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- Commerce platform FreedomPay said it will begin offering point-of-sale devices from Pax Technology Inc. in the second quarter next year.
- Visa Inc. announced it will deploy its real-time payments network, Visa Direct, to allow users of United Kingdom-based money-transmission platform Paysend to route payments to eligible Visa cards in 170 countries and territories.
- The India-based airline Vistara has joined the U.S.-based UATP platform, a specialist in payments processing for air travel.
- Non-cash transactions worldwide will grow at an annual rate of 15% annually, taking a volume of 1.3 trillion this year to 2.3 trillion in 2027, according to the “2023 World Payments Report” from Capgemini Research Institute. The growth rate in North America over that time span will be 6.5%, the report indicates.
- Credit card loyalty and rewards programs in Canada are falling short for cardholders as 34% of them carry a revolving balance in the face of “deteriorating” financial health for cardholders generally, a report from J.D. Power finds.
- Miura Systems, a U.K.-based point-of-sale device maker, has teamed with the Caribbean payment processor Powertranz to offer semi-integrated payments technology in the Caribbean and Central American markets.
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