Tagged: payments

August 17, 2024 @ 10:19 am By Michael Wong  |  

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border… Read More

August 16, 2024 @ 10:16 am By Omar Faridi  |  

PensionBee noted that the new Chancellor Rachel Reeves has announced the end of the Winter Fuel Payments for those not receiving Pension Credit. PensionBee explained that the one-off yearly payments have helped pensioners “with the often higher cost of heating in the winter months.” Pension… Read More

August 16, 2024 @ 8:33 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, is announcing an expanded partnership with Tekmetric, an automotive repair shop management solution empowering auto repair businesses nationwide. Now, the thousands of auto repair shops that use Tekmetric’s platform, powered by… Read More

August 15, 2024 @ 2:37 pm By Omar Faridi  |  

Modern Treasury, essential infrastructure for the new era of payments, announced that it has expanded instant payments support for mutual customers of six banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo. Instant payments, powered by the… Read More

August 15, 2024 @ 9:48 am By Omar Faridi  |  

Capchase notes in a blog post that Tekpon is an online marketplace for software solutions across sectors. Their platform connects businesses with the software solutions “that are right for them, featuring user reviews, product overviews, and ratings that help buyers cost-effectively optimize their software stack.”… Read More

August 15, 2024 @ 9:22 am By Omar Faridi  |  

Paddle, the payments infrastructure provider, has opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas. The potential for AI startups is huge, “with… Read More

August 14, 2024 @ 4:39 pm By Omar Faridi  |  

Alchemy Pay is working with Mesh, a connectivity layer for crypto that aims to make payments and deposits seamless. Alchemy Pay has integrated the Mesh API into its crypto payment solution, “enabling users to purchase goods and services at online and offline merchants using crypto funds… Read More

August 14, 2024 @ 2:15 pm By JD Alois  |  

As Apple (NASDAQ:AAPL) will soon open payments on their iPhone to third parties, stablecoin issuer Circle says it will soon compete with other traditional payment providers. According to Apple, in-app, NFC transactions will be opened to developers with the release of iOS 18.1. “APIs, developers… Read More

August 14, 2024 @ 5:05 am By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly “with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard… Read More

August 13, 2024 @ 10:01 pm By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, announces it has hit growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end. Thunes’ growth journey is fueled by “demand for its proprietary Direct Global Network for… Read More

August 13, 2024 @ 10:00 pm By Omar Faridi  |  

Stenn, the working capital digital platform, has partnered with Payyd, a firm focused on dynamic payments technology, to help power growth for Indian exporters. The collaboration delivers access “to Stenn’s innovative invoice financing, providing Payyd’s customers with on-demand capital through converting outstanding invoices into cashflow.”… Read More

August 13, 2024 @ 7:12 am By Omar Faridi  |  

Nium is expanding its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This continued expansion is a step towards Nium’s commitment to enhancing “the global payments landscape in this strategic region.” This month,… Read More

August 12, 2024 @ 1:32 pm By JD Alois  |  

Ticombo will work with Mangopay to improve the ticket-selling and buying experience. According to a release,  Mangopay will manage Ticombo’s end-to-end payment flow. Berline-based Ticombo allows event organizers, resellers, and consumers from around the world to sell or resell event tickets. Atle Barlaup, co-founder and… Read More

August 11, 2024 @ 7:24 pm By Omar Faridi  |  

Thunes explains that sending money across borders often presents significant challenges, particularly due to the lack of transparency around foreign exchange (FX) fees. Thunes noted in a blog post that often, consumers and businesses “don’t know how much local currency they are sending abroad.” Thunes… Read More

August 11, 2024 @ 2:11 pm By Omar Faridi  |  

Payhawk, the global spend management solution, has expanded its partnership with Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, to tackle fraud and the misuse of company funds using Advanced Card Controls. The new capability… Read More

August 10, 2024 @ 3:08 pm By Omar Faridi  |  

Remitly (NASDAQ: RELY) is pleased to announce the opening of their first Greater Vancouver area office in New Westminster, nestled along the picturesque Fraser River. According to Remit, this new location marks “a significant milestone in our growth journey as we expand our corporate footprint… Read More

August 10, 2024 @ 2:34 pm By Michael Wong  |  

Sendsprint, a rapidly growing remittance startup founded in 2022 by former Flutterwave executive Damisi Busari, has completed the acquisition of Nobel Financial Inc. for an undisclosed sum. The acquisition marks a significant milestone in Sendsprint’s expansion, enabling the company to extend its services to users… Read More

August 10, 2024 @ 2:31 pm By Omar Faridi  |  

The past few years have seen an unprecedented change within the payments market, according to a report from Juniper Research. Juniper Research explains that “the rise of eCommerce has led to a widespread transition to digital payments across markets, with cash use decreasing rapidly.” In… Read More

August 10, 2024 @ 2:30 pm By Omar Faridi  |  

dLocal, the cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer, a cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets “is currency volatility, which can… Read More

August 10, 2024 @ 11:02 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO) recently Reported its second quarter 2024 financial results and also raised 2024 guidance. Payoneer is reporting 22% volume growth accelerates “for a sixth consecutive quarter, reflecting consistent execution.” Payoneer also reported 40% B2B volume growth “driving continued SMB take rate expansion.” The… Read More