Tagged: payments

Venture Funding of Payment Fintechs Tops $5.5 Billion in First 6 Months, 5X Year Prior

VC funding of Fintechs continues to boom as more established Fintechs capture outsized funding rounds and smaller firms continue to provide new spins on digital financial services. S&P Global Market Intelligence is out with a focused report stating that $5.56 billion went into the payments… Read More

Lloyds Bank Commercial Banking to Use Mastercard Open Banking Merchant Payment Solution to Launch PayFrom Bank

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

Bitcoin and Blockchain focused Blockstream Introduces Latest Lightning Network Service, Greenlight

The team at Blockstream, which claims to be the global leader in Bitcoin and blockchain tech, notes that they’re pleased to introduce Greenlight, which is their latest Lightning Network (LN) service. Blockstream, which aims to make financial markets more efficient by reducing reliance on trust… Read More

AIA Malaysia to Acquire Minority Stake in TNG Digital, Owner of Touch n’ Go Digital Wallet

AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More

Pakistani Online Payments Fintech SadaPay Appoints Muhammad Khalil as Head of Internal Audit

Pakistani online payments Fintech SadaPay reveals that they’ve welcomed Muhammad Khalil who’s joining them as their new Head of Internal Audit. As noted in an update from SadaPay, Khalil brings audit experience from “some of Pakistan’s leading corporates” including U Microfinance Bank, Wi-Tribe as well… Read More

Canada based Paystone Acquires CAD 30M in Capital from Private Equity Unit of Crédit Mutuel Alliance Fédérale

Canada-based Paystone has acquired CAD 30 million in capital from the private equity division of Crédit Mutuel Alliance Fédérale. Paystone‘s payment processing and customer engagement solutions are currently being used by more than 30,000 merchants in Canada as well as the US. They collectively handle… Read More

Payments Fintech Banking Circle Chooses European Firm SIA to Provide Instant Payments

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

Cross-Border Payments Fintech Thunes Acquires Limonitek, a European Payment Service Platform

Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform. The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more… Read More

Digital Asset Risk Management Platform Elliptic Chosen by Fintech Paysafe to Help Manage Crypto Exposure

Elliptic, a company focused on crypto-asset risk management, has been chosen by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able “to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls,” according to an update from Elliptic. Paysafe,… Read More

Southeast Asia Super App GrabPay Extends Partnership with Fintech Adyen to Enable Flexible Payment Options

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

UK’s Embedded Finance Fintech Railsbank Now a Visa Ready Banking Identification Number Sponsor

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More

UK Fintech Modulr Secures Visa Ready Certification, which Helps Clients Access Seamless Digital Payments Solutions

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

Verifi, a Visa Solution, Explains Differences between First-Party and Friendly Fraud when Disputing Valid Transactions

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, notes that by now, sellers may have realized that the consumer trend “away from in-store shopping and toward e-commerce is… Read More

Soldo Closes Record $180 Million Series C Funding Round

Solda has raised $180 million in a Series C funding round led by Singapore-based Temasek. The European pay and spend automation platform reports that the investment round is the largest in its category to date. The funding round included new investors Sunley House Capital, Advent… Read More

Fintech Paysafe to Use SaaS Platform from Smart Property Systems to Streamline Rent Payments for Property Managers

Fintech firm Paysafe has teamed up with Smart Property Systems in North America. The SaaS platform from Smart Property Systems will be plugged into Paysafe’s integrated payments solution in order to “streamline” rent payments for property managers based in the US as well as Canada…. Read More

Visa Reports Strong Cashless Payments Adoption in Southeast Asia along with Rise in Online Shopping Post COVID

Visa (NYSE:V) notes in a comprehensive report that the past year and a half has been quite challenging for many individuals and businesses, with the global COVID-19 pandemic “vastly changing the way we live, work and shop.” Visa has released a detailed report in which… Read More

European Fintech Paysera Added by National Bank of Ukraine to Nation’s Register of Payment Systems

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical preparations, Paysera will be providing quicker transfers to and from Ukraine to private clients. Transactions will be supported in hryvnias, Euros,… Read More

Kristo Käärmann, Co-founder and CEO of Global Fintech Wise, Reveals Company Continues to Lower Cross-Border Transfer Fees

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

Aptys, a Virtual Payments Solution Provider, Reveals that Alloya Corporate Federal Credit Union has Converted its Unified Payments Platform

Aptys Solutions, an established provider of Cloud-powered, end-to-end, virtual payment services to more than 4,500 financial institutions (including quicker payments, mobile P2P, wire, ACH, and inclearing), reveals that Alloya Corporate Federal Credit Union, a major corporate credit union serving 1,400+ credit unions, has converted to… Read More

Reserve Bank of India Decides to Indefinitely Prevent Mastercard from Providing New Debit, Credit Cards to Locals

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

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