Mastercard introduces new capabilities and benefits for Engage and Fintech Express, making it easier for fintech partners to bring new solutions to market Mastercard is enhancing the Engage program and Fintech Express platform, making it even easier for fintechs and enablers to partner with Mastercard1 to quickly build and deploy solutions globally. Engage now includes new benefits for partners and […]
Fintech
Exploring Fintech Zilch Following AWS Partner Expansion
The world’s first ad-subsidised payments network (ASPN), Zilch, selects AWS to charge its artificial intelligence (AI) and machine learning (ML) engine Zilch, the world’s first ad-subsidised payments network (ASPN), has extended its collaboration with leading cloud provider Amazon Web Services (AWS) to accelerate the rollout of artificial intelligence (AI) and machine learning (ML) innovations across […]
Digital payments are becoming increasingly popular on King’s Day
Digital payments are becoming increasingly popular on King’s Day, especially when buying a beer or paying to use a toilet. Last year, 30 percent more Tikkie transactions were made on the national holiday, compared to 2022. The number of Tikkie payments on King’s Day last year was six times higher than on a normal day. […]
Visa Beats Earnings Estimates Despite Interest Rate Environment
This earnings season has been closely scrutinized due to concerns about a slower-than-expected economic recovery. Despite interest rates surpassing 7%, consumers seem inclined to continue traveling and making big-ticket item purchases. That was the key takeaway from Visa’s Q2 earnings report. The company posted a net revenue of $8.8 billion, marking a 10% year-over-year increase. This revenue […]
Real-Time Money Movement: Dispelling the Myths and Embracing the Opportunities
Real-time money movement (RTMM) is gaining traction worldwide. Although real-time payments only account for only a 1.2% share of the total payments volume in the US in 2022, transactions are expected to grow 364% by 20261. As more businesses and consumers expect faster, more efficient payments, this trend will only grow, with McKinsey predicting that […]
Premiumization and Hyper-Personalization: Transforming Consumer Expectations
In the dynamic landscape of consumer engagement, the expectations placed upon companies are in a state of perpetual flux. Two discernible trends that have crystalized in recent years are consumers’ increasing desire for offerings that align with their beliefs and way of life, as well as their fervent demand for hyper-personalization, shifting decisively away from […]
Walmart Puts Its Own Stamp on BNPL
Walmart has introduced buy now, pay later loans through One, its majority-owned fintech startup. The move puts Walmart in competition with a similar offering from Affirm. Last year, Walmart announced its plan to offer BNPL services for self-checkout customers through Affirm at 4,500 of its U.S. stores. Since 2019, Affirm has been the exclusive provider of installment loans […]
X Payments Platform Aspires to More Than P2P
Since Elon Musk announced X’s intention to become a payments platform, the company has made significant strides. The social media platform secured licenses to transmit money in 25 states and has licenses pending approval in several others. Initial expectations for the platform are that X users will be able to tip each other and send […]
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts One in direct competition with Affirm, the BNPL leader and exclusive provider of installment loans for Walmart customers since 2019. It’s a relationship that the Bentonville, Arkansas, retailer expanded […]
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts One in direct competition with Affirm, the BNPL leader and exclusive provider of installment loans for Walmart customers since 2019. It’s a relationship that the Bentonville, Arkansas, retailer expanded recently, […]