Remove tag merchant banking services
article thumbnail

Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

In Pakistan, and elsewhere, the stars are aligning for greater use of digital banking and payments to improve financial inclusion. A widespread embrace of mobile devices, said Wain, “made it possible for new players in that ecosystem to build and deliver services on top of the mobile telecom infrastructure.

article thumbnail

Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

Banking 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Report: Dosh CEO On Giving Online Shoppers Safety And Speed At Sign-Up

PYMNTS

Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. Consumers are still placing a premium on speed, with many looking to onboard with new banks or merchants as quickly as possible.

article thumbnail

Lost Pet Posters Get An Upgrade For The Digital Age

PYMNTS

A distraught owner might tape or staple some homemade signs around the neighborhood, knock on doors, put out some favorite treats on the porch or lawn, and perhaps even pray and check the bank account in hopes of offering a monetary reward. The goal is to create a really affordable, much better pet tag,” she said.

Retail 77
article thumbnail

Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. Stripe , for example, offers Instant Payouts, a service built for marketplaces and their 1099 workers.

article thumbnail

ToneTag CEO Sounds Off On Payments At The Speed Of Sound

PYMNTS

FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.

article thumbnail

Deep Dive: Using AI To Solve The $4.2T Fraud Problem

PYMNTS

Merchants and FIs have been turning to such solutions to help customers quickly and securely transact. The outlook for banks, businesses and consumers to remain protected could significantly improve with the systems’ prevalence. . Fraud takes many shapes and forms and comes with a hefty price tag. The High Costs Of Fraud .