Tagged: payments

June 13, 2025 @ 10:25 am By JD Alois  |  

European Fintech Recharge says total sales increased by 39% to €695 million in 2024. This drove top-line revenue to increase by 32% to €73.6 million. The company reports that EBITDA has doubled to €8.1 million, and net profit has reached €7.5 million. Günther Vogelpoel, CEO… Read More

June 13, 2025 @ 5:11 am By Omar Faridi  |  

PhonePe Limited announced an IP purchase of conversational engagement platform Gupshup’s proprietary ‘GSPay’ technology stack for enabling UPI-based payments for feature phones. GSPay is a mobile application built “on top of NPCI’s UPI payment solution for feature phones (UPI 123PAY).” PhonePe plans to customize and… Read More

June 12, 2025 @ 5:51 am By JD Alois  |  

Berlin-based Payrails has raised $32 million in a Series A funding round. The investment was led by HV Capital, with continued backing from EQT Ventures, General Catalyst, and Andreessen Horowitz. The total raised to date now stands at $52.8 million. Founded in 2021, Payrails is… Read More

June 11, 2025 @ 11:21 pm By Omar Faridi  |  

Thunes, the so-called “Smart Superhighway” to move money around the world, announces a strategic alliance with Capitron Bank, a financial institution in Mongolia. In joining Thunes’ Direct Global Network, Capitron Bank’s business and retail customers will be able to “send funds instantly across borders to… Read More

June 10, 2025 @ 7:35 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded finance solutions, announced the launch of Request for Payment (RfP), a transformative addition to its growing suite of instant payment capabilities. The capability will streamline “inbound money movement and enhance funding agility across the Real-Time… Read More

June 9, 2025 @ 9:27 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, announced that it has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and… Read More

June 9, 2025 @ 8:04 am By Omar Faridi  |  

Zilch, a London-based ad-enabled Fintech, has announced a multi-year partnership with Visa. The new card will be available as of September. This deal aims to drive growth by paving the way “for innovative new products and enabling the launch of the company’s first-ever physical payments card,… Read More

June 7, 2025 @ 12:41 pm By Omar Faridi  |  

British shoppers refuse to be parted from physical payments cards, despite the popularity of digital services like Apple Pay and Google Pay, new figures from ad enabled payments company Zilch reveal. The research findings from a Zilch poll come as Zilch launches its “first physical… Read More

June 6, 2025 @ 1:40 pm By Omar Faridi  |  

European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. Virtual cards are a digital alternative “to physical credit or debit cards, offering real-time issuance, customisable limits,… Read More

June 6, 2025 @ 1:02 pm By Omar Faridi  |  

ThetaRay, a global firm focused on Cognitive AI financial crime compliance, and Spayce, a cross-border payments platform, announced a partnership to combat evolving financial threats and enhance global payment security. The announcement comes at a time “when the financial crime landscape is undergoing a transformation.”… Read More

June 6, 2025 @ 8:18 am By Omar Faridi  |  

Trustly, the global enabler of Pay by Bank, announced a partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance “the way people participate in one of Europe’s charity-based lotteries by providing seamless, secure, and fast payment processing solutions.” The Swedish… Read More

June 6, 2025 @ 8:15 am By Omar Faridi  |  

TransferMate, the world’s provider of embedded B2B payments infrastructure as a service (IaaS), announced a partnership with Deutsche Bank. The partnership will see TransferMate work with Deutsche Bank in various countries, “enabling TransferMate to provide in-country collections, cross border payments, and the ability to store… Read More

June 5, 2025 @ 8:31 am By Omar Faridi  |  

Thunes, the Smart Superhighway to move money around the world, today announced the further expansion of its Direct Global Network with the launch of direct Pay-to-Bank services in Denmark, Norway, and Sweden. This broadens Thunes’ reach into the Nordic region, “empowering Members of the Thunes… Read More

June 5, 2025 @ 6:32 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an innovator in global payments technology, announced that CIMB Bank, one of ASEAN’s banking groups and Malaysia’s second largest financial services provider, has “chosen ACI’s payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform.”… Read More

June 4, 2025 @ 5:10 pm By Omar Faridi  |  

Checkout.com, a global digital payments provider, today announces its partnership with ASOS, the global online destination for fashion-loving customers. Operating globally, ASOS reportedly “serves a fast-moving customer base and handles a significant volume of transactions daily.” ASOS is built on knowing “what shoppers want and… Read More

June 3, 2025 @ 3:04 pm By Omar Faridi  |  

Deutsche Bank (NYSE: DB) and Mastercard (NYSE: MA) are pleased to announce a strategic partnership designed to accelerate the evolution of open banking and redefine the payment experience for merchants and consumers across Europe. The collaboration will elevate Deutsche Bank’s Merchant Solutions offering, particularly its… Read More

June 3, 2025 @ 3:02 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, unveiled the pilot launch of Klarna Card: a debit product combined with access to built-in flexible payment options, powered by Visa Flexible Credential and issued by WebBank. Unlike traditional credit cards that can see consumers incur additional debt… Read More

June 3, 2025 @ 9:20 am By Omar Faridi  |  

As banks and payment processors look for new ways to attract and retain merchants, bundled services are becoming more common. U.S. Bank recently announced a bundled service that allows businesses to use mobile card readers and provides same-day funding and availability of funds. This setup,… Read More

June 2, 2025 @ 5:38 pm By Omar Faridi  |  

Mastercard (NYSE: MA) introduces Touch Card by Mastercard in Canada, a tactile notch feature designed to help empower the sight loss community. Touch Card is available on the new CIBC Adapta Mastercard, “helping bring security and independence during the payment process.” Eight in ten Canadians agree… Read More

June 2, 2025 @ 2:52 pm By Omar Faridi  |  

PayPal (NASDAQ: PYPL) has announced multiple long-term, strategic partnerships with a range of Germany’s favorite brands, as part of a major expansion into in-store payments. The first resulting initiative – Deal Week – is available to “consumers across Germany today.” Deal Week cashback from PayPal… Read More