Tagged: digital payments

March 18, 2021 @ 9:45 am By Omar Faridi  |  

Finland’s payment services provider Enfuce has secured €7 million in capital through a Series-B funding round. Enfuce has received €5 million in funding from Tencent. Another €2 million that was part of the investment round came from previous investor Maki. Prior investment has been supported… Read More

March 18, 2021 @ 9:43 am By Samantha Hurst  |  

Integrated payments platform Paysafe announced on Thursday its Board of Directors, effective at the closing of the business combination transaction with special purpose acquisition company, Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS). Paysafe recently announced its plans to become a public company through… Read More

March 18, 2021 @ 8:28 am By Samantha Hurst  |  

Digital payments platform Wirex announced on Thursday has succeeded in its High Court trademark infringement claim regarding their UK registered trademark for Cryptoback, which is reportedly used in conjunction with the platform’s cryptocurrency rewards scheme. According to Wirex, the lawsuit was against Cryptocarbon Global Ltd,… Read More

March 17, 2021 @ 6:23 pm By Omar Faridi  |  

The “humble” QR code has now emerged from last year as a “versatile” tool for providing an overall improved customer experience (CX). At restaurants, for example, customers are “loving” this contactless option so they safely view menus, order, and make virtual payments with a “snap… Read More

March 17, 2021 @ 3:23 pm By Samantha Hurst  |  

  Integrated payments platform Paysafe announced on Wednesday it has expanded its partnership with NeoPollard Interactive (NPi), the provider of iLottery programs in North America. Through this partnership, NPi uses Paysafe’s proprietary payment gateway to power Alberta’s only regulated online gambling website PlayAlberta.ca.  Paysafe further revealed with… Read More

March 17, 2021 @ 8:50 am By Samantha Hurst  |  

Universal Air Travel Plan (UATP), a U.S.-based global payment network for travel, announced on Wednesday it has joined forces with Nuvei, a global payment technology provider based in Canada, to begin offering full payment service provider (PSP) services. UATP reported that the collaboration enables it… Read More

March 16, 2021 @ 3:46 pm By Samantha Hurst  |  

DailyPay, a U.S.-based gold standard on-demand pay platform, announced on Tuesday plans to launch its REWARD by DailyPay payment solution. According to DailyPay, REWARD by DailyPay gives managers the ability to instantly and effortlessly incentivize their staff with on-the-spot payments for everything from bonuses for… Read More

March 16, 2021 @ 3:23 pm By Samantha Hurst  |  

India-based banking group Axis Bank recently announced it has launched its own range of wearable contactless payment devices, called Wear N’ Pay. Axis Bank reported it teamed up with Thales and Tappy Technologies to design and create the products, which are exclusively available on the Mastercard platform…. Read More

March 16, 2021 @ 12:54 pm By Samantha Hurst  |  

European fintech Viva Wallet announced on Tuesday it has joined forces with PrestaShop, an open-source e-commerce platform, to allow thousands of online merchants across Europe and the UK to accept fully localized payments through the new Viva Wallet module.   Viva Wallet reported that the module will offer frictionless… Read More

March 15, 2021 @ 10:53 am By Samantha Hurst  |  

Afterpay (ASX:APT), a digital platform that offers interest-free installment plans for online purchases, announced on Monday it has joined forces with Clearpay to bring flexible payments to Southern Europe. According to the duo, Clearpay enters the Southern Europe market after its recent acquisition of Pagantis, a Spanish-based payment company…. Read More

March 15, 2021 @ 10:36 am By Samantha Hurst  |  

    MSTS, a global B2B payment company, recently announced it has rebranded to TreviPay. The company reported that the new branding reflects its role as the preferred B2B payment provider for Fortune 500 companies and small- to mid-sized businesses. TreviPay describes itself as a… Read More

March 14, 2021 @ 9:53 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

March 12, 2021 @ 10:29 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) recently announced a five-year extension to its partnership with Ooredoo Qatar, a telecommunications operator based in Qatar. MoneyGram reported that the renewal enables its customers to continue to send money in near real-time to family and friends… Read More

March 11, 2021 @ 10:22 pm By Omar Faridi  |  

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

March 11, 2021 @ 7:30 am By Omar Faridi  |  

UK-based payments Fintech MultiPay has officially launched its services, which allow clients to accept payments from anywhere in the world. Digital commerce transactions in the United Kingdom have surged over 45% during the COVID-19 pandemic. Meanwhile, physical in-store payments have declined during the same time… Read More

March 10, 2021 @ 11:01 pm By Omar Faridi  |  

Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More

March 10, 2021 @ 9:18 pm By Omar Faridi  |  

Deepu K Sasidharan, Developer Advocate at payments platform Adyen (AMS:ADYEN), notes that the Payment Request API and the Payment Handler API are new W3C web standards that aim to make the payments process easier on websites. Sasidharan explains that these new standards aim to provide… Read More

March 10, 2021 @ 7:19 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

March 9, 2021 @ 11:11 pm By Omar Faridi  |  

Indonesia’s digital wallet platform LinkAja has chosen Indian software firm PureSoftware’s Arttha digital payments suite which will be powering the wallet provider’s core systems. The move is said to be consistent with LinkAja’s goal to further expand and strengthen its market presence as a payment… Read More

March 9, 2021 @ 6:27 pm By Omar Faridi  |  

MicroWorkers has integrated Ontology’s ONTO wallet in order to facilitate additional payment options for workers. MicroWorkers’ integration of ONTO wallet completes the latest phase in their joint venture with the Ontology development team. Through the partnership, MicroWorkers plans to continue to promote users’ access to… Read More