Tagged: instant payments

Fintech Innovations like Open Banking, CBDCs, Stablecoins, Instant Payments Are Transforming Financial Services Sector: Report

Juniper Research specializes in identifying and appraising new high-growth market sectors within the digital ecosystem. They provide market research covering 90 technology markets. Their research reports form the basis on which their analysts make various predictions. As noted in an update shared by Juniper Research,… Read More

Xapo Bank, Lightspark to Support Fast Bitcoin Payments via Lightning Network Integration

Xapo Bank, a Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network “to enable lightning-fast Bitcoin payments for its customers.” Xapo Bank members “can now instantly pay for small purchases of up to $100 USD at any vendor… Read More

Astra’s Instant Disbursement Solution Powered by Cross River, Visa Direct Surpasses $100MM of Annualized Gross Payment Volume

Astra, the automation platform for money movement, announced the success of its Instant Payment solution leveraging the Visa Direct network. Through a strategic partnership with Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, Astra provides first-of-its-kind infrastructure “that enables fintech developers… Read More

UK Fintech Nucleus365 Introduces European Instant Payments

Nucleus365, a UK-headquartered payment institution providing a centralized platform for international payment processing, FX, and connected banking, has introduced Rapid Transfer payment options for its European merchants. Rapid Transfer enables clients to pay merchants instantly using their online banking details, offering same-day settlements of funds…. Read More

India’s Cashfree Payments Enables eUPP to Provide Educational Institutions with Secure Payments for Parents, Students

Cashfree Payments, India’s leading payments and API banking solutions company, is enabling eUPP (eLite Unified Payment Platform), a fee payment management system for schools and colleges, “to offer an instant and secure fee payments experience for end users.” Currently, through this partnership, “more than 500… Read More

Matera Brings Instant Payments, QR Code Payment Solutions to US Market

Matera, maker of world-class instant payment and QR code technology for financial institutions, announced its move into the U.S. “with new headquarters in San Francisco.” The expansion comes amid adoption of Pix, the instant payment system “implemented by the Central Bank of Brazil in 2020… Read More

Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution

Marqeta (NASDAQ: MQ) has reportedly integrated Mastercard Track™ Instant Pay, which is described as a next-generation virtual card solution that “uses machine learning and straight-through processing to enable instant payment of supplier invoices.” Marqeta says it will “become the first processor to integrate with Track… Read More

Instant Payments Volume Set to Increase by 289% by 2027, New Report Reveals

Instant payments, also called real-time payments, are a form of electronic payment “that is available 24/7/365, with the payment processed and funds made available tothe recipient instantly.” the team at Juniper Research explains. However, there is “not a singularly accepted definition of instant payments, with… Read More

UK Fintech Paysend Introduces Remittance Solution to Drive Financial Inclusion in Northern Central America

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

Paysend Supports Instant Cross-Border Payments to 25 Countries for $1

Paysend, the UK-based Fintech with over 7 million customers, announces the launch of Instant Account Payments, which give consumers and businesses the ability “to send instant cross-border payments of up to $100,000 to accounts for just $1 per payment.” Users can quickly connect to Paysend’s… Read More

DailyPay Introduces GPR Card and Mobile App, Supporting Instant On-Demand Pay Transfers

DailyPay, a financial technology company, recently announced the launch of Friday, a  general purpose reloadable (GPR) prepaid card and app, which “unlocks instant no-fee on-demand pay transfers for DailyPay users.” Friday, created in partnership with Visa, the digital payments giant, and The Bancorp Bank, Member… Read More

Zimpler, Gigapay to Offer Instant Payouts for Digital Content Creators

Zimpler, a Fintech company based in Sweden, has partnered with Fintech startup Gigapay in order to offer content creators with a seamless payout management system. Gigapay was reportedly the first to accommodate freelancers without a registered firm and now thanks to their collaboration with Zimpler,… Read More

Fintech TrueLayer Supports Instant Payments for Digital Commerce SMBs with WooCommerce Plugin

TrueLayer, which claims to be Europe’s leading open banking platform, announced the availability of TrueLayer Payments for WooCommerce plugin, “enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website.” Luxury watch retailer BQ Watches is one of “the first businesses to implement… Read More

Jack Henry, Victor Technologies, MVB Bank to Offer Faster Payments Capabilities

Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced that Victor Technologies, Inc. is “working with the company to advance its instant payments strategy.” A subsidiary of MVB Edge Ventures, Inc., and part of the MVB Bank, Inc. family, Victor helps banks “manage fintech partnerships and… Read More

Synch Payments Appoints Nexi to Provide Tech Platform for Ireland’s Instant Mobile Payments Service

Synch Payments, the Irish instant mobile payments provider, recently announced that it has entered into an agreement with European Paytech Nexi as its platform and service provider to help bring the Synch proposition to Irish clients. Synch has reportedly obtained authorization from the Competition and… Read More

Instant Payments Now in Focus as P27 Nears Testing Phase with Swish Banks

Instant payments are at “the top” of P27’s agenda. And more than a dozen banks connected to Swedish instant payments solution Swish are “set to test the Nordic payments platform by the end of the year.” Customer Relations Director Jacob Groth said: “We’re doing everything… Read More

Instant Payments: Sweden Completes Initial Phase of Migration to TIPS

Sveriges Riksbank has successfully completed the initial phase of the migration to TARGET Instant Payment Settlement (TIPS). As noted in the announcement, this paves the way for “the instant settlement of payments in Swedish kronor in TIPS.” The first phase included establishing “a connection between… Read More

TrustPay Introduces Sepa Instant Payments

TrustPay, a European provider of acquiring services and online payments solutions, has reportedly introduced Single Euro Payments Area (Sepa) instant payments – Euro transactions processed within a few seconds, regardless of time and day of the week it may be. The launch should  offer TrustPay’s… Read More

FedNow Service Pilot Achieves Message Delivery Milestone, Adds New Participants

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

EBA CLEARING, SWIFT, The Clearing House to Offer Pilot Service for Faster Cross-Border Payments

EBA CLEARING, SWIFT and The Clearing House (TCH) announced that they intend to introduce a pilot service for “immediate” cross-border (IXB) payments “with the support of banks from both sides of the Atlantic.” The pilot service “is scheduled to begin by the end of this… Read More

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