Digital payments in Asia just got a facelift with StraitsX and Grab’s introduction of Purpose Bound Money (PBM) as digital eCommerce vouchers. In a joint press release Wednesday (Nov. 2), both companies announced that they would be testing PBM with 5,000 selected trial participants during...
As consumers increasingly turn away from cash payments, industrial conglomerate Honeywell has rolled out Honeywell Smart Pay, a contactless software payment solution. According to a Tuesday (Nov. 1) news release, the tool allows Honeywell’s “powerful mobile computers to become secure and compliant payment terminals, accepting...
J.P. Morgan Chase is rolling out a digital payment platform for landlords and tenants, tapping into a growing demand for paperless rent payments. The bank is testing Story — a platform it designed for property managers and owners that automates online rent invoicing and receipts...
India’s Cashfree Payments has debuted a new tool it says is designed to help non-banking financial companies meet the country’s new digital lending rules. According to a news release emailed to PYMNTS Thursday (Oct. 27), the company’s disbursement and collections solution can create lender escrows,...
Payments processing company Jack Henry is leveraging its recent acquisition of the Payrailz payments platform with the launch of a standalone person-to-person (P2P) payments solution. “Operating as the industry’s only financial institution-centric, open-loop, real-time P2P payments solution, Jack Henry’s offering provides a flexible, convenient way...
To a large extent the future of payments will be built on foundations laid in the past, but greatly enhanced by digital innovations that are creating entirely new use cases and experiences. That’s the view of i2c President Jim McCarthy, who in an interview with...
In the Western Union’s preliminary third-quarter 2022 results, the company said it will see “macroeconomic softness” for the rest of the year, spurred by global politics and other factors. Western Union expects third quarter revenue of $1.1 billion to decline 15% on a reported basis...
Payments and application programming interface (API) banking solutions company Cashfree Payments is launching a card issuance stack as part of its issuance tool to enable FinTechs and businesses to launch branded physical and virtual prepaid cards, wallets and wearables. Issuance can be used for payroll,...
The former head of lending for Grab Holdings, Ankur Mehrotra, is joining Indonesian fintech startup Julo, which focuses on digital lending, a Bloomberg report noted. Mehrotra was a former managing director of Grab Financial, and left the company earlier this year after six years at...
