Tagged: payments

July 26, 2019 @ 11:11 am By JD Alois  |  

International money transfer Fintech Paysend has closed an £8.5 million Series B funding round. The securities offering was combination VC/crowdfunding offer as GVA invested £3.95 million while smaller investors contributed £4.26 million via the Seedrs crowdfunding platform. The additional capital will be used to fuel… Read More

July 25, 2019 @ 9:37 am By Samantha Hurst  |  

Payments platform Stripe announced this week a new and improved onboarding flow for Express accounts. The payments leader reported that based on user feedback and analysis of thousands of Express accounts, it has made a number of updates to the Connect onboarding flow that drove… Read More

July 24, 2019 @ 1:16 pm By Samantha Hurst  |  

German payment platform Wirecard announced on Tuesday it has formed a partnership with Morocco’s national airline Royal Air Maroc to integrate digital payments globally. Wirecard reported it will handle all the payments for the airline’s online and travel agency bookings. “Royal Air Maroc is set… Read More

July 23, 2019 @ 2:25 am By Cali Haan  |  

SWIFT, the company behind the world’s largest electronic payments system, has executed cross-border payments between 7 corresponding countries -Australia, China, Canada, Luxembourg, The Netherlands, Singapore and Thailand- and Singapore, in less than 25 seconds. The trial integrated SWIFT’s gpi Instant network and Singapore’s domestic instant… Read More

July 22, 2019 @ 3:25 pm By Samantha Hurst  |  

UK fintech Paysend is set to close its equity crowdfunding campaign on Seedrs with more than £8.55 million in funding. The campaign was launched last month and quickly secured its initial £4.26 million funding target. Paysend is offering 3.30% in equity at a £124,904,832 pre-money… Read More

July 22, 2019 @ 11:17 am By Samantha Hurst  |  

Paymate, an India-based B2B payments platform, has reportedly secured $25 million through its Series D funding round, which included participation from credit card giant, Visa, as well as other investors like Recruit Strategic Partners (Venture capital Arm of Recruit Co. Ltd. Japan), Brand Capital, existing… Read More

July 17, 2019 @ 4:18 pm By Samantha Hurst  |  

SWIFT, a global member-owned cooperative and provider of secure financial messaging services, announced on Tuesday it has launched a multi-bank GPI payment initiation and tracking service for corporates. The company revealed in a blog post: “Built in conjunction with banks and corporates, we’ve introduced a… Read More

July 17, 2019 @ 9:59 am By Samantha Hurst  |  

Germany-based fintech Wirecard announced on Tuesday its new prototype of a Smart Mirror, developed by Wirecard’s Innovation Lab. The company claimed that the mirror is Germany’s first intelligent mirror through which consumers may also pay for items. “The unique offering offers a completely new customer… Read More

July 16, 2019 @ 10:19 pm By JD Alois  |  

GOJEK, a Southeast Asian unicorn, has received backing from global credit and payments provider Visa. According to a release, Visa participated in GOJEK’s ongoing Series F funding round for an undisclosed amount.  Other investors include Mitsubishi Motors Corporation, Mitsubishi Corporation, and investment from Mitsubishi UFJ… Read More

July 15, 2019 @ 9:34 am By Samantha Hurst  |  

SafeCharge (AIM: SCH) announced last week it has formed a new partnership with Visa Direct, Visa’s real-time push payments platform, to help provide what it claims to be faster payouts for insurance-as-a-service company, Setoo. According to SafeCharge, Visa Direct enables businesses to push funds disbursements… Read More

July 9, 2019 @ 1:50 pm By Samantha Hurst  |  

Bill.com, a business payments and software platform provider, announced on Tuesday it now supports more than 70 countries and 50 currencies worldwide. According to the platform, its international payments services help companies solve the obstacles historically presented by cross-border payments while offering a cost-effective and… Read More

July 7, 2019 @ 6:01 pm By Cali Haan  |  

African technology journalist Andile Masuku has written that corruption around remittances in Africa is so bad, “I have become numb to the daylight robbery that ensues whenever I receive money from abroad or send cash to my family back home.” Masuku cites figures from the World… Read More

July 5, 2019 @ 9:09 am By JD Alois  |  

PayU, Naspers’ payments firm, is expanding into Southeast Asia through the acquisition of a majority stake in Red Dot Payment (RDP), a Singapore-based online payment Fintech. RDP currently serves more than 500 merchants in 22 countries. RDP supports global and local alternate payment methods such… Read More

July 3, 2019 @ 9:18 am By Samantha Hurst  |  

European payments platform Nets announced on Wednesday it has partnered with Sweden payments app, Swish, to launch an in-store payments pilot program. According to Nets, Swiss has mostly been used for account-to-account transact actions and e-commerce payments, The app is now working with Nets to… Read More

June 28, 2019 @ 9:58 am By JD Alois  |  

Facebook’s Libra coin, a stablecoin crypto, may eventually falter and fail. It will take some time for Libra to get its digital sea legs or not. But whether or not you are a Libra fan or detractor, old finance is standing up and taking notice…. Read More

June 28, 2019 @ 8:39 am By Cali Haan  |  

Etienne Goosse, director general of the European Payments Council (EPC), has told Reuters that Facebook’s new cryptographic payments program, Libra, is forcing banks in the Eurozone to rapidly develop an instant payments network for banks in the zone. The EPCs goal is to help harmonize… Read More

June 26, 2019 @ 7:41 am By JD Alois  |  

Revolut has announced that Apple Pay is rolling out in 12 more countries: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Lithuania, Malta, Portugal, Romania, Slovakia, and Slovenia. That makes 28 markets that Apple pay is available for Revolut customers. Revolut customers may use their iPhone, iPad,… Read More

June 19, 2019 @ 11:56 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday the launch of its new palm scanner. According to Wirecard, the new prototype will expand the company’s portfolio in the area of biometric payments and claims it will enable fast, convenient payments without any… Read More

June 18, 2019 @ 3:02 am By JD Alois  |  

MobiKwik has partnered with DT One (formerly TransferTo) to expand internationally. MobiKwik is an India-based Fintech in the payments space. DT One One is a global B2B network for “mobile top-ups/recharge, rewards and airtime credit services.” Indian users will now be able to add money… Read More

June 17, 2019 @ 12:05 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has expanded its cooperation with German retailer, KaDeWe Group, to enable all digital in-store payments. Wirecard reported that through the expansion, it will now handle all cashless payments. “The Wirecard digital financial… Read More