Tagged: payments

BMW, General Mootors, Honda, Ford Partner With Mobility Blockchain Initiative to Develop Automated Payments System

A group of automobile manufacturers will reportedly be testing a blockchain-enabled vehicle identification network in November.  According to the Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault have partnered with the Mobility Open Blockchain Initiative (MOBI) in order to develop a system that… Read More

China: WeiyangX Fintech Review

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

Payment Fintech Lemon Way to Receive €25 million Investment from Toscafund Asset Management

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

Another Financial Times Exposé Casts Doubt on Professed Profitability at Operational Integrity at Wirecard

The latest Financial Times coverage is casting further doubt on the profitability and integrity of operations at the German payments giant Wirecard. (WDI.DE) Wirecard, for its part, has countered that FT journalists are engaging in collusion with short sellers to devalue the company. In response… Read More

Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

PaySafeCard Announces Launch in Iceland

PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday its services are now available in Iceland. The company launched in the country with its sales partner, Basko verslanir. While sharing more details about the launch, Udo Müller, CEO of Paysafecard, stated:… Read More

Six Nordic Banks to Fund Development of International Real-Time Payments Platform P27

Six Nordic banks will be funding the development of an international real-time payments system as part of the P27 collective. Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank have reportedly finalized a shareholders’ agreement, formulated a business plan, and agreed to make investments… Read More

Blockchain-Based B2B Payments Platform Paystand Appoints Fintech Veterans From Fiserv, PayPal, & Visa to Fintech Advisory Council

PayStand, a blockchain-based, B2B payments firm, announced on Thursday it has appointed four globally recognized fintech veterans from Fiserv, PayPal, and Visa to its Fintech Advisory Council. According to PayStand, the council comes on the heels of a record-breaking year for the company, with revenue… Read More

Korean Mobile Payments App CHAI and BGF Retail Are Developing a Blockchain Platform for Offline Payments

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South Korean mobile payments app CHAI and BGF Retail, which manages CU, Korea’s largest convenience store chain with around 13,500 locations, are developing a blockchain-based platform for conducting offline payments.  The nation’s consumers will be able to make payments by scanning and completing transactions with… Read More

Wirecard Teams Up With SES-imagotag to Accelerate In-Store Mobile Payments Adoption

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has teamed up with SES-imagotag to accelerate in-store mobile payments adoption. Through the new collaboration, the two companies are developing a “pay to tag” solution connecting Wirecard’s mobile payment platform with all… Read More

Stripe Announces Launch in Malaysia

Payments platform Stripe announced on Monday it has launched its services in Malaysia. Stripe reported that businesses throughout the country may now easily accept and manage payments, as well as have access to the full Stripe stack, which includes Billing, Connect, Radar and Sigma. “More… Read More

Wirecard & Libra Internet Bank Partners With Rakuten Vibe to Offer Instant Messenger Payments to Eastern European Consumers

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has partnered with Rakuten Viber and its partner NeoPay to launch a new money transfer service, Moneytou, for users of Viber, the secure instant messaging app, in Eastern Europe. According to Wirecard,… Read More

Airpay Payment Services Forms Partnership with InstaReM

Mumbai-based Airpay Payment Services, a payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies. The new partnership will launch “FX Payment”, an international payments solution for its merchants. Airpay’s “FX payment” is an alternative to credit cards… Read More

Germany’s WEG Bank AG Is Planning to Process Bitcoin Payments for Its Retail Clients

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

Report: Over 500 Fintech Firms Now Operating in Brazil, Up from 377 in 2018

Brazil’s Fintech industry has been growing steadily with most local companies focusing on providing B2B services, according to a recent study. There are at least 504 Fintech firms based in Brazil across 10 different segments. Last year, there were only 377 Fintech companies operating in… Read More

National Payments Corporation of India Requests Digital Payments Firm PhonePe to Add Another Banking Partner

The National Payments Corporation of India (NPCI) has requested Bengaluru-based digital payments firm PhonePe to work with another banking partner for its Unified Payments Service (UPI) model. PhonePe’s management has reportedly decided to work with Mumbai-headquartered multinational banking and financial services company ICICI Bank. According… Read More

Following $250 Million Funding Round, Stripe Announces Upcoming New York City Office

Payments platform Stripe announced last week it is set to open a new office in New York City. The company reported that it is going to be hiring for hundreds of roles across engineering, sales, marketing, partnerships, recruiting, and more in the next few years…. Read More

BitPay Set to Support Payments From Ethereum Blockchain

Global blockchain payments provider BitPay announced last week it is set to support payments from the Ethereum Blockchain. Through this support, BitPay users will be able to use their ether to do the following: Buy gift cards on the BitPay app Top up BitPay cards Shop… Read More

Lightning Network Friendly Fold App Raises $2.5 Million to Bring Bitcoin Payments to Retailers

The Lightning Network (LN)-compatible Fold App, which lets users purchase clothes and various other items and receive Bitcoin-back rewards, has added support for fiat currencies after completing its first investment round as an independent startup. The company recently spun out of crypto venture studio Thesis… Read More

Crypto.com’s Pay Checkout Plugin Is Now Available For 500,000 WooCommerce Merchants 

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday the launch of its Pay Checkout plugin for e-commerce platform, WooCommerce. According to Crypto.com, the plugin enables merchants to accept cryptocurrency, and may instantly convert to fiat currencies of choice for merchants. “Powered by the Crypto.com’s PCI:DSS… Read More

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