Tagged: payments

February 10, 2025 @ 8:43 am By Omar Faridi  |  

Sebastian Siemiatkowski, CEO and co-founder of Klarna, announced on Saturday that the Swedish buy-now-pay-later (BNPL) Fintech is planning to integrate cryptocurrency into its services. Siemiatkowski acknowledged that Klarna was among the last major fintech players to enter the crypto space. Siemiatkowski, who founded Klarna in… Read More

February 9, 2025 @ 11:15 pm By Michael Wong  |  

Tuma Ventures Limited, a UK-based payments company regulated by the Financial Conduct Authority (FCA), has received approval from the Bank of Tanzania to operate as a licensed Payment System Provider (PSP). With the PSP licence, Tuma Ventures will offer a range of financial services in… Read More

February 9, 2025 @ 2:59 pm By Omar Faridi  |  

Juniper Research says that it defines a QR code payment as a form of contactless payment that allows a transfer to be performed by simply scanning a code. The research report from Juniper Research explained that this definition encompasses both merchant-presented mode (MPM) and consumer-presented… Read More

February 9, 2025 @ 9:02 am By Omar Faridi  |  

Payment provider Rapyd is reportedly in discussions to secure $300 million in funding from investors, valuing the company at $3.5 billion. This valuation represents a significant decline from its peak value of around $9 billion in 2021, and a substantial drop from its early 2022… Read More

February 8, 2025 @ 8:29 am By Omar Faridi  |  

Online payments firm Paysafe (NYSE: PSFE) is reportedly considering a sale after receiving takeover interest, according to a Bloomberg report. The company has enlisted the help of a financial advisor to explore its options, although deliberations are ongoing, and no decision has been made. Paysafe… Read More

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