Expanded collaboration will offer outbound and inbound money transfer services through Cebuana Lhuillier mobile app.
COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.
New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.
The tie-up will enable Indian startups and SMBs to fold technology into their operations and accelerate digitalization while also maintaining business continuity and preparing for alternatives to cash payments.
The Fijian Parliament passed the National Payment System Act, paving the way for this reform program to boost access to affordable payment services through digital solutions and support the drive for greater financial inclusion.
Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.
Bill and Melinda Gates Are Now Backing New Digital Payments System in Pakistan to Support Financial Inclusion for Women
The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.
Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.
dLocal is growing its payment network to include three countries in Central America and the Caribbean, while SafetyPay has collaborated with Latin America’s Rappi.