Tagged: mobile payments

State Bank of Pakistan Instructs Financial Institutions to Create Chief Digital Officer Role, Offer Better Support for Internet Banking

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

SwipeStation to Close Latest Seedrs Round With More Than £565,000 Raised

SwipeStation, a click and collect service that allows users to create an order from anywhere in sports stadiums, is set to close its latest equity crowdfunding campaign on Seedrs with more than £565,000. The funding round launched in January with a mission to raise a… Read More

Bulgarians can Now Send and Receive Money “Instantly for Free” with Settle, Co-Founder at Management Financial Group Confirms

Stanimir Vassilev, Co-Founder at Management Financial Group (MFG), reveals that Settle is now live in Bulgaria. Vassilev confirmed that Bulgarians are now able to send and receive money “instantly for free” with this new Fintech app that requires “no top-up.” He also mentioned that local… Read More

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base… Read More

Update: SwipeStation’s Latest Crowdfunding Campaign Raises More Than £515,000 During Final Week on Seedrs

  SwipeStation, a click and collect service that allows users to create an order from anywhere in sports stadiums, has successfully secured more than £515,000 through its latest equity crowdfunding campaign on Seedrs. The funding round, which originally set out to raise £250,000, has already… Read More

Overfunding: Stadium Industry Mobile Payment Provider SwipeStation Quickly Surpasses £250,000 Funding Target Through Seedrs Round

  Less than three years after raising £644,768 Through its previous equity crowdfunding campaign on Seedrs, SwipeStation, a click and collect service that allows users to create an order from anywhere in sports stadiums, has returned to the funding platform and quickly surpasses £250,000 investment… Read More

Mobile Payments App Venmo to Provide Merchants Ways to Reach Highly Social Millennials via its Social Feed, Rewards, Payouts

The team at Venmo, a mobile payment service created by PayPal, notes that their platform began as a social peer-to-peer payments tool for friends and family members to split their meal or share an “unforgettable experience.” The Venmo team confirms that several years ago, they… Read More

Mobile Financial Services Provider Wave Money Facilitated $8.7 Billion in Transfers in 2020, following COVID-19 Outbreak

Myanmar-based Wave Money, a mobile financial services provider, facilitated 12 trillion Myanmar kyat (appr. $ 8.7 billion) in total transactions during 2020 as the country’s residents increasingly began using digital financial services following the COVID-19 outbreak. Wave Money confirmed that these transaction volumes were nearly… Read More

Mobile Payments in Switzerland are Becoming More Widely Adopted due to Permanent Changes in Consumer Behavior: Study

Mobile payments adoption in Switzerland had not really picked up when compared to some other markets, however, this has changed during the past couple years, according to a study by the Lucerne University of Applied Sciences. Recent data shows that 40% of the Swiss population… Read More

PayPal’s Mobile Payment Service Venmo Launches Check Cashing Feature & Waives Fees For Stimulus Paper Checks

  Venmo, a mobile payment service created by PayPal, announced on Monday the launch of its new check-cashing feature.  According to Venmo, Cash a Check enables the service’s community to access a “quick, easy, and secure” way to cash paper checks. The feature will also… Read More

Digital Transformation: Chinese Consumers are Increasingly Using Smartphones to Make Payments as Thousands of Bank Branches have Shut Down

The long lines in front of ATM machines have now become a rare sight as Chinese consumers are increasingly using their smartphones to complete transactions, instead of making cash payments, according to a report from China Daily. Many people claim they can’t even recall when… Read More

French Mobile Payments Firm Lydia Acquires $86 Million in Additional Funding as Part of Series B Round

French mobile payments firm Lydia has extended its Series B investment round, raising an additional $86 million in capital led by Accel. Lydia’s total Series B funding currently stands at €131 million, which reportedly makes it the largest round ever closed by a French Fintech… Read More

Slide Mobile Payments Announces Expansion of Checkout Options; Now Including Crypto Through BitPay

BitPay announced on Tuesday that mobile payments app Slide Mobile Payments is adding cryptocurrency as a payment option using the digital currency platform. Slide, which was notably created by PayPal-backed company Raise Marketplace and launched earlier this year, claims to be the only mobile payment… Read More

Argentina based Fintech Firm Ualá to Offer Mobile Payments Services to Small Businesses 

Argentina-based Fintech firm Ualá will be offering mobile payments services to small businesses. Ualá is backed by major investors such as George Soros, Steve Cohen, and Tencent Holdings Ltd. The company confirmed that it will be expanding its operations into merchant services in Argentina. Ualá… Read More

Italian Mobile Payments Firm Satispay Secures €93 Million from Share Sale to Square, Tencent, Others

Italian mobile payments firm Satispay has secured €93 million (appr. $110.5 million) in capital from a share sale to several different investors which includes payments company Square (NYSE:SQ), tech giant Tencent (HKG: 0700), LGT Lightstone and TIM Ventures. Satispay’s investment round consisted of €68 million… Read More

Founder of LoopPay, now Samsung Pay, Introduces Fintech Solution for Contactless Payments

Will Graylin, an experienced tech entrepreneur and Founder of LoopPay (now Samsung Pay), has introduced a Fintech solution, called OV Valet – which is a secure Superkey and companion digital wallet app that supports touchless or contactless payments “at 94% of POS terminals.” As mentioned… Read More

Mark Smargon: CEO at Israeli Fintech Fuse.io Wants to Offer Non-Custodial, Open-Source Payments Services with WeChat level User Experience

We recently caught up with Mark Smargon, CEO of Fuse.io, a Fintech company that aims to connect everyday payments to the blockchain without compromising on user experience. Fuse.io is focused on leveraging the latest decentralized finance (DeFi) infrastructure to offer a unique platform to businesses… Read More

French Mobile Payments Firm Lydia Selects Tink as its Open Banking Partner

French Paytech firm Lydia has teamed up with Tink in order to enable Open Banking connectivity. Lydia’s mobile payment app will be using Tink’s open banking tech to access PSD2 APIs across Europe. Tink and Lydia will be working cooperatively to improve bank account connectivity… Read More

UK Fintech JudoPay Partners Mastercard to Support Adoption of Touch-Free or Contactless Payments

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

Over 75% of Malaysian Businesses are Now Using Fintech Products, including Mobile Payments, Digital Wallets: Survey

More than 75% of Malaysia based businesses are now using at least one Fintech-related product or service since the past year, according to a recent survey released by CPA Australia, an established accounting firm. Mobile payments and digital or online wallets are the most widely-used… Read More

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