FinTech news in visa category

In a series of moves last year, the Reserve Bank of India indefinitely barred Mastercard, American Express and Diners Club from issuing new debit, credit or prepaid cards to customers over noncompliance with local data storage rules (PDF). should provide a boost to the local banks and fintechs that for over a year have been able to largely offer customers debit and credit cards powered by Visa and Rupay, a homegrown card network that is promoted by the National Payments Corporation of India, a special body of RBI. The resumption of American Express’ business in India Unveiled in 2018, the local data-storage rules require payments firms to store all Indian transaction data within servers in the country.

Apple launched Apple Pay, which lets customers make payments in stores and online through iPhone, iPad, Apple Watch or Mac, in Malaysia on Tuesday. Currently, Apple Pay is supported for Malaysian customers using Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank with support for American Express cards coming later this \[…\]

Bloom’s seed round is the largest in Sudan, a country whose tech ecosystem can be termed passive and only recently welcomed foreign investment when Fawry backed fintech and e-commerce player Alsoug after 30 years of international sanctions on the country.

Skyflow, which sells data privacy tools for corporate customers, this morning announced a partnership with Plaid, a unicorn that helps pass fintech data between parties through an API. So, data privacy matters quite a lot to Plaid, and Skyflow was willing to cook up a special variation of its standard product recipe just for the fintech API company’s customers. Sharma also stressed that due to the technology that underpins Skyflow — polymorphic data encryption — users of his company data storage system can still run workflows and analysis on their information without decrypting it. I’d hazard that Plaid views data privacy in the fintech space as a key plank undergirding its future; if consumers lose faith that using fintech apps and services is secure, their interest in connecting with said products could decline.

The one-year immersion program, the Visa Creator Program, will bring together a global cohort of creators including artists, musicians, fashion designers and filmmakers the ability to build their businesses with NFTs It previously made headlines for buying a popular CryptoPunk NFT in August 2021.