BalanceHero, the startup behind the popular Indian digital payments app True Balance, has roughly 60 million registered users and recorded $100 million in gross merchandise volume (GMV) sales. Reporters, citing company spokesperson Yongsung Yoo, said the startup has raised $42 million in venture funding. What’s...
Instant payments have become an expected part of doing business, across the sharing economy and digital commerce, as well as for the public utility sector. According to the Making Instant Pay Global Playbook, public utility companies are innovating their payment methods to include online and...
Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and...
Contactless payments have yet to achieve critical mass in the U.S., at only about 3 percent of transactions, according to NMI. Nick Starai, chief strategy officer at the firm, tells PYMNTS explains why the stars are aligning toward a tipping point, as use cases in...
Much like the holidays, the approach of summer sparks all kinds of trips down memory lane, such as thoughts of all those outdoor music festivals people attended back in the day. They tend to recall the amazing performances, the crazy outfits and the sense of...
WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. Reuters, citing Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, reported that the...
ACI Worldwide, the global provider of real-time electronic payment and banking solutions, announced on Tuesday (May 21) that Transbank, the acquirer in Chile and an existing ACI customer, is now using ACI’s UP Retail Payments solution. In a press release, ACI Worldwide said Transbank can...
Most of us, upon spotting a $10 bill on the ground, would pick it up and pocket it, assuming we were sure we were not stealing that money. It’s pretty much a no-brainer — free money is good. But as Keeper Tax Co-Founder and CEO Paul Koullick tells...
Pain comes in many forms, including through anticipation. That holds true for the world of payments, even in this golden age of digital transactions and commerce. One of the best ways to make a landlord wince is to keep them wondering when the rent check...
