Tagged: payments

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

June 17, 2019 @ 11:16 am By JD Alois  |  

Paysend, an FCA regulated payments platform, has officially launched its anticipated stablecoin. The Pays XDR stablecoin is backed by a basket of five fiat currencies including the US Dollar, Euro, Yen, Chinese Yuan and Pound Sterling. The stablecoin is using the Stellar blockchain and is… Read More

June 16, 2019 @ 10:45 pm By Samantha Hurst  |  

Just a little over a week after launching its equity crowdfunding campaign on Seedrs, UK fintech Paysend is now nearing £4.4 million in funding from more than 530 investors. The funding round originally sought to raise £4.2 million, which was secured in three days. Founded… Read More

June 16, 2019 @ 10:25 pm By Samantha Hurst  |  

Payment process platform Square announced last week it has formed a new partnership with the Ogden Raptors, which is a professional minor league baseball team and affiliate of the Los Angeles Dodgers, to provide what it claims to be a faster and more convenient payment… Read More

June 16, 2019 @ 2:49 pm By Cali Haan  |  

Jack Dorsey, self-taught programmer and co-founder of Twitter and Square gave two interviews this week in which he talked up Square’s recent efforts to coalesce an in-house team of developers that will contribute to coding Bitcoin and possibly other cryptocurrencies. Square began by providing credit… Read More

June 13, 2019 @ 7:48 am By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday that B2B payments processor and commercial card issuer, Comdata, has joined Business Payments Network (BPN), enabling their 30,000 buyer customers to send payments to suppliers on BPN. Billtrust reported that through the… Read More

June 12, 2019 @ 10:33 am By Samantha Hurst  |  

MoneyNetint a Ripple partner and borderless commerce company, announced on Wednesday it has formed a partnership with global payments company that is delivering acquiring solutions built by merchants for merchants, PXP Financial, to provide cross-border payment processing in the U.S. and EU. MoneyNetint currently offers… Read More

June 12, 2019 @ 7:09 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has cleared the acquisition by PayPal of competitor iZettle. In April, the CMA provisionally found the deal should be cleared. After an initial investigation (Phase 1), CMA raised concerns regarding competition reduction if the acquisition went through. The… Read More

June 10, 2019 @ 7:17 am By JD Alois  |  

Fintech Paysend has quickly topped its £4.2 million target for a crowdfunding round on Seedrs. Launched on June 6, Paysend benefited from a private offering for pre-registered customers. To date, 217 investors have participated in the round which remains open on Seedrs. The round was… Read More

June 9, 2019 @ 10:10 pm By Samantha Hurst  |  

Payments platform Stripe recently announced the launch of Chargeback Protection, which is described as a new service built on Stripe’s machine learning-based fraud tool Radar, that prevents fraud and protects sales against future chargebacks. The platform further explained the new service and what users can… Read More

June 6, 2019 @ 8:35 am By JD Alois  |  

Fintech startup Paysend has added six new countries to the list of jurisdictions where its network is available. Paysend is now available in more than 70 different countries. The news comes alongside a Series B crowdfunding round hosted on the Seedrs platform. Paysend is seeking… Read More