While some countries are consistently moving towards cashless economies, cash remains prevalent over other payment methods in several regions globally. What are the reasons for such persistence and what can be done to finally move cash from its pedestal?
SWIFT network is to launch an AI-powered solution to bolster fraud detection in cross-border payments, analyze vast amounts of real-time payment data, and mitigate risks.
Companies that export goods and services across borders are statistically outperforming companies that limit their business operations to domestic territories. However, cross-border payments are still not handled in the most effective way. Therefore, businesses dealing with international trade often suffer from payment inefficiencies. To what extent are they able to hinder business growth?
Unified Payments Interface (UPI) transactions in India grew by 52% year-on-year, reaching 78.97 billion in the first half of 2024.
The combination of Citi WorldLink Payment Services and Mastercard Move offering will add speed, security, and transparency for cross-border transfers in 14 supported markets.
Neteller has long been one of the UK’s go-to payment methods for online betting. It is known for its ease of use, security, and widespread acceptance by many bookmakers. But how does this payment method stack up in today’s rapidly evolving market, and why has it become such a favourite among UK punters?
Mastercard has stated that South Africa will be its first market to benefit from real-time card payments.
“We’re still effectively in the “early 90’s internet” phase of AI at the moment. […] as we unlock AI capabilities, especially those semi-autonomous or autonomous in nature, we begin to see what the future has in store. The possibilities of AI applications are conceivably endless, limited perhaps only by imagination and energy production,” says Don […]
In an effort to boost sales, merchants strive to provide excellent customer experience and utmost payment flexibility. But does the variety of payment methods available on the e-commerce platform account for bigger revenues or scare customers away? We’re here to analyse a possible connection and decide whether the focus on payment variety is worth the […]
Mastercard latest collaboration aims to enable businesses to leverage digital tools more easily, promoting financial inclusion by using affordable mobile devices powered by KaiOS.
Stripe announced its expansion in Canada with a focus on the new flagship office in Toronto, aiming to accelerate the growth of Canadian businesses.
The safety of payment transactions is one of the main prerogatives industry players focus on. However, sometimes, the efforts to eliminate fraud lead to adverse effects. Overzealous fraud prevention techniques tend to drive customers away, creating too much checkout friction. Today, we’ll learn to distinguish a thin borderline between proper vigilance and overprotection in finance.
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Klarna’s flexible payment methods will be available on Adyen’s physical payment terminals across Europe, North America and Australia.
PayPal U.S. business accounts finally receive crypto capabilities similar to those individual consumers have been enjoying for years.
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
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