One security expert was surprised to learn multifactor authentication (MFA) is not mandatory for PayPal users after the company confirmed a data breach occurred in December.
Druo's technology creates an ecosystem that enables B2B users to charge or pay directly to any bank account without having to go through the complex network of financial intermediaries.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.
Digitalization has brought retail home, despite products being overseas. PayU sees opportunity for payments to meet consumers there too.
Prominent online payment service provider PayU is expanding into four new markets; Costa Rica, El Salvador, Guatemala, and Honduras.
Peruvian financial entities are preparing a system that will enable interconnection between several fintechs to boost direct payments.
Once small startup Pinwheel raised a $50M series B at a $500 million valuation, all in the name of helping partners turn the paycheck-to-paycheck lifestyle into an outdated past.
Pinwheel’s partnership with payroll provider Workday company One Source Virtual (OSV) ushers payroll into the same convenience levels as other areas of finance. It will also help banks achieve primacy with their customers.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.