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Marcel van Oost

UPI's Road to 10B Transactions

UPI's Road to 10B Transactions

The launch of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI) in 2016 marked a paradigm shift in India's payment ecosystem. Necessitated by the fragmented and complex nature of existing payment systems like RTGS, IMPS, and NEFT, UPI aimed to amalgamate various payment

The Battle for Payment Processing Dominance

The Battle for Payment Processing Dominance

Last year, in a bid to counter competitors like Dutch firm Adyen, PayPal cut prices in its payment services sector. This move seems effective, but its implications remain in question. In the realm of payment processing, margins are slim. In 2022, PayPal's net revenue was $27.5 billion,

Pix Achieves 100% Acceptance in Major Online Stores, Tying with Credit Cards

Pix Achieves 100% Acceptance in Major Online Stores, Tying with Credit Cards

Mastercard CFO Critiques India's UPI System

Mastercard CFO Critiques India's UPI System

India's Universal Payment Interface (UPI) has garnered both praise and criticism from the global payment giant, Mastercard. At a recent UBS conference, Mastercard's CFO, Sachin Mehra, commended UPI for its role in digital transformation. However, he expressed concerns about its long-term financial viability. What is UPI?

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Good morning FinTech Fanatic! Let's start the day with news from the US where Apple Wallet now allows Discover US credit card customers to view their card balance and transaction history, following a functionality already launched in the UK. The feature is part of the iOS 17.1

FinTech Market Map Colombia 2023

FinTech Market Map Colombia 2023

In the latest edition of Finnovista FinTech Radar Colombia, 90 new startups have been identified in the country, signaling a vibrant and burgeoning FinTech landscape. However, the environment is not without its challenges, as indicated by the cessation of operations by 50 Colombian startups in the analyzed period, translating to

FinTech Market Map Chile 2023

FinTech Market Map Chile 2023

In the latest edition of Finnovista Fintech Radar Chile, a striking development emerges in the Chilean fintech scene with the identification of 121 new startups, underlining an energetic and evolving digital finance market. However, the industry also witnessed a significant challenge: a mortality rate of 21.2% over the past