the SoftPos Launch in Egypt

Fintech Finance

Geidea , a leading provider of digital payment solutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE.

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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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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

Mobile plays a big part in increasing acceptance, said Wain, as it provides an alternative to point of sale (POS) terminals, land lines that’s easy to deploy and maintain. All of these factors create a “perfect combination for digital payments to take off in these markets,” he said. Issuance Matters, Too .

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Visa’s CyberSource On The Digital Payments Evolution

PYMNTS

The decision to acquire CyberSource was an investment in building value-added services around accepting cards and various forms of digital payments online.”. Ten years later, CyberSource and its role in the payments ecosystem has evolved — because, as Machicao put it, commerce itself has evolved.