“Rite Aid Corp. is launching a new financial service for customers at its stores. The drugstore retailer is enabling consumers with access to the Kubra EZ-Pay Retail Cash Payments Network through their biller to pay their bills in cash at over 2,000 of its brick-and-mortar locations. Rite Aid is the 19th retailer to join Kubra’s Retail Cash Payments (RCP) Network, adding 2,257 new retail locations in 17 states across the country. Kubra offers its RCP Network in partnership with payments technology company InComm Payments…Walgreens, one of Rite Aid’s chief rivals in the drugstore space, pa ..read more

Reap, the global fintech company powering expense management through the industry’s first Reap Visa Corporate Card (Reap Card) platform, launches industry-leading innovation by including cryptocurrency repayment functionality for the Web3 industry. Together with the Reap Card, Reap offers expense management software that will enable Web3 companies to settle their fiat payments with cryptocurrencies. The post Reap Leverages Fireblocks to Enable Crypto Repayments with Reap Card appeared first on Payments News ..read more

“TransLink customers can now pay for transit using Interac® Debit on every bus and at every fare gate throughout Metro Vancouver. This makes TransLink the first transit agency in Canada to fully integrate contactless Interac Debit payments systemwide. As part of TransLink’s Customer Experience Action Plan – TransLink, Interac, Moneris, and Cubic Transportation Systems upgraded more than 5,000 Compass Readers throughout TransLink’s system to make transit payments more convenient. The upgrade allows customers to board transit by using Interac Debit with ph ..read more

“Sending money back home or making merchant payments has now become hassle-free for a whole lot of Indians living abroad. India’s National Payments Corporation of India (NPCI) has extended access to the Unified Payments Interface (UPI) to non-resident Indians, a press release said yesterday (Jan. 10). The homegrown digital payments facility will be available to accounts using international mobile phone numbers from 10 select countries.” The post Indians Living in Ten Countries Can Now Make Payments Through UPI appeared first on Payments News ..read more

“In a nationwide first, National Bank of Fujairah (NBF) has today announced the introduction of CVVkey, a proven solution to online card fraud that can be used across all credit and debit cards issued by the bank. CVVkey will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its customers from fraud and other online threats… Every few hours, the CVVkey app provides a unique 3-digit dynamic security code for each card enrolled in the service. Whenever the three-digit security code on the back of the card is requested (for example, during check out for ..read more

“Alipay+, a provider of global cross-border digital payment and marketing solutions, is striving to provide cash-free and mobile-friendly travel experiences for Asian tourists in the Chinese mainland, as it seeks to partner with more merchants and enable greater QR code connectivity. Starting from January 8, AlipayHK users can pay for metro rides in Shenzhen using their local app to enhance a seamless travel experience for Hong Kong visitors in the mainland. The service is enabled through joint efforts between Alipay+ and the city’s subway operator, following a similar payment system integrati ..read more

“Tulip is pleased to announce that their omnichannel and enterprise-grade Point of Sale now supports Tap to Pay on iPhone*. The addition of Tap to Pay on iPhone was made possible due to the company’s partnership with Adyen, the global financial technology platform of choice for leading businesses. With Tap to Pay on iPhone and Tulip, you can accept all types of in-person, contactless payments, right on your iPhone — from physical debit and credit cards, to Apple Pay and other digital wallets — no extra terminals, readers, or hardware needed. It’s easy, secure, and priv ..read more

“The Philippines’ Department of Information and Communication Technology (DICT) is separately partnering with Belgium and China to share expertise on diverse digital technology domains, including digital identity and infrastructure. The deal with China was signed recently during the Philippines President Ferdinand R. Marcos Jr.’s state visit to the country, according to a news advisory from the DICT.” The post Philippines to Collaborate with Belgium, China on Digital ID appeared first on Payments News ..read more

“Many Gen Zers have rejected traditional credit in favor of new-age layaway programs, which are riskier than they may seem. As familiar as Americans are with the concept of credit, many of us, upon encountering a sandwich that can be financed in four easy payments of $3.49, might think: Yikes, we’re in trouble.  Putting a banh mi on layaway—this is the world that buy-now, pay-later programs have wrought. In a few short years, financial-technology firms such as Affirm, Afterpay, and Klarna, which allow consumers to pay for purchases over several interest-free installments, have infiltrated ..read more

“The federal government of Nigeria is set to create a legal framework for stablecoins and ICO -Initial coin offerings. The importance of having a legal framework for stablecoins is highlighted in a new strategy paper released by the Central Bank of Nigeria. In the report headlined “Nigeria Payments System Vision 2025”, the Central Bank of Nigeria (CBN) seeks to develop a regulatory framework for the possible incorporation of a stablecoin. The report highlights the need to provide a framework considering that stablecoins are a possible successful payment scheme in the country.” The post Ni ..read more