Ghana approves tax on electronic payments despite opposition protest

ACCRA, March 29 (Reuters) – The Ghanaian parliament on Tuesday approved a new 1.5% tax on electronic payments, known as “electronic collection”, after the opposition left in protest. Finance Minister Ken Ofory-Ata proposed an electronic levy in November to expand the tax network and presented it as a panacea for Ghana’s financial woes. The opposition … Read more

Cloud, the one stop shop for investment management innovation

Cloud vendors are able to work with technologies, infrastructure and data centers on a massive scale and create new, sophisticated and scalable applications at optimum speeds. Awareness of this has led to increased innovation in the investment management sector and, in turn, has led some of the largest banks, asset managers and hedge funds to … Read more

Branch Recognized for B2B Payments Innovation in 2022 FinTech Breakthrough Awards Program

Prestigious international program to reward outstanding products and companies in the field of financial technology MINEAPOLIS, March 21, 2022 / PRNewswire-PRWeb / – The branch, the leading payroll platform, today announced that it has been selected as the winner of the B2B Payments Innovation Award in the 6th annual FinTech Breakthrough Awards, run by the … Read more

As India leads digital payments, consumer experience, safety & innovation are key

While India has made a massive transition to a cashless economy using cheap internet data, high smartphone penetration and a simpler registration process, the country’s robust digital payment system is at a tipping point, industry experts say. They believe that India has demonstrated its agility in accelerating the adoption of new technologies by stimulating the … Read more

PayNearMe Wins “Consumer Payments Innovation Award” in 2022 FinTech Breakthrough Awards Program | News

Growing fintech company receives third award in a row for innovation in bill payment SANTA CLARA, CA., March 17, 2022 / PRNewswire-PRWeb / – PayNearMe, a modern and reliable payment platform known for making payments easy for both businesses and consumers, has been selected as the winner of the Consumer Payments Innovation Award in the … Read more

Lloyds Banking Group and Fintech Scotland opens applications for innovation programme

Lloyds Banking Group has announced 3 new strategic innovation challenges, opening the 2nd cohort of its innovation launch program. Working in collaboration with FinTech Scotland, the group invites fintech technologists from around the world. This follows the success of the first program, which selected 12 tech companies from Scotland and Europe. This year, the group … Read more

Wells Fargo innovation head Ronn Baker joins Baton Systems as North American sales lead

Baton Systems (“Baton”), a global tech company that converts digital post-trade processing using distributed book technology (DLT), has announced the appointment of Ron Baker as Senior Sales Director in North America. Ron previously served at Wells Fargo, where most recently he was Director of Innovation and Digital Strategy, leading the introduction of DLT, cryptocurrency and … Read more

C-Stores Embrace Electronic Payments – CStore Decisions

C-stores are expanding EMV on the ground floor, and offer online ordering and saved payments. Well Erin del Conte | March 14, 2022 C-store technology is expanding rapidly, and nowhere is this manifested as in the field of electronic payments. “There are a few trends we’ve seen accelerating over the last year,” said Perry Kramer, … Read more

Stellar Development Foundation and MoneyGram Partner with Techstars to Spur Innovation on Blockchain-Based Cross-Border Payments

SDF and MoneyGram work with Techstars to drive innovation in cross-border blockchain-based payments in Latin America Tweet it The accelerator will specifically target technologies that facilitate the movement of money back and forth Latin America. Each year for the next three years the program will select a class of up to 12 feint startups to … Read more