Tagged: payments

February 10, 2021 @ 4:03 pm By Samantha Hurst  |  

    Digital asset marketplace OKEx announced on Tuesday its wallet integration with blockchain domain provider Unstoppable Domains.  According to OKEx, Unstoppable Domains has already launched thousands of websites in the decentralized web, registering more than 250,000 domains to date. The integration with OKEx wallet will help… Read More

February 9, 2021 @ 8:37 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of a money transfer service to Pakistan in partnership with HBL, Pakistan’s largest commercial bank. The new service will allow Pakistanis living in the UK, Europe and Australia to send money in minutes, according to… Read More

February 8, 2021 @ 2:56 pm By Samantha Hurst  |  

    Bottomline (NASDAQ: EPAY), a U.S.-based fintech that makes complex business payments simple, smart and secure, announced on Monday it has expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform. According to Bottomline, the platform empowers financial managers to… Read More

February 8, 2021 @ 8:23 am By Samantha Hurst  |  

  SellersFunding, a global financial platform provider, announced last week the release of its streamlined cross-border eCommerce payments system to help online merchants avoid hefty currency conversion fees and payment fees for sales in the UK and EU. Sellersfunding reported that as a solution, it… Read More

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

HM Revenue and Customs revealed on February 3, 2021, that Open Banking service provider Ecospend has been selected to build-out its digital payments infrastructure. In September 2020, HMRC had placed a £3 million contract out to tender in order to upgrade the group’s bank transfer… Read More

February 2, 2021 @ 8:22 am By JD Alois  |  

Payments Fintech PayU has partnered with Silverflow, a cloud-based payments processing startup, to offer Payment Service Providers (PSPs) a new card acquiring process. According to a release, by combining Silverflow’s direct connection to the card networks with PayU’s acquiring capabilities, the two companies will improve… Read More

February 2, 2021 @ 8:01 am By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) recently examined the major shifts that are shaping the North American payments space (from the experts at Google Pay, GoFundMe, and Adyen). Adyen noted that in October 2020 they virtually welcomed merchants and payments experts for discussions during the Payments Decoded… Read More

January 28, 2021 @ 12:18 pm By JD Alois  |  

Payment solutions provider Nuapay has partnered with Beam to provide open banking payments to its clients on WooCommerce. Nuapay reports that after a successful pilot, the Beam service is available now to almost 100,000 websites using WooCommerce to sell goods and services in the UK…. Read More

January 27, 2021 @ 3:17 pm By JD Alois  |  

kevin., a Lithuania-based Fintech startup, has raised €1.5 million in seed funding to further develop its “first of its kind” P2D2 product for mobile payments. kevin.’s solution is a PSD2-based open banking API that has been used to directly compete with card networks for mobile… Read More

January 27, 2021 @ 8:08 am By Samantha Hurst  |  

  Token, an open banking payments platform, announced on Wednesday it raised $15 million through its Series B financing round, which saw participation from SBI Investment Co. Ltd. Sony Innovation Fund By IGV, Octopus Ventures, EQT Ventures, and BNP Paribas’ venture arm Opera Tech Ventures…. Read More

January 26, 2021 @ 8:38 pm By JD Alois  |  

The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow… Read More

January 26, 2021 @ 9:27 am By JD Alois  |  

SIA, a subsidiary of CDP Equity – a holding company of Cassa depositi e prestiti Group that is a digital payments provider and tech-solution for financial services, has signed an agreement with WizKey to launch a platform available to banks, funds, and financial operators to negotiate… Read More

January 25, 2021 @ 9:37 am By JD Alois  |  

Melio, founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz, has raised $110 million at a valuation of $1.3 billion. Melio allows businesses to digitally pay their invoices for free using a bank transfer or debit cards.  The funding round was led… Read More

January 23, 2021 @ 5:26 pm By Omar Faridi  |  

Sweden-based payments company Trustly is reportedly planning to conduct an initial public offering (IPO) during the second quarter of this year. The IPO might value the firm at around €9 billion. Trustly’s owner, Nordic Capital, is currently working cooperatively with Goldman Sachs, JP Morgan and… Read More

January 22, 2021 @ 9:54 pm By Omar Faridi  |  

The team at Venmo, a mobile payment service created by PayPal, notes that their platform began as a social peer-to-peer payments tool for friends and family members to split their meal or share an “unforgettable experience.” The Venmo team confirms that several years ago, they… Read More

January 21, 2021 @ 9:28 am By Samantha Hurst  |  

Paystone, a payments and integrated software company, announces it secured $69 million in strategic financing from the Canadian Business Growth Fund (CBGF) and the National Bank of Canada. Founded in 2009, Paystone claims to be a leading payment and software company redefining the way merchants… Read More

January 20, 2021 @ 4:06 pm By JD Alois  |  

PPRO, a payments as a service provider based in London, has raised $180 million in financing led by Eurazeo Growth, Sprints, Wellington, and “one of the world’s largest asset managers” who remains unnamed. This most recent funding round arrives after six months when the company… Read More

January 19, 2021 @ 9:52 am By Samantha Hurst  |  

  dLocal, a U.S.-based cross-border payment platform, announced on Tuesday it has formed a new partnership with online lender Dinie to allow global merchants to offer installment payments to their customers in Brazil as a form of small business lending. According to dLocal, this collaboration… Read More

January 18, 2021 @ 4:33 pm By JD Alois  |  

Huobi Global has partnered with BCB Group, to “better globalize” its offerings, according to a release. Huobi is a large digital asset firm based in Asia. BCB Group is a payment services provider that enables clients with European fiat the ability to send fiat to… Read More

January 13, 2021 @ 11:35 pm By Omar Faridi  |  

Bank of Lithuania, the nation’s central bank, has revealed that the number and value of payments completed via its platform, CENTROlink, had doubled last year, while instant payments surged by around four times (when compared to previous years). Keeping these developments in mind, Bank of… Read More