Tagged: digital payments

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

July 13, 2021 @ 1:55 am By Omar Faridi  |  

Indian neobank Razorpay recently shared payroll compliance mistakes that businesses should try to avoid. The RazorPay team explains that payroll compliance is one of the “most important” processes a business performs so that it can maintain operations. All businesses in India and globally have to… Read More

July 12, 2021 @ 10:18 am By Omar Faridi  |  

UK-based Weavr, a startup that assists businesses with embedding banking and payments solutions into their mobile or software-as-a-service (SaaS) solutions, has finalized a £7 million seed round. Weavr’s investment round, which is an extension of a £3 million seed capital fundraise during 2020, has reportedly… Read More

July 11, 2021 @ 4:39 pm By Tony Zerucha  |  

Several factors will contribute to strong growth in card payments in the Philippines, a new report from GlobalData suggests. Gains of 15.4 percent are expected due to the gradual revival of the economy, easing of lockdown restrictions, and improving consumer spending. Those gains will leave… Read More

July 10, 2021 @ 7:24 pm By Omar Faridi  |  

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

July 8, 2021 @ 1:50 am By Omar Faridi  |  

ikigai, the very first UK app to combine everyday banking and wealth management services, has decided to offer Apple Pay, a safe, secure and private way to make payments. Apple Pay helps clients maintain privacy and control by not requiring them to hand over their… Read More

July 7, 2021 @ 9:01 pm By Omar Faridi  |  

Real-time payments are becoming increasingly common as cash as a payment solution or method for consumers in Southeast Asia, according to research from ACI Worldwide (NASDAQ: ACIW) and YouGov. Three out of five or around 60% of consumers residing in Indonesia, Malaysia, Thailand and Singapore… Read More

July 7, 2021 @ 5:18 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

July 6, 2021 @ 10:26 pm By Omar Faridi  |  

In the fast-evolving world of cryptocurrencies like Bitcoin and Ethereum, The Pavilions Hotels & Resorts announces that it aims to improve its guest experiences by becoming the first international boutique hotel group to take virtual currency from any country as payment for hotel bookings. The… Read More

July 2, 2021 @ 3:42 pm By Omar Faridi  |  

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities. These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that… Read More

June 30, 2021 @ 11:10 am By Omar Faridi  |  

Tomato Pay, a newly-launched QR-code payment and invoicing app, is currently available for use in the United Kingdom. The Fintech app is intended for small businesses and sole traders. As noted by the firm’s management: “Tomato Pay is a simple, QR-code based payments and invoice… Read More

June 28, 2021 @ 7:39 am By Omar Faridi  |  

The spin-off of Fintech firm Tinka, a deferred payments provider, has initiated a new phase in the digital and business transformation of former Wehkamp Finance. Tinka aims to simplify customer purchases with deferred payment options and also by offering installment plans for retailers based in… Read More

June 25, 2021 @ 5:54 pm By Omar Faridi  |  

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

June 23, 2021 @ 9:59 pm By Omar Faridi  |  

SnapSwap, a provider of digital transformation services for financial services and businesses, has reportedly chosen Banking Circle to offer quicker and lower-cost payments to its clients. By leveraging Banking Circle’s Payments on Behalf of (POBO) and Collections on Behalf of (COBO) services, SnapSwap will see… Read More

June 20, 2021 @ 4:01 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) recently revealed that they’ve introduced a cross-border QR payment linkage between the two countries. Under this linkage, both consumers and merchants residing in Malaysia and Thailand can make and receive instant, cross-border QR code payments…. Read More

June 18, 2021 @ 10:02 am By Omar Faridi  |  

London-headquartered Volt, an open payments gateway provider, has secured $23.5 million in capital through a Series A round that was led by EQT Ventures. Augmentum Fintech, Fuel Ventures, and angel investors including Adyen co-founder Robert Kraal and FIS non-executive director Gabriel de Montessus took part… Read More

June 18, 2021 @ 8:32 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

June 16, 2021 @ 12:38 pm By Omar Faridi  |  

Mexico-based Clip, a digital payments and commerce Fintech, revealed on Tuesday (June 15, 2021) that it has acquired $250 million in capital via a round led by the SoftBank Latin America Fund and Viking Global Investors LP. Clip‘s latest investment round is the largest ever… Read More

June 16, 2021 @ 3:17 am By Omar Faridi  |  

Volante Technologies, an established provider of Cloud-based payments and financial messaging, and SIA, a European hi-tech firm focused on payment services and infrastructures  (controlled by CDP Equity), have teamed up to enable banking institutions, financial service providers to gain access to instant payments. This should… Read More

June 14, 2021 @ 10:07 pm By Omar Faridi  |  

B4B Payments, a multinational prepaid payments provider, has chosen Banking Circle to offer  payments infrastructure to support its corporate banking services. Offering prepaid solutions to businesses for over 15 years, Financial Conduct Authority (FCA) approved B4B Payments enables companies to effectively manage their finances, which… Read More