Tagged: digital payments

October 14, 2020 @ 8:03 am By Samantha Hurst  |  

Wirex, a UK-based payments platform, has completed its equity crowdfunding campaign on Crowdcube with a total of £3,701,909 secured. The funding round, which secured its initial £1 million funding target just 90 minutes after its platform debut, attracted 6925 Crowdcube investors. As previously reported, Wirex… Read More

October 12, 2020 @ 4:31 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £3.1 million secured. The funding round was launched last month and has already attracted nearly 6050 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced global… Read More

October 12, 2020 @ 8:00 am By Omar Faridi  |  

The COVID-19 outbreak has accelerated the shift towards the increased use of all-digital platforms and services by consumers across the globe. Ajay Bhalla, president of Cyber and Intelligence for Mastercard, says that the “new normal” is not a new development anymore and that we need… Read More

October 11, 2020 @ 12:07 pm By Omar Faridi  |  

Over two-thirds or 68% of Indian consumers are currently using digital or mobile banking platforms to settle transactions, according to a new report. The use of online banking services and contactless payments has increased significantly due to the COVID-19 crisis – which had led to… Read More

October 11, 2020 @ 11:33 am By Omar Faridi  |  

The Central Bank of Egypt (CBE) has reportedly issued updated guidelines and instructions that will allow local residents and small businesses to open certain types of bank accounts under various terms and conditions. The CBE sent a letter to local banks in which it noted… Read More

October 10, 2020 @ 10:58 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), an established multinational provider of connectivity and various digital services, has revealed that Mobilink Microfinance Bank Ltd (MMBL), which is part of Pakistan’s mobile operator Jazz, has been awarded “the Best MicroFinance Bank (Digital) of the Year Award”… Read More

October 8, 2020 @ 10:23 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has secured more than£2.7 million raised through its equity crowdfunding campaign on Crowdcube. The funding round, which quickly secured its initial £1 million minimum target, has so far attracted nearly 5260 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced… Read More

October 8, 2020 @ 10:11 pm By Omar Faridi  |  

India-based Infibeam Avenues, an established online payment solutions and enterprise software developer, has agreed to a new deal that involves licensing its digital commerce and payment software to Jio Platforms, a local digital services firm and a subsidiary of Reliance Industries Ltd. (according to a… Read More

October 8, 2020 @ 8:30 pm By Omar Faridi  |  

Sydney-headquartered Fintech firm DataMesh Group has introduced a payment system that enables low-cost automatic routing through eftpos’ Australian debit system. DataMesh’s new payment solution should help merchants save as much as AUD 500 million per year in transaction fees, after it has been launched across… Read More

October 8, 2020 @ 8:01 pm By Omar Faridi  |  

Bengaluru based Simpl, a company that aims to make money simple, so that people can “live well and do amazing things,” has reportedly added 1,500 new merchants through digital banking platform Razorpay during the lockdown period (following the COVID outbreak). Simpl‘s partnership with Razorpay will… Read More

October 5, 2020 @ 10:03 pm By Omar Faridi  |  

Mo Ali Yusuf, the VP at Checkout.com for the MENA and Asia Pacific region, notes that for anyone who has been living in the UAE for over 4 years, it’s clear to see that the digital payments are increasingly being adopted, instead of using cash… Read More

October 5, 2020 @ 9:04 am By Omar Faridi  |  

UK-based Fintech firm Currensea has introduced a new product for small businesses. The company is offering a debit card for SMBs that aims to leverage the benefits of Open Banking, so that it’s easier to carry out digital transactions. Currensea’s debit card allows SMEs to… Read More

October 4, 2020 @ 10:42 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has successfully secured more than £2.3 million through its equity crowdfunding campaign, which launched less than two weeks ago on Crowdcube. Wirex’s initiative originally sought to raise £1 million and quickly achieved the goal just hours after debut. As previously… Read More

October 4, 2020 @ 10:13 pm By Samantha Hurst  |  

Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, recently announced it has formed a partnership with fashion retailer, UNTUCKit. Sezzle reported that it was selected by UNTUCKit as its preferred ‘Buy Now, Pay Later’ option in an effort to meet growing demand from an… Read More

October 4, 2020 @ 4:04 pm By Omar Faridi  |  

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

October 4, 2020 @ 2:01 pm By Omar Faridi  |  

Fady Abdel-Nour, Head of Global M&A and Investments at PayU, a Fintech firm that provides payment technology to online merchants, has noted that regulators in Southeast Asia are working hard to ensure that digital payments are adopted by consumers. Abdel-Nour has pointed out that UPI,… Read More

October 1, 2020 @ 9:14 am By Omar Faridi  |  

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

September 30, 2020 @ 10:36 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has reportedly become the world’s first lender to use a new Visa API that allows clients to add cards to third-party apps without having to carry or use… Read More

September 30, 2020 @ 7:00 am By Omar Faridi  |  

Digital commerce giant Amazon (NASDAQ:AMZN) has introduced special technology that allows customers to pay for products at physical store locations by simply scanning the palm of their hands. Amazon has been quite active when it comes to offering certain services at brick-and-mortar stores. The e-commerce… Read More

September 29, 2020 @ 9:26 pm By Omar Faridi  |  

Philippines-based PayMongo, an online payments platform, has secured $12 million in capital through a Series A investment round led by payments processor Stripe PayMongo provides an online payments API for businesses in the Philippines. The Fintech firm has taken part in Y Combinator’s Accelerator program…. Read More