China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on Thursday (Jan. 12), Reuters reported, citing a source with direct knowledge of the sale. Shares...
Tulip has added Tap to Pay on iPhone to its omnichannel point-of-sale (POS) system. Enabled by the company’s partnership with global FinTech platform Adyen, this feature allows businesses to accept in-person, contactless payments — including physical debit and credit cards, Apple Pay and other digital...
The State Bank of Vietnam is working to expand the use of cashless payments in rural areas. Thus far, mobile money, one of the financial solutions in Vietnam’s cashless payment system, has expanded to 72,000 point-of-sale (POS) locations across the country, with more than half...
Since its launch in 2016, Bizum has become an integral part of Spain’s payment ecosystem. But although the mobile payment system boasts over 22 million users, about 47% of Spain’s total population, initial adoption has been largely limited to eCommerce transactions, with cash payments still...
With Americans preparing to enter a holiday shopping season they might not be able to afford, Venmo has debuted a pair of tools it says are designed to help consumers spend smarter. Beginning Tuesday (Nov. 22), customers can find and donate to the charity of...
Once upon a time, we used our mobile phones solely to make calls. And now those super-powered devices are the launching pads to getting everything done. Once upon a time, we got in the car and drove to the supermarket, grabbed a cart with squeaky...
Buy now, pay later (BNPL) firm Sezzle has launched a partnership with Sensepass, maker of “The Wallet of Wallets,” to tap into continued consumer interest in contactless payments. Through the partnership, shoppers can make payments via the Sensepass hub, which accepts card payments, platforms like Venmo...
Between growing smartphone penetration, the proliferation of new FinTech solutions and a growing shift from cash to digital payments, the Gulf Cooperation Council (GCC) region has experienced a significant increase in digital payment volumes over the past two years. Data published last week by the...
Even before the pandemic heightened local demand, contactless card use had been growing in the United Kingdom as far back as 2007 when the “OnePulse” card was launched, limiting payments to £10 (about $10). But since October 2021, when the spending limit for contactless cards...