Udo Mueller, CEO of Paysafe’s eCash division commented: Openbucks is a highly innovative alternative payment solution provider which has built deep distributor partnerships across the US. The cash alternative payment market is a thriving one and we are seeing increased demand from online merchants, who want to enable gift cards as a payments solution in…
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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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Paysafe and Monrose’s collaboration will first roll out in France and will extend the service in 11 more countries over the next few months including Austria, Belgium, Bulgaria, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Romania and Spain. Norris Koppel, Founder and CEO of Monese, commented: Since the very beginning, our vision for Monese has…
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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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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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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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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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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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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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Philip Fayer, Nuvei’s chairman and CEO commented: Our team is pleased to not only provide the technology to keep commerce flowing, but the professional insight and partnership required to help merchants reinvigorate their business operations using a completely new payment method, some for the very first time. The more we make it effortless for a…
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