Tagged: global payments

Philippines: Personal Remittances Rise YoY in Sept 2023; First Three Quarters Level Reaches $27.24B

​Personal remittances from Overseas Filipinos (OFs) in September 2023 have reportedly “reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year.” The growth in personal remittances in September 2023 was driven “by increased remittances from 1) land-based workers… Read More

Mastercard, Riskified to Leverage Fraud Insights to Drive E-Commerce Revenue Growth

Riskified (NYSE:RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will improve the ability of businesses across the globe “to grow online revenues and profit while mitigating the risk of… Read More

Global Fintech Wise Shares Trading Update, Company Reports Solid Start to the Year with Steady Business Growth

Global Fintech Wise plc (LSE:WISE) has shared its latest Q1 FY24 trading update, noting that the firm is now off to a good start to the year “with continued strong customer growth.” As noted in a release, Wise reports the following key results: 33% YoY… Read More

Gig Economy Research Shared by Fintech PayQuicker Reveals Key Trends Impacting Future of Work

Key findings and insights from primary research on the evolution and growth of the gig economy workforce were released by the study’s supporter, PayQuicker, an innovative financial technology firm focused on the global payouts market. The research, conducted by gig economy experts Dr. Robert A. Peterson,… Read More

Payment Tech Firm Miura Launches Android Smart POS Payment Device

Global payment technology firm and mobile point-of-sale pioneer Miura Systems recently announced the launch of its new, elegantly designed, Miura Android Smart POS payment device. MASP reportedly “leverages the collaborative open-source world of Android to make application development and ongoing management simple, seamless and secure.”… Read More

Global Payments Fintech Airwallex Secures China Online Payment License

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

Mastercard, EazyPay to Enhance Online Checkout Experience

Mastercard (NYSE: MA), a technology firm focused on the global payments industry, has partnered with Bahrain’s fintech and payment service provider Eazy Financial Services (EazyPay) that will now be powered by Mastercard Payment Gateway Services (MPGS). MPGS is a trusted platform that “provides financial institutions… Read More

Episode Six, Immersve to Introduce “Decentralized” Scheme Payment Card

Episode Six, the global payments and banking infrastructure provider, and Immersve, a multichain payments protocol and Scheme card issuer, have announced a partnership “to facilitate Scheme payments directly from Web3 digital wallets.” This partnership “brings together Episode Six’s globally distributed issuer processing expertise and Immersve’s… Read More

Fintech Firm Rapyd Introduces Multi-Currency Treasury Platform

Rapyd, the fintech platform for global payments, payouts and business everywhere, has announced the launch of a multi-currency Treasury Solution, which is reportedly the “first of its kind” for the APAC area. This solution is described as a collection of cash management features/solutions that optimize… Read More

Banking Circle Is Reportedly Settling Over 10% of Europe’s B2C E-Commerce Flow

Banking Circle S.A. is set to help US payments providers expand out of the domestic market with low-cost and fast cross-border payments across 25 currencies. Underlining the momentum it has gained as an alternative to correspondent banking for cross-border payments, Banking Circle S.A. is “forecasting… Read More

InComm Payments Acquires The Card Network, a Gift Card Provider in Australia

InComm Payments, a global payments technology company, announced it has acquired The Card Network (TCN), an Australian-based gift card provider “known for its suite of creatively themed, multi-brand gift cards.” The acquisition “enhances InComm Payments’ ability to create personable gift card products that consumers seek,… Read More

BlueSnap, BitPay to Offer Cryptocurrency Acceptance, Payout Services

BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announced a partnership with BitPay, which claims to be the largest provider of Bitcoin and cryptocurrency payment services. This product partnership will “give businesses the ability to accept and get paid… Read More

WireFX, Monex USA to Offer Payments Capabilities to US Corporate Clients

WireFX is pleased to announce that it has selected Monex USA as a strategic partner “to provide global payment capabilities to its U.S. corporate clients. ” Through this partnership, WireFX clients will be able “to take advantage of Monex USA’s digital solutions for foreign exchange… Read More

Cross-Border Payment Group Zepz Reaches Profitability in H1 ’22

Zepz, the group making remittance payments fair, fast and affordable by powering global cross-border remittance brands WorldRemit and Sendwave, recently announced the 2021 financial results that will be “published in its upcoming Companies House Listing Annual Report as well as an H1 ‘22 performance update,… Read More

Payment Delays, Reconciliation Issues are Key Challenges Due to Supply Chain Disruptions: Accounts Payment (AP) Report

MineralTree, a Global Payments (NYSE: GPN) company and Accounts Payable (AP) and payment automation solution provider, recently released its seventh annual State of AP report. For the first time ever, MineralTree expanded its research “to include suppliers, reflecting the growing importance of vendor relationships to… Read More

Higlobe Acquires $14M to Eliminate Global Fund Transfer Fees for the Workforce

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

CIBC to Offer No-Fee Same-Day Cash Pick Up Abroad with Assistance from MoneyGram

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

Fintech Ripple Introduces Crypto-powered Enterprise Payments in Brazil

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

Cross-Border Payments Fintech LianLian Global to Expand Operations to the UK

LianLian Global, a cross-border payment service provider, announced the expansion of its cross-border digital payments platform to the UK, “with additional support for customers to secure financing through LianLian Global.” The LianLian Global cross-border digital payments platform is “designed to help UK ecommerce merchants and… Read More

UK Fintech Paysend Introduces 50 Additional Receiving Nations to Payments Network

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

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