The advancement of payment technology has ushered in an era where transactions occur without the spender ever consciously engaging in a payment process. This era is characterized by the adoption of invisible payment systems that utilize innovative technologies to streamline how financial exchanges
In an era characterized by rapid technological advancement and digital innovation, traditional banking institutions face the pressing challenge of evolving to meet modern demands. One historic global bank recently embarked on a significant journey, aiming to modernize its services by entering the
In an era where digital banking is pivotal to everyday financial transactions, HDFC Bank and Axis Bank have announced a temporary suspension of their digital services due to scheduled maintenance. This significant move is aimed at enhancing the performance, reliability, and security of their
The repercussions of data security lapses become apparent as the widely used mobile payment platform Cash App, owned by Block Inc., navigates a significant class action settlement. A $15 million legal settlement has been finalized after the exposure of sensitive user data between 2018 and 2024
February 2025 has become a remarkable period in the fast-paced world of financial technology, marking significant shifts that are redefining FinTech’s landscape. With the rise of embedded finance, decentralized finance (DeFi), and the increasing sophistication of artificial intelligence, this month
The transformation towards a digital payment landscape is gaining momentum globally, but Nigeria stands out as a notable leader in this shift. Over the years, it has markedly reduced its cash usage, projecting a continued decline towards a cashless economy in the foreseeable future. The transition
