Jan 3, 2025 · Crypto payments firm MoonPay has secured approval under the Markets in Crypto-Assets (MiCA) regulation. The MiCA framework, ratified by the European Parliament in April 2023, aims to establish a unified regulatory environment for digital assets across the European Economic Area (EEA), the second-largest crypto economy after North America.

Jan 10, 2025 · Reap streamlines financial operations with a suite of products including corporate cards, payout solutions, and expense management tools. Credit: Deemerwha studio/ Shutterstock. Paytech firm Reap has secured in-principle approval (IPA) for a Major Payment Institution (MPI) licence for its Singapore ...

Jan 2, 2025 · As of November 2024, PhonePe held a 47.8% share of UPI payments, while Google Pay accounted for 37%, Reuters stated based on regulatory data.. Together, these two companies processed 13.1 billion transactions in November alone.

Jan 8, 2025 · Nomupay has completed a third investment round of $37m, bolstering the firm’s ambition to open up the notoriously complex Asian market to international acquirers, merchants, Payment Service Providers (PSPs) and Independent Sales Organisations (ISOs).

Dec 13, 2024 · Mastercard recently announced that by 2030, shoppers won’t even need a physical card number or have to punch in a password or one-time code to make a transaction online, thanks to the combination of tokenization, biometric authentication and the Click to Pay digital wallet. Mastercard summarises 10 key trends that may impact how consumers pay in 2025.

Jan 7, 2025 · BRISKPE aims to address and eliminate the challenges associated with international payments. Credit: Wanan Wanan/ Shutterstock. Indian payments firm BRISKPE, backed by PayU, has launched a unified cross-border payment platform tailored for micro, small, and medium enterprises (MSMEs). This ...

Oct 30, 2024 · The rise of RTP and cross-border payments presents both opportunities and challenges for European banks. Collaboration with industry stakeholders, investment in technology, exploring new business models, and a customer-centric approach are key write John Barber and Siva Subramaniam

Dec 31, 2024 · Digital payment solutions provider iWallet has brought Voice AI technology to payments, with an aim to improve payment security. This new system is designed to process telephone orders (TO) using voice recognition, to meet the demand for secure and user-friendly payment methods.

Dec 4, 2024 · Martin Hargreaves, Chief Product Officer at Quant, sets out 2025 payments sector forecasts image credit shutterstock A low-growth environment, combined with rising competition from fintechs and regulatory reform, means the pressure is on for banks to innovate their payments infrastructure as we head into 2025.

Jan 6, 2025 · As of September 2024, BSP has granted licences to 42 EMI-NBFIs and 27 EMI-banks, reported Philstar. The licensed entities offer electronic money transfer, remittance services, and other digital financial services.