Tagged: payments

October 24, 2024 @ 8:05 pm By Omar Faridi  |  

Criminals appear to be reverting to old-school tactics but with certain new twists, according to payments company Visa’s (NYSE: V) State of Scams Report. The latest Visa Threats Report highlights “emerging” scams targeting consumers, merchants and financial institutions. Ahead of Money20/20 US, Visa, a global… Read More

October 24, 2024 @ 4:25 pm By Omar Faridi  |  

Juniper Research noted that as payment technologies evolve, fintech companies, central banks, and commercial banks are increasingly focusing on the ongoing transition to online methods of payment. Juniper Research added in its update that this trend is evident in the growing preference for using digital… Read More

October 23, 2024 @ 10:11 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the introduction of its QR Code Payments solution. This allows Members of the Thunes’ Direct Global Network – including mobile wallets, neo-banks, and banks with mobile capabilities – to “connect… Read More

October 23, 2024 @ 8:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial platform for global companies, announced its partnership with Aigens, a Hong Kong-based food and beverage (F&B) software-as-a-service (SaaS) provider. Via this collaboration, Aigens incorporates Adyen’s payment capabilities into its Aigens Pay offering, helping restaurants in Hong Kong and Singapore optimize their front- and… Read More

October 21, 2024 @ 11:16 am By JD Alois  |  

Global Fintech Wise (LSE:WISE) says it has expanded its global regulatory footprint as it provides transfers and payments around the world. Wise, based in the UK, has long been a top Fintech that streamlines the process of moving money around the world – typically faster… Read More

October 21, 2024 @ 9:14 am By Tony Zerucha  |  

Unity Wallet (formerly Savl) COO James Toledano believes DeFi has the potential to break Visa’s and Mastercard’s dominance of European payment rails, while also allowing Europe to at least partially free itself from depending on American payment rails. Savi is a self-custodial crypto and Web3 wallet… Read More

October 20, 2024 @ 9:47 pm By Michael Wong  |  

Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More

October 20, 2024 @ 5:45 pm By Omar Faridi  |  

-BVNK announced recently that it is partnering with Circle in an effort to streamline global business payments. BVNK explained that they will be working closely with Circle to bring the utility of stablecoin USDC to more types of payments, which will aim to include global… Read More

October 20, 2024 @ 2:42 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, is pleased to announce a partnership with Bank Rakyat Indonesia (BRI) in order to offer Indonesian customers with real-time international money transfer capabilities. This collaboration aims to streamline the various cross-border offerings for BRI’s individual and corporate… Read More

October 18, 2024 @ 8:04 am By JD Alois  |  

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

October 18, 2024 @ 7:40 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has signed an agreement with a subsidiary of funds advised by Elliott Advisors (UK) Limited for the on-going sale of “substantially all” of Klarna’s short-term, interest free product receivables in the United Kingdom. Klarna will still… Read More

October 17, 2024 @ 11:07 am By JD Alois  |  

Last week, the European Payments Commission (EPC) posted the Verification of Payee (VOP) scheme rulebook following a public consultation. The rulebook is for payment service providers (PSPs) in the Single Euro Payments Area (SEPA). This applies to the EU Instant Payments Regulation (IPR) and the… Read More

October 17, 2024 @ 9:00 am By JD Alois  |  

Zelle is reporting that consumers and small businesses moved $481 billion in the first half of 2024. Zelle is a payments and transfers services that was launched by a consortium of many banks. The feature is designed to compete with the growing number of alternatives… Read More

October 17, 2024 @ 8:18 am By Omar Faridi  |  

Fintech Storfund has deepened its partnership with Mangopay, a modular and flexible payment infrastructure provider for platforms. Building on the two companies’ established partnership, Storfund will now leverage Mangopay’s embedded wallet, local accounts, and FX solutions in order to enhance the support it provides on… Read More

October 16, 2024 @ 5:44 pm By Omar Faridi  |  

Brex, the corporate card and spend management platform for startups and enterprises, and Navan, the solution that makes travel and expense easy,  announced a new joint offering with the launch of BrexPay for Navan. This integrated business travel and payments solution brings together Navan’s travel… Read More

October 15, 2024 @ 8:12 am By Omar Faridi  |  

PitchBook has shared key insights that focus on developments in the Fintech and payments ecosystems. The PitchBook report pointed out that Fintech performance has rebounded with shares of public fintech firms closing higher during Q3 of 2024, tracking the “broader” stock market’s rebound. PitchBook also… Read More

October 14, 2024 @ 8:12 am By Omar Faridi  |  

Klarna, an AI-powered global payments network and shopping assistant, has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback. Klarna merchants have given cashback on $98.4m worth of sales. Over 1,000 cashback… Read More

October 14, 2024 @ 8:11 am By Omar Faridi  |  

Norway, which is globally recognized as one of the world’s most cashless societies and economies, appears to have made it simpler to settle transactions with cash. In what appears to be a significant change in the trend towards avoiding cash transactions, the government and reserve… Read More

October 13, 2024 @ 5:07 pm By Omar Faridi  |  

Volante Technologies, the global enabler of Payments as a Service (PaaS), recently announced that Lakeside Bank, a community bank with over $2.64 billion in assets that specializes in serving mid-sized and larger businesses in Chicago, has selected Volante’s Payments as a Service (PaaS) in order… Read More

October 13, 2024 @ 1:55 pm By Omar Faridi  |  

Citi (NYSE:C) announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating transactions for institutional clients. This marks a key milestone in Citi’s journey to deliver real-time transaction banking services to some of its global clients…. Read More