Tagged: digital payments

November 20, 2020 @ 5:35 pm By Omar Faridi  |  

Stocard, a European mobile wallet, has introduced its payment feature Stocard Pay in four other countries including France, Italy, Germany, and the Netherlands. Stocard had initially launched its platform in the UK markets in June 2020. Stocard aims to become the leading “on-the-go” financial services… Read More

November 20, 2020 @ 8:20 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has reached a record 11 million customers in the U.S. Klarna reported that the latest milestone represents a 106% increase year over year and a rapid climb from the 10 million reached only three weeks before. Founded in… Read More

November 18, 2020 @ 1:23 pm By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday the launch of its latest product, Veem Check. According to Veem, U.S.-based users can now issue all of their domestic payments, which include online, check, or Instant Deposit, within minutes on the Veem platform.  “As small-to-midsize businesses continue… Read More

November 18, 2020 @ 9:05 am By Samantha Hurst  |  

Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday it has formed a new partnership with global e-commerce platform, Wix. Sezzle reported that the collaboration will bring its “Buy Now, Pay Later” option to Wix’s massive roster of businesses and online stores… Read More

November 17, 2020 @ 9:28 pm By Omar Faridi  |  

Global payments platform Adyen (AMS: ADYEN), which claims it’s the platform of choice for many of the world’s largest businesses, has announced that it would be expanding its operations into the Middle East region. Adyen’s management noted that they aim to support the momentum of… Read More

November 17, 2020 @ 1:55 pm By Samantha Hurst  |  

Mastercard announced on Tuesday it will extend the Google Pay service to cardholders across Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal, and Romania together with its issuing partners. Mastercard reported that with Google Pay, users with eligible Android devices will be able to… Read More

November 15, 2020 @ 6:47 pm By Omar Faridi  |  

Will Graylin, an experienced tech entrepreneur and Founder of LoopPay (now Samsung Pay), has introduced a Fintech solution, called OV Valet – which is a secure Superkey and companion digital wallet app that supports touchless or contactless payments “at 94% of POS terminals.” As mentioned… Read More

November 14, 2020 @ 2:06 pm By Omar Faridi  |  

A report released earlier this week by Checkout.com reveals that digital commerce and online payments are on track for major growth next year. Internal Checkout.com data indicates that digital payment transfers have almost doubled in the MENA region since the beginning of the COVID-19 outbreak…. Read More

November 12, 2020 @ 8:39 pm By Omar Faridi  |  

    Texas-based Fintech firm AppBrilliance, which offers an open payment platform, has acquired more than $3 million through a seed funding round that was joined by Studio VC. Headquartered in Austin, AppBrilliance aims to disrupt the $4 trillion payment processing sector by offering non-custodial… Read More

November 12, 2020 @ 9:53 am By Samantha Hurst  |  

  WalletFi, a U.S.-based data and analytics platform for community banks, credit unions, and fintechs, announced on Thursday it has teamed up with BankFirst Financial Services to provide customers of the bank with enhanced visibility into their recurring payments. The company is hoping that the… Read More

November 11, 2020 @ 10:45 pm By Omar Faridi  |  

New York based Lightico, a startup that assists companies and banking institutions with collecting items such as forms, signatures, official documents, and payments from clients via digital platforms, has secured $13 million through an investment round that was led by Oxx.  Capital One Ventures and… Read More

November 11, 2020 @ 10:10 pm By Omar Faridi  |  

Payments giant Visa (NYSE:V) will be offering seamless access to 13 curated Fintech-focused partners to certain financial institutions and merchants. These financial tech companies will be offering digital payments services. Fintech firms taking part in the program include Aire, a credit scoring solution provider; AccountScore,… Read More

November 10, 2020 @ 8:47 pm By Omar Faridi  |  

Afterbanks, the Fintech firm that allows users to retrieve and aggregate data from different banks in real-time via an API, has introduced its products and services in Mexico. Afterbanks’ platform has been used to conduct instant and secure payments in Europe and Latin America. Afterbanks… Read More

November 9, 2020 @ 11:45 pm By Omar Faridi  |  

The COVID-19 pandemic has accelerated the shift towards all-digital platforms which includes the increased usage of digital financial services by consumers in the Philippines (and globally). Laura Ignacio, Director at the Center for Monetary and Financial Policy of the Bangko Sentral ng Pilipinas (BSP), confirmed… Read More

November 9, 2020 @ 7:45 am By Omar Faridi  |  

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

November 6, 2020 @ 11:00 am By Omar Faridi  |  

We recently connected with Patricia Montesi, Co-Founder and CEO at Qolo, a Fintech firm focused on B2B payments and facilitating cost-effective cross-border transaction processing. Montesi discussed what her company is doing to help businesses with settling payments in a more efficient manner. She also talked… Read More

November 6, 2020 @ 7:26 am By Omar Faridi  |  

Facebook (NASDAQ:FB) owned WhatsApp has reportedly received approval to introduce its digital payments services in India. The National Payments Corporation of India (NPCI), which is an umbrella organization for operating or managing retail payments and settlement systems in the country, has given WhatsApp the green… Read More

November 4, 2020 @ 11:35 pm By Omar Faridi  |  

The central bank in the UAE has issued new regulations on Stored Value Facilities (SVF). The updated regulatory guidelines apply to local Fintech companies and various other non-bank payment service providers. The new guidelines aim to make it easier to access the UAE market while… Read More

November 4, 2020 @ 8:27 am By Samantha Hurst  |  

Bank of Ireland announced on Tuesday it is now offering Apple Pay to its customers.  The banking group claims that Apple Pay is a safer, more secure and private way to pay that helps customers avoid handing their payment cards to someone else, touching physical… Read More

November 3, 2020 @ 7:40 am By Samantha Hurst  |  

Discover Financial Services (NYSE: DFS) announced on Tuesday the launch of its new Data and Analytics (DNA) organization. Discover revealed that the new organization represents its commitment to technological advancement in financial services with a focus on customer engagement and marketing technologies. The organization combines… Read More