Tagged: payments

US Retail Sales, Excluding Automotive and Gasoline, Surged 4.6% YoY, Online Sales Up 54.7%, Mastercard Reports

Mastercard (NYSE:MA) reveals that February 2021 was yet another huge month for digital commerce, which increased 54.7% year-over-year (YOY). Mastercard pointed out that despite the “inclement weather” felt across many parts of the country this past month, US retail sales (excluding automotive and gasoline) surged… Read More

James Teodorini from Currencycloud Reveals how Salary Finance Services are Improving Financial Wellbeing of Workers

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More

Women Entrepreneurs Reveal how they Launched Small Businesses During Pandemic, Supported by Digital Payments with PayPal

The Research and Insights team at PayPal (NASDAQ: PYPL) notes that when the COVID-19 pandemic began, Jennifer Vaughan started noticing a visible change in her business’s customer base. Usually, Jennifer’s “high-end” paper store, Mulberry Paper and More, had been appealing to professional artists. However, Jennifer… Read More

Digital Banking: Chime and Plaid are Leveraging ACH Payment Methods to Help Businesses Streamline Operations

Digital bank Chime notes that if you’ve ever tried to schedule an automatic bill payment from your bank account or received a direct deposit, then you may appreciate how convenient these transactions might be. We may be able to avoid many late fees if we… Read More

Finland’s Payment Services Provider Enfuce Secures €7M via Series B from Tencent, Maki.vc

Finland’s payment services provider Enfuce has secured €7 million in capital through a Series-B funding round. Enfuce has received €5 million in funding from Tencent. Another €2 million that was part of the investment round came from previous investor Maki. Prior investment has been supported… Read More

O-City Provides Payments Tech in Partnership with Land Bank of the Philippines

BPC Technology’s payment division, O-City, is partnering with the Philippines’ Land Bank of the Philippines to pilot the country’s digital payments in Public Utility Vehicles such as buses and jeepneys. O-CITY is expected to ensure urban transit systems are interoperable and travelers can pay seamlessly… Read More

Contactless Payment Ecosystem to Reach $4.68T by 2027, N. America to Become Leading QR Code Transaction Market: Report

The “humble” QR code has now emerged from last year as a “versatile” tool for providing an overall improved customer experience (CX). At restaurants, for example, customers are “loving” this contactless option so they safely view menus, order, and make virtual payments with a “snap… Read More

Paysafe Expands Partnership With NeoPollard Interactive to Provide Payment Gateway For Alberta’s Online Gambling Website “PlayAlberta”

  Integrated payments platform Paysafe announced on Wednesday it has expanded its partnership with NeoPollard Interactive (NPi), the provider of iLottery programs in North America. Through this partnership, NPi uses Paysafe’s proprietary payment gateway to power Alberta’s only regulated online gambling website PlayAlberta.ca.  Paysafe further revealed with… Read More

Africa-Based Payments Tech Flutterwave Joins Forces With PayPal

  Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it has joined force with global digital payments giant PayPal. Flutterwave reported that through the partnership, PayPal customers will be enabled to… Read More

Russian Tech Firms Yandex, Mail.ru Group, Ozon, Wildberries to Establish Fintech Businesses that may Compete with Incumbents

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. As first reported by the New Economy… Read More

State Bank of Pakistan Instructs Financial Institutions to Create Chief Digital Officer Role, Offer Better Support for Internet Banking

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

Regtech, Financial Wellness, Debt Investments Startups Among 11 Initiatives to Graduate from StartupBootCamp Fintech Dubai

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

Elizabeth Stark from Lightning Labs Reveals how her Firm Is Developing Second Layer Scalability Solutions for Bitcoin

Crypto exchange OKCoin confirms that they recently became one of the first digital asset trading platforms to implement the Lightning Network (LN), which is a layer-two scaling solution enabling the faster and more efficient transfer of BTC. OKCoin has awarded a new grant to Bitcoin… Read More

South African Fintech Adumo Secures R225 Million from International Finance Corp., IFC Financial Growth Fund

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

JPMorgan Chase & Co Appoints Ex- HSBC Holdings Exec Jeremy Balkin as its Head of Fintech and Innovation for Wholesale Payments

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

Bulgarians can Now Send and Receive Money “Instantly for Free” with Settle, Co-Founder at Management Financial Group Confirms

Stanimir Vassilev, Co-Founder at Management Financial Group (MFG), reveals that Settle is now live in Bulgaria. Vassilev confirmed that Bulgarians are now able to send and receive money “instantly for free” with this new Fintech app that requires “no top-up.” He also mentioned that local… Read More

Open Banking Payments Platform Token and BNP Paribas to Support Financial Transactions with SEPA, PSD2 APIs

Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More

Deepu K Sasidharan from Fintech Adyen Explains how New Web Payment APIs Streamline Digital Transactions

Deepu K Sasidharan, Developer Advocate at payments platform Adyen (AMS:ADYEN), notes that the Payment Request API and the Payment Handler API are new W3C web standards that aim to make the payments process easier on websites. Sasidharan explains that these new standards aim to provide… Read More

JPMorgan to Discontinue Support for Chase Pay by End of March, Shell, Starbucks, Walmart Customers will be Affected

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

Indonesian Online Wallet Platform LinkAja Selects Indian Software Firm PureSoftware’s Arttha Digital Payments Suite

Indonesia’s digital wallet platform LinkAja has chosen Indian software firm PureSoftware’s Arttha digital payments suite which will be powering the wallet provider’s core systems. The move is said to be consistent with LinkAja’s goal to further expand and strengthen its market presence as a payment… Read More

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