Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries around the world to send funds to the more than 400 million mobile wallets in the MFS network, the companies...
The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services, which owns and operates the network, said in a Thursday (Feb. 16) press release that the number of financial institutions...
Mobile payments in Poland have made significant ground in recent years. Leading the charge is BLIK, the bank-backed payment system which has been fueling digital payments growth in the eastern European country since it launched in 2015. This month, the Warsaw-based FinTech company reported that...
Norwegian FinTech Vipps is seeking the European Union’s help in an antitrust battle against Apple. CEO Rune Garborg told Reuters in an interview published Wednesday (Feb. 15) that the payments company wants regulators to force Apple to allow unrestricted access to its tap-and-go technology so...
P97 Networks has teamed with Visa to expand its mobile payment offerings for convenience stores. “This collaboration will help reduce friction with in-car payments, enable EV charging payments across public networks, and further accelerate mobile payment innovation and acceptance,” the companies said in a news...
Streaming platforms are embracing mobile payments in the Middle East and North Africa (MENA) region. Around the world, localizing payment methods is key for streaming platforms that don’t want to exclude potential customers. For example, Netflix has sought to broaden the range of alternative payment...
IPCMobile has launched a mobile point-of-sale (POS) platform that includes hardware, software and pricing options from a single source. The new QuantumPay is designed to simplify and accelerate the deployment of mobile payment solutions, while also offering customers the option of bringing their own processors,...
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on Thursday (Jan. 12), Reuters reported, citing a source with direct knowledge of the sale. Shares...
Tulip has added Tap to Pay on iPhone to its omnichannel point-of-sale (POS) system. Enabled by the company’s partnership with global FinTech platform Adyen, this feature allows businesses to accept in-person, contactless payments — including physical debit and credit cards, Apple Pay and other digital...
