Tagged: digital payments

April 6, 2023 @ 4:45 pm By Omar Faridi  |  

Finix recently launched a new payments solution designed “for tech-savvy merchants looking for a reliable provider to power payments acceptance at a competitive price.” At its inception, Finix chose “to serve the most complicated customers first: payment facilitators managing intricate funds flows.” Starting with the… Read More

April 2, 2023 @ 10:44 am By Omar Faridi  |  

Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with Effectiv, a fraud-fighting and compliance automation platform “to help financial institutions monitor transactions to detect and prevent payments fraud in real time.” Through the partnership, financial institutions using Pidgin’s faster… Read More

March 31, 2023 @ 11:17 am By Omar Faridi  |  

Billtrust, a B2B accounts receivable (AR) automation and digital payments Fintech, surpassed $100 billion in payments volume in 2022, a 35% year-over-year increase and a first for the company. In addition, with CFOs and finance leaders seeking to bolster their financial resilience amid an economic… Read More

March 29, 2023 @ 8:51 pm By Omar Faridi  |  

Remittances are not only a lifeline for millions of migrant workers and their families, they are also vitally important “for the prosperity of many developing economies around the world,” according to an update from Visa (NYSE: V). As the amount of global remittance inflows continues… Read More

March 22, 2023 @ 10:28 pm By Omar Faridi  |  

At Two, they’re working relentlessly to make B2B transactions as frictionless as consumer payments. Now they’re pleased to announce their €18 million Series A investment round. This brings our total capital raised “to €28 million, previously unannounced.” This funding round was “led by Shine Capital,… Read More

March 22, 2023 @ 10:27 pm By Omar Faridi  |  

KreditBee, which claims to be one of India’s leading fintech platforms, announced its partnership with PayU, a digital payments solution provider. Together, they offer customers the option “to convert their online purchases worth between ₹2400 up to ₹2 lakhs into easy cardless EMIs during checkout.”… Read More

March 21, 2023 @ 9:13 pm By Omar Faridi  |  

There’s new regulation requiring individuals using digital payment apps to report their earnings – over $600 – directly to the IRS. This change significantly impacts business owners, side hustlers, and gig economy workers. These individuals must file Form 1099-K, creating an extra step during tax… Read More

March 16, 2023 @ 7:33 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced OpenAI has chosen Stripe to power payments as it “moves to commercialize its groundbreaking ChatGPT and DALL·E generative AI technologies.” Stripe is also “incorporating OpenAI’s new natural language technology, GPT-4, into its products and services.” Peter Welinder,… Read More

March 15, 2023 @ 7:11 pm By Omar Faridi  |  

Wirex, a crypto payments platform, has partnered with card issuer, Novatti, to directly issue cards to Australians. The announcement has the potential “to allow over 20 million people to utilize their innovative multicurrency card every day.” Wirex claims that it “developed the world’s first crypto-enabled… Read More

March 12, 2023 @ 6:28 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments and digital payment software solutions, and Security Bank Corporation, a universal bank in Philippines, announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities. The partnership will… Read More

March 10, 2023 @ 5:39 pm By Omar Faridi  |  

Nationwide Building Society has selected Accenture (NYSE: ACN) and Form3 to transform its digital payments infrastructure through the adoption of “a cloud native platform, aiming to enhance the customer experience with seamless, secure and fast transactions.” As digital payments continue to grow, the cost-efficient solution… Read More

March 8, 2023 @ 10:34 pm By Omar Faridi  |  

Onbe, a corporate disbursements platform, published its 2023 Future of Payments Survey, finding that digital payments continue “to drive US consumer preferences in today’s connected economy.” 70% of respondents prefer “to receive payments digitally and 73% prefer to shop and pay with digital methods, including… Read More

March 8, 2023 @ 10:02 am By Omar Faridi  |  

Global payments and financial platform Airwallex has secured a payment business license in China, following the successful acquisition of “a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company. Shang Wu Tong Network Technology has a… Read More

March 7, 2023 @ 10:17 pm By Omar Faridi  |  

AsiaPay, a provider of digital payment solutions in the Asia Pacific, has launched Visa Instalments in Hong Kong and will further extend to Southeast Asia to provide merchants more flexible payment options and enhance the purchase experience of consumers. Leading a new trend in credit… Read More

March 7, 2023 @ 7:07 am By Omar Faridi  |  

Mastercard (NYSE: MA), a technology company in the global payments industry, has collaborated with Google in order “to launch Google Pay in Kuwait, strengthening digital payment capabilities in the country.” Cardholders can tap to pay “with their Android phones or supported Wear OS devices in… Read More

March 2, 2023 @ 8:36 pm By Omar Faridi  |  

Kriya Payments is now available in 42 countries. This means buyers worldwide can “take advantage of flexible payment terms, feeling more secure about their cash flow.” General Manager, Martina Trifonova, has commented on the thinking behind the decision was, what the team learned in the… Read More

March 2, 2023 @ 11:21 am By Omar Faridi  |  

Aventus, a Web3 solutions provider for enterprises, has partnered with Nexos Technologies, a digital payments and banking platform providing open banking and payment solutions, in order “to bring blockchain-enabled solutions to the digital banking and payments sector.” Nexos Technologies has deep domain expertise “in traditional… Read More

February 28, 2023 @ 10:33 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced its strategic acquisition of Zecpe, a one-click checkout company. Zecpe enables e-commerce businesses “to improve checkout conversion by making the process quick and seamless for customers.” Zecpe will now “operate as a wholly-owned subsidiary of Cashfree… Read More

February 28, 2023 @ 8:03 am By Omar Faridi  |  

Pagos, a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud,  announced an oversubscribed $34 million Series A investment led by Arbor Ventures, a global fintech-focused venture firm. Additional participating investors “include Point… Read More

February 17, 2023 @ 12:17 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) announced new offers aimed “to help small and micro businesses (SMBs) accept digital payments, fine-tune their essential systems and save on the technology needed to grow and build business resilience.” With Visa SavingsEdge, eligible Visa Small Business cardholders can “unlock automatic… Read More