Tagged: payments

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

January 7, 2024 @ 5:05 pm By Omar Faridi  |  

Intergiro, a Swedish fintech provider of payment and banking infrastructure, has announced a new partnership with Silverflow, a cloud platform for global card processing. This move will allow Intergiro to “offer its clients enhanced card network functionality, increased processing efficiency, and access to card scheme… Read More

January 7, 2024 @ 4:44 pm By Michael Wong  |  

ChowBanQ, a Fintech firm providing “sustainable banking practices,” is reportedly considering an initial public offering (IPO). In a statement, the company said its approach to trading and payments, which involves transfers between ‘buckets’ or individual online banking accounts, positions it as a standout player in the… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

January 5, 2024 @ 12:12 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial platform of choice for leading companies, is pleased to announce that the company is entering a partnership with Straumur, a subsidiary of Kvika. Straumur is a payment provider that “processes payments in several verticals on the Icelandic market, including but… Read More

January 5, 2024 @ 11:53 am By Omar Faridi  |  

Talus Pay, a payment processing solution for small and mid-sized merchants, has acquired Jobox.ai, a Fintech company servicing the home services industry, and Clarus Merchant Services, a provider of integrated B2B payment solutions. In combination with Jobox and Clarus, Talus Pay now “processes more than… Read More

January 5, 2024 @ 8:44 am By Omar Faridi  |  

Visa (NYSE: V), a digital payments firm, announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service reportedly aims to usher in “the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital… Read More

January 4, 2024 @ 11:07 pm By Omar Faridi  |  

Dubai Duty Free, which claims to be one of the largest travel retail operators, announced its partnership with Alipay+ in order “to power a seamless travel and checkout experience for international visitors.” Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, Italy as well as… Read More

January 4, 2024 @ 10:58 am By JD Alois  |  

Bumper, an automobile payments Fintech, has raised $48 million in Series B funding, according to a note from the company. The funding round was led by Autotech Ventures with participation from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures, and Revo Capital. To date, Bumper has… Read More

January 4, 2024 @ 3:00 am By JD Alois  |  

Payments Fintech Volt has announced the appointment of Irina Chuchkina as Chief Marketing Officer. Chuchkina was previously at Thunes. Prior to Thunes, Chuchkina held executive marketing roles at Rapyd,  super-app Grab, and Visa. She has also served on the board of the Singapore Fintech Association…. Read More

January 3, 2024 @ 8:41 am By Omar Faridi  |  

Dwayne Gefferie, a strategist helping payments companies with scaling operations, has commented on why he thinks UK Fintech Wise (LSE:WISE) and Revolut need to take HSBC‘s new initiative seriously. According to Gefferie, if HSBC‘s announcement of their new venture Zing teaches us anything, it is… Read More

January 2, 2024 @ 11:30 pm By Omar Faridi  |  

Banco Central do Brasil has released operational guidelines for the Pix Automático product. Pix Automático will be available to the population in October 2024. The new feature is designed “to streamline recurring payments, including monthly service fees.” The launch of Pix Automático is drawing near…. Read More

January 2, 2024 @ 5:40 pm By Omar Faridi  |  

Branch, the workforce payments platform, released findings from the fifth annual Branch Report, which “surveys over 3,000 hourly workers across industries about their work, finances, and lifestyle.” Findings from the update shared by Branch, shared with CI, reveal that “despite low economic optimism, hourly workers… Read More

January 2, 2024 @ 7:50 am By Omar Faridi  |  

Former CEO Dan Schulman has left PayPal’s (NASDAQ: PYPL) Board of Directors. Alex Chriss was announced as his replacement last August. PayPal confirmed this announcement last month. PayPal had officially announced that Dan Schulman will “depart from PayPal Holdings, Inc.’s Board of Directors, effective December 31,… Read More

December 31, 2023 @ 2:32 pm By Omar Faridi  |  

Brad Kelly, Managing Director at Payment Services, has shared his forecast for the coming year. According to Brad Kelly, 2024 is going to be “a tough year for payment fintechs in Australia with startup corporate and business card issuers likely to fail with little value… Read More

December 28, 2023 @ 12:06 pm By Omar Faridi  |  

According to preliminary insights from Mastercard SpendingPulse, U.S. retail sales excluding automotive “increased +3.1% year over year this holiday season, running from November 1 through December 24.” Mastercard SpendingPulse from Mastercard (NYSE: MA) reportedly “measures in-store and online retail sales across all forms of payment… Read More

December 27, 2023 @ 7:16 pm By Omar Faridi  |  

Payble, a provider of payments workflow and customer engagement software, announced it has closed a $3.5 million funding round led by OIF Ventures. The new funding will be used “to continue to capitalize on strong demand for Payble’s citizen-centric payment solution in its beachhead segment… Read More

December 27, 2023 @ 7:14 pm By Michael Wong  |  

Corporate payments startup EnKash has achieved a significant milestone by securing regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the brand name “Olympus”. This approval marks a pivotal moment for EnKash, reinforcing its commitment to compliance and… Read More

December 26, 2023 @ 7:00 am By Omar Faridi  |  

Mastercard (NYSE: MA) and WestJet announce the long-term extension of their partnership agreement, expanding beyond powering transactions by “innovating the travel and purchasing experience for customers while always prioritizing security and trust.” The deepening of the partnership showcases “the progression of each companies’ evolution in… Read More

December 24, 2023 @ 3:56 am By Omar Faridi  |  

Remittances to low- and middle-income countries (LMICs) grew “an estimated 3.8% in 2023, a moderation from the high gains of the previous two years.” Of concern is the risk of “decline in real income for migrants in 2024 in the face of global inflation and… Read More