- In September 2024, PayPal Holdings Inc. introduced its PayPal Complete Payments (PPCP) platform in Hong Kong, offering businesses a comprehensive and adaptable payment solution aimed at strengthening global e-commerce capabilities. The PPCP platform empowers merchants to accept diverse payment methods, including PayPal, Apple Pay, Google Pay, Alipay, and major credit/debit cards such as Visa and Mastercard. This strategic expansion marks a significant step in PayPal’s mission to streamline cross-border digital transactions and enhance merchant flexibility worldwide
- In December 2023, Visa Inc. announced a definitive agreement to acquire a majority stake in Prosa, a leading payments processor in Mexico, to accelerate the adoption of secure and innovative digital payments across the country. While Prosa will maintain its operational independence and existing technology infrastructure, Visa aims to enrich its offerings by deploying new digital payment solutions. This move highlights Visa’s commitment to growing digital infrastructure and driving financial inclusion in emerging markets
- In November 2023, PayU, a major digital payment service provider in India, launched three new mobile app SDKs to deliver frictionless and efficient payment experiences on smartphones. These SDKs are purpose-built to enhance user experience and have reportedly improved transaction success rates by up to 56%. This development reinforces PayU’s position as an innovator in mobile-centric payment solutions for emerging digital economies
- In November 2022, Conduent Incorporated, a global technology firm, unveiled its Digital Integrated Payments Hub, designed to offer secure, rapid, and streamlined capabilities for sending, receiving, or requesting payments. The hub is tailored to serve both businesses and public sector agencies, helping modernize payment systems across various industries. This initiative signifies Conduent’s continued focus on digital transformation and financial efficiency for enterprise and government clients
