Western Union Company reported strong first-quarter results, surpassing analyst expectations for earnings and revenue. The company attributed the positive performance to the growth of its digital business and the stabilization of its retail segment. Western Union raised its full-year 2024 revenue and EPS guidance, reflecting its optimism about the remainder of the year.
Relay Payments, a fintech company modernizing payments for the trucking and logistics industries, has launched an integration with CAT Scale, the largest truck scale network in the world. This integration enables carriers and drivers to seamlessly pay for scales using their Relay accounts, providing nationwide coverage and consolidating fuel, lumper, and other over-the-road transactions. By integrating with popular scale payment options, Relay allows drivers to use a single platform for all their on-the-road expenses while monitoring cash flow. With over 350,000 drivers and 90,000 carriers trusting Relay for their payment needs, the company continues to expand its payment network, offering fast and secure transactions across the country.
The introduction of Dynamic QR Code devices in India is set to transform the country’s digital payment landscape, enabling businesses and customers to experience seamless and secure transactions. This innovative technology empowers businesses to generate unique QR codes that can be easily scanned by consumers for payments without the need for cash or point-of-sale (POS) machines.
Fintech player PayU has secured in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator, allowing the company to expand its digital payment services to new merchants across the country.
Leading digital financial services provider PayU has announced its receipt of in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA) in India. This approval will enable PayU to onboard new merchants onto its platform, expanding its reach and contributing to the country’s digital payment ecosystem.
In response to the surge in OTP-based online payment frauds, the government has joined forces with SBI Card and telecom companies to implement a tracking and flagging system. This mechanism leverages SIM card location and customer address data to detect suspicious OTP activities and potentially block them, offering enhanced protection against cyberattacks.
