Tagged: digital payments

December 4, 2020 @ 2:15 pm By Samantha Hurst  |  

Virgin Money announced earlier this week it has formed a new API integration partnership with technology source platform Twenty7Tec. Through the collaboration, the duo will streamline the search and application process for intermediaries by removing the need to “re-key” data in multiple places. “The integration… Read More

December 3, 2020 @ 9:14 pm By Omar Faridi  |  

Yolt, a money management app, will now allow its debit card-holding customers to make payments through Apple Pay. The integration will let Yolt’s users complete digital payments via their iPhones or Apple Watches, instead of having to settle transactions with cash or their physical cards…. Read More

December 2, 2020 @ 9:33 pm By Omar Faridi  |  

Governments across the globe are always trying to create a balance between enabling or supporting tech advancements and innovation while preventing large companies such as Google (NASDAQ:GOOG) and Facebook (NASDAQ:FB) from unfairly using their dominant position to eliminate smaller competitors. India is reportedly planning to… Read More

December 2, 2020 @ 3:51 pm By Samantha Hurst  |  

  M1 Finance, a U.S.-based automated money management platform, announced on Tuesday the launch of its new “Smart Transfer” feature. According to M1 Finance, the feature automatically moves users’ money where and when they want it to help them reach their financial goals. “Completely customizable,… Read More

December 2, 2020 @ 11:58 am By Samantha Hurst  |  

    Nuvei, a global payment technology provider based in Canada, announced on Wednesday it has acquired Base Commerce, LLC, a provider of integrated payment solutions. According to Nuvei, Base was founded in 2008 and serves clients in a wide range of industries such as… Read More

December 2, 2020 @ 8:07 am By Samantha Hurst  |  

PingPong Payments, a payment service provider for e-commerce sellers, announced on Wednesday it has received its authorization as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Founded in 2015, PingPong stated that its mission of helping global… Read More

November 30, 2020 @ 11:36 am By Samantha Hurst  |  

  Digital payment service Google Pay has recently announced some changes it will be making in 2021. According to 9to5Google, Google Pay is set to discontinue its peer-to-peer payments on its web platform in the new year. “Starting early in 2021, you won’t be able… Read More

November 29, 2020 @ 11:20 pm By Omar Faridi  |  

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

November 27, 2020 @ 6:00 pm By Omar Faridi  |  

The National Payments Corporation of India (NPCI), an umbrella organization for handling retail payments and settlement systems in India, has decided to issue an additional 4.63% of its equity shares to 19 new investors. These investors now also include Fintech firms and payment system providers…. Read More

November 27, 2020 @ 4:14 pm By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, introduced PagoFX, its international payments application for UK customers, in April 2020. Santander’s TransferWise competitor PagoFX is now set to expand its coverage into Belgium. There will… Read More

November 27, 2020 @ 1:26 pm By Omar Faridi  |  

BTCPay Server, a self-hosted, open-source digital currency payment processor that claims to be secure, private, “censorship-resistant” and free to use, recently expanded its ability to bring Bitcoin’s (BTC) values to global digital commerce with a Shopify integration The BTCPay Server team, which is one of… Read More

November 27, 2020 @ 7:46 am By Omar Faridi  |  

Blockchain and Fintech advisor Efi Pylarinou notes that Stripe has been actively investing in many different startups — 22 and growing. Pylarinou writes in a blog post that Stripe is currently in the spotlight as the Fintech firm is ranked quite high based on several… Read More

November 26, 2020 @ 1:21 pm By Omar Faridi  |  

Fintech firm Stripe is reportedly planning an investment round so that its payment platform and business can be valued significantly higher than the $36 billion valuation it received during its last funding round. According to Bloomberg (which cited sources familiar with the matter), Stripe could… Read More

November 24, 2020 @ 7:48 am By Omar Faridi  |  

Capgemini has released a new report titled, Payments – Top Trends 2021: Drivers, Opportunities, and Risks Shaping Financial Services. While highlighting key Fintech trends in the payments sector, the extensive report noted that Payments-as-a-Service has gained significant “traction” among small- and mid-tier institutions. It added… Read More

November 23, 2020 @ 3:12 pm By Samantha Hurst  |  

Digital payments company Payoneer announced on fMonday the launch of its new payment orchestration platform that is dedicated to e-commerce merchants in North America. The company reported that following its optile acquisition, it is now integrating its offering into its core platform and expanding its… Read More

November 22, 2020 @ 10:44 pm By Samantha Hurst  |  

  Visa (NYSE:V) announced on Friday it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean. Visa reported that the acquisition is considered the first of its kind for financial giant in… Read More

November 22, 2020 @ 1:38 pm By Omar Faridi  |  

Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More

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