Tagged: digital transactions

July 26, 2023 @ 8:43 pm By Omar Faridi  |  

  Travis Everett, Chief Operating Officer (COO) of National Merchants Association (NMA), has shared key insights with Crowdfund Insider on FedNow, the new instant payments and transfer service offered by the US Federal Reserve. The new service became operational this past week, with 35 financial… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 25, 2023 @ 10:17 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP) reports that personal remittances from Overseas Filipinos (OFs) reportedly “reached US$2.78 billion in May 2023, higher by 2.9 percent than the $2.70 billion registered in the same month last year.” The increase in personal remittances in May 2023 was “due… Read More

July 25, 2023 @ 7:24 am By Omar Faridi  |  

Freebirds World Burrito, home of Texas’ “No. 1” Burrito, has partnered with DailyPay– the provider of on-demand pay. As a “best-in-class” employer, Freebirds World Burrito continues “to improve its employee benefits package in an effort to prioritize employee happiness, adding the financial wellness benefit of… Read More

July 24, 2023 @ 5:26 pm By Omar Faridi  |  

Cashflows, the platform that makes it easy for merchants to accept payments, recently launched its new cloud-based in-person payments (Point of Sale) solution. The platform is designed “for merchants, Independent Sales Organizations (ISOs), and Independent Software Vendors (ISVs) that want to offer merchants in all… Read More

July 23, 2023 @ 11:38 pm By Omar Faridi  |  

dLocal has reportedly been licensed by Brazil’s central bank to serve as a payments institution in the South American country. This license, roughly equivalent to the European e-money issuer license, “allows dLocal to accept deposits from the public, manage e-wallets, and participate directly in Brazil’s… Read More

July 23, 2023 @ 11:35 pm By Omar Faridi  |  

Flash, Egypt’s cashless payments app, completed a $6 million seed round led by Addition along with participation from Flourish Ventures and other angel investors. This funding from the investment round will be used “to accelerate the startup’s product development and customer & business acquisition in… Read More

July 23, 2023 @ 5:33 pm By Omar Faridi  |  

Primer, the payments automation platform offering the infrastructure for effortless commerce experiences, today announces its new partnership with Volt, the company building the global infrastructure for real-time payments, “enabling access to instant bank payments to Primer’s customers.” The tough economic climate in the UK, “driven… Read More

July 20, 2023 @ 10:53 pm By Omar Faridi  |  

Finaro, the global cross-border payment provider, and UK payments specialist and payment initiation service provider Acquired.com, announced a partnership that will enable Acquired.com (a member of the Quint Group) “to offer its customers Finaro’s tailor-made brilliantly simple acquiring services.” Through this collaboration, Acquired.com customers will… Read More

July 18, 2023 @ 8:19 am By Omar Faridi  |  

Remington Hospitality, a hotel management company, announced its partnership with DailyPay, the leading provider of on-demand pay. With DailyPay, Remington Hospitality employees have “access to their earned pay as they earn it.” This critical financial wellness benefit “provides the employees with the power of choice… Read More

July 17, 2023 @ 11:53 pm By Omar Faridi  |  

Institutions face unique challenges when it comes to executing digital asset transactions efficiently, according to an update from Talos. The digital asset market is “highly fragmented” across numerous exchanges, platforms and dealers globally. At Talos, they are committed “to simplifying institutional adoption of digital assets,… Read More

July 15, 2023 @ 10:26 am By Omar Faridi  |  

Car IQ Inc., which claims to be a pioneer in vehicle payments, has reportedly teamed up with Visa (NYSE: V), a world leader in digital payments, in order “to enable vehicles to transact directly with Visa’s global ecosystem of merchants and banks, and purchase fuel,… Read More

July 13, 2023 @ 12:30 pm By Omar Faridi  |  

Brazil’s CBDC (or central bank digital currency) codebase could potentially freeze or even reduce funds. This, according to an analysis by a blockchain developer. According to a reports, a blockchain/DLT developer found certain functions that could potentially allow a centralized entity to freeze payments or… Read More

July 13, 2023 @ 7:44 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on emerging payments, have found that the value of payment transactions powered by stablecoins “will exceed $187 billion globally by 2028, up from $53 billion in 2023.” The study found that stablecoins are “making rapid progress in… Read More

July 12, 2023 @ 1:25 pm By Omar Faridi  |  

EBANX, a global fintech specializing in payments for rising markets, and Nubank, one of the world’s largest digital financial services platforms, announced a partnership to offer a new alternative payment method for international purchases, NuPay, a payment method developed by Nubank (NYSE: NU). The partnership… Read More

July 11, 2023 @ 11:22 am By Omar Faridi  |  

RTGS.global, the Financial Market Infrastructure (FMI) streamlining cross-border settlements, has signed “landmark” pilot agreements with two innovative banks as momentum builds in emerging markets for its settlement service. MDO Humo in Tajikistan and Credo Bank in Georgia are the progressive institutions that will run pilots… Read More

July 8, 2023 @ 11:33 am By Omar Faridi  |  

Printemps, the French luxury department store, announced the integration of Alipay+, a suite of global cross-border digital payment and marketing solutions, in order “to offer Asian consumers a convenient and seamless checkout experience with their home e-wallets.” Through a simple integration, Kakao Pay and AlipayHK… Read More

July 6, 2023 @ 10:07 pm By Omar Faridi  |  

DBS (SGX:D05) announced it is one of the first foreign banks in China to launch an e-CNY merchant collection solution and complete an e-CNY transaction for a client. The solution empowers corporate clients of DBS China “to collect payments from their customers in e-CNY, China’s… Read More

July 1, 2023 @ 7:11 pm By Omar Faridi  |  

The Washington Wizards, Washington Capitals, and Capital One Arena have partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to arena and team employees. As part of the partnership, DailyPay will be designated “as the official ‘On-Demand Pay Partner’ for the Washington… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More