June 18, 2023
Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years. ...
June 15, 2023
Report: Zepz Seeks M&A Targets After 26% Layoffs
Money transfer FinTech Zepz is reportedly looking to add to its business portfolio. The company, which owns remittances firms WorldRemit and Sendwave, is looking for merger and acquisition targets in...
June 12, 2023
‘Acquiring in a Box’ in Mexico Helps Merchants Dethrone ‘King...
In Latin America, cash remains king. That’s true for many markets in the region, and Mexico stands out as a prime example. Roughly 85% of transactions are done in cash,...
June 08, 2023
BNY Mellon and MoCaFi Partner on Payments to Unbanked People
BNY Mellon and MoCaFi have partnered to ease payments to unbanked and underbanked people. With this collaboration, banking giant BNY Mellon’s Treasury Services business will provide a digital disbursement payment service through...
June 06, 2023
Flutterwave Taps Token.io to Add Pay-by-Bank Capabilities
African FinTech Flutterwave has begun offering pay-by-bank transfers through a partnership with Token.io. “Our partnership with Token.io will make it even faster and easier for individuals and businesses to pay...
June 01, 2023
Peru and Pakistan Expect Massive Real-Time Payments Growth by 2027
Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration of digital payment methods, among...
May 30, 2023
ECB Says Payments Landscape Has Room for Digital Euro
The European Central Bank (ECB) has done recent tests that show the potential of a digital euro. The bank released results of a “prototyping exercise” — conducted between July 2022 and February...
May 25, 2023
Digital Wallets and Networks Shake Up the $630 Billion Global...
The global remittance market — where hundreds of billions of dollars flow across borders annually — is being reshaped by digital disruption. Late last year, the World Bank estimated that...
May 18, 2023
Ripple Debuts Platform to Mint CBDCs and Stablecoins
Ripple has launched a platform to capitalize on worldwide interest in central bank digital currencies. The Ripple CBD Platform is a “frictionless end-to-end” solution to help banks, governments and financial...
Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s “Telecommunications Payments Tracker®,” a collaboration with i2c, four telecom providers tell PYMNTS how the industry is ideally positioned to provide financial access to unbanked households.