Tagged: payments

September 29, 2021 @ 10:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More

September 28, 2021 @ 10:40 pm By Omar Faridi  |  

Tradeteq has teamed up with Singapore-headquartered eXchange inFinite (XinFin) to provide tokenized trade finance products to institutional investors and has carried out its very first transaction. This is reportedly the first complete end-to-end transaction “following a unique set of regulatory guidelines and trade finance standards,”… Read More

September 28, 2021 @ 10:37 pm By Tony Zerucha  |  

The younger you are, the more warm you are to using social media-based payment apps, new research released this week by GoCardless suggested. The payments infrastructure provider recently surveyed 1,000 American adults about their payment preferences. They found 56% per cent of millennials and 54… Read More

September 28, 2021 @ 3:37 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time payments and virtual payment software solutions, has revealed that the patent for its incremental learning tech  – an innovative approach to machine learning – received “full” approval. Incremental learning tech is a key part of ACI… Read More

September 27, 2021 @ 8:55 am By Omar Faridi  |  

PAX Technology, a leading payment terminal solutions provider, has unveiled the European launch of the M30 & M50 Android PayPhones (at the payment industry’s Money20/20 event in Holland on 21-23 September 2021). The M-series PayPhones are the “first-ever” smartphones with inbuilt point of sale (PoS)… Read More

September 27, 2021 @ 7:49 am By Omar Faridi  |  

UK-based digital bank Monzo notes that clients have been able to pay Direct Debits and “standing orders” from a Pot for a while, and now customers may complete card payments as well  – including via Apple Pay and Google Pay. As explained in a blog… Read More

September 26, 2021 @ 6:38 pm By Omar Faridi  |  

Velmie, a Fintech and banking software service provider, has launched an FX and cross-border transfers module that is connected to providers like Currencycloud, Rapyd, and Nium. Velmie’s white-label platform is currently capable of supporting international payments and funds transfers with customized integration. Global payments and… Read More

September 25, 2021 @ 7:13 pm By Omar Faridi  |  

Serrala, the financial automation and payments software firm, and European Open Banking platform Tink, have formed a partnership for supporting open banking tech services. Through the partnership, the companies will be supporting billers so they can reach clients via every channel to settle bills and… Read More

September 25, 2021 @ 10:59 am By Omar Faridi  |  

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

September 24, 2021 @ 3:43 pm By Tony Zerucha  |  

Plastiq, a smart payments platform for SMBs, this week announced the appointment of Kerry Hatch as its new president and board member. Hatch will play a key role in accelerating the growth of the business by leading the product, engineering, talent, operations, business development, and go-to-market functions at… Read More

September 23, 2021 @ 9:04 am By JD Alois  |  

Vyne, an open banking firm in the payments sector, is claiming the title as the largest seed funding valuation for any UK open banking contender to date. Vyne says it is currently processing millions of pounds worth of transactions each month at a growth rate… Read More

September 22, 2021 @ 11:27 pm By Omar Faridi  |  

WLPayments has introduced its Zero Code Payments as a Service platform. The launch of the new platform has come with a containerized architecture, a server-agnostic approach, along with the integration of microservices. The result of adding these features is an adaptive and fully customizable payment… Read More

September 22, 2021 @ 10:50 pm By JD Alois  |  

SoftBank Ventures Asia has led the $30 million Series A funding round in OY! Indonesia. MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital Pte. Ltd., and Orion Advisors (DST Founders) also participated in the round that had a valuation of around $100… Read More

September 21, 2021 @ 7:38 am By JD Alois  |  

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

September 21, 2021 @ 7:25 am By Omar Faridi  |  

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

September 20, 2021 @ 9:45 pm By Omar Faridi  |  

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

September 20, 2021 @ 8:51 pm By Omar Faridi  |  

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

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

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

September 20, 2021 @ 2:13 pm By Omar Faridi  |  

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

September 20, 2021 @ 6:16 am By Omar Faridi  |  

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