Thunes has teamed up with China’s Tencent Financial Technology, allowing members of the Thunes network to send payments to the 1.3 billion users on Tencent’s Weixin service. The collaboration makes Thunes the first payment infrastructure network to connect with the Chinese company, according to a...
Through the past few years, companies have proven a level of resilience that scarcely seemed imaginable when the pandemic shook the globe. Businesses had to examine internal processes urgently to ensure continuity as we all sheltered in place. Robert Johnson, senior vice president of payments...
As the need for faster, cheaper and efficient payouts increase, there is a huge demand from corporations needing to transfer value to end users and enable use cases ranging from loyalty, employee rewards, rebates, remittances and refunds. But according to Aron Alexander, CEO and founder...
Digital wallet Tigo Money has partnered with Visa on a regional agreement that aims to expand access to digital financial services across Latin America. The agreement creates a new payment solution — the Tigo Money Visa Card — that is linked to the consumer’s Tigo...
From funding development projects to enabling trade, banks not only play a central role in fostering economic growth across the African region. Financial institutions (FIs) are also at the forefront of efforts to digitize African payments, Richard Southey, chief digital and experience officer at pan-African...
Demand for digitization in the payments and finance areas has reached critical velocity as a new sampling of CFOs shows near unanimous support for additional spending on this technology to meet coming challenges. According to the study “Digitization Strategies: How CFOs Are Prioritizing Digital Payments...
Contactless payment for purchases at the point of sale (POS) have been gaining traction, in the aisles and at payment terminals. But the use of digital wallets across a variety of use cases gaining ground too. In “The Digital Wallet Mandate: Secure Bill Pay Beyond...
Forty-eight percent of CFOs say their investments in fraud and risk management systems were primarily designed to help maintain business operations amid the global economic upheaval caused by the pandemic. Now CFOs are determining which investments in digital technologies they need to continue making to...
During the 10 days leading up to China’s Singles Day shopping event, there was a 40% increase in the number of online transactions via the Alipay+ payment platform compared to the same period last year. In terms of transaction volume increase, parent company Ant Group...