Weekly Fintech Update:
Revelations and Trends in Payments
Welcome to another installment of Couchonomics Reels, proudly brought to you in partnership with Magnati, where we meticulously curate the most pivotal updates from the fintech and payments world.
This Week's Highlights:
In an unexpected turn, Indian merchants appeal to banks to suspend RuPay card payments on UPI, citing escalated MDR.
CoreChain and R3 synergize to bring banks a safer, embedded payment solution through the B2B Payments Network.
Al Etihad Payments pioneers with "Aani", a next-gen instant payments mechanism designed for the UAE's digital realm.
Soon, GoDaddy merchants will experience swift payments through Paze Wallet integration, eliminating the need for creating fresh accounts.
Studies showcase that a significant one third of insurance policyholders shy away from paying premiums for real-time transfers, while a surprising 21% of diners utilize installment payment schemes for meals.
Amazon Payment Services scales new heights by acquiring a retail payment services license in the UAE, simplifying payments for businesses.
Nacha reveals staggering growth in the ACH Network in Q3, hitting 212 million same-day transactions amounting to a colossal $608 billion.
Ferrari dives into the crypto space, opening its prestigious car sales in the U.S. to cryptocurrency payments.
Foodics introduces "Flex", an innovative BNPL subscription model tailored for the F&B sector in Saudi Arabia.
Dive Deeper with Couchonomics:
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Couchonomics, in collaboration with Magnati, continues to be your trusted portal for all things related to payments, serving a diverse audience from novices to industry veterans. Stay connected, stay enlightened, and witness the fintech universe expand with us!
For an all-encompassing glimpse into the dynamic realm of fintech and a deep dive into payment innovations, make sure to follow Couchonomics Reels. Crafted meticulously in partnership with Magnati, we remain your weekly gateway to the riveting world of financial technology breakthroughs.