Tagged: payments

Moving Money: Derek Chau, Partner at Acorn Pacific Ventures, Shares insight into Faster Payments

Faster payments and electronic transfers is a hot sector of Fintech. For quite some time, traditional banks sat on the sidelines watching Fintechs push into their business. Today, they are stepping things up but questions remain as to whether or not old finance has the… Read More

Wirecard to Collaborate With OYO to Provide Financial Suit For Hotel & Home Booking Payments

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it will be exploring collaboration opportunities to provide a suite of financial services to make payments for OYO hotels and home bookings seamless and hassle-free across several regions in the world, notably, South-East… Read More

Klarna Raises $460 Million Through New Equity Round to Further Support U.S. Growth

Payment processing platform Klarna announced on Tuesday it secured $460 million through its latest equity funding round, bring its post-money valuation to $5.5 billion. The round was led by Dragoneer Investment Group, a San Francisco based growth-oriented investor. Other investors in the round include Commonwealth Bank… Read More

Maxine Waters Comments on Feds Faster Payments Project: “I am pleased to see that Chairman Powell has finally taken action”

Chair of the House Financial Services Committee Maxine Waters issued a statement yesterday regarding the Federal Reserve’s announcement that it will pursue a faster payments process for consumers. Long discussed with little movement, Federal Reserve Board of Governors Member Lael Brainard revealed the “FedNow” plan… Read More

Finally. Federal Reserve Indicates Intent to Move Forward on “Fast Payments for All” with “FedNow” System

Recently, the Federal Reserve has taken political heat for its inability to pursue a faster payments system – something that has been technically feasible for years. Currently, payments and transfer languish for days creating issues for both sides of the transaction – most frequently individuals… Read More

Klarna & ASOS Expands Global Payments Partnership to the U.S.

Payment processing platform Klarna announced on Monday it and global fashion brand ASOS have expanded their payments partnership to the U.S. According to the duo, the partnership will extend into the U.S. market in order to offer flexible payment options to shoppers. Customers may now… Read More

Germany: KKR to Acquire Majority Stake in Payments Fintech Heidelpay

KKR, a global investment firm with over $150 billion in assets under management, has an agreement to acquire a majority stake in Germany based Fintech heidelpay. The deal involved AnaCap Financial Partners which is currently the majority shareholder in heidelpay. Details on the acquisition were… Read More

Fintech Paysend Closes £8.5 Million Series B, £4.6 Million from Seedrs Investors

International money transfer Fintech Paysend has closed an £8.5 million Series B funding round. The securities offering was combination VC/crowdfunding offer as GVA invested £3.95 million while smaller investors contributed £4.26 million via the Seedrs crowdfunding platform. The additional capital will be used to fuel… Read More

Stripe Introduces New & Improved Onboarding Flow For Express Accounts

Payments platform Stripe announced this week a new and improved onboarding flow for Express accounts. The payments leader reported that based on user feedback and analysis of thousands of Express accounts, it has made a number of updates to the Connect onboarding flow that drove… Read More

Wirecard Partners With Morocco National Airline Royal Air Maroc to Integrate Digital Payments Globally

German payment platform Wirecard announced on Tuesday it has formed a partnership with Morocco’s national airline Royal Air Maroc to integrate digital payments globally. Wirecard reported it will handle all the payments for the airline’s online and travel agency bookings. “Royal Air Maroc is set… Read More

SWIFT-FAST Trial Settles Intercontinental Payments with Singapore in Under 25 Seconds

SWIFT, the company behind the world’s largest electronic payments system, has executed cross-border payments between 7 corresponding countries -Australia, China, Canada, Luxembourg, The Netherlands, Singapore and Thailand- and Singapore, in less than 25 seconds. The trial integrated SWIFT’s gpi Instant network and Singapore’s domestic instant… Read More

Update: PaySend Set to Close Seedrs Campaign With More Than £8.55 Million in Funding

UK fintech Paysend is set to close its equity crowdfunding campaign on Seedrs with more than £8.55 million in funding. The campaign was launched last month and quickly secured its initial £4.26 million funding target. Paysend is offering 3.30% in equity at a £124,904,832 pre-money… Read More

India B2B Payments Platform Paymate Raises $25 Million Through Series D Funding Round With Participation from Visa

Paymate, an India-based B2B payments platform, has reportedly secured $25 million through its Series D funding round, which included participation from credit card giant, Visa, as well as other investors like Recruit Strategic Partners (Venture capital Arm of Recruit Co. Ltd. Japan), Brand Capital, existing… Read More

SWIFT Announces Launch of Multi-Bank GPI Payment Initiation

SWIFT, a global member-owned cooperative and provider of secure financial messaging services, announced on Tuesday it has launched a multi-bank GPI payment initiation and tracking service for corporates. The company revealed in a blog post: “Built in conjunction with banks and corporates, we’ve introduced a… Read More

Wirecard Announces Smart Mirror Prototype to Integrate Ordering & Payment Options

Germany-based fintech Wirecard announced on Tuesday its new prototype of a Smart Mirror, developed by Wirecard’s Innovation Lab. The company claimed that the mirror is Germany’s first intelligent mirror through which consumers may also pay for items. “The unique offering offers a completely new customer… Read More

Unicorn GOJEK Receives Investment from Visa

GOJEK, a Southeast Asian unicorn, has received backing from global credit and payments provider Visa. According to a release, Visa participated in GOJEK’s ongoing Series F funding round for an undisclosed amount.  Other investors include Mitsubishi Motors Corporation, Mitsubishi Corporation, and investment from Mitsubishi UFJ… Read More

SafeCharge Teams Up With Visa to Provide Insurtech Company Setoo With Insurance Payouts

SafeCharge (AIM: SCH) announced last week it has formed a new partnership with Visa Direct, Visa’s real-time push payments platform, to help provide what it claims to be faster payouts for insurance-as-a-service company, Setoo. According to SafeCharge, Visa Direct enables businesses to push funds disbursements… Read More

Bill.com Announces Addition of Currencies & Countries on Payments Platform

Bill.com, a business payments and software platform provider, announced on Tuesday it now supports more than 70 countries and 50 currencies worldwide. According to the platform, its international payments services help companies solve the obstacles historically presented by cross-border payments while offering a cost-effective and… Read More

African Journalist Considers Whether Facebook Libra Coin a Boon for Africa

African technology journalist Andile Masuku has written that corruption around remittances in Africa is so bad, “I have become numb to the daylight robbery that ensues whenever I receive money from abroad or send cash to my family back home.” Masuku cites figures from the World… Read More

PayU Acquires Controlling Stake in Red Dot Payment, Expands Into Southeast Asia

PayU, Naspers’ payments firm, is expanding into Southeast Asia through the acquisition of a majority stake in Red Dot Payment (RDP), a Singapore-based online payment Fintech. RDP currently serves more than 500 merchants in 22 countries. RDP supports global and local alternate payment methods such… Read More

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