The travel and hospitality industry is experiencing a resurgence in revenue as it emerges from the impact of the COVID-19 pandemic. And to enhance the overall customer experience and streamline operations, establishments in this industry are embracing digital and instant payments. These innovative payment methods,...
African payments technology company Flutterwave has launched a digital solution aimed at addressing the challenges faced by Nigerians in accessing foreign currencies. Developed in partnership with Wema Bank and Kadavra BDC, and backed by the Central Bank of Nigeria (CBN), the new solution, Swap, is a secure and reliable platform that provides...
Hitachi Payment Services has debuted what it calls a first-of-its-kind cardless ATM in India. Announced Tuesday (Sept. 5), the company’s new offering is being rolled out in connection with the National Payments Corporation of India (NPCI), connecting to that organization’s UPI payments system and eliminating the need...
John (JP) Park, senior product manager of go to market strategy at Bank of America Merchant Services, told PYMNTS in an interview that the rise of contactless payments has been years in the making. Midway through the last decade, with the launch of mobile wallets, “that...
European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in the country by providing a seamless and localized payment solution, the company said in a Thursday (Aug. 24) press release. With...
GoFundMe says it has added Venmo as a payment method to speed fundraiser donations. “Sixty-one percent of donors are most likely to hear about causes through word of mouth from their friends and family, and Venmo’s community of nearly 90 million active customers is social by nature,” the...
Tap to pay has tapped into consumers’ desire for speed at the register and to have some control over checkout — in effect taking the checkout with them no matter where they travel. As for physical safety? Sure, it’s a holdover from the pandemic, where...
Merchants have much on their minds when they interact with Link Money, CEO Eric Shoykhet told PYMNTS. “Cost of payments acceptance — that’s the main focus,” he said. Enterprises want to drive these costs down. Interchange rates have been rising, which makes card transactions more expensive; alternative payment...
J.P. Morgan Payments has debuted a contactless payment solution for its merchant clients. The new Tap to Pay offering lets merchants accept payments using their iPhones, without the need for a physical terminal, according to a Tuesday (Aug. 22) press release. “Enhancing the ability for consumers to pay...
