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Sparrow Secures Full License to Provide Digital Payment Token Services

legal

Digital assets trading platform Sparrow announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide Digital Payment Token (DPT) services. Sparrow was previously issued an In-Principle Approval (IPA) from MAS in June 2022 following their MPI license application. MAS has adopted a rigorous regulatory approach and thus […]

Mastercard sees rise in digital payment methods across MENA

Category: Planning

A recent report by Mastercard has revealed a rise in the use  of digital payment methods in the Middle East and North Africa.  Mastercard’s New Payments Index 2022 found that 85 percent of MENA consumers have used at least one emerging payment method in the last year, including tappable smartphone mobile wallets, buy now, pay […]

Will digital payments be the future for all? Here’s what top experts have to say

Finance

Over the years, the Indian government, public sector and private firms have helped digital payments gain traction in the country. There has been an accelerated financial inclusion with more and more people being covered under the Indian banking system. Government initiatives such as Jan Dhan Yojana, Aadhaar and Mobile number – also called the JAM […]

BL Explainer: Should we pay for the digital transactions?

Category: Planning

The RBI’s move will help improve the payments ecosystem Why has the RBI put the charges in payment system under review? Is there merit to charging for payments? The failure rate with UPI transactions is increasing (at over 1.4 per cent) as the efficiencies of the existing systems cannot be improved in the current cost […]

Mastercard platform delivers data-driven treasury intelligence

Businesses often struggle with visibility into how and where they spend money—and with which suppliers. In a recent poll of treasury professionals, 91% of respondents noted they still used spreadsheets for forecasting1. To address this need, Mastercard today announced the launch of Global Treasury Intelligence, a cloud-based analytics platform that enables organizations to execute more effective […]

New digital payment platform in restaurants

legal

At a time when electronic payment alternatives are multiplying, deGrazie arrives in Portugal, a fast transaction platform especially aimed at restaurants. According to information provided by the company, this payment solution “does not require registration or downloads” and “boosts the efficiency of restaurants”. In practice, customers only need to read a QR code that is […]