Tagged: payments

July 11, 2023 @ 9:32 am By Omar Faridi  |  

Balance, the B2B payment platform for businesses, announced the launch of its surcharge solution. This capability enables suppliers “to implement a surcharge fee for credit card transactions, providing flexible payment options to buyers while preserving healthy profit margins.” In the B2C world, consumers may “be… Read More

July 10, 2023 @ 10:50 pm By Omar Faridi  |  

Australian-born payments company Airwallex has appointed Luke Latham as General Manager for its Australia and New Zealand business. Latham joins Airwallex following senior roles “with Amazon, Amazon Web Services, Groupon and most recently as Chief Operating Officer for MILKRUN.” Airwallex CEO and Co-founder Jack Zhang… Read More

July 10, 2023 @ 8:43 am By Omar Faridi  |  

DLT Payments is officially joining the Chainlink BUILD program. As a part of BUILD, they aim “to accelerate ecosystem growth and the long-term adoption of stablecoin payments by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic… Read More

July 9, 2023 @ 1:02 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services “to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia.” The relevant regulatory and supervisory frameworks enable SAMA… Read More

July 9, 2023 @ 12:59 pm By Omar Faridi  |  

Moneyhub, the data and payments platform built on the principles of Open Banking and Open Finance, has announced a partnership with MX Technologies, Inc., which claims to be a leader in Open Finance in North America. This partnership enables Moneyhub and MX “to leverage each… Read More

July 6, 2023 @ 8:39 am By JD Alois  |  

Twitter has long been expected to move into financial services. Peer to peer payments on the social media platform make a lot of sense – not to mention payments and transfers in general. One of the largest payment platforms in the world is China’s WeChat… Read More

July 5, 2023 @ 11:58 am By JD Alois  |  

Vestas has expanded its partnership with payment infrastructure provider Mangopay, to manage the payment flows of Covento, its B2B marketplace for the renewable energy sector. The two firms have been working together since 2021. The “enhanced partnership” is expected to see Mangopay manage all payment… Read More

July 5, 2023 @ 8:25 am By Omar Faridi  |  

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), “becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.” The new license will enable the company “to issue electronic money, facilitate digital payments… Read More

July 5, 2023 @ 1:27 am By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, recently announced the opening of its new headquarters in Singapore. The ceremony was officiated by Mr. Heng Swee Keat, Deputy Prime Minister of Singapore. The new facility, located strategically at Capital Tower in the… Read More

July 2, 2023 @ 2:40 pm 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

July 1, 2023 @ 7:11 pm By Omar Faridi  |  

The Washington Wizards, Washington Capitals, and Capital One Arena have partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to arena and team employees. As part of the partnership, DailyPay will be designated “as the official ‘On-Demand Pay Partner’ for the Washington… Read More

June 30, 2023 @ 12:33 pm By Omar Faridi  |  

Visa (NYSE: V) recently announced it has signed a definitive agreement to acquire Pismo for $1 billion in cash. Together, they will be positioned “to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native APIs.”… Read More

June 30, 2023 @ 11:30 am By Omar Faridi  |  

ForwardAI, a fintech providing aggregated direct data access to accounting and ERP platforms, announced the launch of the Forwardly Partner Program, which offers rewards to accountants, bookkeepers and financial professionals who refer business to Forwardly, the first real-time payments solution for small businesses in the… Read More

June 30, 2023 @ 9:01 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced a partnership with Google Workspace to power paid appointment bookings with Google Calendar. The new feature, which is built on Stripe Connect and Stripe Checkout, “enables customers to pay for services directly while making a booking on… Read More

June 29, 2023 @ 8:00 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced its strategic partnership with Fintainium, a cutting-edge financial technology company providing innovative and comprehensive payment methods. Through the collaboration, Cross River will “provide a range of payment services, including connection to… Read More

June 28, 2023 @ 3:23 pm By Omar Faridi  |  

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses “to offer an array of flexible, customizable credit and loan products to their customers in a… Read More

June 27, 2023 @ 5:04 pm By JD Alois  |  

The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to “serious, systematic and multiple violations of legal act. The company allegedly violated the Law on Electronic Money and Electronic Money Institutions,… Read More

June 26, 2023 @ 6:44 pm By JD Alois  |  

Financial tech provider Finastra says it has been approved for the new FedNow Service launching in the next few weeks. FedNow is a US government initiative to power real-time payments. The service will be integrated into Finastra’s Payments To Go platform and will later be… Read More

June 26, 2023 @ 10:19 am By Omar Faridi  |  

Paysend, the global card-to-card payments pioneer, and RemotePass, the global onboarding and payroll platform, are today announcing a partnership to facilitate instant and more cost-effective transfers to international workers in 80 countries. Through this partnership, Paysend will “empower RemotePass with a new instant payout to… Read More

June 26, 2023 @ 7:45 am By Omar Faridi  |  

Hong Kong’s card payments market is “expected to grow by 4.8% to reach HKD1.06 trillion ($136.0 billion) in 2023, supported by an economic rebound and a growing consumer preference for electronic payments,” says GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics,… Read More