Tagged: payments

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced that it has become the first payment service provider to receive the Reserve Bank of India’s Payment Aggregator license for cross-border payments, for both imports and exports. This approval allows the company to “extend its cross-border… Read More

July 30, 2024 @ 10:53 am By JD Alois  |  

The Bank of England has posted a Discussion Paper on the payments ecosystem. The Paper looks to review innovations in payments and how they can impact the Bank’s monetary and financial stability objectives while bringing opportunities and improvements. The Paper outlines the Bank’s current plans,… Read More

July 29, 2024 @ 11:19 pm By Omar Faridi  |  

Bluechain, the EIS certified fintech transforming the payments and receivables process, claims it has capitalized on a steady 2023 with growth in 2024 across users, transaction volume and revenue. Off the back of 2023 and with rapid expansion plans, Bluechain has announced “an opening funding… Read More

July 29, 2024 @ 5:26 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is poised to significantly advance the digital payments landscape in the country with the upcoming introduction of its Request to Pay (RTP) and Direct Debit facilities. Announced by BSP Deputy Governor Mamerto Tangonan… Read More

July 28, 2024 @ 9:24 pm By Omar Faridi  |  

Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform. Payments to small businesses were “made… Read More

July 28, 2024 @ 8:19 pm By Omar Faridi  |  

The Ireland card payments market is forecast to grow by 5.4% to reach EUR95.2 billion ($102.9 billion) in 2024, supported by growing consumer preference for electronic payments, forecasts GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payment value in Ireland… Read More

July 28, 2024 @ 4:34 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global enabler of mission-critical, real-time payments solutions, and Worldpay, a global provider of payment processing solutions, today announced an extension of their longstanding partnership. The agreement will see ACI continue to “provide critical infrastructure to Worldpay to support merchants worldwide.” Through… Read More

July 26, 2024 @ 12:32 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment gateway, has announced a partnership with Paysafe (NYSE: PSFE), a payments platform. With this partnership, Alchemy Pay integrates Paysafe’s Skrill, NETELLER, and multiple local payment methods into its Fiat On-ramp offering, “enhancing convenience and accessibility for global users, particularly across… Read More

July 26, 2024 @ 10:47 am By Omar Faridi  |  

PXP Financial, a global payment services provider, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered “to transform the merchant application journey, elevating the partnership experience with PXP.” Designed to enhance efficiency and accuracy, the Partner Portal “empowers partners… Read More

July 26, 2024 @ 9:39 am By Omar Faridi  |  

My EU Pay, the financial institution that offers frictionless payments and FX to businesses, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients. My EU Pay will use ClearBank’s… Read More

July 23, 2024 @ 10:26 pm By Omar Faridi  |  

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be “used online as well as in-store via digital wallet tap and go transactions.” Jeff Byrne,… Read More

July 22, 2024 @ 4:31 pm By Omar Faridi  |  

Airwallex, the Australia-founded financial platform for modern businesses, has reportedly become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional… Read More

July 21, 2024 @ 6:49 pm By Tony Zerucha  |  

The co-founder of a cloud platform for global card processing insists that recent payment systems outages are the price the world pays for widely used yet outdated infrastructure. Robert Kraal is the CBDO of Silverflow, which offers a cloud-native solution with a single API for… Read More

July 20, 2024 @ 11:33 am By Omar Faridi  |  

Cash App announces its integration with Google Play, giving consumers an alternative payment option when checking out on their Android smartphones or tablets. This partnership represents an opportunity to engage with a broad range of consumers, particularly in the gaming space. Pete Albers, Director of… Read More

July 19, 2024 @ 12:50 pm By JD Alois  |  

Yesterday, it was reported that CHAPS, or the Clearing House Automated Payment System, the system that enables real-time gross settlement payments in the United Kingdom, had gone offline, impacting some “high-value” payments and transfers. The Bank of Engaland did not reveal the cause of the outage,… Read More

July 19, 2024 @ 12:22 pm By Omar Faridi  |  

Jared DeMatteis, Chief Legal & Strategy Officer, DailyPay has issued a statemenet regarding the CFPB Proposed Interpretive Rule. Jared DeMatteis, Chief Legal & Strategy Officer, DailyPay said: “We strongly disagree with the CFPB’s proposed interpretive rule. Characterizing employer-integrated Earned Wage Access products as loans or… Read More

July 18, 2024 @ 11:22 am By JD Alois  |  

The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom. The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.” The Bank… Read More

July 18, 2024 @ 9:52 am By Omar Faridi  |  

July 20, 2024, will mark exactly one year since the Federal Reserve announced the launch of the notable FedNow Service, which has allowed customers at participating financial institutions to make payments that can be sent and received at any time, immediately available to use. The… Read More

July 17, 2024 @ 9:26 am By JD Alois  |  

Paris-based Mangopay has announced a global partnership with ManoMano. Mangopay is a European Fintech success story that enables digital payments and specializes in supporting marketplaces. ManoMano is another French Fintech that targets the DIY, home improvement, and gardening sectors. ManoMano currently operates in six markets, including France, Belgium, Spain,… Read More

July 15, 2024 @ 7:51 am By Omar Faridi  |  

The recent election of Labour in the UK is likely to result in “major changes” to fintech and payments markets, according to an analysis shared by Juniper Research. Juniper Research notes in a blog post that as industry watchers, they wanted to “examine the new… Read More