Tagged: online payments

Bengaluru-based Digital Bank RazorPay Introduces Instant Refunds to Enhance Customers’ Digital Payments Experience

Bengaluru-headquartered Razorpay, a digital bank startup, has introduced its Instant Refunds product, which aims to enhance its clients’ online payments experience. The newly-launched feature activates refunds and credits the user’s source account across several different payment methods including credit cards, net banking and UPI within… Read More

India’s Amazon Pay Receives $19.3 Million Capital Injection from Singapore and Mauritius-based Parent Entities

Amazon Pay in India has received a capital injection of INR 13.5 billion (appr. $19.3 million) from its Singapore and Mauritius-headquartered parent entities, according to a filing with the registrar of companies (RoC). As noted in the financial documents available on business intelligence and information… Read More

Over 60% of United Arab Emirates’ Adult Working Population Is Still Not Using Modern Financial Services: Report

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The global payments industry is evolving rapidly and will only be developing faster in the coming years according to several reports. From digital transformation efforts to the increasing competition among Fintech firms to innovate, it is becoming more important for companies to upgrade their tech… Read More

PayU Consolidates India Credit Offering By Merging LazyPay & PaySense

Global online payment service provider PayU announced on Friday it is merging consumer lending business LazyPay and digital credit platform PaySense to build a full-stack digital lending platform in India. PayU reported it will acquire a controlling stake in PaySense and all its assets at… Read More

US-based Companies Still Using Slow, Inefficient Paper Checks to Settle B2B Payments: Report

Companies might think that they have to spend more money to generate more revenue, however, many are reportedly spending a lot more than what’s required in order to keep their accounts payable (AP) departments operational. Paper checks are still the main method through which American… Read More

Reserve Bank of India, the RBI, Might Provide Fintech Firms Direct Access to Real-Time Gross Settlement Transactions

India’s central bank, the Reserve Bank of India (RBI), is reportedly looking into the possibility of providing non-bank entities, including local Fintech firms and insurance providers, direct access to handling RTGS (real-time gross settlement) and NEFT (national electronic funds transfer) transactions – which would be… Read More

TransferWise Partners UK’s Freelancer Payments Platform Paydesk to Provide Faster Payments Services to Freelancers

TransferWise, a leading UK-based online money transfer service, has teamed up with Paydesk, a British freelance payments platform, to provide payments services to freelancers. The business integration could potentially help more freelancers throughout the world in gaining access to the benefits of Paydesk’s features such… Read More

Pakistan’s Leading Energy Company, Byco Petroleum, Partners Bank Alfalah to Launch Digital Payments

Pakistan’s leading energy company, Byco Petroleum Pakistan Ltd, has teamed up with Bank Alfalah, one of the nation’s largest financial institutions, in order to introduce digital payments across Byco’s nationwide network of retail locations. Bank Alfalah has supported the OneQR concept. The bank will now… Read More

Stripe Announces Launch in Malaysia

Payments platform Stripe announced on Monday it has launched its services in Malaysia. Stripe reported that businesses throughout the country may now easily accept and manage payments, as well as have access to the full Stripe stack, which includes Billing, Connect, Radar and Sigma. “More… Read More

PayPal Receives Approval to Provide Online Payment Services in China

Payments platform giant PayPal announced earlier this week it has received approval from The People’s Bank of China to acquire 70% equity interest in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a payment business license in China. This will allow PayPal to provide… Read More

Fintech Startup EarnUp Surpasses $10 Billion in Loans Manage Platform

EarnUp, a fintech startup that offers a consumer-first platform for automating loan payments, announced on Wednesday it has surpassed $10 billion in loans managed through its platform.  Launched in 2017, EarnUp Revealed it is looking to help consumers stay on track in making loan payments… Read More

MetaBank Announces Faster Payments Platform; Makes Mastercard Send First Payments Offering

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MetaBank announced on Tuesday the launch of its faster payments platform, which will enable its partners to disburse funds in near real-time. The banking platform also revealed that one of the first new offerings on this platform is Mastercard Send, a push payments service that powers a… Read More

Russian Payment Platform Yandex.Checkout Now Providing Online Stores With Google Pay Option

Yandex.Checkout, an online payments service based in Russia, announced on Wednesday its partners may now accept payments through Google Pay without any additional development required: the payment method becomes available to them as they send a request for it. This news comes just days after Yandex.Checkout announced it has integrated… Read More

Allied Wallet Expansion: Now Compatible With Several New Alternative Payment Options in the UK

Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Thursday it is now compatible with several new alternative payment options in the UK. The fintech reported that the expansion allows it to better serve what… Read More

Paysafe to Host Global Hackathon

Global payments provider Paysafe announced on Monday it is set to host its first global hackathon in five of its developer locations, which are Sofia (Bulgaria), Vienna (Austria), Hyderabad (India), Montreal and Calgary (Canada). According to Paysafe, this hackathon is specifically created to identify new ideas,… Read More

UK’s GoCardless Announces New Zealand Expansion

UK-based payments platform GoCardless announced earlier this week it was launching its GoCardless for Xero in New Zealand. According to GoCardless, the new launch means users can automate payment collections and reconciliation against invoices in New Zealand dollars between GoCardless and Xero. The company wrote… Read More

Alpha Fintech Forms New Partnership With Trustly For Online Banking Payments

On Wednesday, fintech vendor management platform Alpha Fintech announced it has formed a partnership with European payments firm Trustly. Alpha Fintech reported that this partnership will see Trustly’s payment solutions available to banks, MSPs and merchant users on the AlphaHub platform. The duo explained the partnership’s… Read More

WePay Forms New Partnership With SignUpGenius to Simplify Online Payments

On Monday, WePay and SignUpGenius announced they have formed a partnership in order to provide a new process of accepting payments. According to SignUpGenius, organizers using its site can now collect payments from event participants for everything from ticket sales and event registrations to capital… Read More

Now Available in China: Global Fintecher Payza Reveals New E-Wallet Options

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

Fintech without Borders: Rakuten.com Partners with Payoneer

What to do when eCommerce goes global? Partner up with fintech. Rakuten.com, a leading US eCommerce marketplace, has announced its collaboration with Payoneer, an online payments company disrupting the way businesses send and receive cross-border payments. The new offering allows global merchants to sell on Rakuten.com and… Read More

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