Tagged: payments

FCA Licensed e-Money Institution Paysend Plans Stablecoin on Stellar

Paysend Group, an FCA licensed e-Money institution, is planning to issue a stablecoin in June. Paysend is using Stellar to provide the crypto that will allow its users to send instant global payments without the traditional cross-border fees. Paysend notes that Stellar was designed expressly… Read More

Payment Fintech Thunes Raises $10 Million Series A

Thunes (previously DBA as TransferTo), a cross-border payments Fintech, has completed a $10 million Series A financing led by GGV Capital.  Thunes is a Licensed Payments Service Provider in the UK. Headquartered in Singapore, Thunes connects mobile wallet operators, corporates, merchants, money transfer operators, payment… Read More

PaySend Announces Payment Services in Sri Lanka

PaySend, a UK-based global payments platform, announced earlier this week it was launching its services in Sri Lanka. Those who are interested in money transfers to Sri Lanka you can send funds from Europe, Great Britain, Russia, Canada, Australia, Mexico and other countries available on… Read More

WorldPay Launches New Omnichannel Fraud Solution “FraudSight”

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Tuesday the launch of FraudSight, which is a new solution designed to prevent fraud and optimize approval rates potentially boosting revenue across all channels. According to Worldpay, FraudSight makes transaction validity decisions for merchants of… Read More

Corporate Traveller Forms Partnership with BitPay to Accept Cryptocurrency Payments

Corporate Traveller, a UK-based specialist provider of business travel management services to SME companies, announced on Monday it has teamed up with global blockchain payment provider BitPay to allow cryptocurrency payments on its platform. Corporate Traveller reported that it may now accept bitcoin and bitcoin… Read More

J.P. Morgan Launches SEPA Instant Payments in Europe

J.P. Morgan announced earlier this week it is advancing its real-time payments offering by launching SEPA Instant in Europe. The banking group reported that with this latest offering it is continuing on its mission to drive efficiency and add critical value to our clients’ business…. Read More

Fintech Azimo Gains License from Dutch Central Bank to Operate in the Netherlands

Digital money transfer Fintech Azimo has secured a license from the Dutch Central Bank (De Nederlandsche Bank) to operate its services in the Netherlands, according to a release from the firm. Azimo said its headquarters will remain in London and its engineering and operations in… Read More

Investigation Questions the Nature and Soundness of Wirecard Asian Partnerships

An on-the-ground investigation by London news outlet Financial Times has shown that several payment referral partnerships maintained by German payments giant Wirecard in the Philippines are either insubstantial or dubious. On Friday, it was revealed that a top accounting executive with the firm had departed…. Read More

Payment Fintech Segovia Acquired by Crown Agents Bank

CABIM Ltd, the parent company of Crown Agents Bank has acquired Segovia, a US-based payments firm. In a release, Crown Agents Bank said the purchase will enable it to extend its payment network, including mobile money, and integrate Segovia’s payments infrastructure with Crown Agents Bank’s… Read More

SEC Charges Founder of Payment Fintech Jumio with Fraud. Former CEO, Daniel Mattes Pays $17 Million Settlement

The Securities and Exchange Commission (SEC) has charged the founder and former chief executive mobile payment Fintech Jumio with defrauding investors. The former CEO of Jumio, Daniel Mattes, has agreed to pay more than $17 million to settle the charges. Mattes is also a “business… Read More

Global Payments Tech Provider WorldPay Announces Australasian Expansion

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Wednesday it is set to expand its services into Australasian later this year, thanks to two major investments. The first step is to open two sales offices in Australia and the second is the expansion of its… Read More

Pelican Announces Expansion of Pan-European Open Banking API Interoperability

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, announced on Wednesday the further extension of its API Interoperability solution, with expanded support for the six popular Open Banking API standards, now including the UK’s OBWG, France’s STET… Read More

Fintech Marqeta Raises $250 Million in Series E Funding Round, Valued at $2 Billion

Payments Fintech Marqeta has just raised $250 million in a Series E funding round that reportedly valued the firm at around $2 billion. It was reported that hedge-fund firm Coatue Management LLC led the investment round. Omri Dahan,  Chief Revenue Officer of Marqeta, recently told… Read More

JP Morgan Head of eCommerce Sees Little Threat from “Payments Disruptors”

JP Morgan’s Global Head of eCommerce Solutions, Ron Karpovich, has told CNBC that there is, “more partnership instead of competition,” in payments and that, “Ultimately behind the scenes, (payments disruptors) are going to have to use a bank to move funds.” He also seemed to dismiss… Read More

Fast Growing Payments Platform InstaReM Partners with First Data

Singapore based Fintech InstaReM has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions. The new partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution. InstaReM said that by leveraging First Data’s… Read More

Western Union and Thunes Partner on Mobile Wallets

Western Union (NYSE:WU), an old tech cross-border payment company has teamed up with Thunes (TransferTo Mobile Financial Services Ltd) to enable Western Union customers to send funds directly into mobile wallets around the world. Thunes connects diverse payment systems so unbanked or underbanked users gain access… Read More

Fintech InstaReM Closes on $41 Million Series C

InstaReM, a payments platform operating in over 50 countries, has closed on a USD $ 41 million Series C funding round led by Vertex Growth Fund, their first investment in Southeast Asia. James Lee, MD of Vertex Growth Fund, will be joining the Board of… Read More

Singel’s Cross Border Mobile Payment Alliance VIA Expands to Japan

Singel announced on Monday its Asian cross-border payment alliance, VIA, has expanded its footprint to Japan. According to Singel, NETSTARS, a Tokyo-based mobile payment technology company, will join VIA, adding its 100,000 stores to the network’s current 1.6 million merchant partners. Singel reported that users… Read More

Wirecard Now Enabling Fully Digital Chinese Payments on Tallink Grupp Ships

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is now enabling fully digital Chinese payments on Tallink Grupp ships. According to Wirecard, Tallink Grupp is a passenger and cargo transportation service provider in the Northern region of the Baltic Sea… Read More

Kakao Ventures Backs Blockchain based Payment Platform & Stablecoin Terra

Blockchain-based payment platform Terra has received an investment from VC Kakao Ventures – an independent subsidiary of South Korea’s internet firm, Kakao. The amount of the investment was not disclosed but was said to fund the expansion and mainstream usage of Terra’s blockchain payment solution… Read More

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