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The Paytech Magazine Issue #18
In this issue of The Paytech Magazine, the financial technology landscape is currently witnessing a […]
Mastercard and BMO Expand Global Money Transfer Service to Nearly 70 Destinations
The Mastercard BMO collaboration is expanding global transfers through Mastercard Move, enabling BMO clients in […]
Western Union, Zoona and Chipper Cash Launch International Money Transfer Services
Western Union (www.WesternUnion.com), Zoona Transactions Zambia Limited and Chipper Cash today announced the launch of international money transfer services in the Chipper Cash app. The co-branded service enables customers in Zambia to send and receive money globally, based on their convenience and needs.
EazyPay Brings Mastercard Receivables Manager to Bahrain to Streamline B2B Virtual Card Payments
Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses.
Damisa Launches Local Payment Rails and On/Off-Ramp Services Across Six GCC Markets
Damisa, the orchestration network transforming how businesses move money and data globally, has announced the official launch of local payment rails and on/off-ramp services across six Gulf Cooperation Council (GCC) markets.
Many Students Lose Money Abroad, and Forex Education Can Prevent That, Says Prodigy Finance
Every year, more students than ever are packing their bags and heading to study in another country. As per the press release by the Open Doors report, the United States welcomed a record 1.1 million international students in 2024, contributing over $50 billion to the US economy. But leaving home for studies is not just about booking a flight or choosing a course. Many students face major challenges when managing their finances across different countries and currencies.
Mollie Launches AI-Ready MCP Server to Help Merchants Simplify Workflows
Mollie, one of Europe’s fastest-growing payment service providers, today announces the launch of its own Model Context Protocol (MCP) Server – a new tool that makes it easier for merchants to integrate Mollie into their AI applications, simplifying workflows, improving efficiency, and reducing the need for technical know-how.
TerraPay Secures AUSTRAC Registration to Deepen Cross-Border Payment Infrastructure in Australia and the Pacific
TerraPay AUSTRAC registration marks a major step in expanding the global remittance firm’s presence in […]
Younger Shoppers Are Reshaping Dispute Behaviour, Raising Stakes for Merchants
With each passing year, a new wave of young, tech-savvy consumers is entering the marketplace—bringing with them evolving expectations and behaviors. According to a new study from Chargebacks911, a global leader in dispute resolution and chargeback prevention, younger consumers are fundamentally transforming how payment disputes unfold, and merchants who don’t adapt risk more than just lost revenue.
Safaricom and PayPal Collaborate to Link Mobile Money with Online Payments
Safaricom (NSE: SCOM), M-PESA and PayPal have announced a strategic collaboration to enable account linking and seamless fund transfers across their networks. This collaboration aims to empower more than 35 million M-PESA customers and two million businesses and micro traders in Kenya to access PayPal’s global network.
Adyen Research Reveals 31% of UK Travellers Use AI to Book Summer Vacations, Up 67% From 2024
The Adyen Hospitality and Travel Report highlights how artificial intelligence is transforming how travellers discover […]
Dwolla Expands Instant Payment Capabilities to Simplify Business Payments
Dwolla, a leading U.S.-based account-to-account payment solution, today announced the inclusion of the Federal Reserve’s FedNow Service instant payment system into its platform via its banking partner. By enabling access to both the FedNow Service and the RTP network and using intelligent routing to orchestrate between them, this enhancement increases the reach and efficiency of instant payments for businesses.
Equifax and Qlarifi Partner to Study Impact of Buy Now, Pay Later on Credit Risk and Fraud
Equifax® (NYSE: EFX) a global data, analytics and technology company, and Qlarifi, the first real-time consumer credit database purpose built for Buy Now, Pay Later lending, are partnering to conduct a joint study on the impact of BNPL reporting on credit risk assessments and fraud prevention.
Elavon and Woo Expand Payments Partnership to North America
Elavon, a global payments leader, and WooCommerce, the ecommerce platform powering more than four million online stores globally, are expanding their successful European payments partnership across the Atlantic to North America.
Corpay Unveils Powerful New Select Fleet Cards to Supercharge Fuel Savings and Spend Control
Corpay, a global leader in corporate payments, is revolutionizing the road ahead for fleet managers with the launch of its newest innovations: the Corpay One Select Mixed Fleet Card and the Corpay One Select Diesel Card. These next-gen fuel cards combine market-leading fuel rebates, streamlined spend controls, and smarter maintenance management — all integrated into the powerful Corpay One platform.
EPI-USE Expands Collaboration with Fiserv to Streamline Digital Payments and Financial Reconciliations
EPI-USE, a Group Elephant business and a global leader in deploying and managing cloud-based SAP systems and AWS technology, is pleased to announce an expanded collaboration with Fiserv, a leading global provider of payments and financial services technology.
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