Tagged: digital payments

Philippines based Mobile Wallet PayMaya Becomes First Fintech to Use QR Ph for Transactions

PayMaya, a mobile wallet that’s operating under the purview of PLDT, has reportedly become the first Fintech firm to start using QR Ph for merchants. QR Ph was introduced by the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, with assistance from BancNet and… Read More

$106 Billion Transferred with Zelle via 392 Million Digital Transactions in Q1 2021: Report

Zelle “springs” into 2021 with over $100 billion sent during the first quarter of this year, according to a release. Early Warning Services, LLC, the network operator behind Zelle, revealed on May 5, 2021 that $106 billion was sent via the Zelle Network on 392… Read More

Seamless Cross-Border Payments Now Supported by UAE Central Bank and SWIFT Collaboration

Earlier this week, the Central Bank of the United Arab Emirates (UAE) revealed that it had been working cooperatively with SWIFT, an international provider of secure bank-to-bank messaging services. SWIFT and the UAE reserve bank are reportedly working an initiative that will improve the speed… Read More

GHL Systems to Offer Flexible Payment Options in ASEAN Region with Visa Instalments

GHL Systems has teamed up with payments giant Visa (NYSE:V) in order to become the first in the ASEAN region to offer Visa Instalments for customers using the eGHL Payment Gateway platform. Visa Instalments works by turning pre-approved issuer credit lines into installment payment options… Read More

Wirex Announces Addition of WXT to Ethereum

Digital payments platform Wirex announced on Thursday the migration of a fifth of its native token, the Wirex Token (WXT), from the Stellar Network to the Ethereum blockchain. Wirex reported that following the launch of WXT just two years ago, it will move 20% of the total… Read More

European Payments Specialist Banking Circle Reports Significant Rise in Transactions, Users After Acquiring License Last Year

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

North American Expansion: Paysend Now Offers Money Transfers from the U.S. to Canada

    Paysend, a UK-based global payments platform, announced on Wednesday it has expanded its services in North America by allowing money transfers from the U.S. to Canada. Paysend further revealed that the expansion will now allow U.S. residents to transfer funds to more than… Read More

Mastercard’s New Payments Index Reveals: Consumer Interest In Digital Payments Is Taking Off

  Mastercard announced on Tuesday the release of its Mastercard New Payments Index. According to Mastercard, the Index was conducted across 18 markets around the world and revealed that 93% of consumers will consider using at least one “emerging” payment method, such as cryptocurrency, biometrics,… Read More

Coinbase Now Allowing Users to Purchase Crypto With PayPal Accounts

  Coinbase (NASDAQ:COIN), the largest crypto exchange in the U.S., announced on Thursday  it is now allowing its customers to buy crypto on its platform using their debit cards and bank accounts linked to PayPal. The company revealed more details about the option by stating:… Read More

UK Fintech SumUp, a Digital Payments Provider, Appoints Johannes Schaback as New CTO, Effective May 1, 2021

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

Global Payments Group Trust Payments Set to Open New Office In Ireland

  Trust Payments, a global digital payments company, announced on Thursday it has expanded into Ireland, with the plans to open an office in Dublin city center. Founded in 1997, Trust Payments group power the online payments of some of the world’s most well-established companies,… Read More

Galileo Unveils Neobank Fortú to Serve the Latino Community

  Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi), announced on Thursday the launch of Fortú, a neobank serving the needs of the Latino community. According to Galileo,  Fortú is focused on building culturally contextual… Read More

DBS Teams Up With JPMorgan & Temasek to Launch Cross-Border Blockchain Payments Platform

DBS announced on Wednesday it has partnered with JPMorgan and Temasek to launch a cross-border payments platform, known as Partior. According to the trio, Partior aims “to disrupt the traditional cross-border payments ‘hub and spoke’ model,” which has notably caused common “pain points” such as… Read More

Branch, an Employer Payments Platform, and Card Issuance Platform Marqeta Share Latest on Payments Preferences for Gig Workers

Branch, an Employer Payments Platform, and global card issuing platform Marqeta have shared the findings from a study on the work and payments “preferences” of gig workers. Surveying more than 1,000 workers who began engaging in gig and 1099 work during the past six months,… Read More

GoCardless Unveils Open Banking Payment Product “Instant Bank Pay” to Offer Businesses With New One-Off Payment Alternative

  UK-based payments platform GoCardless announced on Tuesday the launch of its open banking payments product, Instant Bank Pay. According to GoCardless, merchants who use Instant Bank Pay may take instant, one-off bank-to-bank payments from new and existing customers while still having the benefits of bank… Read More

Digital Credit Card App VitraCash Raises Nearly £230,000 Through Equity Crowdfunding Campaign on Crowdcube

  VitraCash, a UK-based digital credit card app, has successfully raised nearly £230,000 through its equity crowdfunding campaign on Crowdcube. The funding round, which recently made its debut on the Crowdcube platform, originally sought to raise £50,000 and has already attracted more than 680 Crowdcube investors. VitraCash… Read More

Payments Platform Wirex Adds Location Information to Transactions in Partnership with Snowdrop

  Digital payments platform Wirex announced on Monday it has teamed up with Snowdrop Solutions to introduce location-enriched transaction services. According to Wirex, the service enables cardholders to readily see exactly where their transactions take place and provide a “greater level of transparency” for those transactions…. Read More

UK Cross-Border Payments Fintech Currencycloud Appoints Former Goldman Sachs Exec to Lead APAC Expansion

London-based Currencycloud, an established provider of B2B embedded cross-border solutions, recently revealed that it has launched an Asia Pacific (APAC) headquarters in Singapore. Currencycloud‘s new business office, based in Raffles Quay, will act as a hub to help the UK-headquartered Fintech with expanding operations across… Read More

WeWork Partners With BitPay & Coinbase to Offer Cryptocurrency as Form of Payment

WeWork, a U.S.-based flexible space provider, announced earlier this week is now accepting payment in select cryptocurrencies. The company is notably working with BitPay and Coinbase to utilize cryptocurrency for inbound and outbound transactions. Through BitPay, WeWork will accept Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos… Read More

Klarna Teams Up With Digital Platform Milkywire for “Give One” Initiative

    Payment processing and global retail banking platform Klarna announced on Friday it has teamed up with Milkywire, a new digital platform for enabling impact through grassroots NGOs, as its strategic partner for its Give One initiative. Klarna reported that as part of the program, it will… Read More

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