Visa Connects Card Network to Onafriq’s Mobile Money Infrastructure
Onafriq was built to connect mobile wallets across Africa, and now its customers in the Democratic Republic of Congo (DRC) will also be able to link to Visa’s card network. The two firms are launching Visa Pay, a cloud-based payments-as-a-service platform that will allow consumers to fund digital wallets via mobile money channels. Powered by […]
Zelle’s Stablecoin Could Mark Its Entry to Cross-Border Payments
The latest entity to consider minting its own stablecoin is Early Warning Services, the consortium of seven major U.S. banks that owns Zelle. The move could open up a new suite of services for Zelle, most prominently cross-border payments. Zelle has grown by leaps and bounds since its introduction in 2017. It processed more than […]
Why Fraud in Bank Communications Has Been So Hard to Shake
For many years, banks have promised not to send their customers correspondence that looks like scams. They would never ask consumers to click on a link and provide information or ask them for one-time pass codes over the phone. But those strategies aren’t working anymore. Scammers are starting to mimic what bank professionals have been […]