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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iSignthis added in its letter criticism of ASX and its quiry seeking sensitive details about its partnership with Visa. iSignthis stated: The company has advised ASX that it is inappropriate for it to be requesting and releasing information regarding current negotiations and submissions, as it may compromise our ability to reach outcomes of best effect…
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Daniel Kaufman, deputy director of the FTC’s Bureau of Consumer Protection commented: First Data is paying $40 million because it repeatedly looked the other way while its payment processing services were being used to commit fraud. When companies fail to screen out fraudsters exploiting the payment processing system to steal people’s money, they’re breaking the…
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Shanahan commented: Revolut has grown rapidly in Singapore and we continue to enjoy very positive momentum despite the short term social and economic restrictions. The Challenger bank has also assigned the roles of Chief Risk Officer and Head of legal in Singapore to the company’s Chief Compliance Officer since September 2019, Rayson Tan. He has…
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Gilberto Caldart, President for International, Mastercard said: Mark brings with him a wealth of knowledge and experience, he has a proven track record in building new and meaningful partnerships, while creating a culture which fosters new thinking and new ways to deliver. Mark has maintained a laser focus on growing our business and driving and…
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SPA’s proposals would make real time transfers available to consumers in-store using an Instant Payment Card or smartphone app – in the same way as using the contact or contactless functionality on conventional chip and PIN debit or credit cards today. The proposals by SPA offer an approach, compliant with existing EMV standards and that…
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Retail eCommerce sales in France maintain rise into the double digits, and are expected to reach close to 80 billion euros by 20231, with fashion and apparel being a leading market segment. The French gaming industry has also registered significant growth, led primarily by sports betting, as total revenue in Q3 2019 rose 27.7% year-on-year…
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Bundle also supports a range of deposit methods such as credit cards, bank transfers and mobile money, a widely used cash storing method in Africa. Founder, Yele Bademosi said: We built Bundle with the digitally native African user in mind. They are social, online, and connected across geographical boundaries. They prefer their financial services delivered…
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