Tagged: payments

January 7, 2020 @ 9:19 am By Omar Faridi  |  

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

January 7, 2020 @ 1:32 am By Omar Faridi  |  

New research performed in the UK has revealed that fewer business-to-business (B2B) invoices were paid late in 2019 when compared to 2018. Construction company Kier Construction is among several firms that have benefited from the UK’s efforts to settle payments in a timely manner. The… Read More

January 3, 2020 @ 4:55 pm By Samantha Hurst  |  

Uber (NYSE: UBER)  announced on Thursday it has officially completed the acquisition of Careem, an internet platform for ride-hailing that is based in the Middle East. Uber reported that it acquired Careem for $3.1 billion. Founded in 2012, Careem offers services in mass transportation, delivery… Read More

December 31, 2019 @ 2:49 pm By Cali Haan  |  

Square (NYSE:SQ), maker of the popular mobile peer-to-peer payments service Cash App, is hiring a Product Manager to build out Cash App’s cryptocurrency investing services. Cash App’s new Product Manager, Crypto Investing, will focus on growth. The successful candidate will have license to, “own the… Read More

December 30, 2019 @ 10:20 am By Omar Faridi  |  

London-based TransferWise, a privately-held Fintech firm that allows private individuals and businesses to send money abroad at affordable and transparent rates, reveals that it is now a community of over 6 million users, which transfers an average of £4 billion (appr. $5.25 billion) every month…. Read More

December 20, 2019 @ 3:04 pm By Samantha Hurst  |  

Payment processing platform Klarna announced earlier this week it is expanding its partnership with UK-based footwear retailer schuh to allow its service, Pay in 3, to be available in-store at more than 110 outlets across the UK. The company further explained: “The integration of Klarna’s… Read More

December 17, 2019 @ 9:56 pm By JD Alois  |  

As non-bank payments firms rapidly emerge, China has instituted rules for these services to make payments to the state. The measures were revealed on December 6, 2019 and come into effect on January 6, 2020. As part of the process the People’s Bank of China… Read More

December 17, 2019 @ 9:38 pm By Omar Faridi  |  

VoPay, a payment technology layer that allows companies to accept, collect and send online bank account payments like credit cards, has teamed up with Hydrogen, an American Fintech acceleration platform. Both companies aim to work cooperatively to provide end-to-end open banking payments. The partnership will… Read More

December 17, 2019 @ 8:08 am By Samantha Hurst  |  

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday it has expanded its payments network to include Nigeria and South Africa. dLocal reported it now supports more than 300 local payment methods in 17 market… Read More

December 17, 2019 @ 2:36 am By Omar Faridi  |  

TransferWise, a leading UK-based online money transfer service, has teamed up with Paydesk, a British freelance payments platform, to provide payments services to freelancers. The business integration could potentially help more freelancers throughout the world in gaining access to the benefits of Paydesk’s features such… Read More

December 15, 2019 @ 10:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) announced last week it is launching its cross-border payment services in Japan. The company notably partnered with remittance company City Express to launch the service to enable global used-car customers to buy from BE FORWARD, which is one of Japan’s used-car… Read More

December 15, 2019 @ 2:33 pm By Omar Faridi  |  

Indian online payments company Paytm’s parent has secured 4,724 Crore (appr. $660 million) from several large investors including Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and investments are overseen by T Rowe Price. The board members of One 97 Communications Ltd, Paytm’s parent, will be allocating… Read More

December 12, 2019 @ 9:52 pm By JD Alois  |  

If timing is everything, Bill.com (NYSE:BILL) nailed it. The payments and software provider completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Bill.com floated 9.8 million shares at $22 each – raising over $210 million, but the price opened up… Read More

December 11, 2019 @ 8:09 am By Samantha Hurst  |  

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

December 11, 2019 @ 8:01 am By Omar Faridi  |  

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

December 4, 2019 @ 12:31 pm By Samantha Hurst  |  

Judopay, a UK-based “AppCommerce” payments platform, announced on Wednesday it has joined the partner ecosystem that TAB (The App Business) draws on to deliver checkout and payment experiences for clients. Judopay reported that the collaboration will combine the technical capabilities of what the company claims… Read More

December 2, 2019 @ 3:41 pm By Omar Faridi  |  

Paris-based Pixpay, a company (launched in January 2019) that aims to replace cash when parents give pocket money to their children, allows anyone at least 10 years old to open a Pixpay account, acquire a debit card, and start managing their allowance money. Although challenger… Read More

December 2, 2019 @ 1:01 pm By Omar Faridi  |  

Financial Conduct Authority (FCA) regulated e-money institution (EMI), Financial House, has teamed up with ONPEX, an established provider of multi-currency IBAN accounts. The partnership is aimed at enabling the EMI to provide international transaction banking services to its client base. UK-headquartered Financial House offers software-as-a-service… Read More

November 30, 2019 @ 12:31 pm By JD Alois  |  

Decimal Factor has topped its £850,000 crowdfunding goal on Seedrs. The Fintech is offering a 4.76% equity stake at a pre-money valuation of £17 million and has now inched into over-funding mode. So far, 88 investors have backed the firm representing an average investment of… Read More

November 29, 2019 @ 11:19 am By Omar Faridi  |  

Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction. Tencent led Ualá’s $150 million Series C investment round…. Read More