Thursday, November 21

Tag: Visa

Visa’s New Feature: One Card, Multiple Payment Options for UAE Consumers
Fintech, Global BFSI, Payments

Visa’s New Feature: One Card, Multiple Payment Options for UAE Consumers

Visa is set to revolutionize the payment experience for consumers in the UAE and the Gulf region with its new "Visa Flex Credential" feature. This innovative solution combines credit and debit card functionalities into a single card, offering users unprecedented flexibility and convenience. The Power of Choice at Your Fingertips The "Visa Flex Credential" allows cardholders to toggle between different payment options for each transaction. Whether it's paying with credit or debit, opting for installments, or even settling in a different currency, users can choose the most suitable method for their needs. This eliminates the need to carry multiple cards, streamlining the payment process and simplifying everyday transactions. Personalized Payment Preferences The fe...
Visa and Mastercard Agree on Landmark Settlement with U.S. Merchants Lowering Fees – Here’s What You Need to Know
Global BFSI, BFSI, Payments

Visa and Mastercard Agree on Landmark Settlement with U.S. Merchants Lowering Fees – Here’s What You Need to Know

Introduction In a groundbreaking development, Visa and Mastercard have recently reached a landmark settlement with U.S. merchants, fundamentally altering the landscape of credit card transactions. After nearly two decades of legal wrangling, this agreement promises significant benefits for businesses, particularly small enterprises. Let’s delve into the details of this historic settlement and understand its implications. The Long-Awaited Resolution For years, merchants across the United States have grappled with interchange fees – the charges imposed by credit card companies for processing transactions. These fees, often perceived as exorbitant, have been a point of contention between merchants and credit card giants. Finally, the settlement aims to address these conce...