Fintech

As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt buy now, pay later (BNPL) options than their financially stable counterparts. By the Numbers The PYMNTS Intelligence report “Redefining Retail: Consumer Finance Trends Driving the Evolution of Pay Later Plans” drew from […]

The MPI license allows HashKey OTC to provide a broad array of regulated trading services for digital payment tokens. HashKey OTC, the over-the-counter trading branch of HashKey Group, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Announced on August 2, 2024, this license allows HashKey OTC to broaden […]

Convenience is one of the biggest things consumers look for and when they seek out advice, they want it at their fingertips. EarnUp Inc., a financial wellness fintech, has released its new AI Advisor to give customers around-the-clock help. From expert advice to its execution, AI Advisor provides firms with a new customer engagement tool, […]

Business growth can suffer as a result of poor payment timings. Looking to ensure British and European SMEs that import from international markets do not face this issue, WorldFirst, the one-stop digital payment and financial services platform has launched a new service for World Account multicurrency business account holders. This new service from WorldFirst will increase […]

Aro, the UK-based embedded finance partner for brands, has partnered with personal finance app, TotallyMoney, to bring personalised credit matching capabilities to secured loan customers. Thanks to the new partnership with Aro, TotallyMoney can offer customers a greater choice of loan products, with some offering more flexible terms, lower interest rates or values that align […]

MUMBAI (Reuters) – India’s central bank on Wednesday proposed to allow a wider set of alternatives, including fingerprints and passwords, as additional factors of authentication for all digital transactions. An additional factor of authentication requires two or more ways of verifying the identity of the user, typically used to reduce fraud and cyber crime. Currently, […]

The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […]

Buy now, pay later services have rapidly grown in popularity, with 9% of consumers using them as of fall 2023. Some consumers may use credit cards to pay for popular BNPL plans such as Klarna, Afterpay and Affirm. However, Chase recently announced on cardholder statements that effective Oct. 10, 2024, Chase will no longer allow […]

The future of payments and commerce gets closer every day. So close, in fact, that they are becoming intertwined — and embedded. In an era where technology integrates with daily life, the concept of embedded finance is reshaping payments and financial services while transforming both consumer and business interactions with payments. “Embedding [payments and financial products] across the […]

One of the most important roles of governments is to provide benefits payments for their most vulnerable citizens. A recent Global Government Forum webinar with knowledge partner Visa looked at how technology can make payments systems more inclusive and accessible. The expert panellists noted that while digitalisation offers many benefits for both governments and recipients, it must […]