Visa, Mastercard to Hike Merchant Fees with Emphasis on Online Transactions
Aug 31, 2023 01:02 am UTC| Economy Fintech Business
Visa and Mastercard plan to hike merchant fees, especially for online transactions, starting October and April, The Wall Street Journal reveals. These changes may cost merchants millions more annually, intensifying...
Western Union Ventures into Cryptocurrency with Ripple's Blockchain Technology
Aug 28, 2023 02:36 am UTC| Economy Fintech Business Digital Currency
Western Union, the global money transfer leader, is delving into cryptocurrencies by collaborating with Ripple to integrate its XRP technology, aiming for swifter, cost-efficient transactions. During an analyst...
K Bank Sees 41.4% Q2 Profit Surge Amid 31% YoY Net Income Drop
Aug 15, 2023 09:40 am UTC| Economy Fintech Business
K Banks Q2 net profit soared 41.4% quarter-over-quarter to $11 million, marking its ninth consecutive profitable quarter, but witnessed a 31% year-on-year decline. Expanded operations and a diversified loan portfolio drove...
Naver Pay's Strategic Leap into China: Partners with Alipay Plus, UnionPay
Aug 01, 2023 08:04 am UTC| Economy Fintech Business
In a significant financial development, South Koreas Naver Financial announced plans to expand its simple payment service, Naver Pay, into China by year-end. This move, the first for a domestic payment service to partner...
Samsung Electronics, Naver collaborate on simple payment service
Feb 21, 2023 04:03 am UTC| Economy Business Technology Fintech
Samsung Electronics Co. is collaborating with Naver Financial to create a simple payment service that lets Samsung Pay users pay Navers 550,000 online merchants. The two firms have signed a business agreement to begin...
PayPal announces support for passkeys on Apple devices, launching first for US customers
Oct 25, 2022 07:53 am UTC| Technology Business Fintech
Apple and other tech companies are pushing for passkeys to replace traditional passwords for enhanced security, and PayPal confirmed on Monday it is embracing the technology as well. The fintech giant announced it would...
How fintech can help Indonesia's small and medium enterprises survive the COVID-19 pandemic
Nov 08, 2020 11:07 am UTC| Technology Fintech
In Indonesia Southeast Asias largest economy small and medium enterprises (SMEs) contribute to around 60% percent of the nations economy and absorb 97% of its domestic workforce. However, while there are more than 60...
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