Tagged: payments

January 15, 2024 @ 7:01 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, and paymints.io, a cloud-based financial operating system for digital payments that allows title insurance companies and real estate brokerages to send and receive digital payments in and out of escrow accounts, announced the… Read More

January 14, 2024 @ 5:38 pm By Omar Faridi  |  

Pakistan’s Caretaker Federal Minister for IT and Telecom, Dr. Umar Saif said that there are some positive developments to look forward to this year. During an event called Tech Destination Pakistan, Dr. Umar Saif revealed that starting in February of this year, a pilot project should… Read More

January 14, 2024 @ 8:22 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global enabler of mission-critical, real-time payments software, announced that a UK retailer Co-op has successfully moved its full stack of payments and fraud prevention technology software into ACI’s multi-tenant cloud platform hosted in Microsoft Azure. As a strategic technology partner… Read More

January 13, 2024 @ 10:37 am By Michael Wong  |  

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

January 12, 2024 @ 10:37 am By JD Alois  |  

The pan-European payments Finteh Lemonway says it doubled revenue in 2023 when compared to 2022. During the year, Lemonway reports that it processed €9.6 billion, or a 24% increase compared to 2022. Lemonway works with some big names like SNCF. Decathlon, Drouot and others. In… Read More

January 12, 2024 @ 9:46 am By JD Alois  |  

Switzerland-based payments Fintech Rivero has raised a $7 million series A funding round, according to the company. The funding was led by 6 Degrees Capital and Inference Partners, with participation from PostFinance, Kraken Ventures, Seed X Liechtenstein, and former COO of Adyen, Robert Kraal, and… Read More

January 12, 2024 @ 1:08 am By Omar Faridi  |  

Nu México is launching the option to receive money from the United States, in association with Felix Pago. This strategic alliance with Felix Pago simplifies “the process of sending money from the United States to Mexico and revolutionizes the landscape of cross-border money transfers, taking… Read More

January 11, 2024 @ 10:23 pm By Omar Faridi  |  

In a significant move towards modernizing business-to-business (B2B) payment processes, PayMate India SPC, a B2B digital payments company, has signed a Memoranda of Understanding (MoU) with the National Bank of Oman (NBO) in order “to digitize, automate, and streamline B2B payments using Visa Business Credit… Read More

January 11, 2024 @ 10:22 pm By Omar Faridi  |  

Pismo, a provider of a cloud-native and API-based platform for financial services, announces a significant milestone in its growth journey. Australian fintech Tyro Payments is “adopting the Pismo payment-processing platform to enhance its product portfolio.” Tyro, which reportedly specializes “in merchant credit, debit, and EFTPOS… Read More

January 11, 2024 @ 6:12 pm By JD Alois  |  

Payments Fintech Finzly says it saw transactions on its platform increase by 400%, driving top-line revenue to double during 2023. The company said the increase was generated by new customers and the growth in real-time payments driven by the introduction of FedNow. Finzly did not… Read More

January 11, 2024 @ 12:37 pm By Omar Faridi  |  

Finix, the payments technology provider enabling businesses to accept and send payments online or in-person, announced the launch of Payouts, its standalone product line. Payouts enables businesses across all industries to efficiently send money at scale, regardless of whether they utilize the broader Finix payments… Read More

January 11, 2024 @ 5:22 am By Omar Faridi  |  

GoCardless, the bank payment company, has extended its relationship with JustGiving to become the online donation platform’s exclusive open banking payment provider, replacing American Express. The move will see JustGiving use both the fintech’s Instant Bank Pay feature “to collect instant, one-off gifts and its… Read More

January 10, 2024 @ 3:56 pm By Omar Faridi  |  

Spenda, an integrated business platform offering a wide range of SaaS, payment and lending capabilities, is pleased to announce that it has entered into a binding Memorandum of Understanding (MOU) with eBev, Australia’s marketplace for wholesale beverages, in order to integrate payment solutions into their… Read More

January 10, 2024 @ 8:35 am By Omar Faridi  |  

Acquired.com, a UK payments specialist and payment initiation service provider, and Lenvi, the leading Fintech provider of lending software, servicing, and risk management solutions, are pleased to announce a new partnership that sees Acquired.com offering tailored, streamlined, and modern payment solutions across Lenvi’s loan portfolio…. Read More

January 9, 2024 @ 11:15 pm By Omar Faridi  |  

ZilBank.com, a B2B payment platform, has recently announced its initiative that enables South Korean entrepreneurs and freelancers to conduct payments to the United States effortlessly, promoting worldwide business expansion without being limited by geographic barriers. The platform has made it easier for South Korean businesses… Read More

January 9, 2024 @ 11:14 pm By Omar Faridi  |  

Paymob, the financial services enabler in the MENA and Pakistan region, has announced its partnership with Tamara, the shopping and payments platform in the GCC region. The strategic partnership integrates Tamara’s Buy Now Pay Later (BNPL) service with Paymob’s secure gateway in order “to power… Read More

January 9, 2024 @ 2:37 pm By JD Alois  |  

X, formerly doing business as Twitter, has announced it will launch peer-to-peer payments in 2024 fulfilling an already revealed goal of the platform. In a blog post, X outlined its accomplishments and changes since Elon Musk took over the faltering social media platform.  X said… Read More

January 8, 2024 @ 11:22 pm By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter criticizing the Consumer Financial Protection Bureau (CFPB) and a proposed rule on digital payments. The FTA represents the interests of big Fintech firms like Stripe, Wise, Block, and others. The CFPB announced the proposed rule… Read More

January 8, 2024 @ 8:18 am By Omar Faridi  |  

Global Fintech Airwallex has reportedly announced the appointment of Nadav Tamam in order to spearhead its enterprise business focused on Israel and the Middle East region. As reported by news outlets focused on Israel, Tamam has prior experience working at firms like Google as well… Read More

January 7, 2024 @ 6:22 pm By Michael Wong  |  

A recent survey conducted by high-impact research firm Capstone-Intel Corp. has revealed a significant trend in the Philippines: 90% of Filipinos now regularly use financial technology (fintech) applications for their daily transactions. This growing reliance on digital finance underscores the urgency for improvements in security… Read More