Digital Payments stories

Payment technology firm DataMesh Group allies with Visa to revolutionise card-acceptance payment processing, ditching the one-size-fits-all approach for a customisable alternative.

Visa's digital economy and anti-fraud efforts in Asia Pacific are making strides. Over USD $2bn in transactions were processed through its Token Service, and merchants reported a 58% decrease in fraud.

Nvidia Technologies advances quantum computing with breakthroughs in science, finance, and educational realms, reshaping research strategies and propelling quantum era applications.

SAP Concur and Mastercard join forces to simplify expense processes, integrating transactions on corporate cards into Concur Expense to enhance user experience and compliance adherence.

With €85m in new funding, PPRO seeks to capitalise on growth opportunities in key markets and broaden its local payment services. It is backed by leading investors, including PayPal Ventures and J.P. Morgan.

Amadeus's study predicts a 14% surge in travel tech investment in 2024, with machine learning considered crucial and 98% of airlines eyeing biometric solutions for airport services.

Financial crime compliance costs in Australia have soared beyond AUD $5 billion, with 98% of institutions reporting a rise, driven largely by increasing technology and labour costs.

TerraPay partners with Qatar's Alfardan Exchange with a strategic aim to create advanced digital cross-border remittance solutions, enhancing global financial inclusivity.

The pandemic-associated rejection of cash is seen as accelerating the switch to a cashless economy, despite some resistance and concern over security.

UnaFinancials predicts a twofold increase in Southeast Asia's fintech firms by 2027, driven by a robust super-platform economy, supportive regulations and favourable economic conditions.

Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.

Impending alterations to online privacy practices could inflate Australian e-commerce prices by up to 25 per cent.

Munich's Giesecke+Devrient boosts stake in software corporation Netcetera to 95%, enhancing its financial platforms and reinforcing future growth in digital banking and payments.

Southeast Asia's digital economy contributed 45% to the region's GDP in 2022, as per UnaFinancial, with digital payments playing a crucial role.

Melbourne's fashion and experience retailers stand to benefit from a predicted 12.6% rise in sales during the 2024 grand slam.

Kaspersky's cyber threat forecast for 2024 asserts escalating digitalisation and political tensions in the APAC region.

E& enterprise partners with Fintech startup, Fils, to pioneer a sustainable digital payments system in the UAE, allowing customers to offset carbon emissions with each transaction.

Jscrambler, a client-side protection platform, achieves PCI DSS v4.0 compliance, showcasing their commitment to secure transactions.

Lanistar Chief Executive Officer, Jeremy Baber, spotlights AI, Gen Z adoption, and sustainability as 2024's major fintech trends.

Monavate collaborates with startup Kasssh to allow UK online retailers to accept cash payments from customers.

Griffin Bank strengthens its executive team, appointing seven new senior executives to drive its global embedded finance ambitions.

Waave and Gr4vy partner to introduce the 'Pay by Bank' solution for retail outlets in Australia, providing a safe and secure payment alternative.

dLocal partners with fintech firm Jeeves to enhance secure client payments in Africa, Asia, and Latin America.

Automated B2B payment specialist, ezyCollect, has introduced a Direct Debit Authorisation feature to streamline client onboarding and ensure timely payments.