Tagged: payments

June 1, 2024 @ 2:56 pm By Michael Wong  |  

Ant Group and Mastercard, alongside 12 overseas payment partners of Alipay+ and other major card organizations, announced the launch of the International Consumer Friendly Zones program in Shanghai. This initiative aims to enhance the travel experience for global visitors and stimulate economic growth for local… Read More

June 1, 2024 @ 1:53 pm By Omar Faridi  |  

Forward, a technology partner empowering SaaS companies to integrate and monetize payments, announced $16M in seed financing. The investment round was led by Commerce Ventures, Elefund, and Fiserv. The capital will enable Forward “to meet accelerating demand from software partners while applying artificial intelligence to… Read More

June 1, 2024 @ 11:44 am By Omar Faridi  |  

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Mangopay’s Fraud Prevention solution provides “a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover… Read More

June 1, 2024 @ 11:33 am By Omar Faridi  |  

Guavapay, a global fintech company has announced its partnership with Visa (NYSE: V), a digital payments provider, to launch an impactful Out Of Home (OOH) campaign across London. This collaboration aims to enhance “awareness of MyGuava multicurrency Visa Card for users of MyGuava App and MyGuava… Read More

May 31, 2024 @ 9:48 pm By Omar Faridi  |  

Earlier this month, Google launched its much-awaited Google Wallet app in India. Fintech company Pine Labs shed more light on the close collaboration with Google Wallet to enable “a seamless integration of Gift Cards on the product.” The ‘power of choice’ associated “with e-gifting appeals… Read More

May 30, 2024 @ 11:42 am By Omar Faridi  |  

The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) has published its work program for 2024-25, highlighting its strategic priorities for policy, standard-setting, implementation and analytical activities. The program’s key themes are: Risk management of financial market infrastructures (FMIs). FMIs’ practices for… Read More

May 30, 2024 @ 8:31 am By Omar Faridi  |  

FlightHub, the Canadian online travel agency and subsidiary of the travel innovation company Momentum Ventures, announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, “to bring transparent and flexible payment options to eligible Canadian travelers.” At… Read More

May 28, 2024 @ 8:18 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider, today announced an extension of its partnership with Multitude Bank p.l.c., increasing the debt facility to a total of €20 million. This significant boost will aim to accelerate ESTO’s consistent “growth trajectory to empower… Read More

May 26, 2024 @ 2:51 pm By Omar Faridi  |  

Every economic cycle has its “currency war,” according to an update from iBanFirst. In the 1920s, France, Germany, and Belgium “devalued their currencies to return to the gold standard, which had been abandoned during World War I.” In the 1930s, major global economies “resorted to… Read More

May 25, 2024 @ 10:36 am By Omar Faridi  |  

Scalapay, the Buy Now, Pay Later (BNPL) platform in Southern Europe, and Adyen (AMS: ADYEN), the financial technology platform chosen by companies globally, announce the launch of a strategic partnership that opens up to new opportunities in the payments landscape. This collaboration will see Adyen “process… Read More

May 24, 2024 @ 9:12 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announced its latest milestone: surpassing 4 million registered customers within 44 months of launch. Philip Belamant, CEO and co-founder of Zilch said: “In less than four years, we’ve transformed how millions experience, engage and – most importantly – are… Read More

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

Swift has set out plans to help financial institutions streamline the cross-border payment experience for their corporate customers by “extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the click of a… Read More

May 23, 2024 @ 8:56 am By JD Alois  |  

Paris-based payments Fintech Mangopay has hired Jonathan Greenland as Sales Director, Strategic Accounts UK&I. Greenland previously was an executive at Airwallex. Mangpay says the move is designed to boost its presence in the UK. Prior to Airwallex, Greenland worked at GoCardless, another UK Fintech. In… Read More

May 23, 2024 @ 8:18 am By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses “a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account,… Read More

May 21, 2024 @ 9:46 am By JD Alois  |  

Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp Business Account is managed via smartphone and enables merchants to spend, save, and… Read More

May 21, 2024 @ 9:01 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched the digital yuan, also known as e-CNY,marking a significant step in the integration of digital currencies in the region’s financial system. According to reports from Sing Tao Daily, the launch event was hosted by Howard Lee Tat-chi,… Read More

May 20, 2024 @ 7:43 am By Michael Wong  |  

Yendo, the creator of the first vehicle-secured credit card, announced that it has closed a significant financing round, totaling $165 million. This includes $150 million in debt financing led by i80 Group, with an additional $15 million in equity from undisclosed strategic investors. The funds… Read More

May 19, 2024 @ 5:58 pm By Omar Faridi  |  

SKUx, an enabler of digital instant payments innovation, announced it has signed an agreement with Visa (NYSE: V), a digital payments provider. The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies “that leverage SKUx’s payment-based offer solutions – supporting a… Read More

May 18, 2024 @ 12:17 pm By Omar Faridi  |  

Dwolla, a U.S.-based account-to-account (A2A) payment solution provider, today announced its strategic collaboration with Visa (NYSE: V), an enabler of digital payments, in order to bring advanced account verification capabilities to Dwolla’s A2A solution. This relationship enhances Dwolla’s ability to provide “a single, streamlined solution for… Read More

May 18, 2024 @ 11:35 am By Omar Faridi  |  

With less than 8 months until 9th January 2025 deadline, Banking Circle delivers plug and play solution to help smaller financial institutions On 7th February 2024 the European Parliament mandated “that instant payments (in less than 10 seconds) should be the de facto standard for… Read More