Tagged: payments

September 21, 2021 @ 7:38 am By JD Alois  |  

Dutch Fintech Recharge has raised $35 million in Series B funding led by new investor SmartFin and existing investors Prime Ventures and Kreos Capital. According to a release, the new investment is one of the largest in a Dutch startup this year. Recharge says that… Read More

September 21, 2021 @ 7:25 am By Omar Faridi  |  

Payhawk, the platform that brings together expense, payment and invoice management in one solution, reveals that it’s offering its clients Apple Pay, which is considered a safer, more secure and private way to make payments. As reported by Finextra, this option should assist clients with… Read More

September 20, 2021 @ 9:45 pm By Omar Faridi  |  

With the rising “digital influence” on consumers throughout the world, online portals as a preferred channel for trade are undergoing significant growth. There’s also an increasing trend of India’s businesses “going global,” according to Indian Fintech Razorpay. The company shared data which reveals that merchandise… Read More

September 20, 2021 @ 8:51 pm By Omar Faridi  |  

NEFT or National Electronics Funds Transfer is a facility provided (in India) by nearly all the local banking institutions. As explained in a blog post by Fintech firm Paytm, NEFT is among the most preferred methods of making money transfers in India. Via NEFT, users… Read More

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

September 20, 2021 @ 2:13 pm By Omar Faridi  |  

Arroweye Solutions, which claims to be the only provider of “just-in-time” payment cards, production, and fulfillment, has appointed payments professional Dan Oswald as its Chief Executive Officer (effective immediately). Oswald has worked in several senior management roles across different sectors during his extensive 35 years… Read More

September 20, 2021 @ 6:16 am By Omar Faridi  |  

Transact, the provider of payment and credential services for a connected campus, reveals that it has appointed Laura Newell-McLaughlin as Executive Vice President, Payments. Recently, Newell-McLaughlin worked as Chief of Staff to the CEO and was responsible for leading payments strategy, helping to implement and… Read More

September 17, 2021 @ 6:42 pm By Omar Faridi  |  

Melio, a B2B payments platform for SMEs, reveals that it has acquired an additional $250 million in capital, which has now tripled the firm’s valuation to around $4 billion since January of this year. The funds acquired should help with supporting the firm’s business expansion… Read More

September 17, 2021 @ 8:31 am By Omar Faridi  |  

Zūm Rails, an Open Banking and intelligent payment software provider, reveals that it has introduced a new set of anti-fraud tools to improve the security of its Instant Deposit feature. Instant Deposit, supported by Visa Direct, the payment giant’s real-time push payments solution,  and offered… Read More

September 16, 2021 @ 9:57 am By JD Alois  |  

Nexpay, an EU-licensed electronic money institution, has partnered with Salt Edge, an open-banking SaaS provider. Nexpay is a Vilnius-based Fintech startup that provides banking infrastructure for the digital assets sector. Currently, Nexpay reports that it is helping over 400 businesses build a range of payments… Read More

September 16, 2021 @ 9:30 am By Omar Faridi  |  

dopay, a B2B2C payments platform that aims to serve 1.7 billion unbanked workers in emerging markets, has finalized an $18 million Series A round. As mentioned in a release, dopay intends to address a steady and growing demand from businesses for cashless payroll and from… Read More

September 16, 2021 @ 8:36 am By Omar Faridi  |  

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

September 16, 2021 @ 7:52 am By Omar Faridi  |  

Fortis Payment Systems, LLC, a payment tech provider for businesses, independent software vendors (ISVs) and developers, reveals that it has acquired OmniFund, whose Cloud-powered Payments-as-a-Platform service is being leveraged by software and enterprise resource planning ERP solutions. Established in 2005, Omni is focused on offering… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

September 14, 2021 @ 6:11 pm By Omar Faridi  |  

Square (NYSE:SQ) sellers may now start taking payments via Cash App Pay, which is a contactless payment option for carrying out in-person and online transfers. With Cash App Pay, clients are able to easily make payments with their Cash App account at participating Square sellers…. Read More

September 14, 2021 @ 11:51 am By Omar Faridi  |  

DBS (SGX:D05) has introduced real-time online tracking of cross-border collections for companies in India through a partnership with SWIFT Global Payments Innovation (gpi). DBS is reportedly first bank in India and the Asia-Pacific region to provide this service to customers, which should benefit around 4,000… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 9:39 pm By Omar Faridi  |  

The National Institutional Facilitation Technologies (in Pakistan) and its business and tech partner TPS Worldwide, have introduced “NIFT ePay,” which is the nation’s all-inclusive payment gateway supporting business solutions beyond payments. As mentioned in a release, NIFT ePay supports digital commerce payments by aggregating different… Read More

September 13, 2021 @ 9:31 pm By Omar Faridi  |  

The total number of point-of-sale (POS) and digital commerce transactions in Bahrain increased by 65% in August 2021 YoY, reaching an aggregate value of almost $744 million during the month, after topping $3.62 billion during H1 2021, the Central Bank of Bahrain has revealed. According… Read More

September 13, 2021 @ 1:09 pm By Omar Faridi  |  

Ecommpay, a global payments solution provider and direct bank card acquirer, reveals that it has introduced Timeline, its payment tech designed specifically for the travel sector. As first reported by Finextra, the ready-to-go service can settle payments immediately. It may be integrated via the fully… Read More