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 …
NVIDIA Technologies and its partners have made new strides in quantum computing. Their collective efforts have engendered commendable advances in science and finance research, education, and the development of supercomputers. High up on the list of results is the investigation of molecules using a large language model. Researchers in Canada and the U.S. pursued this, …
Digital wallets — such as Apple Pay and Google Pay, which use near-field communication tags, and Amazon Pay and PayPal, which use QR codes — offer shoppers a contactless method to complete their purchases. Because digital wallets store encrypted debit and/or credit card information, they also provide consumers with a more secure way to shop …
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on X, formerly Twitter. “We have received approval from @NPCI_NPCI to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.” Now, officially …
PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business profile and PayPal Zettle users, letting them accept contactless card and digital wallet payments on their iPhones with no additional cost or hardware. “Consumers are increasingly going cashless,” …
Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may be “a few months away,” said Musk, whose comments Wednesday (March 6) at the Morgan Stanley technology, media and telecom conference were reported by Reuters. …
The business-to-business (B2B) payments landscape has undergone two-plus decades of digitization and innovation. And the particularly rapid acceleration of that digitization over just the past few years has wrought significant changes — and brought numerous benefits — to the way businesses transact and move money. It has also changed the way businesses across industries expect …
Businesses in the media and telecom space display strong appetites for a range of embedded finance innovations, from digital wallets to installment plans to business credit cards. Most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces in this segment indicate robust demand for embedded loyalty and rewards program innovations and digital wallets. Despite serving …
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN MoMo) wallets, the companies said in a Wednesday (Feb. 28) press release. …
Paytm Payments Bank update: The Reserve Bank of India (RBI) has announced additional measures to ensure uninterrupted digital payments for UPI customers utilizing the @paytm handle, following its decision that Paytm Payments Bank will halt accepting further credits into customer accounts and wallets after March 15, 2024.These directives apply exclusively to current @paytm UPI handle …