Tagged: payments

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

May 31, 2021 @ 1:43 pm By Omar Faridi  |  

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

May 31, 2021 @ 8:53 am By Omar Faridi  |  

UK-based payments platform GoCardless notes that Yorkshire Energy CEO Anne Faulder, who has a background in executive roles in local and central government (and the NHS), understands how building a “strong culture” around shared values is “vital” for any business that wants to “make a… Read More

May 28, 2021 @ 4:47 pm By Samantha Hurst  |  

  Global fintech Circle announced on Friday it secured $440 million through its latest investment round.  Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, as well as Michael J…. Read More

May 27, 2021 @ 11:47 pm By Omar Faridi  |  

Indian neobank Razorpay notes in a blog post that we are living in a world with “ever-increasing” consumer expectations and “endless options” to choose from these days. The Razorpay team points out that competition among businesses has been increasing over the years. This has helped… Read More

May 27, 2021 @ 5:33 pm By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, notes that embedded financial services can be considered the fourth platform. UK-based Modulr writes in a blog post that embedded financial services have kicked off an “exciting innovations race.” The company also mentions that… Read More

May 26, 2021 @ 10:05 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation revealed on Wednesday (May 26, 2021) that MAS will be joining the Mojaloop Foundation as a Sponsor-level member in order to collaborate on offering the underserved access to “affordable” financial services via digital currency based settlement… Read More

May 26, 2021 @ 8:24 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has finalized a $125 million Series B round that was led by One Peak, along with contributions from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing investors including Silicon Valley-based Plug and Play. The capital… Read More

May 25, 2021 @ 10:27 am By Samantha Hurst  |  

    Financial Software and Systems (FSS), a globally leading provider of integrated payment products and a payments processor, announced on  Tuesday significant enhancements to its prepaid multi-currency card offering, aimed at providing greater choice, security, and convenience to international travelers.  According to FSS,  FSS… Read More

May 24, 2021 @ 11:05 pm By Omar Faridi  |  

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

May 24, 2021 @ 10:37 pm By Omar Faridi  |  

i2c Inc., an established provider of digital payment and banking tech, revealed on Monday (May 23, 2021) that it has partnered with INVESTBANK, a bank offering various financial solutions in Jordan. i2c’s plug-and-play platform will reportedly power credit issuing and acquiring capabilities for INVESTBANK. Through… Read More

May 24, 2021 @ 9:43 pm By Omar Faridi  |  

The State Duma has recently acknowledged that amendments to the Civil Code (in Russia) that cryptocurrencies (or “digital monetary units”) may be considered “a contractual means” of conducting payments in the country, according to Pavel Krasheninnikov, Chairperson of the Duma Committee on Legislation, at the… Read More

May 24, 2021 @ 10:30 am By Samantha Hurst  |  

  SoftTouch POS & Payments, a U.S.-based fintech that provides point-of-sale, payment gateway, payment processing and integration solution, announced on Monday it has enhanced its solution to include touch-free PayPal and Venmo payment acceptance capabilities. Founded in 2000, SoftTouch describes itself as a next-generation fintech company providing… Read More

May 24, 2021 @ 12:57 am By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported… Read More

May 23, 2021 @ 11:51 pm By Omar Faridi  |  

Digiseq recently unveiled what it claims to be a wearables breakthrough via a mobile app that’s able to turn supported objects, embedded with an NFC chip, into a contactless payments device. Digiseq’s Manage Mii mobile app supports “Rapid Contactless Personalization” for clients to imbue any… Read More

May 23, 2021 @ 9:07 am By Omar Faridi  |  

During the past 10 years, there’s been a significant increase in technology-focused firms that have attempted to disrupt traditional sectors. New initiatives such as payments firm Square (NYSE: SQ) grocery delivery service Instacart, and Uber Technologies (NYSE: UBER) are just some of the companies that… Read More

May 22, 2021 @ 12:11 pm By Omar Faridi  |  

Certegy, an established ACH payments and risk management firm, reveals that it has expanded its Buy Now, Pay Later solution with the introduction of a white label BNPL product. Certegy customers are able to access new APIs and developer tools in order to launch their… Read More

May 21, 2021 @ 8:02 pm By Omar Faridi  |  

For many digital commerce platforms, ACH payments debited directly from customer bank accounts offer a more affordable and accessible alternative to traditional credit cards. Although cards may expire and can also go missing, account and routing numbers for ACH payments tend to be more permanent,… Read More

May 21, 2021 @ 9:04 am By JD Alois  |  

Earlier this week, the UK Financial Conduct Authority issued a “Dear Chief Executive” letter to payment and e-money firms warning about adequate disclosure when it comes to affiliated risk and consumer money. Some Fintechs provide similar services as banks while not being fully regulated as… Read More

May 21, 2021 @ 8:14 am By Omar Faridi  |  

Ireland’s B2B card payments Fintech CleverCards has finalized a €10 million funding round. The company has also acquired a European Money Institution license via the acquisition of spend management service provider, ExpendiaSmart. Since introducing its payments platform back in December 2019, CleverCards has managed to… Read More