Tagged: payments

April 19, 2024 @ 11:06 am By Omar Faridi  |  

Cognizant (NASDAQ: CTSH) announced a planned collaboration with FICO (NYSE: FICO),  a analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technology… Read More

April 19, 2024 @ 6:45 am By Omar Faridi  |  

UK-based Fintech Wise (LSE:WISE) has shared key updates from January-March 2024. The Wise Q1 2024 update has released important highlights for the Fintech platform. Here’s a few highlights: Wise says it helped customers “save an estimated £447,518, 882 in Q1.” Wise further claims that it… Read More

April 19, 2024 @ 6:42 am By Omar Faridi  |  

DNA Payments has recently announced a key partnership in order to provide online retailers with high-performance, simple, unified payments by integrating DNA Payments’ acquiring and checkout solution with their E-commerce platform. DNA Payments’ feature-rich, customizable website checkout pages “offer easy integration with full technical support… Read More

April 18, 2024 @ 11:28 pm By Omar Faridi  |  

Rene Siegl, Founder, Executive Chairman at IXOPAY, says that he’s pleased to share that IXOPAY and TokenEx are merging, beginning a new era in the optimization of global payment systems. According to Siegl, this merger combines IXOPAY’s payment orchestration solutions with TokenEx’s specialization in “the… Read More

April 18, 2024 @ 9:44 am By Omar Faridi  |  

Paystand, the global enabler of B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance. It has also established a partnership “with independent software vendor ERP… Read More

April 17, 2024 @ 6:22 pm By Omar Faridi  |  

Nium, the global enabler of real-time, cross-border payments, announced that it is now registered as a Financial Services Provider in New Zealand. This pivotal step marks Nium’s entry into the dynamic financial landscape of New Zealand and reinforces its commitment “to delivering innovative financial solutions… Read More

April 17, 2024 @ 11:15 am By JD Alois  |  

Payments Canada has announced a new system to speed up the payments and transfer process in Canada.  Real-Time Rail (RTR) seeks to enable 24/7/365 value transfer in real-time. Payments Canada is a “public purpose organization” that operates the Canadian payments system. In 2023, Payments Canada… Read More

April 17, 2024 @ 5:21 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today announced a partnership with URBN to power online and in-person retail payments for Urban Outfitters, Anthropologie Group, Free People, and FP Movement. With Stripe as its primary payments infrastructure, URBN will “introduce a more consistent checkout experience… Read More

April 15, 2024 @ 7:51 pm By Omar Faridi  |  

PhonePe announced that it has partnered with e-Sewa and the Hotel Association of Nepal (HAN) Pokhara to popularize UPI on the Fonepay Network, as a part of the Fewa New Year Festival which will be held from April 11-14th. The New Year festival is not… Read More

April 15, 2024 @ 5:52 pm By Omar Faridi  |  

Circle is pleased to announce that native USDC is now available on zkSync and accessible to developers and users – no bridging required. Circle Mint and Circle APIs now fully support USDC on zkSync. zkSync is a layer 2 (L2) rollup that “is hyperscaling Ethereum… Read More

April 15, 2024 @ 2:02 pm By Omar Faridi  |  

Inpay, the Danish cross-border payments provider, has announced strong annual results for 2023. Annual revenues increased by 23 percent to €60.1 million, up from €48.6 million in 2022. The business also saw strong growth in EBITDA, “up 57 percent to €13.0 million in 2023, up… Read More

April 15, 2024 @ 10:36 am By Omar Faridi  |  

dLocal, the cross-border payment platform, is announcing its partnership with payroll and payments platform Papaya Global. The new partnership sees the two platforms join forces to “enable companies to easily handle workforce payments globally, including across emerging markets.” The partnership between dLocal and Papaya Global… Read More

April 13, 2024 @ 2:30 pm By Michael Wong  |  

The UK’s Financial Conduct Authority (FCA) has called for the establishment of a new industry body to enhance the functioning of Britain’s “highly concentrated” consumer credit ratings market, which it says is currently not serving consumers well, Reuters has reported. The consumer credit ratings market,… Read More

April 13, 2024 @ 1:48 pm By Michael Wong  |  

Former Prime Minister Thaksin Shinawatra endorsed the new digital wallet initiative, suggesting it could be a significant boon for Thailand’s sluggish economy, according a report by The Nation. Speaking at the Kiattiocha Restaurant in Chiang Mai province, where he was joined by his sisters and… Read More

April 12, 2024 @ 3:36 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. This new license enables Nuvei to “operate three types of payments services in… Read More

April 11, 2024 @ 2:19 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, introduced the Airwallex Borderless Visa Card in Canada. The virtual card is issued by Peoples Trust Company, “part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is… Read More

April 11, 2024 @ 9:19 am By JD Alois  |  

Mimo, a UK-based platform that supports global payments, cash flow, and financial management for SMEs and finance professionals, has raised £15.5 million in funding. Northzone led the funding round. Other investors include Cocoa Ventures, Seedcamp, and Upfin VC, with an asset-backed facility arranged by Fost…. Read More

April 11, 2024 @ 8:28 am By Omar Faridi  |  

Bank payment company GoCardless has announced the renewal and expansion of its strategic partnership with Sage, the global enabler of accounting, financial, HR, and payroll technology for small and mid-sized businesses. The latest agreement, which “builds on a successful six-year collaboration, will open up new… Read More

April 9, 2024 @ 10:23 pm By Omar Faridi  |  

In Singapore’s dynamic e-commerce landscape, payment cards reign supreme, commanding over 40% of the market share for online transactions in 2023. As consumers increasingly pivot “towards digital channels, the country’s e-commerce market is expected to register a robust 13% growth in 2024 to reach SGD22.3… Read More

April 8, 2024 @ 10:51 pm By Michael Wong  |  

In the first quarter of 2024, funding for fintech startups saw a 16% decline from the previous quarter, contrasting with an 11% increase in overall venture funding, which reached $58.4 billion, according to the latest CB Insights Q1 2024 State of Venture Report. The fintech… Read More