Tagged: payments

November 22, 2018 @ 11:25 am By JD Alois  |  

InstaReM, a Southeast Asian payments company, has closed on the first $20 million of a $45 million series, according to a report from the company. InstaReM claims to be funding one of the largest Series C rounds for a Fintech in Southeast Asian history. The… Read More

November 22, 2018 @ 8:01 am By JD Alois  |  

Yoyo Wallet has partnered with easyCoffee to provide mobile payments and loyalty app for the company. easyCoffee is in expansion mode planning to open up 200+ locations across the UK over the next three years. easyCoffee is a coffee chain founded by entrepreneur Nathan Lowry… Read More

November 21, 2018 @ 2:01 pm By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Tuesday it is partnering with Paytm Canada to extend the payment options their customers have to securely and easily use their smartphones to pay for goods and services. According to Paysafe, Paytm Canada launched its first consumer-facing mobile application allowing… Read More

November 21, 2018 @ 5:18 am By Therese Torris  |  

At LendItFintech Europe in London this week, CI caught up with Emmanuel de Cazotte who was recently appointed to head Lemon Way Payment Ltd of the newly opened office in London of the European payment processor. Lemon Way is a payment solution specialized in serving… Read More

November 17, 2018 @ 2:20 pm By JD Alois  |  

CROSS-BORDER INTERBANK PAYMENT AND SETTLEMENTS: Emerging opportunities for digital transformation Three governmental agencies have collaborated on a report pertaining to payments and settlements seeking to join in a push for a unified approach to this sector of Fintech. The Bank of England, Bank of Canada… Read More

November 17, 2018 @ 12:09 pm By Xu Gao  |  

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

November 7, 2018 @ 4:27 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Wednesday it has appointed former Western Union and PayPal executive Rolf Haag as its new Head of Business Solutions. According to BitPay, Haag has nearly 20 years of experience in fintech and will be responsible for the company’s business to… Read More

November 7, 2018 @ 1:34 pm By Samantha Hurst  |  

Australia- based fintech startup INAMO is reportedly testing out its contactless wearables in the U.S. Founded in 2016, INAMO reported it is now seeking to transform the way payments are being made by developing wearable payment devices to make contactless payments faster and simple. “Our waterproof… Read More

November 1, 2018 @ 10:48 pm By Leyla Mammadova  |  

Customers of Leopay have been left unable to access money stuck in their accounts after the Maltese authorities froze activities at a bank co-owned by the Leopay’s founder Christo Georgiev, the Financial Times reported. Clients of the London based payments and transfer firm started filling reports… Read More

November 1, 2018 @ 12:14 pm By JD Alois  |  

Having completed the 7th largest initial coin offering (ICO) of all time at $117 million, PumaPay has recently announced that its 2.0 version of their PullPayment Protocol solution is on Mainnet. PumaPay provides an open source “free-of-charge blockchain-based protocol” that decentralizes the transaction process. The protocol… Read More

November 1, 2018 @ 3:28 am By Erin Hobey  |  

The Dutch payments platform Adyen (AMS: ADYEN) has now expanded its platform’s reach into Canada. In addition, Adyen also announced that four new customers — Dollar Shave Club, Adidas, Busbud and Canada Goose — have selected Adyen as their payments processor in Canada. Key Ayden clients include Facebook,… Read More

October 28, 2018 @ 5:27 pm By JD Alois  |  

Crypterium has announced that as of last week 400,000 users will be given the opportunity to test paying their loans directly via cryptocurrency.  Crypterium is already allowing consumers in Australia to transfer crypto and deposit into bank accounts with a partnership with BPAY. Led by former… Read More

October 25, 2018 @ 4:22 am By JD Alois  |  

Mobile payments and loyalty platform Yoyo has secured $30 million in a partnership agreement from Twitter and Coinbase investor Hard Yaka, according to a note from the firm.  As part of the agreement, Yoyo will integrate its “omni-channel commerce API” with Hard Yaka’s global user identification platform… Read More

October 24, 2018 @ 2:47 pm By Samantha Hurst  |  

WorldFirst, a UK-based multi-currency payments platform, announced on Tuesday it launched its World Account for U.S. businesses and online sellers. The solution made its debut after being launched by WorldFirst Co-Founder and CEO Jonathan Quin and Managing Director Jeff Parker while they were on stage… Read More

October 18, 2018 @ 8:30 am By Erin Hobey  |  

Yandex.Checkout and Sberbank have launched a new B2B Payments service allowing companies to accept online payments from corporate clients.  The new feature aims to reduce the payment process time frame to 1–3 minutes. Yandex.Checkout and Sberbank claim the title for the first platforms to offer… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 10, 2018 @ 8:10 am By JD Alois  |  

Global retailer H&M has invested in Swedish payments Fintech Klarna. According to reports, H&M invested $20 million in Klarna, a company that has now raised over $680 million. Additionally, H&M announced a new global partnership in a release posted on its site. and Klarna will… Read More

October 9, 2018 @ 10:11 pm By Cali Haan  |  

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia’s Data 61 data research arm is trialling an app that uses blockchain to track and issue payments within the country’s National Disability Insurance Scheme (NDIS). According to a CSIRO Data 61 press release, the trial… Read More

October 8, 2018 @ 8:02 am By JD Alois  |  

Dubai will enable residents the ability to may digital payments using blockchain tech in a new partnership with Pundi X, Ebooc Fintech & Loyalty Labs LLC. XPOS devices that facilitate transactions are expected be rolled out at shopfronts in region  with provisions for an increase in coming… Read More

October 5, 2018 @ 8:39 am By Samantha Hurst  |  

On Thursday, Square announced the launch of Square Installments, which is described as a new tool to help customers bring in more customers and grow sales. Square reported that with Square Installments, customers have the freedom to pay for a large purchase by splitting it into… Read More