Tagged: payments

September 23, 2020 @ 7:00 am By JD Alois  |  

Payments platform SpotOn has raised $60 million in a Series C funding round. SpotOn is a Fintech that is focused on the retail, services, and restaurant industries. The company has products specifically designed for each vertical, such as appointments, eCommerce, online ordering, and reservation management…. Read More

September 22, 2020 @ 3:20 pm By JD Alois  |  

The ongoing exposé of leaked documents from FinCEN (the enforcement branch of the US Department of Treasury), and allegations of money laundering, continues to ripple through the media. A story shared by NBC News today covers the collapse of Choice Bank, based in Belize, and… Read More

September 22, 2020 @ 2:25 pm By Samantha Hurst  |  

Paysend, a UK-based global payments platform,  announced on Tuesday it is waiving money transfer fees for U.S. customers throughout the month of October 2020 due to the COVID-19 pandemic.  The fee waiving comes just a couple of weeks after Paysend’s U.S. launch. Speaking about the… Read More

September 22, 2020 @ 8:19 am By JD Alois  |  

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

September 21, 2020 @ 8:23 am By Samantha Hurst  |  

    Wirex, a UK-based payments platform, announced on Monday it launched its first crowdfunding campaign through equity crowdfunding platform Crowdcube. Wirex reported it is now seeking to raise £1 million. Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has… Read More

September 20, 2020 @ 8:00 pm By Greg Mitchell  |  

The World Bank estimates there are up to 445 million micro, small- and medium-sized enterprises in the developing world. In Latin America, nearly 90% of all businesses fall into this category. However, many of these businesses operate informally due to a lack of market information… Read More

September 20, 2020 @ 6:53 pm By Omar Faridi  |  

  The global COVID-19 outbreak has led to major socioeconomic changes and uncertainty. It has also led to changes in consumer behavior and preferences, especially when buying and paying for products and services. Individuals and organizations across the globe are increasingly using all-digital platforms and… Read More

September 17, 2020 @ 8:34 am By JD Alois  |  

Following final approval from the Financial Conduct Authority (FCA) Cornerstone has completed the acquisition of FXPress Payment Services – a regulated Authorised Payment Institution providing cross-border payment services. Cornerstone will now operate as Cornerstone FS plc. Additionally, Cornerstone says it has received the consent of… Read More

September 17, 2020 @ 8:14 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Thursday it is firing a “warning shot” at its competitors by launching a comprehensive product overhaul, along with a new Mastercard. According to Wirex, the overhaul kicked off with the release of new features, which includes five… Read More

September 15, 2020 @ 11:09 am By Samantha Hurst  |  

 Visa Canada announced on Tuesday the expansion of the “Click to Pay” feature in Canada. According to Visa Canada, the feature helps consumers make secure, swift purchases across various merchants and platforms, which is now more important than ever before given the world’s accelerated shift… Read More

September 15, 2020 @ 9:10 am By JD Alois  |  

Cross border payments Fintech dLocal has raised $200 million in a funding round led by General Atlantic. The capital infusion sets a valuation on the company of $1.2 billion thus creating a Latin American Fintech unicorn and Uruguay’s first. dLocal is a cross-border payment processor… Read More

September 10, 2020 @ 10:18 am By Samantha Hurst  |  

Visa Inc (NYSE: V) announced on Thursday it has extended its partnership PayPal (NASDAQ: PYPL) to the provider what it believes is faster access to funds around the world. The partnership expansion notably follows the successful launch of the Instant Transfer service across North America, as… Read More

September 9, 2020 @ 3:11 pm By Samantha Hurst  |  

Payroc LLC and its affiliates, a leading merchant acquirer and global payment processing organization, announced on Tuesday its Canadian Integrated Payments Platform (Caledon) has partnered with NMI, a payments enablement platform, to provide a single-source solution to streamline and secure payment acceptance for ISV’s, ISOs… Read More

September 9, 2020 @ 12:42 pm By JD Alois  |  

eBay (NASDAQ:EBAY), the popular e-commerce and marketplace platform, is expanding its in-house payments service to several new countries as it continues its push to offer a direct payment service globally. eBay payments are now available in Italy, Spain and France, according to a note from… Read More

September 9, 2020 @ 10:52 am By JD Alois  |  

Paysend, a UK based money transfer, and payments firm, has expanded its services into the US. According to a release, the company’s move into the US is being enabled by Paysend’s partnership with Central Payments, the payments subsidiary of Central Bank of Kansas City. Paysend… Read More

September 8, 2020 @ 9:00 am By JD Alois  |  

B2B payments Fintech Melio says it has now raised $144 million in total following a Series C funding round this month (August) raising $80 million. Melio previously raised $48 million in March 2020 and closed on $16 million in Seed and Series A funding. Melio… Read More

September 7, 2020 @ 8:01 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Monday the launch of its newly redesigned social shopping mobile app in the UK. According to Klarna, the app has been designed to meet the “shifting expectations” of consumers as they adapt from shopping in-store to online. “The app will… Read More

September 2, 2020 @ 3:41 pm By Samantha Hurst  |  

  Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday the launch of its virtual card for shoppers, which will reportedly enable Sezzle customers to pay using interest-free installments both in-store and online. Sezzle revealed the Sezzle Virtual Card will allow brick… Read More

September 1, 2020 @ 9:58 pm By Samantha Hurst  |  

Mitto, a Spain-based payments app, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. The initiative recently launched and has already attracted 260 Crowdcube investors.  As previously reported, Mitto states it is an app linked to a card that… Read More

September 1, 2020 @ 9:34 am By Samantha Hurst  |  

dLocal, a fintech that specializes in cross-border payments for emerging markets, announced on Tuesday it is has teamed up with Spotify to enable the music platform’s new payment methods for customers in Latin America for Spotify Premium through the use of its payments platform. dLocal… Read More