Tagged: payments

November 26, 2024 @ 10:54 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant,  reported its financial results for the first nine months of 2024, achieving net income of SEK 216 million in Q3, up 57% YoY. Klarna noted that this marks the Fintech firm’s second profitable quarter, as the… Read More

November 25, 2024 @ 10:13 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant,  announced a global agreement with the technology solutions provider Lenovo. Consumers in 15 European countries are now able to pay for their tech purchases at Lenovo.com using Klarna’s flexible payment methods, including its popular interest-free Buy… Read More

November 22, 2024 @ 10:56 am By JD Alois  |  

On November 18th, Trump Media (NASDAQ:DJT) filed a Trademark application for TRUTHFI, a crypto service. This report follows the news that Trump Media was in discussion to acquire Bakkt (NYSE:BKKT), a crypto trading platform controlled by ICE, the parent company of the New York Stock Exchange…. Read More

November 22, 2024 @ 10:31 am By Omar Faridi  |  

Research from NatWest reveals the fast pace of change in the payments behaviors of consumers across the United Kingdom. As digital payments become more available, in 2024, merely 8% of adults report that they still use cash and coins “all of the time,” according to… Read More

November 22, 2024 @ 8:00 am By Omar Faridi  |  

More changes are expect to the payments landscape during 2025. Looking back at 2024 – the sector has seen the rise of real-time payments, greater cross-border growth and the acceleration of digital wallets. So, what can we expect in 2025? Nick Campbell, Chief Product Officer… Read More

November 21, 2024 @ 9:57 pm By Omar Faridi  |  

Juniper Research has shared key fintech and payments trends in order to  provide industry stakeholders, including banks, intermediaries, and providers, with foresight into emerging technological shifts and market opportunities. Juniper Research stays focused on on identifying and “evaluating the latest disruptive trends in fintech, payments,… Read More

November 21, 2024 @ 5:25 pm By Omar Faridi  |  

Crypto.com and Triple-A announced a partnership that will provide Crypto.com’s customer base access to a range of new merchants. Beginning in Singapore, Crypto.com users can soon make purchases from e-commerce brands directly with crypto from “within their trusted Crypto.com wallet while earning exclusive crypto rewards.”… Read More

November 21, 2024 @ 5:24 pm By Omar Faridi  |  

International payments app Zing, and digital payments provider, Checkout.com, announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app. Zing members can now use multiple top-up tools, including mobile wallets, Apple Pay, and Google Pay, made… Read More

November 21, 2024 @ 2:52 pm By JD Alois  |  

Earlier today, the Consumer Financial Protection Bureau (CFBP) issued final rules on non-bank firms providing payments and transfers. Digital payments have become the norm as people adopt digital wallets, hosted on their smartphones, as simpler and quicker way to transfer funds. While there are many… Read More

November 21, 2024 @ 11:17 am By JD Alois  |  

The Financial Technology Association (FTA) has issued a statement criticizing the Consumer Financial Protection Bureau’s new rules addressing digital payments and transfers. The CFPB revealed final rules today that are said to “strengthen oversight of large technology firms in consumer financial markets” that offer digital… Read More

November 21, 2024 @ 8:22 am By JD Alois  |  

Mercuryo has launched a new program that aims to support 30 Web3 startups. Mercuryo is a payments enabler that seeks to create “a new generation of financial services” by leveraging crypto. The company says that it has decided to support Web3 entrepreneurs as it is… Read More

November 21, 2024 @ 7:33 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced final rules for non-bank digital payments and transfers. The payments sector of Fintech is one of the hottest segments of innovation, as users have quickly adopted digital wallets and more efficient payment methods. The CFPB’s move is… Read More

November 21, 2024 @ 7:15 am By Omar Faridi  |  

Riksbank noted that Sweden needs to modernize its infrastructure and create processes for more secure, efficient as well as accessible retail payments. As noted in the update from Riksbank, these are payments of smaller amounts and a collective term for payments between “private individuals, companies… Read More

November 19, 2024 @ 10:34 pm By Omar Faridi  |  

The Central Bank of Brazil (BCB) noted in an update that Pix now has security rules that apply for registering new devices. As mentioned in the update from BCB, cellphones, computers, and tablets being used in Brazil must now be registered with the bank to… Read More

November 19, 2024 @ 1:13 pm By Omar Faridi  |  

Ascen, the Y Combinator-funded back office platform for contract staffing, announced its partnership with workforce payments platform Branch to offer faster payment solutions for staffing companies. The partnership enables staffing firms that turn to Ascen for EOR and payroll services to offer “same-day payouts” as… Read More

November 19, 2024 @ 11:34 am By JD Alois  |  

The European Union approved the Instant Payments Regulation (IPR) this past March. The goal is to accelerate the rollout of instant payments in Europe and cover credit transfers denominated in Euros within the EU. Payment Service Providers (PSPs) that enable transfers shall also offer the… Read More

November 19, 2024 @ 8:59 am By Omar Faridi  |  

Global payments are becoming a lot simpler for consumers, however, complexity keeps growing behind the scenes, according a report which explores this paradox and the options for providers. The “tantalizing” vision for global payments has been that they’d be safe, simple, quick, inexpensive, and “ubiquitous,”… Read More

November 18, 2024 @ 11:07 pm By Omar Faridi  |  

The Singapore e-commerce market is growing at a steady pace and is now expected to register a “strong” compound annual growth rate of “8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028,” forecasts GlobalData, a data and analytics company. GlobalData’s E-Commerce… Read More

November 18, 2024 @ 5:14 pm By Omar Faridi  |  

Unlimit, the global fintech company, has announced its partnership with Pagaloop, a Latin American B2B payments and cash flow management platform. The partnership will aim to focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate… Read More

November 18, 2024 @ 9:21 am By JD Alois  |  

Last week, the UK government shared its National Payments Vision – what policymakers are seeking to do to enable “world leading payments” for the country. The UK is a global Fintech hub and payments are seem as  vital to the growth of the UK economy…. Read More