Tagged: payments

July 21, 2021 @ 12:37 am By Omar Faridi  |  

Fintech firm Paysafe has teamed up with Smart Property Systems in North America. The SaaS platform from Smart Property Systems will be plugged into Paysafe’s integrated payments solution in order to “streamline” rent payments for property managers based in the US as well as Canada…. Read More

July 19, 2021 @ 7:14 pm By Omar Faridi  |  

Visa (NYSE:V) notes in a comprehensive report that the past year and a half has been quite challenging for many individuals and businesses, with the global COVID-19 pandemic “vastly changing the way we live, work and shop.” Visa has released a detailed report in which… Read More

July 19, 2021 @ 10:22 am By Omar Faridi  |  

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical preparations, Paysera will be providing quicker transfers to and from Ukraine to private clients. Transactions will be supported in hryvnias, Euros,… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

July 16, 2021 @ 7:51 pm By Omar Faridi  |  

Aptys Solutions, an established provider of Cloud-powered, end-to-end, virtual payment services to more than 4,500 financial institutions (including quicker payments, mobile P2P, wire, ACH, and inclearing), reveals that Alloya Corporate Federal Credit Union, a major corporate credit union serving 1,400+ credit unions, has converted to… Read More

July 15, 2021 @ 7:50 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

July 15, 2021 @ 6:46 pm By Omar Faridi  |  

Polygon has partnered with Community Gaming in order to enable scalable E-sports tournaments. Built for grassroots tournament organizers, Community Gaming’s platform has been designed to  make it easier to develop custom e-sports tournaments within minutes with preconfigured payments. As noted in a release shared with… Read More

July 14, 2021 @ 2:36 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, and Payfare (TSX: PAY), a Fintech firm focused on offering instant payout and digital banking services for contract professionals, have formed a new partnership in order to expand the reach of Payfare’s platform to the fast-evolving… Read More

July 14, 2021 @ 2:38 am By Omar Faridi  |  

Thunes, a global payments network, has teamed up with ABA Bank so that they can enable Cambodians overseas to send funds back home “quicker and cheaper from around the world.” As noted in a release shared with CI: “Previously, customers making international money transfers to… Read More

July 13, 2021 @ 1:55 am By Omar Faridi  |  

Indian neobank Razorpay recently shared payroll compliance mistakes that businesses should try to avoid. The RazorPay team explains that payroll compliance is one of the “most important” processes a business performs so that it can maintain operations. All businesses in India and globally have to… Read More

July 13, 2021 @ 1:33 am By Omar Faridi  |  

FETCH, a transformative Fintech driving efficiency and precision guest location for food & drink ordering & payments, has secured 179% of its fundraising target through Seedrs with 20 days lefts in the sale. FETCH has acquired £1,794,298 from 329 investors at the time of writing (with… Read More

July 13, 2021 @ 12:31 am By Omar Faridi  |  

India’s digital payments giant Paytm recently introduced Paytm Postpaid Mini, which allows users to acquire small ticket instant loans to help them with managing their monthly or everyday expenses The Paytm team notes in a blog post that their goal is to bring clients the… Read More

July 12, 2021 @ 10:18 am By Omar Faridi  |  

UK-based Weavr, a startup that assists businesses with embedding banking and payments solutions into their mobile or software-as-a-service (SaaS) solutions, has finalized a £7 million seed round. Weavr’s investment round, which is an extension of a £3 million seed capital fundraise during 2020, has reportedly… Read More

July 11, 2021 @ 8:57 pm By Omar Faridi  |  

With changing consumer habits for digital purchasing and a significant increase in customer demand for Buy Now Pay Later (BNPL) payment services in the Australian market, Fintech firm Zip has decided to join forces with Microsoft (NASDAQ: MSFT). Zip says the new partnership is designed… Read More

July 11, 2021 @ 3:37 pm By Omar Faridi  |  

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

July 10, 2021 @ 8:01 pm By Omar Faridi  |  

Nium, a global payments platform, reveals that it has entered a definitive agreement to acquire Wirecard Forex India Pte. Ltd, which serves as a foreign currency exchange, pre-paid card, and remittance service provider for Indian markets. Wirecard Forex has been licensed by the Reserve Bank… Read More

July 10, 2021 @ 7:24 pm By Omar Faridi  |  

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

July 9, 2021 @ 5:27 pm By Omar Faridi  |  

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More

July 9, 2021 @ 2:51 pm By Omar Faridi  |  

The last generation ONE wallet, a newly-launched mobile wallet by Postbank Bulgaria, a member of the Eurobank Group, is the latest service created with assistance from global tech firm, Software Group . Based on Software Group’s Mobile Wallet platform, ONE wallet is a last-generation high-tech… Read More

July 9, 2021 @ 1:30 am By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, notes that they work hard every day to make sure that all of the client communications are clear. The UK-based Fintech is also committed to playing its part in enhancing established standards across the… Read More