Tagged: payments

February 4, 2024 @ 5:49 pm By Michael Wong  |  

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso forecasts mobile money and digital lending as key drivers of Nigeria’s service sector growth in 2024. Speaking at the Nigerian Economic Summit Group’s 2024 Macroeconomic Outlook Report launch, Cardoso emphasized the service sector’s role in the economy,… Read More

February 3, 2024 @ 6:36 pm By Michael Wong  |  

Cantaloupe, Inc., a Nasdaq-listed end-to-end technology solutions for self-service commerce, has announced its acquisition of point-of-sale tech startup Cheq Lifestyle Technology, Inc. (CHEQ) for an undisclosed amount. This strategic acquisition is poised to enhance Cantaloupe’s market presence by integrating CHEQ’s innovative mobile ordering and payment… Read More

February 3, 2024 @ 8:29 am By Michael Wong  |  

Wise, the UK-based Fintech stealth bank that was formerly known as TransferWise, has officially expanded its operations into the Philippines with the launch of Wise Pilipinas. In a significant move to bolster its board, Wise Pilipinas has welcomed Isabel Ridad, founder of Monetize, as its… Read More

February 2, 2024 @ 5:32 am By Omar Faridi  |  

Worldpay, LLC, a global industry leader in payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company. The company will be overseen by private equity firm GTCR, “with a 55% majority ownership… Read More

February 1, 2024 @ 9:01 pm By Omar Faridi  |  

To further enhance the power of its global rewards platform, branded payments provider Blackhawk Network (BHN) confirmed that it has entered into a definitive agreement to acquire digital B2B gift card rewards innovator Tango Card. Talbott Roche, CEO & president of BHN, said Tango was… Read More

February 1, 2024 @ 7:48 pm By Omar Faridi  |  

Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management. The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes “to create a… Read More

January 31, 2024 @ 10:34 pm By Omar Faridi  |  

Transak, the payments infrastructure provider for crypto and NFTs, has announced a collaboration with Visa, an enabler of digital payments, in order to implement Visa Direct capabilities and help enhance its global off-ramp service. This collaboration marks a significant milestone by “enabling users in over… Read More

January 31, 2024 @ 8:50 am By Omar Faridi  |  

Kriya, a B2B payments Fintech, has announced that it has secured a new £50 million debt facility from debt partner Viola Credit. This will allow the fintech “to power over £1 billion of B2B Payments over the next 24 months.” With this facility, Kriya intends… Read More

January 30, 2024 @ 4:10 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a top payments Fintech that also includes Venmo, is letting go around 9% of its workforce or approximately 2500 individuals according to multiple reports. CNBC said that PayPal CEO Alex Criss distributed an internal memo indicating the exits will take place throughout the… Read More

January 30, 2024 @ 7:56 am By Omar Faridi  |  

Stephen Pair, co-founder and CEO of BitPay, recently shared his views and insights with Crowdfund Insider. Stephen Pair from Bitpay talked about the current state of crypto adoption and how the financial services sector can be enhanced with digital currency transactions. Stephen also talked about… Read More

January 29, 2024 @ 12:42 pm By Omar Faridi  |  

Despite it being more than 60 years old, it is thought that around 70% of large corporations – including those in the government, banking, finance, insurance, and automotive industries – still rely on the programming language COBOL for much of their mission critical work. Anne… Read More

January 28, 2024 @ 9:20 pm By Omar Faridi  |  

i2c Inc., a provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM), a community bank renowned for its pioneering digital banking initiatives. Through this alliance, the bank provides fintechs the ability “to more quickly offer a full… Read More

January 28, 2024 @ 9:19 pm By Omar Faridi  |  

Account-to-account (A2A) payment infrastructure provider, Token.io, has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe. Through leveraging open banking and… Read More

January 28, 2024 @ 9:17 pm By Omar Faridi  |  

NayaPay, a financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set “to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including… Read More

January 28, 2024 @ 6:56 pm By Michael Wong  |  

UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services. In a statement, the bank said the collaboration is set to substantially enhance the digital and electronic payment… Read More

January 28, 2024 @ 11:29 am By Omar Faridi  |  

ServiceNow (NYSE: NOW), the digital workflow company making the world work better for everyone, announced today a five-year strategic alliance with Visa, a digital payments provider, to transform payment services. The initial phase includes “the launch of ServiceNow Disputes Management, Built with Visa—a single, connected… Read More

January 26, 2024 @ 11:13 am By Omar Faridi  |  

XSquare, a B2B payments fintech has inked a partnership with Reltime, a Web 3.0 and Layer 1 Blockchain platform with wide ranging applications. This partnership will aim to “ensure security, transparency, automation and accuracy in B2B payment solutions from XSquare, including transaction processing, accounts bookkeeping… Read More

January 25, 2024 @ 12:43 pm By Omar Faridi  |  

Zillow (NASDAQ: Z and ZG) is introducing a new feature that allows renters who pay their rent on Zillow to have their on-time payments “reported to a major national credit bureau at no cost to them.” According to Zillow, this is reportedly a “first” for… Read More

January 25, 2024 @ 12:40 pm By JD Alois  |  

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

January 25, 2024 @ 12:01 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a global enabler of payment services, is further expanding and enriching its partnership with Commerzbank. This extension enables Commerzbank to “offer its customers in Austria, France, Italy, the Netherlands, Spain and the United Kingdom the sending and receiving of real-time transfers in… Read More