The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital transformation of historical processes and an electronic streamlining of traditional workflow hiccups. In order to capture the concrete opportunities that exist for B2B businesses to …
Hong Kong fintech company Wonder has won approval from the city’s Transport Department for its effort to bring digital payments to Hong Kong’s 18,000-odd taxis, the vast majority of which only take cash. Taxi Pay x Wonder, or Taxi Pay for short, is the first payment gateway platform to be approved by the HKSAR Transport …
For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from one account to another, commonly enabled by providers such as PayPal, Venmo or Cash App, are gaining ground. In fact, 36% of consumers …
Apple Cash cards now have virtual card numbers, enabling users to securely spend their Apple Cash at merchants that don’t accept Apple Pay. This change was included among updates to Apple Cash terms and conditions released Tuesday (April 9). To view their virtual card number, users go to the Apple Cash card in the Wallet app, tap “…”, …
Tranglo has expanded its cross-border payment network to allow transfers to more than 30 digital wallets. The Singapore-based FinTech announced the expansion Monday (April 8), noting that its direct-to-wallet transfers eliminate the need for intermediaries and ensure funds are available to recipients immediately. “This is especially important for millions of rural recipients, who often lack access to traditional financial …
New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash deposits. The new announcements were made by Shaktikanta Das as a part of RBI’s monetary policy statement.The two new UPI features allow users to …
PayToMe.co integrated Stripe Connect to scale globally and enhance its payments solutions for platforms and marketplace. The integration will facilitate onboarding, global payouts, payment compliance and know your customer processes, with solutions tailored to the needs of more than 100 countries, the FinTech platform said in a Friday (April 5) press release. “Integrating Stripe Connect propels PayToMe.co into a …
Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions are facilitated by UPI, and the account debit will occur in Indian rupees, with the terminals showing the currency exchange rate, PhonePe said in a Thursday (March 28) press release. Non-resident …
Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient. Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer …
This is not the first time a beggar has been using digital payments. A visually impaired beggar in Assam’s Guwahati has grabbed the attention of social media users with his unique way of begging. In a video that has gone viral on X, the beggar identified as Dashrath was seen accepting alms through digital payments. The video shows …