Fintech

Over 40% of consumers in Tier 3 to 6 cities and towns of the country are using digital payment services on a daily basis. Also, over 45% of consumers are using digital payment services once every alternate day, according to a report by Chase India. The report titled ‘The State of Digital Payments in India’ […]

Being in business means putting a lot of effort into staying in business. And staying in business is a challenge many small and medium-sized businesses (SMBs) face, exacerbated by delayed and manual payments. Payment delays can undermine SMB cash flow and have a downstream impact on SMBs’ ability to reinvest in their own operations and compete with larger peers. […]

More than 40 per cent of consumers in Tier 3 to 6 cities use digital payment on a daily basis, while 45 per cent claimed to use it once in two days, a new survey report has said. “This reflects the frequent usage of digital payments by consumers, even in Tier 3 to 6 locations […]

The movement of money translates into economic activity and African nations that are witnessing a fast growth of payments in their local currency will also experience growth of their digital economy and growth over a broader economic landscape, says Arthi Narayanan at Synthesis. The pivotal role of digital accessibility for goods and services has become […]

The Consumer Financial Protection Bureau’s interpretive rule for Buy Now, Pay Later products classifies them as “credit cards” and their providers as “card issuers” and “creditors” under the Truth in Lending Act and Regulation Z. The rule is now in effect. While the CFPB reviews submitted comments, which were due Aug. 1, and assesses whether modifications to the interpretive rule […]

A significant 61% of businesses in the Asia Pacific are actively investing or are open to investing in commercial payment solutions, a Payment State of the Union report by Discover® Global Network shows. Despite this interest in digital solutions, traditional payment methods like credit cards (61%), ACH/EFT/Wire/Direct debit (54%), and cash (47%) remain prevalent for business expenses. […]

International transfers for businesses have traditionally come with a list of requirements that can differ per country, from expensive transfer fees and a time lag of several days to the need for specific information such as IBAN and BIC. Powered by Visa Direct, Revolut Business customers now only require a card number for transactions, with […]

US Bank has acquired Arizona-based healthcare fintech Salucro Healthcare Solutions for an undisclosed sum. Founded in 2004 and headquartered in Phoenix, Salucro supplies healthcare providers across the US with a suite of online billing and payments solutions, along with advanced patient engagement tools. Salucro’s workforce will now join Elavon, a payments and processing subsidiary of […]

Banking Circle, a fully licensed next-generation bank with central bank access, is partnering with Skydo, an India-based cross-border payments platform for micro, small and medium-sized enterprises (MSMEs) and freelancers. Through the new collaboration, Banking Circle aims to support businesses in India that operate globally, empowering them with cost-effective payment solutions that make it easier for them […]

Herefordshire-based payment solution provider allpay has officially added a new local gift card to its range on its reward and recognition platform, following a successful pilot. After positive employee feedback, allpay has introduced a local gift card for Hereford as a permanent employee reward option. HR leaders at the firm say the card has been hugely popular, with staff […]