Tagged: payments

November 29, 2019 @ 7:45 am By Omar Faridi  |  

Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of… Read More

November 27, 2019 @ 12:45 pm By Omar Faridi  |  

Enfuce, one of the largest Fintech firms in Finland, has raised €10 million (appr. $11 million) via an investment round led by Maki.vc. The round included venture debt from Nordea, LähiTapiola, and Finnvera. Enfuce is one of fastest-growing Fintechs in the Nordic region. The company… Read More

November 25, 2019 @ 1:35 pm By JD Alois  |  

India’s largest mobile payments company Paytm has confirmed a $1 billion funding round at a valuation of $16 billion. Last month, Crowdfund Insider cited a report that indicated Paytm was planning a $2 billion funding round with a valuation of $15 billion. According to a… Read More

November 23, 2019 @ 1:53 am By Omar Faridi  |  

nsKnox, an established provider of cybersecurity protection for business payment technology, revealed on November 21 that it has teamed up with Big Four auditing firm KPMG. According to a release, KPMG’s Israel division will serve as the global distributor and service provider of, KPMG Secure… Read More

November 21, 2019 @ 12:42 am By Omar Faridi  |  

Sydney-based Tyro Payments, an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, submitted a prospectus on November 18 for conducting a local initial public offering (IPO) that aims to raise A$252.7 million (appr. $173.2 million). Founded in 2003 by Peter Haig,… Read More

November 20, 2019 @ 11:51 pm By JD Alois  |  

Nium, previously operating as InstaReM, has enlisted another partner. Today, Nium has announced an agreement with PhillipBank in Cambodia to provide digital cross border payments for enterprises and financial institutions. Prajit Nanu, co-founder and CEO of Nium said they are delighted to be working together… Read More

November 18, 2019 @ 11:09 pm By JD Alois  |  

NIUM, a digital payments platform based in Singapore formerly operating as InstaReM, has partnered with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. NIUM will power Frente’s cross border payments, according to a release. The move as a significant step for NIUMs… Read More

November 17, 2019 @ 11:33 pm By Omar Faridi  |  

Cashless or digital payments have become increasingly popular, however, cash still remains a widely-used payment method in most nations, especially in rural communities and jurisdictions with a large unbanked population. Following many years of steady growth, the total number of cash withdrawals made via ATMs… Read More

November 16, 2019 @ 11:14 am By Omar Faridi  |  

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

November 14, 2019 @ 11:43 pm By Omar Faridi  |  

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

November 13, 2019 @ 11:45 pm By Omar Faridi  |  

Philadelphia, Pennsylvania-based FreedomPay, a global commerce solution developer, revealed on November 12 that it has teamed up with Marriott International in order to deploy the FreedomPay Commerce Platform across Marriott’s lodging portfolio. Marriott’s management says it intends to use FreedomPay’s platform in the US and… Read More

November 12, 2019 @ 7:16 pm By JD Alois  |  

The recently-rebranded NIUM, formerly InstaReM, has received the Fund Transfers license from the Bank Indonesia and will now offer cross border digital payments. NIUM’s Indonesian operations will be headed by Vadyo Munaan, who comes with experience in financial services and payments industry at organizations including… Read More

November 12, 2019 @ 3:40 pm By JD Alois  |  

Facebook (NASDAQ:FB) has launched a payment platform, Facebook Pay. The new payment service will be available across the entire Facebook ecosystem including Messenger, WhatsApp, and Instagram. The news was revealed in a blog post today by Deborah Liu, VP, Marketplace & Commerce. The payment service… Read More

November 12, 2019 @ 1:55 am By Cali Haan  |  

CEO Patrick Collison of Stripe told Wired magazine last Friday that he’s, “very skeptical of anyone who’s adamant that crypto’s gonna work,” but said he thinks companies should experiment even if the chance of success seems slight. Collison reportedly made the comments while doing on… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

November 10, 2019 @ 12:51 pm By Omar Faridi  |  

First Investment Bank (Fibank), the third-largest bank in Bulgaria, is teaming up with Mastercard to introduce the Apple Pay (NASDAQ:AAPL) service. Fibank customers who have a Mastercard credit or debit card can add it to their Apple Wallet in order conduct fast, secure, and private… Read More

November 7, 2019 @ 11:05 pm By Omar Faridi  |  

American Express and Coupa announced on November 6 the launch of the American Express virtual Card, which will serve as a payment method within Coupa’s business spend management (BSM) platform.  According to release: “The new payment integration with Coupa Pay, a set of payment and… Read More

November 7, 2019 @ 8:12 am By Omar Faridi  |  

Vietnamese Tien Phong Commercial Joint Stock Bank (TPBank) has reportedly teamed up with American Fintech Ripple, in order to join RippleNet, a decentralized network of financial institutions and service providers that allows users to conduct quick and cheap international transactions. Notably, TP Bank was among… Read More

November 1, 2019 @ 5:43 pm By Omar Faridi  |  

Boston, Massachusetts-based Flywire, a Fintech firm focused on solving complex payment problems globally and locally, revealed that it has developed a new international payments solution for Bank of America (BoA).  The new payment system has been specifically designed to streamline international transactions for BoA’s corporate… Read More

October 31, 2019 @ 7:00 pm By Nick Raper  |  

With the implementation of PSD2 in Europe, Open Banking payment solutions are starting to be rolled out across the UK and Europe. But while the core Open Banking payment solutions are live, there is a long way to go until we see the widespread adoption… Read More