Tagged: payments

January 2, 2025 @ 8:40 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Hiberbay Ink Al-Saoudia for IT Systems” to provide E-wallet solutions. With “Hiberbay Ink Al-Saoudia for IT Systems,” there are now 27 licensed firms providng payments services across the Kingdom of Saudi Arabia. This decision reflects SAMA’s aim to support… Read More

December 31, 2024 @ 4:41 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has announced a partnership with Dgpays, a financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across the EEMEA region. As part of the partnership, Mastercard and Dgpays will co-develop payment technologies and loyalty solutions tailored… Read More

December 31, 2024 @ 2:04 pm By Omar Faridi  |  

As we get closer to the new year, the team at Melio has shared key trends that they believe are shaping the B2B payments landscape. Melio commented on what we should expect to see in 2025. In 2025, Melio noted that we should expect to… Read More

December 31, 2024 @ 11:33 am By Omar Faridi  |  

Nayax Ltd. (Nasdaq: NYAX), a commerce enablement and payments platform designed to help merchants scale businesses by simplifying payments and maximizing loyalty, announced that it will deploy its EasyFuelPlus, a fuel management system, by OTI PetroSmart, a provider of fuel management and payment solutions, across… Read More

December 29, 2024 @ 6:11 pm By Omar Faridi  |  

PDX Global, a digital banking and payments developer for the crypto economy, announced a successful round of tests of PDX Beam, the end-to-end payment transaction process and seamless crypto-to-cash payments platform for merchants and consumers. PDX has reportedly launched a live public beta test program… Read More

December 27, 2024 @ 8:51 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has expanded their partnership with Woo, the flexible, open-source e-commerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will aim to become a network… Read More

December 26, 2024 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Inc’s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s inbound and outbound payment capability, consolidating all… Read More

December 24, 2024 @ 5:40 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, announced it has entered into a definitive agreement to acquire Payfare Inc. (TSX:PAY), a provider of program management solutions with a focus on new economy workforces. The transaction is subject to obtaining… Read More

December 24, 2024 @ 5:21 am By Omar Faridi  |  

Nordic fintech Two collaborates with Dutch banking platform ABN AMRO to enhance B2B e-commerce payments. Two, a European enabler of B2B payments technology today announces a strategic collaboration with ABN AMRO (abnamro.com), a leading financial institution in the Netherlands. Together, they are reportedly launching a… Read More

December 22, 2024 @ 5:22 pm By Michael Wong  |  

Global alternative investment firm Arcapita and financial infrastructure technology provider Dgpays have acquired a majority stake in NEOPAY, a UAE-based financial institution, in a deal valued at $385 million, according to an announcement. Mashreq Bank, NEOPAY’s founding entity, retains a substantial minority stake, signaling its… Read More

December 22, 2024 @ 5:07 pm By Omar Faridi  |  

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have reportedly greenlighted the acquisition of Transfeera, a fintech that is specialized in various payment solutions for businesses, by PayRetailers, a payments processor. The latest transaction is said to be part… Read More

December 20, 2024 @ 1:50 pm By Omar Faridi  |  

Enfuce, the provider of payment solutions in the Nordics, has partnered with Alisa Bank, Finland’s digital bank, in order to introduce a business credit card tailored for SMEs in Finland. This collab is set to disrupt the SME banking landscape by offering a solution that… Read More

December 20, 2024 @ 6:47 am By Omar Faridi  |  

Worldline (Euronext: WLN), a global enabler of payment services, is pleased to announce the launch of FlexPricing, a feature designed specifically for Independent Software Vendors (ISVs) to earn revenue in innovative and simple ways. With FlexPricing, software vendors can implement flexible pricing strategies that include… Read More

December 19, 2024 @ 12:04 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant is partnering with online membership retailer Fabletics to make payment options more flexible this holiday season and beyond. With Klarna’s flexible payment options, Fabletics’ clients now have more ways to pay. Whether trying to stock up… Read More

December 19, 2024 @ 10:30 am By Omar Faridi  |  

Artificial Intelligence (AI) in digital payment systems is reshaping the payments industry in an era of quick technological transformation. From better fraud detection to more efficient transactions, AI is changing the way of payment processing. Peko Wan, Co-CEO of Pundi X, a provider of blockchain-based… Read More

December 19, 2024 @ 7:33 am By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that it has expanded its partnership with Adyen, the global financial technology platform for businesses. The partnership makes Affirm the Buy Now, Pay Later (BNPL) provider to support… Read More

December 17, 2024 @ 11:00 am By JD Alois  |  

Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and transfers and now offers additional banking features. Morgan Stanley is a prominent investment bank and… Read More

December 17, 2024 @ 7:35 am By Omar Faridi  |  

UK-headquartered virtual payments services provider Modulr has reportedly entered a contract with HMRC for the provision of Confirmation of Payee (CoP) services, which has been secured under the latest Open Banking Dynamic Purchasing System (DPS). As per the latest agreement, Modulr will aim to offer… Read More

December 15, 2024 @ 11:31 am By Omar Faridi  |  

Card Industry Professionals – the Grimsby-based card payment solutions provider – has been acquired by Shift4, a US-based firm that is a global enabler of payments and commerce-enabling technology, listed on the New York Stock Exchange (NYSE:FOUR). The deal provides an exit for Mercia Ventures,… Read More

December 13, 2024 @ 4:33 pm By Omar Faridi  |  

Many more people are now wondering whether stablecoins (or digital tokens backed with fiat currencies 1-to-1 like the US dollar) truly open “remarkable conditions” to enable business onchain? According to a recent update, the answer to this pressing question is yes. However, where lies their… Read More