Tagged: payments

July 21, 2017 @ 12:24 pm By JD Alois  |  

The Faster Payments Task Force is a group of payment industry stakeholders with representatives from across the payment ecosystem. The group involved over three hundred different stakeholders. The Federal Reserve assembled the task force to help identify and evaluate alternative approaches to implementing safe and… Read More

July 19, 2017 @ 7:22 am By JD Alois  |  

​The Bank of England has announced that non-bank payment service providers (PSP) are now eligible to apply for a settlement account in the Bank’s RTGS or Real Time Gross Settlement system. For Fintech firms, holding their own settlement account at the Bank enables direct access… Read More

July 18, 2017 @ 7:21 am By JD Alois  |  

Form3,  cloud-based platform for global payments processing, has secured a strategic investment from Barclays, the Angel Co-Fund and several individual investors who have joined the existing shareholders in raising $5 million Series A. Form3 is a turnkey solution that is simple to incorporate and pay… Read More

July 13, 2017 @ 4:42 pm By Samantha Hurst  |  

South Korean fintech startup Paycock has reportedly signed a business MOU with AEB IT, a Russian financial IT corporation, and will now begin to commercialize its mobile payment solution into the Russian financial market. Paycock Check is described as a mobile payment service that does… Read More

July 10, 2017 @ 3:26 pm By JD Alois  |  

Wirecard has announced an agreement with Tencent’s WeChat Pay, one of the leading mobile payment solutions in China. WeChat or Weixin are deeply integrated into Chinese people’s daily life with a combined monthly active users of over 938 million. The mobile payment solution, WeChat Pay, has… Read More

July 5, 2017 @ 12:29 pm By Samantha Hurst  |  

Worldpay Group, a British payment processing firm, announced on Wednesday that Vantiv has offered $10 billion towards the fintech company’s acquisition. The companies revealed in a joint statement: “The Boards of Worldpay and Vantiv see compelling strategic, commercial and financial rationale for combining Worldpay and… Read More

July 4, 2017 @ 9:25 am By JD Alois  |  

Singapore-based InstaReM, a digital cross-border payments company, is reporting it has just received a USD $13 million investment led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC). InstaReM said it intends to use the funding… Read More

June 27, 2017 @ 8:35 am By Samantha Hurst  |  

dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced on Tuesday it launched Marketplace Payments, a new payments product designed specifically for marketplaces whose buyers or sellers are based in emerging markets. With dLocal’s Marketplace Payments, companies can easily enable… Read More

June 26, 2017 @ 4:30 pm By Samantha Hurst  |  

dLocal, a fintech company specializing in cross-border payments for emerging markets, announced on Monday it has integrated WeChat Pay, AliPay, and UnionPay to its payment platform. According to dLocal, the three providers have collectively captured over 70 percent of the Chinese market, which notably translated into 2.9… Read More

June 26, 2017 @ 7:26 am By JD Alois  |  

European multi-retailer mobile wallet in Yoyo Wallet has announced a £12 million Series B round. The funding was led by the METRO Group Wholesale & Food Specialist Company, an international specialist in wholesale and food retail with top line revenue of about €37 billion a year. METRO… Read More

June 24, 2017 @ 9:57 am By JD Alois  |  

This trend is picking up speed. Fast growing Fintech firms are looking to receive regulatory approval to operate more like a bank. Klarna, a Sweden based payments platform, was granted a full banking license by the Finansinspektionen, (the Swedish Financial Supervisory Authority) last week. Klarna management… Read More

June 21, 2017 @ 5:29 pm By Cole Lyons  |  

In a recent announcement, SWIFT offered up to €200,000 in funding to Fintechs around the world to develop new overlay services that utilize their new global payments innovation (gpi) platform. The two winning Fintech companies of an Industry Challenge will work with banks on innovations that… Read More

June 9, 2017 @ 6:41 am By Jonathan Nieh  |  

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

June 8, 2017 @ 11:20 am By JD Alois  |  

Transactive has received $1.5 million seed funding from AngelRush. Transactive is a UK based payments platform that integrates the growing number of payment platforms. Transactive describes itself as a “Payments Translator.” Transactive develops transaction-processing software that enables single-source access to payment systems such as Visa… Read More

June 5, 2017 @ 3:57 pm By JD Alois  |  

Different form of peer to peer payments, like Venmo or Square Cash, have quickly become a popular method to send money to friends. This shift from physical to digital has further relegated cash to novelty status as the sheer convenience of tapping a few buttons and… Read More

June 1, 2017 @ 7:42 am By Erin Hobey  |  

Flywire, an international payment solutions provider (formerly peerTransfer),  announced that its acquisition of London-based PACE Invoice, a multi-currency invoicing platform provider and an alumni of Startupbootcamp FinTech London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business,… Read More

May 24, 2017 @ 7:14 am By JD Alois  |  

Judopay, a UK-based “AppCommerce” payments platform, has appointed Ryan Farley as its new CEO. Farley takes over just as Judopay secures reinvestment from key shareholders having exceeded growth expectations over the past year. Judopay predicts mobile commerce (or m-commerce) is set to grow 200% faster… Read More

May 23, 2017 @ 3:21 pm By JD Alois  |  

Typically it is the traditional bank investing in, or acquiring a promising Fintech firm. But in this case it is the other way around. Danish Fintech firm Clearhaus has purchased a 33% stake in Copenhagen Cooperative Bank to adjust its business model. Clearhaus explains that… Read More

May 20, 2017 @ 4:08 pm By JD Alois  |  

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

May 18, 2017 @ 9:19 am By JD Alois  |  

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More