Tagged: payments

Payments Firm Recharge Raises $35 million Series B

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

UK Fintech Payhawk Adds Apple Pay to Enable Seamless, Contactless Digital Transactions

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

Razorpay Becomes First Indian Payment Platform to Introduce Address Verification System for Cross-Border Transfers

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

Indian Fintech Paytm Explains How National Electronic Funds Transfer Aims to Promote Digital Transactions

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

Monzo USA Introduces Salary Sorter Tool to Make it Easier to Manage Finances, Cover Monthly Expenses, Save Money

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

“Just in Time” Payment Cards Provider Arroweye Solutions Appoints Dan Oswald as CEO

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

Transact, Provider of Payment and Credential Services for a Connected Campus, Appoints New EVP for Payments

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

Melio, a B2B Payments Fintech for SMEs, Secures $250M via Series D

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

Open Banking and Intelligent Payment Plaform Zūm Rails Introduces Anti-Fraud Tools

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

Nexpay Partners with Open Banking Platform Salt Edge

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

Fintech dopay, a B2B2C Payments Platform for Unbanked Workers, Secures $18M via Series A

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

Real Time or Instant B2B Payments Are Being Offered, but Service Needs Improvements: Report

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

Payments Fintech FortisPay Acquires OmniFund, a Cloud based Payment as a Service Platform

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

One Inc, a Digital Payments Network for Insurance Sector, to Issue Claims via Mastercard Virtual Cards

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

Square Sellers May Take Payments via Cash App Pay, a Contactless Option for In-Person, Online Transfers

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

DBS to Offer Real-Time Digital Cross-Border Incoming Payment Tracking

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

NPCI, the Global Unit of National Payment Corp of India, and Liquid Group to Support QR Enabled Transactions

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

New Digital Commerce Payments Solution, NIFT ePay, Introduced in Pakistan

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

Cashless Transactions Increase to $3.62B in Bahrain During H1 2021: Report

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

Global Payments Fintech Ecommpay Introduces Payment Tech for Travel Industry

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

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