Tagged: mobile payments

Igal Rotem: Founder of Fintech Credorax Discusses Business Continuity Plans During COVID-19 Crisis

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

The Fintech Sector Will Become Even Stronger After COVID-19, According to New Report from Dubai

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

Bengaluru-based Digital Bank RazorPay Reports “Tremendous Adoption” of Fintech and Virtual Payments Due to COVID-19

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

Digital Banking Apps in the US Experience 60% Increase in Downloads, 17% Revenue Growth in Past Month Due to COVID-19: Report

San Francisco-based AppsFlyer, a software-as-a-service (SaaS) mobile marketing analytics and attribution platform, reports a 22% increase in in-app purchases during the past two weeks. This, as US residents have begun to rely even more on their mobile devices while being stuck at home due to… Read More

Contactless Payments: German Fintech Firms CCV Group, Intertrust, Riscure, Rubean to Create Hardware-Free Mobile Point of Sale System

A group of Fintech firms are planning to create a hardware-free mobile point-of-sale (mPOS) system. The mobile-based payments system will process contactless payments made from Android devices. Germany-based Fintech companies CCV Group, Intertrust, Riscure, and Rubean have reportedly been working on the PhonePOS concept, in… Read More

U.S. Fintech HUMBL Teams Up With One Kiosk to Pilot HUMBL Mobile Pay, HUMBL Point-of-Sale, & HUMBL Hubs Delivery Network in Nigeria

HUMBL, a U.S. fintech that delivers mobile payments and financial services, announced on Monday it has teamed up with One Kiosk, a Nigeria fintech specializing in local merchant ordering and deliveries, to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs delivery network,… Read More

UK Fintech SumUp to Waive Fees Charged on Mobile Payments Platform to Help Businesses Suffering Due to Coronavirus

UK-based Fintech firm SumUp has decided to waive the fees charged on its mobile payments platform, allowing retailers to settle transactions remotely through their devices by sharing a link through WhatsApp, SMS messaging, or email. As noted by SumUp’s management, all fees will be waived… Read More

7-Eleven Teams Up With U.S. Fintech Arcus to Launch New Payment Solution

Arcus, a U.S.-based fintech platform, announced on Monday it has formed a partnership with global retail chain 7-Eleven to introduce a suite of payment solutions to its mobile app to focus on “cash-centric” consumers. Through the partnership, 7-Eleven is using Arcus’ technology to power an… Read More

Mobile Payments Company Paga Partners with Visa to Accelerate Payment Solutions

Mobile payments company Paga earlier this week it has formed a partnership with Visa to accelerate its payment solutions. According to Paga, the Visa partnership is in line with Visa’s goal to drive alternative payment channels, such as mobile wallets, within its global ecosystem. The… Read More

Payoneer Teams Up with JazzCash to Allow Pakistani Freelancers to Easily Withdraw International Payments

It seems like there’s some good news finally for freelancers based in Pakistan. Global payments company Payoneer has teamed up with local firm JazzCash, a mobile payment provider, in order to allow Pakistani residents to receive funds from their Payoneer accounts directly into their JazzCash… Read More

OG Bank and OG Pay Team Up with Banking as a Service Provider, Bankable, to Offer Digital Banking in the UK and Germany

A Dubai-headquartered Fintech firm focused on providing payment processing services will be launching OG Bank and OG Pay (On the Go), an online banking platform, chat-based digital payment wallet and an online point-of-sale (PoS) system – which will all be accessible and managed from mobile… Read More

Chinese Payments Giant Alipay Launches New Prepaid Card Service for International Visitors

Hangzhou-based Alipay, a company that provides a mobile and online payments platform, has introduced a new prepaid card service for people visiting China. The card is reportedly supported by the Bank of Shanghai. The company’s announcement noted: “We heard you. You want to use Alipay… Read More

Wirecard Teams Up With NK Department Stores to Accept Chinese Mobile Payment Methods

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has teamed up with NK department stores to accept Chinese mobile payment methods. According to Wirecard, NK welcomes over 9 million visitors annually to its luxury stores in Stockholm and Gothenburg. The… Read More

Kroger Launches New Mobile Payment Solution & Rewards Debit Card

The Kroger Co. (NYSE: KR) announced on Wednesday it is introducing Kroger Pay, which is described as a mobile payment solution that securely combines a customer’s payment and loyalty card information to create a faster checkout experience. The company reported it is also launching a new… Read More

India-Based Payments App Tez Rebrands to Google Pay Nearly One Year After Launch

Tez, an India-based mobile payments app, announced earlier this week it has rebranded to Google Pay. The rebranding comes nearly one year after Tez made its debut. Since launching in September 2017, Tez has reportedly attracted more than 22 million people and businesses, who use… Read More

Payments & Loyalty App Yogo Surpasses One Million Users

Yoyo, a mobile payment and marketing platform, announced on Wednesday it has surpassed one million users and claims to be one of the fastest growing fintech startups in Europe. Founded in 2013, Yoyo describes itself as the fastest growing mobile wallet in Europe. For shoppers, it is an… Read More

German Fintecher Cringle Returns to Companisto for Second Equity Crowdfunding Campaign

Cringle has returned to Companisto for its second equity crowdfunding round, aiming to raise 600,000€ for 9.09% equity offered.  The campaign has quickly raised over 61,000€ from more than 83 investors in the first day of its campaign for the company now valued at 6M€…. Read More

Visa Invests in Swedish Fintech Unicorn Klarna

This week, it was announced that Visa was purchasing a stake in Swedish fintech company Klarna. Details of the deal were not released, but numerous sources report that Klarna will be issuing a new series of equity following the deal. E-commerce Payments Solution Klarna, which was… Read More

Circle Launches Free Cross-Border Mobile Payments Based on Blockchain

Circle, a Blockchain based Fintech startup backed by Goldman Sachs, announced recently it was launching its mobile payments solution to the US, UK, and Europe, which will allow people to transfer money across countries without any fees instantly. Free and Instant Cross-Border Payments Blockchain is the… Read More

Malaysia Fintech Firm Soft Space Raises US $5 Million From Japan’s Transcosmos

Malaysia Fintech firm Soft Space, which offers mobile payment solutions, announced it has secured US $5 million in funding from Japanese e-commerce company Transcosmos Inc. Mobile POS and E-Commerce Soft Space offers mobile point-of-sale services for small and large merchants in Malaysia and other parts of Southeast Asia…. Read More

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