Tagged: payments

October 31, 2019 @ 12:07 pm By Omar Faridi  |  

London-based Fintech firm Modulr revealed on October 30 that it’s planning to invest most of its £20 million in funding in Scotland’s financial technology sector, in order to promote innovation and support the nation’s role as a leading tech hub. Modulr’s investment-related decision has come after… Read More

October 29, 2019 @ 7:57 am By JD Alois  |  

A recenty survey indicates that merchants are very interested in Open Banking. While the topic started as an esoteric policy goal with few people really understanding what it meant, a report from Sentenial/Nuapay indicates popular interest exists and that 97% of merchants are already looking… Read More

October 27, 2019 @ 11:38 pm By JD Alois  |  

InstaReM, a fast-growing payments Fintech, is rebranding as “Nium.” The InstaReM brand will be maintained as a remittance platform powered by Nium which is being positioned as the “first global payments platform to enable businesses to send, spend and receive money from around the world.”… Read More

October 25, 2019 @ 9:58 am By Omar Faridi  |  

eMarketer reports that for the first time, a generic mobile payment app has become more popular than Starbucks’ mobile app, which was an established leader in the category for many years, even though the app is specific to just one retailer.  Last year, Apple’s (NASDAQ:AAPL)… Read More

October 25, 2019 @ 7:38 am By JD Alois  |  

When you make a payment today using your online bank account it can take days to process. This makes absolutely no sense at all. This is a disservice to users and only benefits big banks as they gain by holding the money as long as… Read More

October 23, 2019 @ 5:14 pm By JD Alois  |  

Global Payments platform PayPal (NASDAQ:PYPL) beat on earnings today and shares in the company responded after hours jumping by over 8%. Revenue for Q3 increased by 19% to $4.38 billion as users increased by 7% during the quarter adding 9.8 million users. In total, PayPal… Read More

October 22, 2019 @ 8:01 am By Omar Faridi  |  

Payments processing firm Wirecard (WDI.DE) has commissioned an independent audit of its accounts by professional services firm KPMG. The audit is being performed to address questions related to allegations of improper accounting by Wirecard’s management.  The audit will commence immediately according to a statement by… Read More

October 20, 2019 @ 3:43 pm By Omar Faridi  |  

A group of automobile manufacturers will reportedly be testing a blockchain-enabled vehicle identification network in November.  According to the Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault have partnered with the Mobility Open Blockchain Initiative (MOBI) in order to develop a system that… Read More

October 19, 2019 @ 7:00 pm By Xu Gao  |  

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

October 18, 2019 @ 8:21 am By JD Alois  |  

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

October 16, 2019 @ 10:36 pm By Cali Haan  |  

The latest Financial Times coverage is casting further doubt on the profitability and integrity of operations at the German payments giant Wirecard. (WDI.DE) Wirecard, for its part, has countered that FT journalists are engaging in collusion with short sellers to devalue the company. In response… Read More

October 16, 2019 @ 10:31 am By Omar Faridi  |  

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

October 15, 2019 @ 11:08 am By Samantha Hurst  |  

PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday its services are now available in Iceland. The company launched in the country with its sales partner, Basko verslanir. While sharing more details about the launch, Udo Müller, CEO of Paysafecard, stated:… Read More

October 11, 2019 @ 10:28 am By Omar Faridi  |  

Six Nordic banks will be funding the development of an international real-time payments system as part of the P27 collective. Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank have reportedly finalized a shareholders’ agreement, formulated a business plan, and agreed to make investments… Read More

October 10, 2019 @ 8:53 am By Samantha Hurst  |  

PayStand, a blockchain-based, B2B payments firm, announced on Thursday it has appointed four globally recognized fintech veterans from Fiserv, PayPal, and Visa to its Fintech Advisory Council. According to PayStand, the council comes on the heels of a record-breaking year for the company, with revenue… Read More

October 9, 2019 @ 2:17 am By Omar Faridi  |  

South Korean mobile payments app CHAI and BGF Retail, which manages CU, Korea’s largest convenience store chain with around 13,500 locations, are developing a blockchain-based platform for conducting offline payments.  The nation’s consumers will be able to make payments by scanning and completing transactions with… Read More

October 8, 2019 @ 12:56 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has teamed up with SES-imagotag to accelerate in-store mobile payments adoption. Through the new collaboration, the two companies are developing a “pay to tag” solution connecting Wirecard’s mobile payment platform with all… Read More

October 7, 2019 @ 4:06 pm By Samantha Hurst  |  

Payments platform Stripe announced on Monday it has launched its services in Malaysia. Stripe reported that businesses throughout the country may now easily accept and manage payments, as well as have access to the full Stripe stack, which includes Billing, Connect, Radar and Sigma. “More… Read More

October 4, 2019 @ 9:26 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has partnered with Rakuten Viber and its partner NeoPay to launch a new money transfer service, Moneytou, for users of Viber, the secure instant messaging app, in Eastern Europe. According to Wirecard,… Read More

October 1, 2019 @ 10:52 pm By JD Alois  |  

Mumbai-based Airpay Payment Services, a payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies. The new partnership will launch “FX Payment”, an international payments solution for its merchants. Airpay’s “FX payment” is an alternative to credit cards… Read More