Cards & Payments

The Central Bank of Oman (CBO) confirmed that local banks will begin rolling out a national payment card developed under its direct supervision soon. The development is an expansion of Oman Net, the country's current domestic payments system. The card,...

European Union (EU) policymakers are accelerating efforts to advance the adoption of the digital euro across eurozone, according to reports, following the recent passage of a US stablecoin law that heightened concerns about the competitiveness of European digital currency. Earlier,...

QNB achieved another major milestone as it became the first bank in the GCC to enable Digital Wallet acceptance through a single, unified integration on the Mastercard Gateway Hosted Checkout platform. The solution utilizes Mastercard Gateway's new Hosted Checkout functionality,...

Juspay, a payments technology company that serves business enterprises and banks across the world, has formed a strategic partnership with Outpayce from Amadeus, one of the world’s leading travel technology companies. Under the partnership, Juspay’s platform will be integrated...

Global debit card market was valued at $95.7 billion in 2023 and is anticipated to expand to $151.1 billion through 2032 at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032. The estimated growth further solidifies...

Mastercard is advancing supplier reconciliation processes and improving the flow of virtual card transactions with new, purpose-built solutions. Today, it has launched the global expansion of Mastercard Receivables Manager—an automated platform that helps make virtual card payments more streamlined,...

Visa Inc opened its first Visa data centre in Africa on Wednesday. Company officials said this was because the economy is growing quickly and more people are using digital payments. Speaking at the launch, Michael Berner, Visa's Head of Southern...