Archives

January 26, 2022 @ 3:42 pm By Omar Faridi  |  

Pagaya, a tech firm building AI infrastructure for the financial ecosystem, and Visa (NYSE: V), which facilitates over 160 billion payments transactions globally, have announced a strategic relationship that will “enable Visa’s expansive network of merchant partners and issuing co-brand financial institutions to leverage Pagaya’s… Read More

January 17, 2022 @ 9:35 pm By JD Alois  |  

As was reported earlier, Amazon UK has hit the pause button on an earlier announcement that it would stop accepting Visa for transactions in the UK. Of course, the decision to cease allowing Visa was due to the very high fees associated with using the… Read More

January 17, 2022 @ 5:18 pm By Omar Faridi  |  

Freedom, work satisfaction and flexibility are a few of the key reasons that small business owners “take the leap” to pursue their vision, according to an update from Visa (NYSE: V). Rachelle Gonzalez, Founder of Taco Shelly’s in Bethlehem, PA, had reached a key point… Read More

January 17, 2022 @ 10:29 am By JD Alois  |  

Towards the end of 2021, Amazon UK distributed an email to its customers stating it would stop accepting Visa cards for purchases beginning January 19, 2022. Today, it is being widely reported that Amazon has backed away from that decision. According to AP, Amazon has… Read More

January 6, 2022 @ 2:24 pm By Omar Faridi  |  

Payments giant Visa (NYSE: V) notes that Sara’s Tamales in Portland, Oregon, is a small business built on a “big dream” — one that seemed quite “far-fetched” before owner Sara Rodriguez introduced her very first tamale cart. “When you don’t have the opportunities, the money… Read More

December 30, 2021 @ 3:11 pm By Omar Faridi  |  

Ruben Salazar Genovez, Global Head of Visa Direct, notes that when he was growing up in El Salvador during the 1980s, people living in “extreme” poverty were defined as those “who spend their daily purchasing power on food and still go to sleep hungry.” Now,… Read More

December 30, 2021 @ 9:45 am By JD Alois  |  

Binance, the largest crypto exchange in the world, has acquired the remaining shares of Swipe, a Visa card platform that enables users to spend crypto. The terms of the deal were not disclosed. Binance acquired a majority portion of Swipe in 2020. According to a… Read More

December 24, 2021 @ 9:11 am By Omar Faridi  |  

Local tech startup Bloom has unveiled a new collaboration with Visa (NYSE: V) to provide extra spending rewards for Visa card users residing in Hong Kong. As noted in an update shared with CI, the tie-up should help with accelerating Visa’s journey in connecting with… Read More

December 23, 2021 @ 8:15 am By Omar Faridi  |  

Visa (NYSE: V) announced it has finalized the acquisition of Currencycloud, an international platform that enables banking institutions and Fintech firms to offer various foreign exchange solutions for cross-border transactions. The acquisition will aim to empower Visa and Currencycloud customers and partners to offer a… Read More

December 14, 2021 @ 12:17 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), via its subsidiary Simplex, is introducing branded Visa debit cards for its partners across the European Economic Area and United Kingdom, “following a partnership with Visa.” Having provided crypto-friendly debit cards to blockchain finance ecosystem COTI in recent months,… Read More

December 6, 2021 @ 11:11 am By Tony Zerucha  |  

While Amazon’s (NASDAQ:AMZN) recent decision to stop accepting Visa (NYSE:V) credit card payments in January is causing some short-term disruption, it’s a calculated move, Forter’s head of strategic partnerships for EMEA and APAC Neil Smith said recently. Beginning Jan. 19, 2022, Amazon will no longer… Read More

November 19, 2021 @ 1:10 pm By Tony Zerucha  |  

Visa finds itself in the wrong place at the wrong time and that will hurt its business in the United Kingdom, GlobalData payments analyst Chris Dinga said in a research note today. As of Jan. 19, 2022, Amazon will no longer accept payments from Visa… Read More

November 17, 2021 @ 3:22 pm By JD Alois  |  

Amazon (NASDAQ:AMZN) says it will stop accepting Visa Inc (NYSE:V) credit cards in the United Kingdom beginning in 2022. According to the Guardian, Amazon users received an email this week explaining its decision to halt Visa payments beginning January 19, 2022, due to the high… Read More

November 1, 2021 @ 10:42 pm By Omar Faridi  |  

Touch ‘n Go has teamed up with Visa (NYSE: V) in order to create a prepaid card solution that is tied to its digital wallet and is expected to be available to clients next year. Touch ‘n Go Sdn Bhd (TNGSB) was incorporated in October… Read More

October 19, 2021 @ 12:00 pm By JD Alois  |  

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

October 15, 2021 @ 5:30 pm By Omar Faridi  |  

Veem, the international payment network for SMBs, announced a partnership with Visa (NYSE: V), the leader in virtual payments. Now, more than 400,000 of Veem‘s clients will get access to a new SMB Visa card program and digital money movement capabilities via Visa Direct, which is… Read More

October 12, 2021 @ 6:18 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

October 12, 2021 @ 10:15 am By Omar Faridi  |  

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

October 11, 2021 @ 10:42 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Citi (NYSE: C) have formed a new partnership in order to support local residents and small businesses via greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two international firms will aim to “bring their… Read More

October 10, 2021 @ 6:34 pm By Omar Faridi  |  

Visa (NYSE: V), the leader in virtual payments, recently announced the expansion of Visa Installments in Australia in partnership with ANZ (ASX: ANZ), which is one of the nation’s largest financial institutions, and merchant payment provider Quest. As mentioned in a release, the Visa solution… Read More