Santander has announced plans to close 111 branches by the end of August 2021 in response to the ongoing shift by customers towards mobile and online banking, a long-term trend that has been accelerated by the pandemic. Branch transactions fell by 33% over the two years before the pandemic and declined by a further 50% […]

Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines.  Tonik brings to the market a revolutionary and completely branchless way of banking on a highly secure mobile platform that sets out to fundamentally disrupt the Filipino retail banking industry.  Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP).  Its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).  Tonik’s unique cloud-based solution is powered by global financial technology leaders […]

Seylan Bank, the bank with a heart, recently announced the launch of ‘SeylanPay’, QR code-based payment solution as the latest addition to the digital product range of the bank.  The launch marks a key milestone in the Bank’s journey and supports Seylan’s strategic direction towards a cashless, paperless, and branchless banking model and an enriched […]

Ooredoo Qatar, Mastercard, and QNB have announced the launch of the first-of-their-kind Ooredoo Money Virtual Prepaid Card and Contactless Tap & Go Mastercard cards in Qatar. In line with the Qatar National Vision 2030, Ooredoo is committed to further driving the digitalization of the economy in the country and ensuring the rollout of the latest […]

Mastercard and Razorpay have launched a strategic partnership to drive digital payments acceptance by small businesses and startups in India. The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations, maintaining business continuity in the challenging environment, and preparing for the future beyond cash. Now more than ever, SMEs and […]

Clair, a social impact embedded fintech startup transforming how hourly employees get paid, announced a partnership with Mastercard to provide financial wellness for America’s 82 million non-exempt workers, building on the two companies’ shared mission to foster a more inclusive digital economy. Starting immediately, users who sign up for Clair will receive the Clair Debit Mastercard, which […]

Global Processing Services has been selected by Mastercard, the leader in global payments and technology, as its chosen processing partner in its Fintech Express Programme. As the Paytech Pioneer, GPS is an issuer processor positioned to support fintech, challenger banks, and e-wallet providers in navigating the complex payments ecosystem and supporting growth journeys from the same […]

Today we’ve reached a huge milestone, The State Bank of Pakistan has finally granted SadaPay approval to officially begin pilot operations.  Until now, we had been testing our app and debit card internally with friends and family under our “in-principle” approval, which was awarded to us by the State Bank of Pakistan (SBP) earlier this […]

Mashreq Bank and Mastercard have partnered to announce the launch of Tap On Phone, their new offering for Small and Medium Businesses (SMEs). The innovation, rolled out with the support of and enabled via Mastercard’s Payment Gateway Technology, is part of a wider omnichannel SME in a Box service launched earlier this year in the Middle East & […]

This next-generation mobile payment ecosystem offers an instant line of credit for a range of services and facilitates in-app and contactless lifestyle payment services.  UAE residents can register with Empay, available on Google Play Store and iOS App Store, in just two minutes.  Dubai Economic Department says the App is in line with our role […]