Tagged: payments

February 26, 2021 @ 5:49 pm By Omar Faridi  |  

London-headquartered SETL, a settlement and payments infrastructure provider, has reportedly hired Marjan Delatinne to serve on its executive management team as the company’s Head of Payments. Marjan will be responsible for further expanding SETL’s payments business, and also its market infrastructure and asset management products…. Read More

February 25, 2021 @ 12:34 pm By JD Alois  |  

Payments Fintech Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers…. Read More

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

February 24, 2021 @ 9:02 am By Omar Faridi  |  

Payment company Square Inc (NYSE:SQ) has invested an additional $170 million in Bitcoin (BTC). Square and Twitter CEO Jack Dorsey confirmed on Tuesday (February 23, 2021) that it was time to “double down” on the firm’s commitment to the world’s largest digital currency (in terms… Read More

February 23, 2021 @ 11:35 pm By Omar Faridi  |  

Islamabad-based Fintech firm SadaPay has introduced the region’s first numberless debit card. SadaPay’s management confirmed that the company’s debit card is now officially the first numberless card to be launched across all of the MENA region. The SadaPay team noted in a blog post: “This… Read More

February 23, 2021 @ 2:02 pm By Samantha Hurst  |  

Skrill, an online payments platform, announced on Tuesday its withdrawal feature is now live in European Economic Area (EEA) countries. As previously reported, Skrill provides digital payment solutions to consumers and businesses around the world. The company is headquartered in the UK and has offices… Read More

February 23, 2021 @ 8:10 am By Omar Faridi  |  

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More

February 22, 2021 @ 9:57 pm By Omar Faridi  |  

The reserve bank in Saudi Arabia has introduced an instant payments solution, called the “Sarie” system, in order to carry out low-value transactions within the country. The Saudi reserve bank (SAMA) noted that the new initiative will allow banking customers in the Kingdom to accept… Read More

February 19, 2021 @ 8:29 pm By Omar Faridi  |  

Digital banking challenger BigPay has confirmed that it will be expanding its suite of financial services with the introduction of cash top up at all 7-Eleven stores based in Malaysia. BigPay’s management noted that more than 1.3 million of the firm’s Malaysian clients may now… Read More

February 19, 2021 @ 2:11 pm By Omar Faridi  |  

Nina Stoyanova, Deputy Governor and Head of the Banking Department of the Bulgarian National Bank, has noted that digital technologies have significantly changed the financial services provision business, and the payment sector is “the leader in this trend.” Stoyanova notes that the overall speed of… Read More

February 19, 2021 @ 7:23 am By Samantha Hurst  |  

  Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) announced on Thursday it has joined forces with Southeast Asia’s 2C2P to launch a digital payments platform in Thailand. The banking group reported that through 2C2P’s platform,  corporate clients in Thailand will be able to maximize their business… Read More

February 18, 2021 @ 9:18 pm By Samantha Hurst  |  

  Just a couple of months after securing $95 million through its Series F funding round, UK-based payments platform GoCardless has announced the opening of its New York City office. According to GoCardless, the new office will be led by Nanna Saito Nielsen, VP of… Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More

February 16, 2021 @ 7:03 pm By JD Alois  |  

Money transfer Fintech Joompay has partnered with Visa (NYSE:V) in a move that makes the company a Principal Member of the Visa, allowing it to issue new Joompay cards across Europe. “Getting a Visa Principal Membership is a significant milestone in the development of the… Read More

February 15, 2021 @ 9:45 pm By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that the COVID-19 outbreak has accelerated consumers’ adoption of digital platforms and services. Technically “timid” grandparents have also become a lot more comfortable with video conferencing in a post COVID world, the Adyen team writes in a blog post. People… Read More

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

February 15, 2021 @ 11:39 am By Samantha Hurst  |  

   BlueSnap, an Ireland-based all-in-one payment platform that helps B2B and B2C businesses around the world increase sales and reduce costs, recently announced it has opened a new office in Dublin as the fintech firm expands its global operations. Founded in 2001, BlueSnap states it… Read More

February 14, 2021 @ 11:35 am By Omar Faridi  |  

Digital asset exchange Coinbase recently explained how the company is building digital payments systems. Coinbase says that it aims to create an open financial system for consumers and businesses across the globe. The Coinbase Payments team’s mission is “to empower customers to move money in… Read More

February 13, 2021 @ 9:41 pm By Omar Faridi  |  

Last year was a very transformative year for many Fintechs including PayPal (NASDAQ: PYPL). There was a dramatic surge in digital commerce activity and a record number of new users began using PayPal’s online services (over 72 million). There was also a considerable increase in… Read More

February 11, 2021 @ 8:22 am By Samantha Hurst  |  

  Libeo, a France-based fintech that simplifies the management and payment of supplier invoices for SMEs, announced on Thursday it secured €20 million through its Series A raise with the partners of DST Global, Serena, Breega, and LocalGlobe. Founded in 2019, Libeo claims to be… Read More