The great digital shift has exposed some glaring inefficiencies in corporate back offices. Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. The...
Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland. Gareth Walsh, chief executive officer for SumUp Ireland, said small firms are the backbone of a strong economy and getting a license “during this critical time”...
COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra, executive vice president of merchant and payments intelligence solutions at ACI, told PYMNTS in a recent interview. Guerra said that’s...
Google Pay has added 89 banks compatible with its services in the last month and a half of updates, according to a report from TalkAndroid. The new additions keep up the tech giant’s trend of filling out support for financial institutions (FIs) around the country,...
India’s largest payments firm, Paytm, is partnering with SBI Card, the country’s biggest pure-play credit card issuer, to launch two variants of contactless cards on the Visa platform. Bhavesh Gupta, chief executive officer of Paytm Lending, said in a statement on Thursday (Nov. 5), that...
Innovating on the point of sale (POS) for consumers isn’t a one-shot deal. Visa North America Senior Vice President and Head of Product Brian Cole told Karen Webster that when the topic is POS innovation in late 2020, innovation spans an entire continuum from card-not-present...
Digital payments network Zelle surpassed the one-billion transaction mark over the past year, with the coronavirus crisis leading to a boost in demand, according to a press release. Zelle said it passed the billion-payments mark in the year ending this September, which also marked the...
Walmart-owned PhonePe, a digital payment provider, continues to reel in new customers in India, where it now has 250 million users. PhonePe “reached a big milestone and also broke a few records along the way” in October, according to a company blog post. The company...
It would be difficult to pick a single reason why payments modernization is currently accelerating. But Domenico Scaffidi, head of market infrastructures for FinTech software maker Volante Technologies, told PYMNTS in a recent interview that better cloud technology, proven cost efficiencies and COVID-related lifestyle changes...
