Tagged: payment

Teen Fintech Pencilton raises $330K pre-seed from Neobank Jupiter and others|

Pencilton, a teen-focused fintech startup, has raised $330K in a pre-seed round led by neobank Jupiter, or Amica Financial Technologies Pvt. Ltd. Several successful founders such as Nilesh Patel, Prashant Singh (Founders of LeadSquared), Ashish Sharma (MD, Innoven Capital), Abhishek Goyal (Founder of Tracxn), Himanshu… Read More

Payment Facilitation Startup Tilled Secures $11 Million Through Series A Funding Round

    Tilled, a U.S.-based payment facilitation platform, announced on Wednesday it secured $11 million through its Series A funding round, which was led by Rebecca Lynn from Canvas Ventures with participation from Abhinav Tiwari, former head of investments and M&A at Stripe, Henry Ward, founder and CEO… Read More

Digital Payments Fintech SafetyPay Adds PIX as Payment Method in Brazil

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

Payment Gateway CITCON Partners Pure-Digital Payments Network Flexa to Enable Bitcoin, Ethereum Transactions

CITCON, the payment gateway provider that offers in-store, online, and mobile payment solutions to over 6,000 brands across the globe, has partnered with Flexa, the “pure-digital” payments network, in order to enable merchants with accepting cryptocurrencies as a payment option. Merchants connected to Citcon will… Read More

Mastercard’s New Payments Index Reveals: Consumer Interest In Digital Payments Is Taking Off

  Mastercard announced on Tuesday the release of its Mastercard New Payments Index. According to Mastercard, the Index was conducted across 18 markets around the world and revealed that 93% of consumers will consider using at least one “emerging” payment method, such as cryptocurrency, biometrics,… Read More

Global Payment & Commerce-Enabling Platform Payoneer Announces Collaboration With eBay

  Payoneer Inc., the global payment and commerce-enabling platform, announced on Tuesday it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. Payoneer reported that the partnership is part of eBay’s mission to modernize… Read More

WeWork Partners With BitPay & Coinbase to Offer Cryptocurrency as Form of Payment

WeWork, a U.S.-based flexible space provider, announced earlier this week is now accepting payment in select cryptocurrencies. The company is notably working with BitPay and Coinbase to utilize cryptocurrency for inbound and outbound transactions. Through BitPay, WeWork will accept Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos… Read More

Welsh Payment Platform Yoelle Receives Investment From Banking Group Hodge

  Yoello, a Welsh digital payments platform, announced on Thursday it received an investment from banking group Hodge to accelerate the growth and development of its mobile payments/banking platform. Founded in 2015, Yoello describes itself as a payment platform aiming to disrupt the existing payment system by… Read More

Barclays Set to Shut Down P2P Payment App Pingit on June 30, 2021

  Barclays is set to shut down its P2P payment app, Pingit, on June 30, 2021. In February, Barclays announced it would be shutting down the service in 2021, but did not give an exact date at the time. The system was notably launched in February 2012 and… Read More

German Digital Bank Insha Attracts €2.5 Million in Seed Funding From Payment Provider Param

  Insha, a Germany-based online banking startup, announced on Tuesday it secured €2.5 million in seed funding from payments provider, Param. Founded in 2018, Insha states it offers an innovative and fully digital account based on the principles and does not engage in interest-based transactions… Read More

Canadian Fintech Mogo Set to Launch Mobile Peer-to-Peer Payment Solution

Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it is planning to launch a mobile peer-to-peer (P2P) payment solution, which will enable users to quickly and easily make and share payments with friends and family through Mogo’s mobile app. According to Mogo, the payment… Read More

Samsung Pay Card, Powered By Curve, Officially Launches

Samsung Electronics Co., Ltd announced Monday the new Samsung Pay Card, powered by UK fintech Curve, and in conjunction with global payments technology company Mastercard, has officially made its debut. Samsung reported that Samsung Pay Card gives users complete control over their spending, without the fuss of… Read More

Affirm Announces New Collaboration With Design Within Reach to Allow Shoppers To Pay-Over-Time For Modern Furniture & Decor

Just days after announcing its partnership with Shopify, U.S. fintech Affirm announced it has formed a partnership with Design Within Reach to allow shoppers to pay-over-time for modern furniture and decor. The partnership notably extends across all the Design Within Reach, Herman Miller, and HAY… Read More

Barclaycard Announces Extension of Partnership With SAP to Include Payment Gateway Access

Barclaycard announced on Tuesday it had extended its partnership with SAP to include payment gateway access. Barclaycard, which is part of Barclays Bank UK PLC, claims to be a leading global payment business that helps consumers, retailers and businesses to make and take payments flexibly,… Read More

U.S. Fintech Maverick Payments Launches Proprietary Payment Gateway

U.S, fintech Maverick Payments announced on Monday the launch of its new fully custom payment gateway. According to Maverick Payments, the gateway was designed to provide an all-in-one integration and user experience for businesses with added layers of control and security. “The gateway completes a… Read More

MoneyGram Reports 100% Year-Over-Year Digital Transaction Growth in May

Digital money transfer service MoneyGram (NASDAQ: MGI) reported on Thursday 100% year-over-year digital transaction growth in May, which is considered a significant acceleration from the first quarter of 2020 where the company reported 57% growth.  Overall digital growth in May was driven by the following… Read More

Payments & Financial Crime Compliance Solutions Provider Pelican Announces Expansion to South Korea Through Strategic Partnership With CMSoft

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, announced on Tuesday it has expanded its global sales reach by partnering with CMSoft Co., Ltd in South Korea. According to Pelican, the new strategic partnership will enable the company… Read More

Global Payments Tech Provider Nuvei Secures $270 Million Through Equity Financing; Brings Valuation to $2 Billion

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

Remitly Forms New Partnership With Visa to Enhance Cross-Border Money Transfer Service

U.S.-based independent mobile remittance company Remitly announced on Thursday it has teamed up with Visa to enhance its cross-border money transfer service.  Working together, Remitly and Visa are planning to provide the ability to send funds from the U.S. to eligible Visa debit cards across borders,… Read More

Dutch Fintech Bitsafe Announces Launch of Borderless Basic Payment Account

Bitsafe, a Holland-based fintech, announced earlier this week the launch of its borderless Basic Payment Account. According to the startup, this new account works just like a local bank account and allows account holders can make deposits, make payments and withdraw funds. Every Bitsafe account comes… Read More

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