Image Credits: Eugene Mymrin / Getty Images A couple of years ago, payments orchestration was a foreign term to many large companies Juan Pablo Ortega would speak to. Today, the Yuno co-founder and CEO doesn’t have to do as much explaining. “The perception has changed dramatically,” Ortega told TechCrunch. “Many large companies are now well …
Financial Telecommunication or SWIFT on a billboard December 15, 2022 in Hong Kong, China. NurPhoto via Getty Images With funding for fintech startups having fallen precipitously from the days of ultra-low interest rates and a focus on growth at all costs, a reality is setting in: Disrupting the giants of incumbent financial services is no …
SOPA Images/LightRocket via Getty Images Bank customers used Zelle to transfer $806 billion in 2.9 billion payments last year, up 28% in both dollar value and transaction volume from 2022, as use of the payment app by small businesses spread. Zelle was launched by the big banks in 2017 to compete with peer-to-peer payment services …
MasterCard and MTN Group Fintech partnership to launch a prepaid virtual card tailored for MTN’s MoMo. MasterCard and MTN Group continue to deepen their relationship as they jointly unveiled a prepaid virtual card, targeted at the telco’s Mobile Money (MoMo) users The deal will allow MoMo users to transact at over 100 million points globally, while …
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. …
Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The company said in a Friday (March 1) filing with the National Stock Exchange of India that its board of directors has “approved the discontinuation of various inter-company agreements with its …
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing two sources familiar with the matter. The news comes as …
For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in the ground, claiming 50% of the Fortune 500 as customers since its founding in 2013. As global head of financial services Junta Nakai told PYMNTS, educating those clients — and …
The Monetary Authority of Singapore has told the country’s financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing. Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. These computers will break commonly-used asymmetric cryptography, while symmetric cryptography could require …
Jeremy Lappin is the CEO of Candex, a newcomer to the Fintech 50 list in the payments category. illustration by stephanie cui for forbes; photo by candex Payments companies are racing to connect disparate systems across the country and around the globe, and they made up one of the largest categories on our 2024 Fintech …