Tagged: digital payments

May 27, 2020 @ 7:27 am By Omar Faridi  |  

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing measures, following the COVID-19 outbreak. As noted in a release shared with CI, SumUp’s latest solution is part of the Fintech firm’s efforts to enter… Read More

May 26, 2020 @ 11:45 pm By Omar Faridi  |  

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O… Read More

May 26, 2020 @ 11:21 pm By Omar Faridi  |  

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and services, and taxes. The company’s electronic wallet may also be used to send money to friends and family members. There’s an… Read More

May 25, 2020 @ 8:16 am By Omar Faridi  |  

Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnessed a significant increase in UK businesses that are now ready to accept payment cards. The lender notes that 70% of local… Read More

May 25, 2020 @ 1:03 am By Omar Faridi  |  

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop solutions for startups and SMEs that will help them improve their overall productivity and efficiency. Businesses will be able to… Read More

May 23, 2020 @ 2:54 pm By Omar Faridi  |  

We recently talked to Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio based in New York. Before joining ConsenSys, Sokolin was the Global Director of Fintech Strategy at Autonomous Research, a firm that was eventually acquired by… Read More

May 21, 2020 @ 11:25 pm By Omar Faridi  |  

  Bahrain’s residents have been using mobile and digital payments platforms a lot more now than they were before the COVID-19 outbreak. Safe distancing measures have been introduced throughout the Kingdom, in order to prevent the further spread of the Coronavirus. There are currently 7,888… Read More

May 21, 2020 @ 5:51 pm By Omar Faridi  |  

Argentina-based Fintech firm Koibanx has maintained operations in the Latin American region, well before the COVID-19 outbreak led to major changes in the daily lives of the area’s residents. Despite the economic challenges associated with expanding a business during these difficult times, Koibanx is planning… Read More

May 20, 2020 @ 2:30 pm By Omar Faridi  |  

The economic downturn due to the Coronavirus (COVID-19) has led to small businesses re-evaluating their operations and business plans, in order to survive during these challenging times. Fintech firms and digital banks have been forced to lay off their employees as they try to cut… Read More

May 19, 2020 @ 7:42 pm By Omar Faridi  |  

The Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation, has revealed that it’s planning to change its branch network strategy, following the COVID-19 outbreak. OCBC, which is notably Singapore’s second-largest bank, claimed during its virtual annual general meeting… Read More

May 19, 2020 @ 12:42 am By Omar Faridi  |  

JCB, which is Japan’s largest credit card issuer, has teamed up with Tokyo-based TECHFUND, a leading technology accelerator, in order to develop a sustainable blockchain-powered transaction system. As noted in a May 15 announcement, the partnership will involve leveraging TECHFUND’s expertise on cryptocurrency staking and… Read More

May 18, 2020 @ 11:33 pm By Omar Faridi  |  

The Fintech sector will get stronger due to the COVID-19 outbreak, as more consumers begin using digital payments platforms and also as more people start working remotely, according to a new report from the Dubai Future Foundation (DFF). The report noted: “This sector will successfully… Read More

May 17, 2020 @ 11:49 pm By Omar Faridi  |  

Ripple company partner and investor, SBI Holdings, is planning to integrate the Fintech firm’s technology, in order to process transactions via ATMs throughout Japan. SBI’s management noted in its recent financial report that it will integrate the Ripple technology-based settlements solution, MoneyTap, with ATMs operated… Read More

May 17, 2020 @ 10:58 am By Omar Faridi  |  

Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector. The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space. EedenBull’s management… Read More

May 15, 2020 @ 9:44 am By Omar Faridi  |  

Oxygen, a digital banking platform focused on serving freelancers, gig economy workers, and SMEs, has introduced a virtual banking solution that has been built to offer flexible financial services to millions of US professionals who have multiple income streams, contract work, or freelance working arrangements…. Read More

May 14, 2020 @ 9:04 am By Samantha Hurst  |  

Cryptocurrency payments processor CoinPayments announced on Wednesday it has appointed Jason Butcher as its new CEO. CoinPayment reported that Butcher has been its Chief Operating Officer since 2017, and previously as an advisor starting in 2015, helped boost CoinPayments’ monthly transactions to more than $100… Read More

May 13, 2020 @ 9:42 pm By Omar Faridi  |  

Brazil-based online wallet provider PicPay recently revealed that it has surpassed 20 million clients as of May 2020. As reported by Reuters, the company said that it achieved the milestone sooner than it had initially expected. PicPay was aiming to hit the goal by December… Read More

May 11, 2020 @ 9:57 pm By Omar Faridi  |  

India-based digital bank RazorPay announced on May 11, 2020 that it’s planning to recruit more staff members for key positions across its engineering and product design teams. As previously reported, the banking challenger had revealed that there had been a significant increase in the number… Read More

May 10, 2020 @ 6:22 pm By Omar Faridi  |  

PT Cashlez Worldwide Indonesia, which is reportedly the nation’s first Fintech payment company to be publicly listed, saw its share price increase from Rp 350 (appr. $0.23) to Rp 384 within minutes after trading began on the Indonesia Stock Exchange (IDX). Cashlez said it will… Read More

May 10, 2020 @ 1:32 pm By Omar Faridi  |  

Paytm Payments Bank, a new type of bank, licensed by the Reserve Bank of India (RBI) as a payments service provider, recently revealed that it has surpassed INR 600 Crores (appr. $79.4 million) in fixed deposit (FD) accounts, which have been maintained through a partnership… Read More