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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

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Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report

Fintech Finance

More than three-quarters of Americans now prefer to pay their bills digitally, especially Gen Z and Millennials, who show a significant inclination toward mobile payments. However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft.

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Westpac Makes Mobile Credit Cards Dynamic for Corporate Customers

Fintech Finance

Westpac’s Dynamic Virtual Card can be used online as well as in-store via digital wallet tap and go transactions. Once generated, end users receive encrypted instructions inviting them to download an app which enables the virtual card to be added to the digital wallet on their eligible device.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.

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RBI Unveils New Digital Tools for Regulatory Applications, Boost Fintech Insights

Fintech News

Governor of the Reserve Bank of India , Shri Shaktikanta Das, announced the launch of three significant initiatives: the PRAVAAH portal, the Retail Direct Mobile App, and a Fintech Repository. The portal features functionalities such as online application submission, status tracking, query response, and timely decision notifications.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. For more on these and other onboarding items, download this month’s Tracker. .