Tagged: payments

July 2, 2022 @ 8:14 am By Jairo Riveros  |  

Cryptocurrency is gaining traction with investors, businesses, and even Uncle Sam this year. Despite being around for over a decade, the global cryptocurrency market is now worth over $1 trillion. At the end of February, the 24-hour average trading volume of all cryptocurrencies across the… Read More

July 1, 2022 @ 3:49 pm By Omar Faridi  |  

Denario, the payment platform built for SMEs, recently secured €1.8 million in seed capital and is introducing a product that will support European firms with paying each other directly without being required to log into their banking accounts. Pohlmann, Co-founder and CEO of Denario, said:… Read More

June 30, 2022 @ 11:32 am By Omar Faridi  |  

Linnworks, a UK-headquartered digital commerce tech firm, has announced a partnership with the global ‘leader” in commerce technology and payments Payoneer (NASDAQ: PAYO) to “simplify cross-border and B2B transactions for their customers.” The partnership will “provide retailers with integrated options to receive funds and make… Read More

June 30, 2022 @ 8:16 am By Omar Faridi  |  

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

June 29, 2022 @ 3:17 am By Omar Faridi  |  

Hargreaves Lansdown (HL) has reportedly selected Ecospend, the United Kingdom’s Open Banking provider, in order to offer a “pay by bank” service to its customers. Ecospend’s solution should enable HL’s clients to complete payments directly to their HL accounts more quickly and securely and without… Read More

June 28, 2022 @ 11:34 pm By JD Alois  |  

Leading Asian SME financing platform and emerging neobank Funding Societies is acquiring regional payments solution, CardUp. The terms of the deal were not disclosed. CardUp is a payments provider serving both businesses and individuals. CardUp was founded in 2016 and operates in Singapore, Hong Kong,… Read More

June 27, 2022 @ 9:47 pm By Omar Faridi  |  

Over a third (39%) of American consumers have “permanently” changed how they pay since early 2020, when the COVID-19 pandemic began, reveals research by specialized payments platform Paysafe (NYSE: PSFE). The study also shows that contactless payments have “gone mainstream.” The consumer research, which was… Read More

June 27, 2022 @ 9:23 pm By Omar Faridi  |  

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),  a technology leader in the global payments sector. The collaboration will “help banks revolutionize consumer engagement and enhance user experiences in the region by integrating Spire ‘Ingage’ and Mastercard’s Merchant… Read More

June 27, 2022 @ 12:58 am By Omar Faridi  |  

Splitit (ASX: SPT) and Everyware, a contactless payments and customer engagement solutions company, have agreed to a partnership “to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile installments.” Everyware will integrate Splitit’s Installments-as-a-Service into its platforms “to deliver… Read More

June 26, 2022 @ 3:32 pm By Omar Faridi  |  

Kasheesh, a “first-to-market” digital payment platform, allows people to split payment for online purchases “across multiple combinations of debit and credit cards in any way they want, without added cost or interest hikes.” As part of its launch, Kasheesh has also announced it has raised… Read More

June 25, 2022 @ 7:06 pm By Omar Faridi  |  

Finastra recently announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected “the latest version of Fusion Global PAYplus for increased efficiency and innovation in payments.” Finastra‘s payments hub will also “help the bank migrate to the new… Read More

June 25, 2022 @ 11:28 am By JD Alois  |  

PSD2 or the European Payment Services Directive 2, has been in force since 2016 but payment services providers had until 2018 to adhere to the rules. The EU directive requires providers to incorporate heightened authentication features as well as taking aim at APIs that may… Read More

June 25, 2022 @ 11:17 am By Omar Faridi  |  

The Hokodo team is pleased to announce a Series B fundraise of $40 million that will help them to fulfil their ambition of “enabling 1 million businesses to access a better way to pay by 2025.” As businesses continue to feel the economic impact of… Read More

June 25, 2022 @ 10:24 am By Omar Faridi  |  

Klarna, a digital bank, payments, and credit provider, announced the launch of its new Loyalty Card feature in the Klarna App. This allows app users “to store and access their physical loyalty cards as digital versions.” They can then “collect all points and benefits at… Read More

June 25, 2022 @ 10:21 am By Omar Faridi  |  

Sardine, the behavior-based fraud, compliance and payments platform, announced Simon Taylor as its Head of Content & Strategy. The appointment has been made after Sardine achieved its milestone of acquiring over 100 customers. Sardine aims to transform how companies “move money and fight fraud through… Read More

June 24, 2022 @ 10:37 am By Omar Faridi  |  

Banking Circle, the tech-led B2B payments bank, has further simplified B2B payments by adding Dynamic Sender Name to the suite of solutions “available to payments businesses.” Delivering a consultative approach to ensure Payments businesses have access to the best payment solution for each customer use… Read More

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 23, 2022 @ 6:25 pm By Omar Faridi  |  

Ramp, the payments company making crypto accessible to everyone, recently announced its integration with the GameStop Wallet. The Ramp integration “allows GameStop Wallet users to purchase Ethereum quickly and without needing to leave the Company’s self-custodial Ethereum wallets.” Ramp enables enterprises “to deploy fiat to… Read More

June 23, 2022 @ 9:37 am By JD Alois  |  

Wirex, a global payments platform active in the crypto sector, will be restarting services for UK consumers following “constructive dialogue” with the UK Financial Conduct Authority (FCA). Wirex, based in London, reports over 5 million customers worldwide. In March 2021, Wirex announced it would pause… Read More

June 23, 2022 @ 8:04 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Clark Povey as its new Operations Director “to shape the moments that matter in people’s crypto experience.” Clark has more than 20 years’ experience “leading global operations at financial services and technology companies.” He will… Read More