News

The COVID-19 pandemic has caused ambiguity and disruption in customer services across the world. In these unforeseen circumstances, Universal Sompo General Insurance has launched Artificial Intelligence (AI) powered virtual agents for its motor claims services. Universal Sompo's AI-powered virtual agents...

Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. The bank first launched mobile wallet in the United States and Canada in 2018, and this expansion makes it the first commercial bank...

Virgin Money has partnered with financial and accounting software provider Codat to strengthen its digital business banking offering. Codat’s financial technology offering would facilitate the easy and secure exchange of data between Virgin Money and its business bank customers. Under the...

UK-based online payments company Paysafe has acquired US-based payment technology company Openbucks, for an undisclosed amount. Openbucks is a payment gateway that enables online merchants to accept retail gift cards as an alternative form of payment to credit cards, which...

InComm Payments, a leading global payments technology company,  announced that it has acquired Todo Cartões, one of Brazil’s main closed-loop gift card processors. The acquisition will grow InComm Payments’ presence in the country by enabling the processing and distribution...

Revolut has extended its business product offering by offering a merchant acquiring platform from which businesses can accept online card payments. Revolut’s chief executive Nik Storonsky announced that merchant acquiring unit will allow businesses in 13 European countries to accept...

COVID-19 has been sympathetic to the cause of technology companies as manual processes have moved to digital at a faster pace through 2020. Some techies prefer to identify the pandemic as a watershed moment in the use of technology...