Tagged: payments

March 2, 2020 @ 10:47 am By Omar Faridi  |  

End-to-end integrated payments solution, Sphere, which is powered by TrustCommerce, recently revealed that it has teamed up with VisitPay, a financial engagement platform developer for healthcare customers. Both firms said they will be introducing a mobile payments platform, Text to Pay, which gives healthcare service… Read More

February 27, 2020 @ 9:20 pm By Omar Faridi  |  

An increasing number of Indian consumers are making digital payments at metros and also at stores in small towns. India-based SBI Cards, a major payment solution provider, is reportedly planning to raise approximately $1.4 billion via an initial public offering (IPO) which would be the… Read More

February 26, 2020 @ 4:13 pm By JD Alois  |  

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

February 26, 2020 @ 8:00 am By Samantha Hurst  |  

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday it has completed its first acquisition. The company acquired french payment startup, ProcessOut. The acquisition follows Checkout.com’s $230 million Series A funding round, which values the company at nearly $2 billion. Checkout.com… Read More

February 22, 2020 @ 9:33 am By Omar Faridi  |  

UK-based Fintech Cashplus is updating its mobile-based app with the spend tracking option offered by Google Maps, the company’s management confirmed on February 20, 2020. The Spending Insights feature uses data obtained from Google Maps to identify where and the exact time when a payment… Read More

February 21, 2020 @ 8:25 am By Samantha Hurst  |  

Norweigan Air is set to allow customers to pay for flights using cryptocurrency. According to Coindesk, Stig Kjos-Mathisen, Norwegian Block Exchange (NBX) CEO and son-in-law of Bjørn Kjos, Founder and CEO of Norwegian Air, reportedly stated that his crypto trading platform has successfully developed payment… Read More

February 20, 2020 @ 9:12 pm By Omar Faridi  |  

Banco Central de Brazil, the nation’s reserve bank, is planning to introduce an instant payments solution, PIX, in November 2020.  The Brazilian central bank noted on February 19 that the new instant payments platform will allow users to perform transactions using QR code technology. It… Read More

February 19, 2020 @ 11:26 pm By Omar Faridi  |  

WorldRemit, a cross-border funds transfer company, revealed on February 19 that it has teamed up with Varo Money, an established Fintech firm focused on providing digital banking services in the US.  According to a press release, the partnership between the two companies will give Varo… Read More

February 18, 2020 @ 9:09 am By JD Alois  |  

The Competition and Markets Authority (CMA) has issued a statement on Bottomline Technology’s purchase of the Experian Payments Gateway (EPG) business from Experian Limited. The purchased platform allows customers of Bottomline and EPG to make payments via the Bacs and Faster Payments Direct Corporate Access systems…. Read More

February 11, 2020 @ 11:32 am By JD Alois  |  

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

February 11, 2020 @ 7:34 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday the launch of its `Consumer Council’ According to Klarna, the global initiative sees the platform invite consumers to a meet-up and share their thoughts on different themes related to their experiences. The platform further explained: “The first Consumer Council… Read More

February 10, 2020 @ 1:51 am By Omar Faridi  |  

London-headquartered Paysend, an international funds transfer company, has confirmed the launch of its money transfer services in Australia. Paysend’s services can now be used in the $1.3 trillion economy to send funds to companies located abroad. The firm said that China, India, and Vietnam are… Read More

February 6, 2020 @ 10:16 pm By JD Alois  |  

Dot, a digital transformation platform for offline to online commerce, has received $8 million in funding led by PayU and Fosun RZ Capital with participation from Info Edge Ventures and more. Dot was founded by PayU India’s ex co-founder Shailaz Nag. Dot says it currently… Read More

February 6, 2020 @ 1:48 pm By JD Alois  |  

Blockchain-based payments platform Paystand has raised $20 million in Series B funding according to a note from the firm. Investors include multiple big names like DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures. Prior investors Leap Global Partners, BlueRun Ventures, all participated… Read More

February 5, 2020 @ 12:20 pm By Samantha Hurst  |  

Aliaswire, a cloud-based payments tech platform, announced on Tuesday it has appointed former PayPal executive Jed Rice as its new CEO and been appointed to its Board of Directors. According to Aliaswire, Rice has more than two decades of senior leadership at enterprise technology companies… Read More

February 4, 2020 @ 7:19 am By JD Alois  |  

Targeting global growth, Bankable, a “Banking as a Service” provider, has formed a partnership with Visa, according to a company release. Bankable said it seeks to provide Visa’s U.S. clients, including corporate customers, access to its real-time and modular banking solutions. Bankable says this will… Read More

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

Bandpay, a newly developed payment technology (paytech) platform which aims to guarantee that music artists get paid for their work, is expected to go live in March of this year on the App Store and Google Play for US-based musicians. Company founder DeCarlos Garrison stated:… Read More

January 28, 2020 @ 3:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) announced on Tuesday that it and La Banque Postale, the banking subsidiary of France’s postal services’ operator, La Poste Group, is now planning to expand its digital payments. Western Union reported that the integration of its global cross-border, cross-currency digital money… Read More

January 28, 2020 @ 2:01 am By Omar Faridi  |  

Germany-based Fintech firm Heidelpay is reportedly seeking acquisitions and might launch an in initial public offering (IPO), according to its CEO, Mirko Huellemann. He recently stated: “An IPO is of course always an option for fresh capital.” Huellemann’s comments regarding the firm’s business plans are… Read More

January 24, 2020 @ 11:02 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a leading international peer-to-peer (P2P) payments and money transfer service provider, revealed on January 23 that it has teamed up with the Suez Canal Bank, an established financial institution that will allow MoneyGram clients to send funds directly to the… Read More