General News

August 28, 2020 @ 10:33 am By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Thursday now has more than two million customers who sign online, web, and mobile banking transactions on their smartphone, using the CaixaBank Sign application. CaixaBank reported that the figure has doubled compared to October 2019,… Read More

August 28, 2020 @ 10:17 am By Samantha Hurst  |  

Russian banking group Sberbank announced on Thursday it has teamed up with Evotor to add a new function to the Pay with QR service when accessed through Evotor POS terminals, by letting customers use their QR codes in addition to dynamic QR codes already available…. Read More

August 28, 2020 @ 8:59 am By Samantha Hurst  |  

Bill.com, a business payments and software platform provider, announced on Thursday it has joined forces with KeyBank (NYSE: KEY) to launch Key CashFlow, an online banking solution that streamlines payments for small businesses (SMBs) and commercial customers. According to Bill.com, Key CashFlow is a scalable,… Read More

August 28, 2020 @ 7:54 am By Omar Faridi  |  

The UK’s Nationwide Building Society (NBS), a British mutual financial institution, the seventh largest cooperative financial institution and the world’s largest building society with 15 million members, has introduced a cloud-native Speed Layer so that it can quickly launch new products and services. Headquartered in… Read More

August 27, 2020 @ 10:31 pm By Samantha Hurst  |  

Kotak Mahindra Bank (Kotak) announced earlier this week the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer – IMT). According to Kotak, the facility empowers account holders to make cash withdrawals as well as remit money to beneficiaries across India without… Read More

August 27, 2020 @ 9:17 pm By Samantha Hurst  |  

Cryptocurrency platform Coinbase recently announced it has appointed Marcus Hughes as the new General Manager for its European division. According to Coinbase, Hughes served as General Counsel for the crypto platform’s international operations and in his upcoming role, he will be responsible for continuing to… Read More

August 27, 2020 @ 2:56 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has added one million new consumers in the U.S. in just three months.  The company reported it has also seen strong growth momentum in its retail partnerships in the US, which have grown by more than 158% year… Read More

August 27, 2020 @ 11:40 am By Omar Faridi  |  

Fintech company Affirm, which aims to offer a more flexible and transparent way to make digital payments, revealed on August 26, 2020 that it has teamed up with David’s Bridal, a US-based bridal and special occasion authority. Affirm and David’s Bridal are allowing qualified or… Read More

August 27, 2020 @ 9:14 am By Samantha Hurst  |  

Neon, a Switzerland-based challenger banking startup, announced on Wednesday it scored €4.6 million through its latest investment round, which was supported by the existing investors, including Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina… Read More

August 27, 2020 @ 8:17 am By Samantha Hurst  |  

GRID, an Iceland-based  Software-as-a-Service (SaaS) platform, announced on Wednesday it raised $12 million through its Series A funding round, which was led by New Enterprise Associates (NEA), with participation from existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners. Founded in 2018,… Read More

August 26, 2020 @ 2:44 pm By Samantha Hurst  |  

Trustly, a Sweden-based online banking payments platform, announced on Wednesday it has expanded its services to Australia and Canada. Founded in 2008, Trustly claims its account-to-account network bypasses the card networks, letting consumers make fast, simple, and secure payments to merchants directly from their online… Read More

August 26, 2020 @ 2:20 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

August 26, 2020 @ 1:50 pm By Samantha Hurst  |  

Just six months after announcing it secured $35 million through its Series B funding round, payments infrastructure platform Finix announced it has extended the funding round and raised a total of $75 million. Sequoia Capital led the round, with participation from Acrew Capital, Bain Capital… Read More

August 26, 2020 @ 1:31 pm By Samantha Hurst  |  

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday it is offering its services to consumers and merchants in the Canadian market through its new partnerships with various brands and retailers, including American Eagle, Ardene, BikeExchange, Dermalogica, FragranceX.com, Herschel Supply… Read More

August 26, 2020 @ 1:15 pm By Samantha Hurst  |  

Esusu, a U.S.-based fintech that is helping individuals save money and build credit, announced on Wednesday it secured $2.3 million in seed extension bringing total capital raised to $4 million. Participating investors in the investment round included Acumen Fund, Concrete Rose Capital, Global Good Fund, Impact America Fund, Next… Read More

August 26, 2020 @ 10:35 am By Samantha Hurst  |  

  Plastiq, a U.S.-based intelligent payments solution for small business, announced on Wednesday its card acceptance product, Plastiq Accept is now live and available to the public. According to Plastiq, Plastiq Accept’s enhanced payment acceptance features help businesses get paid faster and more reliably. The… Read More

August 26, 2020 @ 10:16 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has formed a partnership with global payments network Thunes to enable customers to send money directly to mobile wallets and bank accounts globally through its platform. According to MoneyGram, the collaboration will see additional… Read More

August 26, 2020 @ 8:15 am By Samantha Hurst  |  

Qube Money, a U.S.-based fintech, announced on Tuesday it has integrated with Plaid to help improve budgeting for its customers.  Qube Money revealed that it creates secure, real-time connectivity between someone’s money and the Qube budgeting app. “Qube’s mission is to align people’s use of… Read More

August 26, 2020 @ 7:27 am By Omar Faridi  |  

Our attitude or approach towards cryptocurrency investments are determined by our understanding or knowledge of basic financial concepts (financial literacy) and our ability to assess the potential risks involved with investing in Bitcoin (BTC) and other digital assets. This, according to researchers Georgios Panos and… Read More

August 25, 2020 @ 3:36 pm By Samantha Hurst  |  

Xero (ASX: XRO), a global small business platform, announced on Monday it has acquired cloud-based invoice lending platform, Waddle. According to Xero, Waddle helps connect small businesses to invoice finance, a form of secured lending that relies on a business’s unpaid invoices. Founded in 2014,… Read More