Tagged: payments

August 5, 2020 @ 9:19 am By Samantha Hurst  |  

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday its new global look, feel and positioning, which captures the power and value enabled by the platform at a time of incredible growth for the business and its customers. While… Read More

August 4, 2020 @ 1:09 pm By Samantha Hurst  |  

Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will be able to transfer funds to local banks in China. The service will also reduce transaction costs and… Read More

August 4, 2020 @ 9:23 am By Samantha Hurst  |  

    hey, a payments and e-commerce platform in Japan that helps businesses easily create bespoke online stores and process in-store cashless payments, announced on Tuesday it secured a Series E investment, which was led by Bain Capital Tech Opportunities with participation from PayPal Ventures, Goldman Sachs, YJ Capital, Anatole,… Read More

August 3, 2020 @ 11:03 pm By Omar Faridi  |  

Wang Yongli, the former VP of China’s reserve bank, has argued that central bank digital currencies (CBDCs) can serve as a substitute for cash or paper money in circulation. Yongli, the director of the Haixia Blockchain Research Institute, noted that virtual currencies can effectively serve… Read More

August 3, 2020 @ 4:47 pm By JD Alois  |  

Boon, a European payments platform and Apple Pay partner (among others), is shutting down, according to the company. Boon is part of Wirecard (WDI:DE), a Germany based Fintech that recently filed for bankruptcy following revelations of an accounting scandal and allegations of fraud. Boon is… Read More

August 3, 2020 @ 9:21 am By Samantha Hurst  |  

Wirex, a UK-based payments platform, announced on Monday it has launched its first global TV brand campaign. Wirex reported that the TV ad solidifies its core message of empowering people to experience the benefits of a world where all currencies, crypto or fiat, are equal… Read More

July 30, 2020 @ 9:52 pm By Samantha Hurst  |  

Global payments provider Paysafe announced on Thursday it has expanded its omnichannel payments offering for Bump 50:50, the Sportech division providing a digital raffle solution to sports and nonprofit charity foundations. Paysafe reported as North American in-stadium sports return, fans will be able to enter… Read More

July 29, 2020 @ 2:18 pm By Samantha Hurst  |  

SaaS fintech infrastructure development company Alchemy Technologies has formed a new partnership with payment and funding solution LoanPaymentPro to provide lenders and finance companies to provide multiple consumer-facing fund disbursement and payment products, as well as channels, which includes debit card validation, real-time push-to-card funding,… Read More

July 29, 2020 @ 7:46 am By Samantha Hurst  |  

Global payments provider Paysafe announced on Tuesday its latest research shows that subscription-based payments are set for significant growth, with 27% of consumers globally expect the number of subscription payments they make to increase over the next 12 months. According to Paysafe, The research surveyed… Read More

July 29, 2020 @ 7:40 am By JD Alois  |  

Nuapay is now connected with 55 banks operating in France connecting 190 million French bank accounts. Nuapay’s French merchants will now be able to accept instant payments via Open Banking from customers, according to a company release. Nuapay is a subsidiary of Sentenial. The company… Read More

July 27, 2020 @ 12:53 pm By Samantha Hurst  |  

Global payments provider Paysafe announced on Monday it has acquired Openbucks, a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards.  Founded in 2011, Openbucks notably enables U.S. consumers who do not have access… Read More

July 24, 2020 @ 10:19 am By JD Alois  |  

BPC, a UK based payments provider, has partnered with Brazilian Desk, to offer Brazilian micro and small businesses digital financial services. BPC is a decades old firm providing digital solutions around the world. According to its website, BPC processed about USD $1 trillion during 2019…. Read More

July 23, 2020 @ 5:46 pm By JD Alois  |  

Wirecard (WDI:DE), once a Fintech darling that fell through the regulatory cracks and now is one of the biggest financial debacles ever in Germany, is compelling public officials to revamp their approach to compliance and oversight. According to a report in Suddeutsche Zeitung, German Finance… Read More

July 23, 2020 @ 8:17 am By JD Alois  |  

  Payment Fintech Lemonway has been enlisted by EstateGuru to facilitate its expansion across Europe. EstateGuru is a marketplace matching property-backed loans with individual investors. EstateGuru is working on “developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond.”… Read More

July 22, 2020 @ 2:51 pm By JD Alois  |  

North Loop Bank, a Fintech providing “borderless banking,” has integrated Transferwise‘s service to facilitate speedy and inexpensive money transfers at the actual exchange rate. As you should know by now, many traditional financial services firms gouge customers when transferring money. Beyond excessive fees, some firms… Read More

July 22, 2020 @ 2:22 pm By JD Alois  |  

The odyssey of the collapse of Wirecard (WDI:DE) continues to generate headlines as investigators sort through the rubble of the once prominent Fintech. The news has been flowing at a steady pace as pieces of the puzzle are added to Wirecard’s saga as authorities seek… Read More

July 18, 2020 @ 12:54 pm By JD Alois  |  

A former Wirecard (WDI:DE) executive who was based in Dubai but returned to Germany and was quickly arrested wants to cooperate with investigators according to multiple reports. The unnamed individual was previously CEO of Cardsystems Middle East an entity that reportedly generated the bulk of… Read More

July 14, 2020 @ 8:12 am By JD Alois  |  

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More

July 13, 2020 @ 9:14 am By JD Alois  |  

In under three years, UK-based Fintech Paysend has topped 2 million customers mark for its global transfers service, according to a company release. Paysend states that its growth is accelerating as it hit the one million customer mark in September 2019 and surpassed 1.5 million… Read More

July 8, 2020 @ 3:25 pm By JD Alois  |  

At a minimum, Wirecard AG (WDI:DE) has generated a good amount of fascinating, yet disappointing news, as the once high-profile Fintech plunged into bankruptcy. Today, according to WSJ.com, the US Department of Justice is investigating allegations of bank fraud surrounding a cannabis-focused company. While details… Read More