Razorpay POS Offers Instant Refunds for Failed UPI Transactions
Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.
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B2B Provider Mondu Raises $33 Million
B2B payment solution provider Mondu has announced that it has raised additional financing for 30 million euros ($33 million).
Mastercard to Ease Adoption of Biometric Authentication
Mastercard announced the launch of the Mastercard Biometric Authentication Service, a solution designed to enhance security and provide maximum convenience for consumers.
Mastercard Extends RTP Partnership With The Clearing House
The extended multi-year partnership prolongs Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling partners to integrate new instant payment use cases.
Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
Nuvei Partners With Adobe to Enhance eCommerce Payments
Canadian fintech company Nuvei has announced the launch of a new global partnership with Adobe to improve the payment transaction process in the sphere of e-commerce.
South African Fintech Ukheshe Acquires EFTCorp
Ukheshe International, a South African fintech enablement partner and EFT Corporation (EFTCorp) will continue to operate as separate entities and maintain their respective brand identities after the acquisition.
Challenges to Fintech Development in Nigeria
Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.
Aldi Introduces App-Free Payments at Checkout-Free Store
Customers at the checkout-free concept Aldi store in London can now simply tap their contactless payment card or mobile phone at a barrier to enter the store.
Mastercard Pioneers Medical Claim Payment Solution
To support healthcare providers and insurance companies in dealing with claim approvals and payouts, Mastercard is introducing a medical claim payment solution in partnership with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform.
Apple Offers Rivals Access to Mobile Payment Tech
Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.
Visa Completes Acquisition of Pismo
Visa announced the completion of the Pismo acquisition procedure.
Google to Help Globalize India’s National Payments Service
Google Pay announced the beginning of cooperation with the Indian mobile payment system, in the space of which transactions worth several billion dollars are generated monthly.
Opportunities in Mobile Banking and Consumer Segments of Nigeria
Nigeria is one of the most underestimated destinations for global investors. With its young tech-savvy population and a new wave of reforms, Nigeria presents plenty of opportunities in mobile banking, data usage and consumer goods segments.
7 Best Payment Gateways In Uganda: Features and Benefits | PaySpace Magazine
The choice of a payment gateway can significantly impact the success of a business. In Uganda, a diverse range of payment gateways caters to different business needs, each offering unique features and benefits.
National Bank of Oman Partners With PayMate
The National Bank of Oman has signed a Memorandum of Understanding with the Indian fintech company PayMate as part of efforts to achieve the goal of modernizing B2B payment processes.
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