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Cashfree Payments launches RiskShield to tackle merchant payment frauds

Cashfree Payments has announced the launch of ‘RiskShield’, India’s real-time risk management solution for payment gateways. It aims to reduce fraudulent activities by up to 40%. Built in-house, this solution will also help Indian businesses reduce chargebacks and disputes, empowering...

Korea & Nepal forge alliance to offer cross-border QR payments

GLN International, a global payment network provider company, has signed an MOU with Fonepay Payment Service, Nepal’s payment network, to explore opportunities to integrate its system to provide cross-border QR payments between Korea and Nepal. Under the scope of this...

Visa and Taulia / SAP Partner to Drive Global Availability of Embedded Finance

Visa, a global leader in digital payments, and Taulia, an SAP company, and a leading provider of working capital management solutions, have announced a new partnership to make embedded finance accessible to businesses worldwide. The collaboration will incorporate Visa’s...

PayPal Ventures Leads NX Technologies € 22 Million Series B Funding Round

NX Technologies, a fintech company that operates the automotive payment management platform bezahl.de announced that it has raised 22 million euros ($24,027,000) in series B funding, led by PayPal Ventures, the corporate venture arm of global payments and commerce...

MANTRA Completes $11M Round Led by Shorooq Partners to Accelerate RWA Tokenization

MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology investor in the MENA region, Shorooq Partners, led the $11M investment round. Additionally, a diverse...

EU AI Act And Its Effect On AI Adoption Endeavours of Banks

As we move ahead into 2024, while the banks go on to experiment with generative AI, they also have to be aware of how the regulators will scrutinize how they are going to use AI. A specific challenge is...

European Union Pressures Banks To Advocate Fast Payments

It is worth noting that on February 26, 2024, the European Council went ahead and adopted a new regulation, the Instant Payments Regulation. This is going to make instant payments in euros completely available to the consumers as well...

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