Tagged: payments

International Payments Platform Currency Cloud Launches Global Collections for Faster / Cheaper Payments

Fintech Currencycloud, an international payments platform, has announced the launch of Global Collections. Leveraging multi-currency accounts receivable offering, banks and other payments companies may allow customers to receive payments across borders without the typically exorbitant fees and extensive delays prevalent in payment transfers today. Currencycloud is… Read More

Global Payments Platform Veem Announces Partnership With BlueVine

On Thursday, global payments platform Veem announced it has formed a partnership with BlueVine, a provider of working capital financing to small and medium-sized businesses. The companies reported that the new partnership will allow Veem’s US-based clients to finance their cross-border and domestic payments, and get access… Read More

Overstock’s Blockchain Sub Medici Ventures Boosts Ownership of Bitt.com Digital Payment Provider

Overstock (NASDAQ:OSTK) is moving things around once again by boosting its ownership in Bitt.com, a Blockchain based payments platform that is based in Barbados. The move was orchestrated by Medici Ventures, Overstock’s Blockchain subsidiary, and it was part of an option that was exercised to invest… Read More

Payments Platform WorldFirst Report: Number of UK SMEs Trading Internationally Declined by Half in 2017 Compared to End of 2016

WorldFirst, a global payments provider, has published their Global Trade Tracker that provides a glimpse of UK SME activity during the quarter. According to their numbers, international trading by UK SMEs declined by almost 50% in comparing Q4 of 2017 to the same quarter in… Read More

Payments & KYC Platform Acuity Partners with Fintech Lemon Way to Flag High Risk Customers

Accuity, a financial crime compliance, payments and know- your-customer (KYC) platform, has partnered with France-based Fintech Lemon Way, to help flag potentially high-risk customers. Lemon Way has decided to utilize Accuity’s  Firco Compliance Link, a solution which will enable the business to streamline its financial… Read More

InstaReM Partners with Ripple to Secure Payouts in Southeast Asia

InstaReM, a southeast Asia’s digital cross-border money transfer service provider, has inked a strategic partnership with enterprise Blockchain payment solutions provider, Ripple. According to InstaReM, this partnership will facilitate quick and secure payouts for RippleNet members across Southeast Asia.  InstaReM is a Singapore-headquartered cross-border payments… Read More

Look Out PayPal: Coinbase Now Powering Payments in Digital Currency

Coinbase, one of the largest cryptocurrency exchanges in the world, has launched Coinbbase Commerce, a payments platform that allows merchants to accept digital currency anywhere, anytime. Recently Stripe, a popular payments processor, announced it would stop accepting Bitcoin as payments so Coinbases announcement is timely…. Read More

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