PARIS, FRANCE: Crédit Agricole and Worldline have received the green light from the European Commission to establish a joint venture aimed at revolutionizing digital payment services for merchants across France. The partnership is set to position the new entity as a formidable force in the French payment services sector. The inaugural Board meeting, which took…
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Jumbo Interactive to acquire UK’s lottery manager, StarVale
SYDNEY, AUSTRALIA: Jumbo Interactive Limited (ASX:JIN) has entered into an agreement to acquire StarVale Group, through a newly incorporated wholly-owned entity, Jumbo Interactive UK Ltd. StarVale is a leading UK External Lottery Manager (ELM) and digital payments company, and the acquisition aligns with Jumbo’s strategy to build scale in its Managed Services and Software-as-a-Service (SaaS)…
Cash on delivery drops as trust in digital payments rise: VISA
Pakistani consumers are increasingly stepping away from cash and putting their trust in digital payments in both in-store and online environments during the pandemic, according to the 2021 Stay Secure survey by Visa. Cash is unlikely to return to its previous high level of use According to the study, the use of cash in Pakistan…
PayPoint completes acquisition of RSM 2000 Ltd
LONDON: PayPoint Plc has completed the acquisition of RSM 2000 Ltd, a leading digital payments business providing innovative solutions to a significant number of clients across diverse sectors, including charities, not-for-profit organisations and SMEs in the UK. PayPoint is well-placed to take advantage of the trends that have accelerated over the past year due to…
Pakistani consumers go cashless as trust in digital payments surges amid COVID-19
KARACHI: Visa, the world leader in digital payments, released results of a survey on the impact of the COVID-19 pandemic on payment behavior of consumers in Pakistan, which are going cashless. Visa’s Stay Secure survey also looks at consumers’ general views, preferences and concerns related to digital payments and offers key insights for merchants. The…
TBC obtains banking licence in Uzbekistan
LONDON, UK: TBC Bank Group; subsidiary TBC Bank in Uzbekistan, has obtained its banking licence and is planning to launch banking operations in June 2020. TBC’s strategy is to establish a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan with a primary focus on digital and partnership-driven channels. Given the current operating…