Tagged: payments

August 9, 2024 @ 5:40 pm By Omar Faridi  |  

New research shared by Splitit illustrates the rapid evolution underway in the payments landscape and the implications for customer loyalty and retention. The report, “Innovations and Developments of Card-Linked Installment Plans,” finds that most merchants have seen “a significant increase in the use of credit… Read More

August 8, 2024 @ 5:15 pm By Omar Faridi  |  

CloudPay, the independent provider of global payroll and payment solutions, announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital… Read More

August 8, 2024 @ 10:41 am By Omar Faridi  |  

JP Morgan Payments announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States. The pay-by-face biometric payment solution “allows shoppers to complete transactions more seamlessly, removing the need for customers to pull out their phones or credit cards.”… Read More

August 7, 2024 @ 10:11 pm By Omar Faridi  |  

Setu, a Pine Labs company, in partnership with Axis Bank, launched UPISetu, India’s UPI-focused payments platform for businesses and developers. NPCI’s UPI has seen a rise in India “with Person-to-Merchant (P2M) transactions alone witnessing a phenomenal rise of 241% from 2.56 billion transactions in June… Read More

August 7, 2024 @ 6:18 am By Omar Faridi  |  

B.TECH Business, a sector of B.TECH, a retailer of consumer electronics and home appliances in Egypt, has signed a cooperation protocol with Foodics Egypt, the  restaurant management and payment solutions in Egypt and MENA. This collaboration aims to supply “all the necessary equipment and tools… Read More

August 6, 2024 @ 2:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a momentous first half of 2024, marked by achievements and industry accolades that underscore the company’s commitment to excellence and innovation in reducing friction in accounts receivable. Billtrust introduced new generative AI functionality, “enabling finance… Read More

August 5, 2024 @ 10:45 pm By Omar Faridi  |  

PBOC and HKMA has reportedly signed an MOU that is focused on cross-boundary linkage of payment systems between the Mainland and Hong Kong. Mr Lu Lei, Deputy Governor of the People’s Bank of China (PBOC), and Mr Howard Lee, Deputy Chief Executive of the Hong… Read More

August 5, 2024 @ 8:25 am By Omar Faridi  |  

The European Central Bank (ECB) and the European Banking Authority (EBA) have recently released a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such… Read More

August 4, 2024 @ 11:58 pm By Omar Faridi  |  

Nexi, the European PayTech, has reportedly signed an agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. As a result of this partnership, 176 credit unions of… Read More

August 4, 2024 @ 10:06 pm By Omar Faridi  |  

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

August 4, 2024 @ 9:59 pm By Omar Faridi  |  

More than one in 10 Canadians have experienced payment fraud in the past six months, indicating similar year-over-year patterns (13 per cent in 2024 compared to 14 per cent in 2023), according to a new study from Payments Canada. For many Canadians, concern around fraud… Read More

August 4, 2024 @ 3:56 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines has revised guidelines to bolster the settlement of digital payments, ensuring the integrity and efficiency of the country’s payment system. This move aims to adapt to evolving payment landscapes and enhance the operational… Read More

August 4, 2024 @ 2:40 pm By Omar Faridi  |  

Emburse, whose innovative travel and expense solutions power various organizations, has announced a strategic relationship with Finexio, the Accounts Payable (AP) Payments as a Service company. The partnership offers Emburse customers a solution “to long-standing AP challenges in the $125+ trillion B2B payments market.” Finexio’s… Read More

August 3, 2024 @ 4:45 pm By Michael Wong  |  

Payments technology company Flutterwave announced that it has obtained an Enhanced Category Payment Service Provider license from the Bank of Ghana. This development is pivotal in expanding Flutterwave’s footprint across Africa, particularly within Ghana, where it can now offer a full spectrum of direct payment… Read More

August 2, 2024 @ 8:41 am By Omar Faridi  |  

Thredd, the global payments platform, reports both industry-wide growth in fintech-led digital payments and the renewal of its partnership with Zilch, the ad-subsidised payments network (ASPN). This trajectory, coupled with recent product and market expansion, reportedly “adds further momentum to Thredd’s leadership in modern payments… Read More

August 1, 2024 @ 11:53 am By Tony Zerucha  |  

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

August 1, 2024 @ 11:47 am By Omar Faridi  |  

Payments platform Nium says it has boosted its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move is described by the firm as making Nium one of the only providers “to offer a network this wide.”… Read More

August 1, 2024 @ 11:23 am By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced financial results for the second quarter ended June 30, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange said: “We… Read More

July 31, 2024 @ 1:20 pm By JD Alois  |  

Sticpay, a digital wallet and payments provider, says it has added Visa and Mastercard debit/credit card processing to its platform. Sticpay reports over 5000 merchants. Sticpay is licensed by the UK Financial Conduct Authority and reports over one million users and 5,000 corporate clients across… Read More

July 31, 2024 @ 12:48 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a partnership with Float, one of Canada’s B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – “including bank… Read More