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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

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Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

Industry 471
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Standard Chartered, Amazon To Offer Installment Payments In UAE

PYMNTS

Standard Chartered and Amazon.ae , the company's United Arab Emirates website, are launching a new installment payments method for customers, according to The Fintech Times. Major companies like Visa are getting involved in the new format, sometimes called alt-credit, offering the new service due to its rampant demand.

Payments 207
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Visa, Olympic Committee Pair On Integrated Payments

PYMNTS

Visa has announced that it is partnering with the International Olympic Committee (IOC) and the International Paralympic Committee (IPC) to offer enhanced payment technology for fans of the Olympics and Paralympics. This secures Visa’s position as the exclusive payment technology provider and the only card accepted at the Olympic Games.

Payments 164
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Visa Names Vasant Prabhu Vice Chairman

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With an expanded position at Visa Inc. Chief Financial Officer Vasant Prabhu will take on the vice chairman role for the global payments technology company. Prabhu is also an executive vice president and an executive committee member, Visa said in an announcement. “I Booz, Allen & Hamilton and The McGraw-Hill Companies, Inc.

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SMBs Refocus On The ‘Four Ps’ — Especially Payments

PYMNTS

And in a fireside chat led by Sara Wardell-Smith , North America head of Visa Business Solutions at Visa, four small business owners and executives said small steps are the key to navigating the large-scale changes demanded by the pivot toward contactless interactions — and contactless payments.

Payments 167
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Brazil’s Central Bank Shuts Down WhatsApp Payments

PYMNTS

Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said. The WhatsApp payment feature was introduced by parent company Facebook earlier this year in Brazil. The Central Bank’s decision is a setback for the social media giant.

Payments 282
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Visa In Search Of A Traveler To Show Off Cashless Travel

PYMNTS

Visa , the payments company, announced Tuesday (May 15) its launch of a search for a travel enthusiast to send on an international trip to highlight the value of being cash-free. To find the traveler, Visa is partnering with social media travel personalities, Arden Cho and brothers Alex and Marko Ayling.