Tagged: payments

February 15, 2018 @ 8:49 am By JD Alois  |  

Coinbase, one of the largest cryptocurrency exchanges in the world, has launched Coinbbase Commerce, a payments platform that allows merchants to accept digital currency anywhere, anytime. Recently Stripe, a popular payments processor, announced it would stop accepting Bitcoin as payments so Coinbases announcement is timely…. Read More

January 3, 2018 @ 10:10 am By JD Alois  |  

Ant Financial, part of tech conglomerate Alibaba, announced its intent to purchase MoneyGram (NASDAQ: MGI)  a year ago. The acquisition would have combined MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts with Alibaba’s fast growing global Fintech presence. MoneyGram is currently active in… Read More

December 15, 2017 @ 8:50 am By Samantha Hurst  |  

On Thursday, California fintech Edge Mobile Payments announced it has acquired digital payments company Plastc as it prepares to enhance its smartcard technology platform. The new acquisition will also enable Edge to build on Plastc’s progress and accelerate the release of its upcoming Edge Card…. Read More

December 11, 2017 @ 9:45 am By JD Alois  |  

  Hyperwallet, a global payment platform, has formed an arrangment with Amazon to be able to receive disbursements from sales on Amazon’s new Australian marketplace. Hyperwallet said it will now support international seller disbursements from Amazon with its multi-currency payout solution that enables Amazon Marketplace… Read More

December 4, 2017 @ 10:08 pm By JD Alois  |  

In 2015 Viva Republica launched Toss, a peer to peer money transfer App that has become one of the world’s fastest growing financial Apps have now transacted more than USD$ 10 billion with a current run rate of $12 billion per year with $1 billion per… Read More

November 21, 2017 @ 8:52 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched a second consultation on a payments regulatory framework, known as the Payment Services Bill. The Bill is designed to streamline the regulation of payment services under a single legislation, expand the scope of regulated payment activities to… Read More

November 20, 2017 @ 1:37 pm By Samantha Hurst  |  

Ireland-based B2B payment provider TransferMate announced on Monday it received a €30 million investment from Allied Irish Bank (AIB).  Founded in 2010, TranferMate stated it is on a mission to provide businesses with a faster, cheaper, and easier solution for sending or receiving funds globally.TransferMate… Read More

November 20, 2017 @ 9:12 am By JD Alois  |  

The Monetary Authority of Singapore has posted an update on the Singapore Payments Council. According to MAS, the COuncil has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets,… Read More

November 16, 2017 @ 11:34 am By Samantha Hurst  |  

PayStand, a payments-as-a-service platform that uses blockchain to automate and secure business to business (B2B) systems, announced on Thursday it has secured $6 million during its Series A funding round, which was led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE, and… Read More

November 9, 2017 @ 9:32 am By Samantha Hurst  |  

Morgan Stanley Wealth Management announced on Thursday the launch of its new person-to-person payments service called Morgan Stanley Send Money with Zelle.  According to Morgan Stanley, the service enables its clients to send money and receive money from almost anyone with a U.S. bank account using the… Read More

November 3, 2017 @ 7:17 am By JD Alois  |  

Mobile first digital money transfer service WorldRemit has launched instant money transfers to Hungary. The new service lets anyone in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website. WorldRemit’s digital model allows migrants… Read More

November 1, 2017 @ 12:48 pm By Samantha Hurst  |  

Air Canada announced on Wednesday it has formed a partnership with Adyen to provide an international payment solution to all customers. The airliner reported that through this agreement, customers will be able to use their preferred local method of payment when making travel purchases. While… Read More

October 31, 2017 @ 12:09 pm By Samantha Hurst  |  

EMQ, a fintech company with an extensive payment network in Asia, announced on Tuesday it has formed a strategic partnership with QFPay, a global mobile payment and big data technology company from China, to deliver a secure and scalable infrastructure for mobile payments in the… Read More

October 24, 2017 @ 9:47 am By JD Alois  |  

WorldFirst has announced the launch of a multi-currency payment platform that makes international banking that much easier. The new World Account is available now to UK corporate customers. The new service seeks to help SMEs trading internationally that struggle to accomplish their goals using traditional… Read More

October 18, 2017 @ 9:26 am By Samantha Hurst  |  

JPMorgan Chase (NYSE: JPM) has announced it will acquire payments platform WePay. Details on the acquisition were not revealed. A Silicon Valley based Fintech, WePay was launched as a “Payments as a Service” company in 2008. WePay has focused on  focus on platform customers with over 1,000… Read More

October 2, 2017 @ 11:58 am By JD Alois  |  

Sberbank and Telegram have announced the development of a new payment solution for partners using Telegram bots. The solution is described as allowing the acceptance of MasterCard, Visa and MIR card payments. The development also marks the first time Apple Pay and Android Pay can… Read More

September 19, 2017 @ 11:32 am By Samantha Hurst  |  

On Tuesday, Dublin-based fintech startup Alpha Payments Cloud announced it has rebranded to Alpha Fintech. According to the company, the rebranding aims to sow Alpha’s positioning as an end-to-end middleware that connects the merchant buyer and vendor supplier across the entire payments, risk and commerce spectrum… Read More

September 19, 2017 @ 7:54 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published their approach to the EU directive known as PSD2.  This directive defines the requirements for firms that provide payment services and impacts a wide range of financial service firms including Fintechs. PSD2 ostensibly aims to improve consumer… Read More

September 12, 2017 @ 12:16 pm By Samantha Hurst  |  

On Tuesday, Silicon Valley Bank (SVB) and First Data announced applications are now open for the Winter 2017 Class of the accelerator program, Commerce.Innovated. This news comes just one month after the companies announced the four selected startups for the Fall 2017 program. Commerce.Innovated. is described as… Read More

September 10, 2017 @ 9:04 pm By JD Alois  |  

FinTech Australia is sharing that two of their members have been selected to participate in the Swift global FinTech challenge at LATTICE80 on 13 and 14 September 2017. This past June, SWIFT offered Fintech companies from around the world to develop new overlay services that leverage… Read More