Tagged: payments

July 30, 2018 @ 10:43 pm By JD Alois  |  

TransferTo, a cross-border mobile payments network, says its international money transfer business has hit $800 million in the first six months of this year. In 2017 during the same period, TransferTo booked just $310 million. The Fintech also reports it expects to surpass $2 billion… Read More

July 25, 2018 @ 11:46 am By JD Alois  |  

Earlier this week, the Bank of England (BoE) published a document outlining progress on their proof of concept (POC) project for a “renewed Real-Time Gross Settlement (RTGS) service that will deliver a resilient, flexible and innovative sterling payment system for the United Kingdom to meet the… Read More

July 23, 2018 @ 8:12 am By JD Alois  |  

PayU has acquired payments technology platform ZOOZ, according to a release from the firm. The deal is described as supporting PayU’s ongoing expansion into high growth markets in cross border payments. Terms of the deal were not disclosed but PayU says its total sum of… Read More

July 19, 2018 @ 1:32 pm By Cali Haan  |  

A German designer and coder has revealed that payment app (and PayPal subsidiary) Venmo has been publishing the intimate purchase details, profile pics and personal messages of users online- everything from lovers’ quarrel texts to drug deal texts to junk food purchases and purchase locations-… Read More

July 17, 2018 @ 3:54 pm By Samantha Hurst  |  

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced on Tuesday it has expanded its existing strategic cooperation with Mastercard to promote contactless wearable payments. The duo is cooperating among others with Garmin Pay and Wirecard reported that its services will be available in Germany… Read More

July 17, 2018 @ 9:52 am By JD Alois  |  

Fintech Lemon Way, a payment institution regulated by the ACPR – Banque de France,  has received additional funding in the amount of €10 million. The round was led by Breega capital, with the participation from Speedinvest, a Fintech venture capital fund. According to the local… Read More

July 17, 2018 @ 8:03 am By Samantha Hurst  |  

Cryptocurrency services platform Ethos announced on Monday it has formed a U.S. cryptocurrency partnership with merchant services and payment processing organization Payroc. According to Ethos, as part of the partnership, the Ethos Bedrock platform will be integrated with Payroc’s payment gateway platform, which will enable… Read More

July 16, 2018 @ 12:18 pm By JD Alois  |  

UK based Shieldpay has expanded into the US by providing services to car classified site, AutoClassics.com. The Fintech scale up enables sites to become fully transactional marketplaces and offers an instant digital escrow payment solution.  Shieldpay can also accelerate multi-million-pound M&A deals and real estate transactions,… Read More

July 4, 2018 @ 9:17 am By JD Alois  |  

Yoyo, a mobile payment and marketing platform, has announced a partnership with digital ordering firm Preoday to create a way for retailers to provide pre-ordering services across the UK. Yoyo says it will integrate Preoday’s order ahead solution, enabling customers to pre-order within the Yoyo… Read More

July 3, 2018 @ 8:58 am By Samantha Hurst  |  

PaySend, a UK-based global payments platform, announced on Tuesday it secured $20 million through its latest funding round, which was led by investment firm MARCorp Financial. Founded in 2015, PaySend describes itself as a UK fintech company and payments disruptor on a mission to change how money… Read More

June 25, 2018 @ 3:04 pm By Cali Haan  |  

Ant Financial, a payments leg that services Chinese e-commerce titan Alibaba, is trialing a blockchain-based remittance channel connecting Hong Kong to the Philippines, Coindesk reports. Ant Financial made the announcement today in Hong Kong. According to a roughly-translated press release, the new system will transmit… Read More

June 8, 2018 @ 7:30 am By JD Alois  |  

Montreuil, France based Lemon Way is the number one online payment solution for crowdfunding platforms in continental Europe. The company received a payment institution license in 2012. According to the Fintech firm, today Lemon Way provides payment solutions to over 200 crowdfunding sites (both debt… Read More

June 6, 2018 @ 11:00 am By JD Alois  |  

The Bank of England has launched a six week consultation to adopt a common global language on payments known as ISO 20022. The Bank notes that existing standards are fragmented and inconsistent thus complicating the important aspect of the financial industry. By creating a standard,… Read More

June 2, 2018 @ 11:52 am By Xu Gao  |  

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

June 1, 2018 @ 8:26 am By Clayton Moore  |  

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More

May 12, 2018 @ 10:32 am By Xu Gao  |  

PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More

May 9, 2018 @ 10:39 am By Samantha Hurst  |  

Less than a month after launching its global cryptocurrency API solution, Galileo, a U.S.-based payments processors and program management firm,  announced on Tuesday the launch of its new securities solution assist asset managers, registered investment advisors, broker-dealers, wealth managers and robo-advisors to build world-class financial products that… Read More

May 9, 2018 @ 8:30 am By JD Alois  |  

WorldFirst, a Fintech payment platform, is out with a report on UK SMEs. Their ninth quarterly Global Trade Barometer is putting a positive spin on the UK economy as smaller firms position themselves for the post Brexit reality. WorldFirst says more payments are beginning to… Read More

May 8, 2018 @ 8:58 am By JD Alois  |  

Transferwise: Over $1 billion Deposited into borderless accounts in the product’s first year Fintech unicorn TransferWise has launched batch payments, a new feature that enables both international payroll and corporate payments to suppliers. Simultaneously, Transferwise announced that over $1 billion has been deposited into their… Read More

April 18, 2018 @ 10:38 am By JD Alois  |  

The Bank of England has approved the first non-bank payment service provider to join the UK payment system settling in central bank money. Described as a milestone event for the BoE in accommodating innovation, this is the first Fintech to gain direct accesss. Transferwise is… Read More