Industry News

  • How Walgreens and Walmart’s New Banking Ventures Will Shake up Finance
    by Nicole Pinto on July 30, 2021 at 8:34 pm

    “Retail banking has changed dramatically over the past several years, with the rise of digital banking and tech-forward neobanks like Dave and Chime, which pushed incumbent financial institutions to develop their own mobile-first offerings. Now this competitive market is being disrupted again by two of the country’s biggest retailers, Walmart and Walgreens. Both companies recently The post How Walgreens and Walmart’s New Banking Ventures Will Shake up Finance appeared first on Payments News.

  • Vodafone Group Registers a 45% Transaction Volume Increase in Q1 After M-PESA Expansion Across Africa – HapaKenya
    by Nicole Pinto on July 30, 2021 at 8:34 pm

    “Mobile operator Vodafone Group in a trading update for its Q1 fiscal report has registered a strong growth in Africa. Driven by its financial platform M-PESA, transaction volumes increased by 45% compared to a similar period last year. This translates to about 4.5 billion transactions in Q1 operations.” The post Vodafone Group Registers a 45% Transaction Volume Increase in Q1 After M-PESA Expansion Across Africa – HapaKenya appeared first on Payments News.

  • The Payments Landscape in the UK After Brexit
    by Nicole Pinto on July 30, 2021 at 5:43 pm

    “The UK payments industry highly values the work of the European Payments Council and its members ensured the UK retained its membership of the Single Euro Payments Area, which minimised payment disruption for millions of people and companies across Europe following Brexit. After decades of close collaboration and innovation between the UK and the    The post The Payments Landscape in the UK After Brexit appeared first on Payments News.

  • Stripe Must Face Consumer Privacy Claims Over Data on Purchases
    by Nicole Pinto on July 30, 2021 at 5:41 pm

    “Stripe Inc. must face claims from consumers that the payment processing platform invaded their privacy under California law by collecting data on purchases and sharing it with merchants and customers. The potential consumer class action can proceed with certain privacy claims brought under the state’s constitution, common law, and unfair competition law, according to a The post Stripe Must Face Consumer Privacy Claims Over Data on Purchases appeared first on Payments News.

  • IMF Sees “Critical Role” As World Transitions to Digital Money
    by Nicole Pinto on July 30, 2021 at 5:39 pm

    “The International Monetary Fund must ramp up its resources as it seeks to “monitor, advise on, and help manage this far-reaching and complex transition” to digital money, according to an IMF paper published on Thursday. Digital money can make payments more accessible, faster and cheaper, the paper said. But to make that happen, policymakers must The post IMF Sees “Critical Role” As World Transitions to Digital Money appeared first on Payments News.

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