Category: Payments

Visa and Mastercard support the use of cryptocurrencies in the financial services industry
July 27, 2020 BY Steffy Bogdanova

Visa and Mastercard support the use of cryptocurrencies in the financial services industry

Mastercard has also supported blockchain technology and cryptocurrency through its new programme aiming to increase its partner base for crypto payment cards. Visa and Mastercard were both initially partners of the cryptocurrency project of Facebook, Libra. They both pulled away from it but have not stopped supporting the use cryptocurrencies. In the end of May,…

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July 14, 2020 BY Steffy Bogdanova

Project Ubin shows commercial potential with the completion of its final phase

Chia Song Hwee, Deputy Chief Executive Officer, Temasek, said: Blockchain technology has great potential in transforming businesses and opening up new business opportunities. Phase 5 of Project Ubin has demonstrated the commercial applicability, viability and benefits of blockchain technology across industries, beyond capital markets and trade finance. This validates Temasek’s efforts in exploring and building…

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Sberbank launches new system for payment services SberPay
July 10, 2020 BY Steffy Bogdanova

Sberbank launches new system for payment services SberPay

Herman Gref, CEO, Chairman of the Executive Board, Sberbank commented: Everyday tasks and interests of each customer are the top priorities all our actions revolve around. Therefore, any of our services should be simple, so that you don’t have to figure out how things work checking complicated manuals. They should also be convenient, give you…

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Paysafecash enables online cash purchases in Bulgaria
July 06, 2020 BY Steffy Bogdanova

Paysafecash enables online cash purchases in Bulgaria

Paysafecard, Paysafe’s prepaid cash solution, has been available to Bulgarians since 2013 and the company will use its existing paysafecard distribution partnership with EasyPay, who licensed network of more than 300 payment points. Udo Müller, CEO of paysafecard – the team behind Paysafecash, said: Leveraging our long-standing partnerships with EasyPay in Bulgaria enables us to…

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BGC Partners’s subsidiary GFI with joint venture company in China
June 15, 2020 BY Steffy Bogdanova

American Express receives China network clearing license

American Express’ joint venture with Chinese fintech services company Lianlian DigiTech Co., Ltd, has already set up a network to clear domestic transactions charged on American Express cards. It is also compatible with the essential mobile wallet players in China. Stephen J. Squeri, CEO of American Express said: We are pleased to be the first…

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April payments numbers collapse
June 15, 2020 BY Steffy Bogdanova

April payments numbers collapse

The New Zealand numbers for April are even worse with 52% decline in payments, affecting every Australian company doing business in New Zealand. Reviewing Australian fintech institution Tyro’s weekly statement to the ASX, the volumes have been steady since early April. However, many market participants report  that eCommerce payments have surged to unprecedented levels which…

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Skrill introduces free international money transfer service in US
June 08, 2020 BY Steffy Bogdanova

Paysafe launches free Skrill Money Transfer service in US

Alternative online payment methods have been gaining popularity amidst the Covid-19 situation. According to a Paysafe April 2020 research, after credit and debit cards, digital wallets like Skrill are US consumers’ preferred online payment method, with 36% having used one in the last month. Skrill will continue to expand its US digital wallet if there…

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