Tagged: payments

May 3, 2021 @ 7:50 am By Omar Faridi  |  

UK-headquartered Fintech firm Wise, previously doing business as TransferWise, has introduced a feature allowing Hong Kong residents to receive money from overseas by simply using their cell phone number (through the Faster Payments System or FPS). With this new feature from the cross-border Fintech Wise,… Read More

April 30, 2021 @ 12:05 pm By Omar Faridi  |  

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

April 29, 2021 @ 10:03 pm By Samantha Hurst  |  

  Trust Payments, a global digital payments company, announced on Thursday it has expanded into Ireland, with the plans to open an office in Dublin city center. Founded in 1997, Trust Payments group power the online payments of some of the world’s most well-established companies,… Read More

April 27, 2021 @ 9:50 pm By Omar Faridi  |  

Branch, an Employer Payments Platform, and global card issuing platform Marqeta have shared the findings from a study on the work and payments “preferences” of gig workers. Surveying more than 1,000 workers who began engaging in gig and 1099 work during the past six months,… Read More

April 27, 2021 @ 3:30 pm By Samantha Hurst  |  

  UK-based payments platform GoCardless announced on Tuesday the launch of its open banking payments product, Instant Bank Pay. According to GoCardless, merchants who use Instant Bank Pay may take instant, one-off bank-to-bank payments from new and existing customers while still having the benefits of bank… Read More

April 27, 2021 @ 10:38 am By JD Alois  |  

Payments Fintech Paysend has partnered with open banking platform Plaid to speed up bank authentication and money transfer process for international money transfer customers. Paysend’s money transfer service allows users to pay and send using bank or card details. About 90% of transfers arrive in… Read More

April 25, 2021 @ 4:37 pm By Omar Faridi  |  

Sovereign governments could potentially be the next group to adopt digital assets, according to a report from crypto-assets firm Kraken. Kraken writes in an update that central bank digital currencies (CBDCs) might become “the latest, and perhaps most substantial tool, used to expand their monetary… Read More

April 24, 2021 @ 9:17 pm By Omar Faridi  |  

Saudi Arabia-based Tamara, a Buy Now, Pay Later (BNPL) service provider, recently confirmed that it finalized a $110 million Series A funding round led by Checkout.com. The funds raised will be used by Tamara to scale its professional team, expand into new markets in the… Read More

April 24, 2021 @ 7:37 pm By Omar Faridi  |  

London-based Currencycloud, an established provider of B2B embedded cross-border solutions, recently revealed that it has launched an Asia Pacific (APAC) headquarters in Singapore. Currencycloud‘s new business office, based in Raffles Quay, will act as a hub to help the UK-headquartered Fintech with expanding operations across… Read More

April 24, 2021 @ 6:11 pm By Omar Faridi  |  

Rapyd, a global Fintech-as-a-Service provider, recently revealed that it has teamed up with Lano, a platform that assists businesses with recruiting and managing their global teams, in order to power their global payment and disbursement capabilities. As stated in a release, this past year marked… Read More

April 24, 2021 @ 2:37 pm By Omar Faridi  |  

UK-based banking challenger Monzo recently revealed that it has added new features for its customers’ connected accounts and virtual cards. The Monzo team writes in a blog post: “We’ve added some exciting new features to help you get more visibility and control over your other… Read More

April 24, 2021 @ 12:19 pm By Omar Faridi  |  

Last week, the US sanctioned several groups and individuals because of their alleged association with “disinformation” campaigns that were reportedly coordinated by the Russian government. Blockchain analysis firm Chainalysis points out that a few of the sanctioned utilized virtual currency in their “criminal endeavors,” and… Read More

April 23, 2021 @ 1:17 am By Omar Faridi  |  

One-stop business payment solution provider, Safenetpay, has partnered with payments specialist, Banking Circle, to enhance its international payment offering. By utilizing Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions solutions and foreign exchange (FX) capabilities, Safenetpay’s business clients will be able to “access additional currencies,… Read More

April 21, 2021 @ 11:17 pm By Omar Faridi  |  

Enterprise payments platform Candex has reportedly secured $20 million in capital via a Series A funding round that was led by Altos Ventures along with participation from NFX, American Express Ventures, and JP Morgan. Launched in 2011, Candex serves as a master vendor for small… Read More

April 21, 2021 @ 3:14 pm By Samantha Hurst  |  

  Tribal Credit, a U.S.-based payment fintech, announced on Wednesday it secured $34.3 million through its Series A funding round, which was led by QED Investors and Partners for Growth with participation from BECO Capital, Global Ventures, OTG Ventures, Endure Capital, and Endeavor Catalyst. Founded in… Read More

April 21, 2021 @ 8:27 am By Omar Faridi  |  

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

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

UK-based Fintech Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round. The firm’s management noted on April 20, 2021, that this… Read More

April 20, 2021 @ 11:47 pm By Omar Faridi  |  

London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR. Turicum Private Bank is a privately-owned banking institution… Read More

April 19, 2021 @ 10:37 pm By Omar Faridi  |  

Morocco is reportedly one of the most prominent Fintech hubs in the MENA region, as it’s currently home to approximately 13% of around 400 regional Fintech businesses, according to research carried out by financial inclusion supporter Consultative Group to Assist the Poor (CGAP). The report,… Read More

April 19, 2021 @ 10:07 pm By Omar Faridi  |  

China is reportedly expanding its virtual yuan experiments to more local cities, however, there’s no exact timetable for its official launch, central bank Vice Governor Li Bo stated during an annual meeting on Sunday (April 18, 2021) of both Chinese and foreign policymakers, senior executives… Read More