Visa has added a new partner in its quest to simplify, digitize and drive costs down in the global remittances space with its real-time push payments platform Visa Direct. Visa Direct has been used to process 2 billion transactions in 2019, a number it is...
The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to...
There are, as of last count, approximately 170 mobile wallets of various descriptions worldwide. Some are massive and deep-pocketed and have active user counts in the billions, while others are incredibly small, local and regional, and familiar to almost no one outside a narrow pocket...
NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, announced Thursday (Nov. 21) that it has made a strategic investment in Canadian cryptocurrency payments provider Cyclebit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a way, the earliest days of eCommerce and increasingly digital payments were about how all the new technology would transform legacy industries. Now, that question has shifted – and in many ways has become about which legacy technologies have yet to change and what...
One of the main tasks in 21st century physics is the search for the so-called “unified theory,” a single equation that explains the workings of the universe. Payments is a different game than theoretical physics, but the industry has its own push for unification —...
P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. Get the Full Story Complete the form to unlock this article and...
FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P) money transfers, according to a press release on Monday (Oct. 28). Get the Full Story Complete the form to unlock this article and...
