Nigeria wants its citizens to get in on the digital shift. Specifically, the digital remittance shift. Digital payments have seen an uptick in the country amid the global pandemic this past year, and the central bank hopes to encourage its continued use with the “CBN...
Approximately one year after ending the freestanding app, J.P. Morgan Chase is closing down its Chase Pay digital wallet, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Nothing in life is all positive. Chocolate? Comes with calories. Love? It’s fickle. Even newborn babies will fill you with gratitude, but will drain you of sleep. So it is with central bank digital currencies (CBDCs), which, depending on how you look at them, have outsized rewards,...
The U.K.’s Financial Conduct Authority (FCA) is increasing the limits on contactless payments to 100 pounds for single transactions and 300 pounds for multiple transactions, according to a Wednesday (March 3) press release. Get the Full Story Complete the form to unlock this article and enjoy...
SoftBank is out to double the users of its PayPay QR code payments app in the next three to four years, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Digital payments infrastructure firm Xendit notched $64.6 million in a Series B funding round led by Accel, bringing the total raised to $88 million since the startup’s 2015 founding in Jakarta, Indonesia. Get the Full Story Complete the form to unlock this article and enjoy...
PNC Bank has joined The Clearing House’s CHIPS network to enable it to “clear and settle high-value and cross-border payments,” per a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
For nonprofits of all types, the last year has been about making the same digital dive that everyone else has. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
India-based Paytm said it reached 1.2 billion monthly transactions in February as eCommerce continued its boom in that country. India’s Economic Times reported that Paytm is also joining up with Ola and private lender IndusInd Bank to seek a new umbrella entity (NUE) license from the...
