Tagged: payments

February 7, 2025 @ 1:09 pm By Omar Faridi  |  

Trustly, a provider focused on Pay by Bank services, says it will partner with Spreedly, a payments platform. Trustly and Spreedly expect to provide merchants with full-service access to Pay by Bank to drive improved conversion rates and “optimize payment efficiency across expanded regional and global… Read More

February 7, 2025 @ 12:03 pm By Omar Faridi  |  

AstroPay, a global enabler of digital financial solutions, says that it is redefining financial connectivity in Brazil with its expansion and acquiring a  Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s… Read More

February 7, 2025 @ 6:03 am By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a provider of payments and financial services tech, announced the FirstRand Group will become the “first” financial institution outside of the U.S. to commission Finxact from Fiserv — the ­cloud-native, real-time banking solution that offers enhanced access to data — to… Read More

February 5, 2025 @ 12:51 pm By Omar Faridi  |  

United Fintech, the digital transformation platform, announced the full acquisition of Commercial Banking Applications (CBA), a banking tech provider focused on API-driven trade finance and payments solutions. The acquisition was reportedly financed by equity and debt from existing investors, which include four major banks: BNP… Read More

February 5, 2025 @ 10:30 am By Tony Zerucha  |  

As Open Banking becomes more popular in Latin America, Prometeo is well-positioned to be a major player in the space. Prometeo’s partners, a provider of a single API connecting businesses to every bank in 11 countries, include Santander, Bancolombia, Banco de México, and Chile’s Banco… Read More

February 5, 2025 @ 9:21 am By Omar Faridi  |  

Worldpay, a firm focused on payments tech and solutions, has announced that it entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform based in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of solutions and enable merchants… Read More

February 4, 2025 @ 12:57 pm By Omar Faridi  |  

The partnership between Binance Pay and xMoney, a Web3 payment provider in Europe, highlights the growing significance of web3 technologies in streamlining payments. xMoney operates within a “regulated” framework, complying with the EU’s MiCA regulations. With this partnership, Binance Pay’s merchant network has “grown to… Read More

February 3, 2025 @ 9:13 pm By Omar Faridi  |  

Customers engaging in e-commerce activities via Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a secure way, removing the need to provide sensitive payment card details. The PayTo payment option gives Amazon.com.au customers visibility and control over their… Read More

February 2, 2025 @ 7:54 pm By Omar Faridi  |  

Cedar Money, a payments company that enables cross-border money movement on stablecoins, announced a $9.9 million seed round led by QED Investors, with contributions from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The proceeds from the investment round will enable Cedar Money to accelerate… Read More

January 31, 2025 @ 1:45 pm By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a statement pertaining to an enforcement action against global Fintech Wise. The action arrived with a $2.5 million penalty for the firm. The CFPB claims that Wise failed to serve consumers sufficiently as it misled US customers… Read More

January 31, 2025 @ 12:27 pm By Omar Faridi  |  

Checkout.com, a global digital payments company, announces its partnership with GetYourGuide, the online travel experience platform. According to the announcement, this latest partnership underscores Checkout.com’s commitment to helping “digital-first” businesses to thrive. GetYourGuide is reportedly known for connecting travelers with local providers to book tours,… Read More

January 30, 2025 @ 5:32 pm By JD Alois  |  

UK-based Fintech Wise (LON: WISE) has been penalized by the Consumer Financial Protection Bureau (CFPB). Wise has been ordered to pay $2.5 million for claims of failing to provide disclosures to consumers. The $2.5 million is split between $450,000 in redress for impacted individuals and… Read More

January 30, 2025 @ 12:38 pm By JD Alois  |  

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

January 29, 2025 @ 12:08 pm By Omar Faridi  |  

The turn of the year signifies new beginnings for the blockchain and crypto space, and Ripple claims that it has hit the ground running with advances to its cross-border payments solution. Additionally, Ripple said in a blog post that industry players across the US are… Read More

January 29, 2025 @ 7:49 am By Omar Faridi  |  

Vyne, a London-based real-time account-to-account payments platform, has announced that it will be winding down its UK operations effective April 22. This decision comes just months after Vyne was acquired by Tarabut, a Middle Eastern fintech company. According to a statement released recently on Vyne’s… Read More

January 28, 2025 @ 9:26 pm By Omar Faridi  |  

Derivative Path, Inc., a provider of capital markets technology and derivatives execution services, announced a partnership with Wells Fargo, to enhance the payments capabilities available to banks. Leveraging Wells Fargo’s FX Payment APIs integrated with Derivative Path’s platform, this initiative is designed to work within… Read More

January 28, 2025 @ 11:41 am By JD Alois  |  

Grey and Clear Junction will partner on global payments, according to a company release. Grey is a graduate of Y-Combinator in 2022. The Fintech aims to provide banking services in emerging markets. Current products include multi-currency accounts, real-time money transfers, and virtual cards. Grey targets… Read More

January 28, 2025 @ 10:27 am By JD Alois  |  

X (formerly Twitter) has long been expected to move into the Fintech sector. Today, we have an announcement from X CEO Linda Yaccarino on a partnership with Visa (NYSE:V) to enable peer-to-peer payments. Via X, Yaccarino shared that the “Everything  App” (IE X) will work… Read More

January 27, 2025 @ 12:03 pm By JD Alois  |  

Fintechs Tink, Adyen, and Recharge have announced a Pay by Bank service for the German market. Tink, founded in Sweden, is an open banking platform and part of Visa. Adyen (ADYEN:AMS) and Recharge are in the payments sector. Pay by Bank is when users transfer money… Read More

January 25, 2025 @ 12:36 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Liberty Mutual Investments (LMI), the investment firm of the Liberty Mutual Group of Insurance Companies (LMIG), announced the upsize of their forward flow loan purchase program. Over the… Read More