Tagged: payments

November 23, 2021 @ 9:49 am By JD Alois  |  

Azimo and Trustly have partnered to facilitate cross-border payments in Europe. Azimo is a money transfer service that aims to be the best way to send money to more than 190 different countries around the world. Trustly is an open banking platform targeting the payments… Read More

November 23, 2021 @ 8:09 am By Omar Faridi  |  

UK Finance notes in an update that it brought the payments industry together to “consider the future opportunity for open banking payments and how the market could collaboratively shape that future.” There are now more than 2.5 million Open Banking payments every month compared to… Read More

November 23, 2021 @ 8:06 am By Omar Faridi  |  

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

November 22, 2021 @ 8:04 am By Omar Faridi  |  

Peru’s Fintech sector has been expanding at a steady pace during the past few years. There are at least 171 Fintechs operating in the country, as of September 2021. These numbers represent a sizable 16% increase from last year, as well as a yearly growth… Read More

November 21, 2021 @ 3:28 pm By Omar Faridi  |  

Caxton, which claims to be a profitable payments Fintech, has secured 151% (£1,512,752) of its £1M fundraising target from 1011 investors (at the time of writing) via Crowdcube. Caxton, which says it has a great team and proven technology and further claims that 500k+ B2B… Read More

November 20, 2021 @ 1:31 pm By Omar Faridi  |  

Acadia, the provider of integrated risk management services for the derivatives ecosystem, has announced the launch of Payments Manager, which is a suite of workflow automation services focused around improving payments. The payment service will be leveraging Acadia’s position as a key player in the… Read More

November 19, 2021 @ 9:52 pm By Tony Zerucha  |  

Cashfree Payments, an Indian payments and API banking solutions company, this week launched Token Vault, a tokenized solution enabling merchants to save card network tokens, while staying compliant with Reserve Bank of India (RBI) guidelines. Token Vault also processes payments using tokenized cards as a… Read More

November 18, 2021 @ 10:48 pm By Omar Faridi  |  

Indonesia-based digital wallet OVO is teaming up with financial marketplace Bareksa and Bahana TCW Investment Management in order to introduce a fixed-income product. The Bahana MES Syariah Fund Kelas O is reportedly being offered only via the OVO app as part of the digital wallet’s… Read More

November 18, 2021 @ 3:59 pm By Omar Faridi  |  

Payments Fintech mx51 has reportedly hired ex- Mastercard Australia VP Varghese Mathew to serve as its Chief Customer Officer. Varghese brings around 10 years of industry experience in financial services and tech to the role, occupying key roles at Mastercard, The Boston Consulting Group and… Read More

November 18, 2021 @ 3:51 pm By JD Alois  |  

Bitso, a top crypto platform in Latin America that reports over 3.3 million users, has launched “Bitso Shift,” a service that allows Mexican people and companies to send and receive payments between Mexico and the United States. According to Bitso, Bitso Shift is targeting Mexican… Read More

November 18, 2021 @ 2:49 pm By Omar Faridi  |  

As the demand for fast, highly secure, and seamless virtual payments solutions continues to rise, Mastercard (NYSE: MA) has teamed up with Home Remitt in order to support migrants residing in South Africa by safely sending funds in near real-time to their friends and family… Read More

November 18, 2021 @ 10:23 am By Omar Faridi  |  

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

November 18, 2021 @ 10:17 am By Omar Faridi  |  

PayZen, which claims to be a “mission-driven” Fintech addressing healthcare affordability, has announced it completed a $15 million Series A round. SignalFire has reportedly led the Fintech firm’s investment round, along with contributions from Link Ventures and 7wireVentures, as well as existing investors Viola Ventures… Read More

November 17, 2021 @ 10:00 pm By JD Alois  |  

Airwallex has raised an additional $100 million at a $5.5 billion valuation, according to a note from the company. The funding was an “E1” round and part of a wider $300 million Series E raise. Airwallex says the Series E1 round was oversubscribed, on the… Read More

November 17, 2021 @ 3:58 pm By Omar Faridi  |  

Imprint, which provides branded payments and rewards products, has announced a $38 million Series A round that was led by Kleiner Perkins with Fintech Stripe participating. Imprint is focused on developing the “most rewarding, and most inclusive way for customers to pay at the brands… Read More

November 16, 2021 @ 10:23 am By JD Alois  |  

Paysend, a payments Fintech, says that it has topped 5 million customers with 500,000 arriving in the past 6 months. Paysend, founded 5 years ago, claims to be one of the fastest growing Fintechs in the world. Paysend’s platform is designed to remove the need… Read More

November 16, 2021 @ 10:00 am By Omar Faridi  |  

Podium, a communication and payments platform for local businesses, announced on November 15, 2021 that it has acquired $201 million in capital via a Series D round that has been led by YC Continuity, along with contributions from Durable Capital Partners, Arpex Capital, Accel, Album… Read More

November 15, 2021 @ 11:07 pm By Omar Faridi  |  

Finastra has entered into a partnership with Hexaware Technologies  in order to offer managed services for Finastra’s payments solutions deployed via the Cloud. As mentioned in the announcement, the move should assist Hexaware clients in Germany, Belgium, the United Kingdom and Ireland with taking ownership… Read More

November 15, 2021 @ 9:33 am By Omar Faridi  |  

Thyngs, a platform for supporting touch-free instant payments from any physical marketing asset with a key focus on the Charity sector, has secured 85% (£214,864) of its £250,000 target (with 27 days left in the sale), as part of is crowdfunding campaign via Seedrs. Based… Read More

November 15, 2021 @ 7:46 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM) notes that Buy Now, Pay Later (BNPL) is more than just a “modern twist” on layaway. Affirm writes in a blog post that consumers love the flexible payment method as a way to “avoid credit cards and manage their cash flow.” The… Read More