Tagged: payments

June 25, 2024 @ 11:03 am By JD Alois  |  

Germany based payments platform Nexi says it now enables merchants in Germany to accept in-person contactless payments with Tap to Pay on iPhone. The company added that it will continue to expand the availability of Tap to Pay on iPhone to its customers across Europe… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 23, 2024 @ 11:37 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the financial technology platform for businesses, and SumUp, the global financial technology firm for small merchants, have joined forces in a partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide. With this partnership, SumUp builds on its… Read More

June 23, 2024 @ 8:53 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has released its payment card statistics for the first quarter of 2024, revealing a steady rise in credit card usage and a mixed performance in debit card transactions. As of the end of Q1 2024, the total number of… Read More

June 23, 2024 @ 4:47 pm By Omar Faridi  |  

Lisa Sattler, Director of Policy and Government Relations at Payments Canada, is pleased to share that the proposed changes to the Canadian Payments Act (CP Act) in order “to expand Payments Canada’s membership have received Royal Assent, the final step required for a bill to… Read More

June 22, 2024 @ 9:44 pm By Michael Wong  |  

Indonesia’s government is stepping up its efforts to curb online gambling through a newly formed task force announced by Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto. The task force aims to sever access to international online gambling platforms and closely monitor associated… Read More

June 22, 2024 @ 2:17 pm By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, this week announced its partnership with Eneba, a marketplace with more than 10 million registered users and 80,000 products for gamers. The partnership between dLocal and Eneba aims to create a vector of accessible gaming for… Read More

June 22, 2024 @ 1:57 pm By Omar Faridi  |  

Thunes explains that it’s focused on playing a pivotal role in Poland’s payments landscape. Thunes says that its nationwide network enables seamless payments, “linking bank accounts, digital wallets and merchants.” With Thunes’ Pay and Accept solutions, Polish consumers can easily “make real-time cross-border payouts.” Thunes… Read More

June 22, 2024 @ 8:50 am By Omar Faridi  |  

Federal Trade Commission data reveals that government impersonation scammers are targeting consumers for payments in cash, with the amount of cash reported lost to these scams nearly doubling from 2022 to 2023. The FTC data shows that consumers reported “losing $76 million when paying cash… Read More

June 21, 2024 @ 6:08 pm By Omar Faridi  |  

For small businesses, navigating the set-up of payment acceptance can be confusing and expensive, often requiring significant upfront costs to set up a website, checkout, and POS terminal. This, according to an update from researchers at Juniper Research. However, merchants can now do all these… Read More

June 21, 2024 @ 2:34 pm By Omar Faridi  |  

Verifi notes in a blog post that Visa post-purchase dispute volumes went up more than 7% in 2023 alone. As mentioned in the update from Verifi, the combination of “lost sales, dispute fees, operational costs, relating to disputes, can cause merchants to lose unnecessary revenue.”… Read More

June 20, 2024 @ 7:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced its partnership with MECCA, Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, “amplify customer… Read More

June 19, 2024 @ 7:51 pm By Omar Faridi  |  

Nium, a Fintech providing real-time global payments, announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents. The Nium Airline Payments Solution (NAP) provides “an alternative to travel agent card transactions, using a private… Read More

June 19, 2024 @ 7:12 pm By Omar Faridi  |  

Corpay, Inc. (NYSE: CPAY), a global firm focused on corporate payments, is announcing the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s strategic position in “the payment industry and strengthens its… Read More

June 19, 2024 @ 7:51 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and “accelerate Zilch’s ability to create and launch new products for a broader base of customers.” In… Read More

June 18, 2024 @ 1:02 pm By JD Alois  |  

Mexican payments platform Clip has announced $100 million in funding provided by funds managed by Morgan Stanley Tactical Value. The Fintech said the valuation was “in line” with its Series D funding round. Adolfo Babatz, Clip’s Founder and CEO, said the money represents the validation of… Read More

June 17, 2024 @ 8:41 pm By Omar Faridi  |  

Liberis, the global embedded finance platform announced today, a partnership with Paytrail, the Finnish online payment service provider. Paytrail Financing, powered by Liberis, is designed to “offer e-commerce businesses in Finland revenue-based financing within a simple 4-click journey.” Revenue-based finance is not yet “a staple… Read More

June 17, 2024 @ 8:32 pm By Omar Faridi  |  

With this strategic partnership project, BNP Paribas and BPCE wish to take a major new step in the payments field by jointly acquiring the best technology for processing payments for card holders and merchants. This processor would handle all card payments “from BNP Paribas and… Read More

June 17, 2024 @ 8:28 am By Tony Zerucha  |  

This week, 40Seas, a platform dedicated to financing, managing, and automating B2B payments worldwide, announced the launch of its all-in-one Global Accounts Receivable solution to simplify credit, risk, and invoice management. The 40Seas Global Accounts Receivable platform centralizes invoice data in a user-friendly dashboard, allowing… Read More

June 17, 2024 @ 7:33 am By Omar Faridi  |  

Shift4 (NYSE: FOUR), the enabler of integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations “across… Read More