Indian handset manufacturer Micromax entered a partnership with TranServ today. With this partnership, Micromax will be able to integrate payments with its service platform, which will allow its users to use mobile wallets in a simplified manner. This will be India’s first smartphone-based native payments solution whereby Micromax users will...
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[Update 03:00 pm EST] CEO of Stratos, Thiago Olson, has reached out to the LTP team and provided the following statement. "I would like to address rumors that Stratos has recently shut down. Due to challenges with ongoing company financing, Stratos has paused and is undergoing restructuring. We are happy to announce...
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Move is part of DSG's steps to ensure Dubai is the world's smartest city DUBAI, UAE [Press Release]: As part of its steps to implement the initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to ensure...
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Many of my colleagues in the industry are sharing their perspectives for 2015 and their crystal predictions for 2016. LTP co-founder Amit Goel has recently published his comprehensive review and the LTP 2016 Prediction Podcast continues in its second and third act for the season. Many others will add their...
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Having extensive experience studying FinTech industry and expertise in various sectors, the LTP team has been actively following some of the top innovators to be up-to-date with the latest solutions and outstanding products existing in the market. New FinTech startups are being discovered every day and competition for the top...
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Companies working by themselves for a common cause are not good for the ecosystem. It is good that we have seen multiple alliances in the recent past. If companies work solo, it can be hard to succeed, but if alliances work solo, it might be even harder. The industry is...
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Concerns surrounding risk and liquidity management have driven the demand for financial supply chain management solutions. Supply chain finance aims to improve the financial efficiency of the supply chain and substantially reduce the working capital of both buyers and suppliers. It allows buyers to extend payment terms while providing suppliers...
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Russia issued its first electronic payment cards on December 15, 2015, aiming to compete with international payment systems such as Visa and MasterCard. The Russian national payment card system—branded Mir, which means "peace" or "world" in Russian—gained momentum after Russia's parliament passed a law to create a national payment card...
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Every other month, yet another industry giant announces or gets into rumors of launching its own payment solution. This time, Target, a force behind MCX, is reported to be in the early stages of developing its own mobile wallet, as shared by Reuters. Wallet from Target increases the pressure...
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MasterCard and FreshDirect announced that the online fresh food grocer will now accept MasterPass, MasterCard’s digital payments platform, to enhance the online and in-app payment process. MasterPass by MasterCard is a simple, convenient, trusted digital platform for faster, safe shopping at thousands of online merchants. It enables consumers to pay for...
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US Federal Reserve announced its first interest-rate hike cycle in nearly a decade. LOS ANGELES {Press Release} In meetings on Tuesday and Wednesday of this week, members of the Federal Open Market Committee (FOMC) voted to raise the federal funds rate, the interest rate at which major private banks can exchange...
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A newly released white paper highlights the growing trend of payments platforms, validating the strategic approach of payment tech provider Zooz. “Historically, enterprises never had much control over payments or merchant acquiring. They were typically connected to and serviced by a single processor,” states Andrei Charniauski, Head of Europe for IDC...
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