Tagged: digital payments

May 31, 2021 @ 1:43 pm By Omar Faridi  |  

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

May 28, 2021 @ 1:10 pm By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at UK-based Blend Network, an online peer to peer (P2P) lender. Murciano talked extensively about the “unbundling” of banking and FinTech, and how now we are witnessing the “rebundling” of banking and FinTech again. He pointed out that… Read More

May 27, 2021 @ 11:47 pm By Omar Faridi  |  

Indian neobank Razorpay notes in a blog post that we are living in a world with “ever-increasing” consumer expectations and “endless options” to choose from these days. The Razorpay team points out that competition among businesses has been increasing over the years. This has helped… Read More

May 27, 2021 @ 10:52 pm By Omar Faridi  |  

India-based Paytm Payments Bank Ltd (PPBL) says it’s “revolutionizing” the nation’s digital banking sector which has grown significantly during the past four years. Today, Paytm Payments Bank offers modern Internet banking services that are accessible via smartphones. Paytm provides current and savings accounts, fixed deposits… Read More

May 27, 2021 @ 9:09 am By Samantha Hurst  |  

U.S.-based fintech Stripe announced earlier this week the launch of Payment Links. Stripe claims that Payment Links is the simplest way for businesses to create a full payment page with just a few clicks, and share the link with their customers, with no code required. “Payment… Read More

May 26, 2021 @ 4:32 pm By Samantha Hurst  |  

    Flexa, a global network uniting retail and blockchain technologies, announced on Wednesday its digital currency acceptance offering to include a suite of eCommerce plug-ins that enable merchants to accept digital currencies via their online retail channels instantly and with guaranteed zero fraud. Flexa… Read More

May 26, 2021 @ 10:28 am By Samantha Hurst  |  

    Tilled, a U.S.-based payment facilitation platform, announced on Wednesday it secured $11 million through its Series A funding round, which was led by Rebecca Lynn from Canvas Ventures with participation from Abhinav Tiwari, former head of investments and M&A at Stripe, Henry Ward, founder and CEO… Read More

May 26, 2021 @ 8:16 am By Samantha Hurst  |  

  Digital payments platform Wirex announced on Wednesday it has listed five new DeFi coins, which are AAVE, LINK, MKR, UNI, and YFI. According to Wirex, the addition of the coins will build on the 9 cryptos and 9 traditional currencies that the platform currently offers. … Read More

May 25, 2021 @ 12:19 pm By Samantha Hurst  |  

    Agora Services, a digital platform banking solutions provider, announced on Tuesday it has partnered with i2c Inc., a global provider of digital payment and open banking technology, to provide modern digital-first issuing and processing. Agora reported that the partnership adds to its ability to… Read More

May 25, 2021 @ 8:17 am By Samantha Hurst  |  

  Digital bank Revolut announced on Tuesday that Revolute Business has launched an invoicing tool to streamline payments for UK and EU businesses. According to Revolut, Revolut Business customers may now send professional invoices that simply their Revolut Business accounts. These invoices may also be personalized… Read More

May 24, 2021 @ 10:37 pm By Omar Faridi  |  

i2c Inc., an established provider of digital payment and banking tech, revealed on Monday (May 23, 2021) that it has partnered with INVESTBANK, a bank offering various financial solutions in Jordan. i2c’s plug-and-play platform will reportedly power credit issuing and acquiring capabilities for INVESTBANK. Through… Read More

May 24, 2021 @ 9:43 pm By Omar Faridi  |  

The State Duma has recently acknowledged that amendments to the Civil Code (in Russia) that cryptocurrencies (or “digital monetary units”) may be considered “a contractual means” of conducting payments in the country, according to Pavel Krasheninnikov, Chairperson of the Duma Committee on Legislation, at the… Read More

May 24, 2021 @ 12:57 am By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported… Read More

May 23, 2021 @ 11:51 pm By Omar Faridi  |  

Digiseq recently unveiled what it claims to be a wearables breakthrough via a mobile app that’s able to turn supported objects, embedded with an NFC chip, into a contactless payments device. Digiseq’s Manage Mii mobile app supports “Rapid Contactless Personalization” for clients to imbue any… Read More

May 21, 2021 @ 8:02 pm By Omar Faridi  |  

For many digital commerce platforms, ACH payments debited directly from customer bank accounts offer a more affordable and accessible alternative to traditional credit cards. Although cards may expire and can also go missing, account and routing numbers for ACH payments tend to be more permanent,… Read More

May 21, 2021 @ 8:25 am By Omar Faridi  |  

Norges Bank has released its Financial Infrastructure Report 2021 and Norges Bank Papers 2/2021, titled “Retail payment services 2020.” Norges Bank notes that there have been significantly fewer disruptions in the Norwegian financial infrastructure during the past few years, and the infrastructure has been working… Read More

May 20, 2021 @ 9:12 pm By Samantha Hurst  |  

  Integrated payments platform Paysafe announced on Thursday that Skrill USA digital wallet has launched a virtual version of its existing Skrill Visa Prepaid Card. According to PaySafe, Skrill USA’s latest product offers Americans a fully digital payments solution that can be activated instantly to spend… Read More

May 20, 2021 @ 1:34 pm By Samantha Hurst  |  

    Lithic, formerly Privacy.com, a U.S.-based card issuing platform, announced on Thursday it raised $43 million through its Series B funding round, which was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, and Walkabout Ventures…. Read More

May 20, 2021 @ 7:05 am By Samantha Hurst  |  

    Airwallex, a digital payments fintech, announced on Thursday the launch of its online card payment acceptance solution in Hong Kong. According to Airwallex, the solution will allow local merchants to accept online card payments made around the world using Visa and Mastercard. According… Read More

May 20, 2021 @ 12:27 am By Omar Faridi  |  

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More