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IndustryUpdate
to merchants will be increasingly popular in mobile money purchases, over 72 percent of consumers will use
schemes and will drive growth. Researchers recommended electronic payments as their first payment method
that mobile money providers partner with banks and other choice, which includes traditional credit/debit cards,
financial institutions to increase the sophistication of prod- contactless cards, and digital wallets as the top meth-
ucts offered and take advantage of increasing financial and ods; for online purchases, traditional credit/debit
technological literacy. cards were cited as consumer's number one choice,
followed by one-click payment options and digital
Mobile malware soars in Asia wallets.
In the third quarter of 2020, mobile malware activity
increased consistently and significantly, with Asia at the PARTNERSHIPS
epicenter, according to new data published by Secure-D,
Upstream's anti-fraud platform. The data show that 97 EBANX, PicPay take off in Brazil
percent of all transactions in the region have been flagged
and blocked as fraudulent, researchers noted. More than EBANX, a Latin American fintech specializing in
half of the activity blocked was found in Indonesia, where local payment solutions for global merchants, joined
malicious app activity is skyrocketing. The top 10 worst forces with PicPay, a prominent digital wallet pro-
offending apps worldwide for the quarter appear to have a vider in Brazil, to offer a new payment option in the
direct link with the Android app store or a specific handset country.
manufacturer, Secure-D added.
International companies that adopt EBANX's solu-
Credit/debit cards popular during holidays tions to sell in Brazil through digital payment
accounts can now offer PicPay as one of its payment
The Strawhecker Group and Electronic Transactions options, expanding their Total Addressable Market
Association released a Consumer Holiday Spending Survey in the largest economy in Latin America, and giving
report that shows consumers are utilizing different types access to millions of Brazilians to global products and
of payments options as they attempt to shop safely this services, according to the partners. PicPay has 34 mil-
holiday season. Researchers found that for in-person lion users in Brazil and is accepted in over 3 million
stores throughout the country.
PAI, B4U add bitcoin to ATM fleet
Payment Alliance International, a provider of ATM
portfolio management tools and services, formed a
strategic partnership with B4U Financial to better
serve liquidity needs of the cryptocurrency market.
PAI's nationwide fleet of ATMs will be equipped with
BitLoad4U (B4U) capabilities, including the ability
to redeem bitcoin for cash at ATMs using any cryp-
Our ISO Exclusive low cost Bill&Pay tocurrency mobile wallet, the partners stated, add-
ing that B4U Financial's global processing network
electronic invoicing pricing
& ISV Robust, cost effective will be used to manage authorization, clearing and
settlement, providing a safe, secure, convenient and
i3 Transafe gateway with
Partners Multiple pricing options including reliable way to liquidate bitcoin into fiat currency at
seamless integration
ATMs.
Enjoy surcharging and flat rate
Complimentary statement Central Bank of Iceland, SIA launch
analysis interbank payment system
L2 & L3 interchange savings for
B2B merchants The Central Bank of Iceland and SIA, a European
Choose from numerous hi-tech company in payment services and infrastruc-
platforms and sponsor banks tures, reported they went live with the new real-time
NDF cutoff times as late as 11pm gross settlement system and instant payment plat-
form. CBI can now rely on a more strategic, modern
infrastructure for its high- and low-value payment
systems, the partners said. CBI manages all interbank
Technology driven. Human powered. payments in Iceland: it currently processes up to 1
million payments with peaks of 160,000 per hour—
Contact Us despite the small population of just over 365,000
ISORecruitment@i3verticals.com inhabitants, the bank noted.
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