dLocal and iTransfer Partnership Enables Faster and Cheaper Cross-Border Payments in Emerging Markets

Posted on by kara | 4804 Views | 12 min read
Cross-border Payments

dLocal, a Uruguayan cross-border payment platform, has forged a partnership with iTransfer, a money remittance company. Their collaboration aims to address the complexities of cross-border payments in emerging markets, with a focus on mitigating currency risks and enhancing transfer efficiency. The partnership’s primary objectives include offering competitive rates, providing real-time currency updates, and increasing flexibility

Klasha Unveils Whitepaper on Future of China-Africa Cross-Border Payments

Posted on by kara | 4151 Views | 12 min read
Klasha

Klasha, a prominent global cross-border payments company, has released a comprehensive whitepaper exploring the future of payments between Africa and China. The report, titled “Unlocking opportunities: The future of cross-border payments between Africa and China,” delves into key trends, emerging opportunities, and innovative solutions shaping this dynamic sector. China’s role as a major trading partner

South African Banks to Cut Digital Payments to CMA Countries – Standard Bank

Posted on by kara | 12465 Views | 9 min read
South African Banks

South African banks, in the next month, will halt electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho, restricting clients from transferring money to these Common Monetary Area (CMA) countries. From September 4th, EFT services will be unavailable to South African customers wishing to send money electronically to these key Southern Africa Development Community

CrowdStrike Downtime Disrupts Payments Globally, Reminding Businesses of the Need for a Back-up Plan

Posted on by kara | 10857 Views | 12 min read

By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions

Temenos and Tech Mahindra Launch New Service on Temenos SaaS for EMIs to Get Faster to Market

Posted on by kara | 4899 Views | 10 min read

Temenos today announced it has signed an agreement with Tech Mahindra, a leading global provider of technology consulting and digital solutions, for Tech Mahindra to provide a core banking offering on Temenos SaaS specifically designed for Electronic Money Institutions (EMIs) in the UK and Europe. By leveraging Temenos composable banking capabilities and Tech Mahindra services,

Paycorp Expands Into Embedded Business Funding in South Africa and the UK

Posted on by kara | 16704 Views | 8 min read

Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like

GenAI in Digital Payments: How to Maximize the Benefits? – OpenWay

Posted on by kara | 6214 Views | 3 min read

Financial institutions in EMEA, APAC, and USA agree on the two common barriers to the full potential of GenAI: “too much complex infrastructure” and “data quality and access”. However, both barriers are eliminated for companies that can integrate GenAI with their data-rich, real-time payments processing platform like OpenWay’s Way4. Nexi, the pan-European acquirer serving two million merchants, is positive

Scan to Pay Takes Centre Stage in Spenda’s Fintech Suite

Posted on by kara | 22980 Views | 19 min read

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked. It’s these individuals that payment service providers like Spenda are empowering through the use of innovative payment solutions that address the financial inclusion gap. In its latest move to do so, Spenda has integrated Scan to Pay to launch Spenda Scan to

First CBDC Cards: What Technology Issuing And Acquiring Banks Use – OpenWay

Posted on by kara | 13315 Views | 3 min read

Eurasia’s first CBDC cards, recently launched in Kazakhstan, have provided 20 million consumers with a convenient, tangible way to manage their funds in CBDC (Central Bank Digital Currency). Today, plastic cards in the digital tenge currency are used for both in-store and e-commerce purchases and are accepted globally through the Mastercard and Visa networks. The

Mastercard Women SME Leaders Awards Reveals 2024 Winners

Posted on by kara | 8395 Views | 14 min read

Mastercard has announced the winners of the third edition of its Women SME Leaders Awards, celebrating the achievements of women-owned and led businesses across diverse sectors in the Eastern Europe, Middle East and Africa (EEMEA) region. Launched in 2022, the Mastercard Women SME Leaders Awards is the first initiative of its kind to recognize outstanding