After helping connect 1 billion people and 65 million small businesses to the digital economy over the past decade, Mastercard has committed to connect another 500 million people and small businesses by 2030. This effort will help provide financial resilience to more of the 2...
Consumers are no longer choosing how to pay based on habit or loyalty. They are selecting financial tools with a specific outcome in mind at the moment of purchase. That shift is most visible among younger consumers, where paying over time has become less about...
Cash App users can now spread the cost of peer-to-peer (P2P) money transfers over time. With this new feature, eligible Cash App customers can convert P2P money transfers of $25 or more made within the last 30 days into short-term installment plans, pay a transparent...
Visa has introduced a group of tools aimed at replacing outdated dispute processes. The six new dispute resolution tools, announced Wednesday (April 1) are designed to help merchants and financial institutions shrink administrative costs and cut fraud-related losses amid growing instances of disputed transactions. In...
Mastercard is reportedly looking to divest much of the real-time payments business it acquired from Denmark’s Nets Group in 2019, marking a significant strategic pivot away from certain European instant payment infrastructures and towards emerging digital asset opportunities. The potential sale, initially reported by The...
The modern consumer economy increasingly runs on autopay. From streaming services and cloud storage to artificial intelligence tools and fitness apps, subscriptions have become ubiquitous in the background of everyday financial life. And as the global total races toward a projected 12 billion subscriptions by...
Australian FinTech Vivi Money has debuted a financial platform built on infrastructure from Visa-owned Pismo. The new offering is connected to Visa’s global payments network, and includes Visa debit card and savings products, per a report Friday (March 20) from the website eCommerce News. “Supporting...
Venmo says its peer-to-peer payment tool is going global thanks to parent company PayPal. “Through new connectivity with PayPal, Venmo users can now send and receive money with hundreds of millions of PayPal users across 90 markets, marking the largest expansion of Venmo’s addressable market since the app’s launch,”...
Splitit has debuted a mobile solution designed to bring credit card-linked installments into face-to-face sales scenarios. The installment payments company says its Splitit Go solution, announced Monday (March 23), is geared toward in-person transactions such as field services, in-store purchases and consultations. “Installments have become common...