Tagged: payments

Shut Down: Alibaba’s Ant Financial Blocked by US Government on Acquisition of MoneyGram

Ant Financial, part of tech conglomerate Alibaba, announced its intent to purchase MoneyGram (NASDAQ: MGI)  a year ago. The acquisition would have combined MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts with Alibaba’s fast growing global Fintech presence. MoneyGram is currently active in… Read More

California Fintech Edge Mobile Payments Announces Acquisition of Plastc

On Thursday, California fintech Edge Mobile Payments announced it has acquired digital payments company Plastc as it prepares to enhance its smartcard technology platform. The new acquisition will also enable Edge to build on Plastc’s progress and accelerate the release of its upcoming Edge Card…. Read More

Hyperwallet Facilitates Payments with Amazon in Australia

Hyperwallet, a global payment platform, has formed an arrangment with Amazon to be able to receive disbursements from sales on Amazon’s new Australian marketplace. Hyperwallet said it will now support international seller disbursements from Amazon with its multi-currency payout solution that enables Amazon Marketplace sellers… Read More

Wow. P2P Money Transfer Service Toss is Processing $1 Billion per Month in South Korea After Less than 3 Years of Operations

In 2015 Viva Republica launched Toss, a peer to peer money transfer App that has become one of the world’s fastest growing financial Apps have now transacted more than USD$ 10 billion with a current run rate of $12 billion per year with $1 billion per… Read More

Monetary Authority of Singapore Launches Consultation on Payments Including Cryptocurrencies

The Monetary Authority of Singapore (MAS) has launched a second consultation on a payments regulatory framework, known as the Payment Services Bill. The Bill is designed to streamline the regulation of payment services under a single legislation, expand the scope of regulated payment activities to… Read More

B2B Payment Provider Transfermate Secures €30 Million Investment From Allied Irish Bank

Ireland-based B2B payment provider TransferMate announced on Monday it received a €30 million investment from Allied Irish Bank (AIB).  Founded in 2010, TranferMate stated it is on a mission to provide businesses with a faster, cheaper, and easier solution for sending or receiving funds globally.TransferMate… Read More

Singapore Updates on Payments Council as Quick Response Code Specifications for Electronic Payments is Endorsed

The Monetary Authority of Singapore has posted an update on the Singapore Payments Council. According to MAS, the COuncil has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets,… Read More

PayStand Secures $6 Million Through Series A Funding Round Led By BlueRun Ventures

PayStand, a payments-as-a-service platform that uses blockchain to automate and secure business to business (B2B) systems, announced on Thursday it has secured $6 million during its Series A funding round, which was led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE, and… Read More

Morgan Stanley Wealth Management Partners With The Zelle Network to Launch New Payment Services Feature on Mobile App

Morgan Stanley Wealth Management announced on Thursday the launch of its new person-to-person payments service called Morgan Stanley Send Money with Zelle.  According to Morgan Stanley, the service enables its clients to send money and receive money from almost anyone with a U.S. bank account using the… Read More

WorldRemit Adds Hungary to List of Countries Users May Transfer Money

Mobile first digital money transfer service WorldRemit has launched instant money transfers to Hungary. The new service lets anyone in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website. WorldRemit’s digital model allows migrants… Read More

Air Canada Announces Partnership With Adyen to Provide International Payments Solution to Customers

Air Canada announced on Wednesday it has formed a partnership with Adyen to provide an international payment solution to all customers. The airliner reported that through this agreement, customers will be able to use their preferred local method of payment when making travel purchases. While… Read More

Asian Fintech EMQ Announces Partnership With Global Mobile Payment Company QFPay

EMQ, a fintech company with an extensive payment network in Asia, announced on Tuesday it has formed a strategic partnership with QFPay, a global mobile payment and big data technology company from China, to deliver a secure and scalable infrastructure for mobile payments in the… Read More

WorldFirst Launches International Payment Platform Putting Traditional Banks on Notice

WorldFirst has announced the launch of a multi-currency payment platform that makes international banking that much easier. The new World Account is available now to UK corporate customers. The new service seeks to help SMEs trading internationally that struggle to accomplish their goals using traditional… Read More

JPMorgan Chase Pushes into Payments with Acquisition of WePay

JPMorgan Chase (NYSE: JPM) has announced it will acquire payments platform WePay. Details on the acquisition were not revealed. A Silicon Valley based Fintech, WePay was launched as a “Payments as a Service” company in 2008. WePay has focused on  focus on platform customers with over 1,000… Read More

Sberbank, Russia’s Largest Bank, Announces Payment Solution

Sberbank and Telegram have announced the development of a new payment solution for partners using Telegram bots. The solution is described as allowing the acceptance of MasterCard, Visa and MIR card payments. The development also marks the first time Apple Pay and Android Pay can… Read More

Alpha Payments Cloud Rebrands to Alpha Fintech

On Tuesday, Dublin-based fintech startup Alpha Payments Cloud announced it has rebranded to Alpha Fintech. According to the company, the rebranding aims to sow Alpha’s positioning as an end-to-end middleware that connects the merchant buyer and vendor supplier across the entire payments, risk and commerce spectrum… Read More

FCA Publishes PSD2 Approach

The UK Financial Conduct Authority (FCA) has published their approach to the EU directive known as PSD2.  This directive defines the requirements for firms that provide payment services and impacts a wide range of financial service firms including Fintechs. PSD2 ostensibly aims to improve consumer… Read More

Silicon Valley Bank & First Data: Applications Open For Commerce.Innovated’s Winter 2017 Class

On Tuesday, Silicon Valley Bank (SVB) and First Data announced applications are now open for the Winter 2017 Class of the accelerator program, Commerce.Innovated. This news comes just one month after the companies announced the four selected startups for the Fall 2017 program. Commerce.Innovated. is described as… Read More

FinTech Australia Members Assembly Payments & CurrencyVue are Selected Participate in SWIFT Global Challenge

FinTech Australia is sharing that two of their members have been selected to participate in the Swift global FinTech challenge at LATTICE80 on 13 and 14 September 2017. This past June, SWIFT offered Fintech companies from around the world to develop new overlay services that leverage… Read More

Payza’s Cryptocurrency Address Manager Now Live: Bitcoin Management Made Easy

Payza, the Montreal-based payments technology company, has introduced a new cryptocurrency feature, Cryptocurrency Address Manager. This new feature enables Payza members to generate and manage cryptocurrency addresses from within their Payza accounts. With this launch, Payza members will be able to generate their own Bitcoin… Read More