Tagged: payments

September 26, 2023 @ 8:26 pm By Michael Wong  |  

Singapore multinational banking and financial services firm OCBC has announced that the OCBC Pay Anyone app will be retired in October, with the exact date to be confirmed soon. This is part of OCBC’s commitment to offer an enhanced app experience by integrating the features… Read More

September 26, 2023 @ 9:14 am By JD Alois  |  

Mangopay, a very successful European Fintech, has revealed a partnership with publicly traded VTEX (NYSE: VTEX), according to a company statement. VTEX is a digital commerce platform that serves big companies with more than 2600 customers. Mangopay is a payments infrastructure firm that has garnered… Read More

September 25, 2023 @ 2:43 pm By Omar Faridi  |  

DailyPay, a Fintech focused on earned wage access, and a member of Oracle Partner Network (OPN), announced it is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is described as “a centralized repository… Read More

September 25, 2023 @ 9:47 am By Omar Faridi  |  

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now “added a second option allowing… Read More

September 24, 2023 @ 10:16 pm By Omar Faridi  |  

TreviPay, the global B2B payments and invoicing network, today released a new capability to support cross-currency sales between businesses, showcasing its commitment in “orchestrating choice, convenience and efficiency in B2B payments to merchants around the world.” TreviPay, which operates “in 32 countries and in 20… Read More

September 23, 2023 @ 10:31 am By Michael Wong  |  

Global payments fintech player Nium has inaugurated its European headquarters in London, signifying its robust commitment to enhancing its European presence and recognizing the UK as a paramount fintech nexus. Originally founded in Singapore in 2014, Nium has revolutionized the manner in which businesses facilitate… Read More

September 22, 2023 @ 12:43 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, released survey results from their annual The State of Payment Operations 2023 report showing that legacy payment operations continue to result in high rates of failed payments, slow payments, errors and lost time in… Read More

September 21, 2023 @ 11:00 am By Omar Faridi  |  

Currencies Direct, an international payments provider, has partnered with Transact Payments, the firm focused on cards and payments. The partnership has enabled Currencies Direct “to launch a multi-currency debit card, giving customers the ability to spend seamlessly in over 200 countries (wherever Mastercard is accepted).”… Read More

September 21, 2023 @ 8:26 am By JD Alois  |  

Block (NASDAQ:SQ) founder Jack Dorsey will step in as CEO of Square following the announcement that Alyssa Henry will exit the subsidiary of Block. The change in leadership was revealed in an 8-K filed with the Securities and Exchange Commission. The company stated: “Alyssa Henry,… Read More

September 20, 2023 @ 9:59 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced a collaboration with Microsoft in order “to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.” Hosted in the Microsoft Azure environment,… Read More

September 20, 2023 @ 7:26 pm By Michael Wong  |  

Sumsub, an international verification platform, has entered into a partnership with dtcpay, a prominent payment service provider based in Singapore. This collaboration aims to enhance the security and reliability of digital currency transactions, specifically in Singapore, Hong Kong, Dubai, UK, and Europe. A significant element… Read More

September 20, 2023 @ 11:51 am By JD Alois  |  

International payments Fintech EBANX has expanded its operations into Africa and two additional Caribbean countries. According to a statement by the company, EBNAX now offers services in Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia.  At the same time, EBANX is now available… Read More

September 19, 2023 @ 9:56 pm By Omar Faridi  |  

Opera, the web innovator with over 319M users worldwide, unveils Minipay — a new web3 payments wallet built on Celo. Offering “instant” financial transactions, MiniPay is integrated “with the Opera Mini browser for Android users, making it easier and more affordable for individuals to send… Read More

September 19, 2023 @ 4:59 pm By JD Alois  |  

According to a recent survey, 58% of US consumers expect all payments will be digital in the near future. This percentage increases to 67% when polling a younger demographic – more specifically, Millennials. Banking platform provider Temenos (SIX: TEMN) surveyed  2000 adults about their purchasing… Read More

September 19, 2023 @ 11:52 am By JD Alois  |  

Swift, a global financial messaging service that is used by just about everyone to transfer value, has partnered with Wise (LSE:WISE) – a stealth bank that got its start in low-cost transfers. According to a statement by Swift, the partnership will enable users to complete… Read More

September 17, 2023 @ 9:59 pm By Omar Faridi  |  

Recharge, a firm focused on the prepaid payments industry, has announced its successful acquisition of Startselect, a European digital gift and gaming cards company. This move reportedly positions the company on course “to generate 750 million EUR in annual sales in 2024.” Since 2010 Recharge… Read More

September 17, 2023 @ 6:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

September 17, 2023 @ 5:15 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), the city’s central bank, has released its Q2/2023 payment card statistics, revealing that the total number of credit cards in circulation in Hong Kong reached 19.71 million by the end of the second quarter. This indicates a marginal growth… Read More

September 17, 2023 @ 2:22 pm By Omar Faridi  |  

On the occasion of its 3rd anniversary in the Egyptian market, Foodics in Egypt, the restaurant management solutions provider that’s based in the Middle East, conducted a comprehensive review of its future business strategy, business volume, and the services extended to its partners in the… Read More

September 16, 2023 @ 10:40 am By Michael Wong  |  

Global payments company Circle Internet Financial (Circle) and Southeast Asia’s super app Grab announced a groundbreaking partnership that aims to usher in Web3 customer experiences in Singapore. This innovative collaboration will see the integration of Circle’s new Web3 Services platform directly into the Grab app…. Read More