Tagged: payments

August 22, 2023 @ 2:35 pm By JD Alois  |  

EchoPay and Token.io have partnered to offer “account to account” (A2A) payments for wholesale merchants in the UK. Token.io is an open banking provider for the payments industry. The company reports that it processes payments for millions of merchants worldwide, including HSBC, Mastercard, BNP Paribas,… Read More

August 22, 2023 @ 11:29 am By Omar Faridi  |  

Velo Payments, Inc. is acquiring YapStone Inc., a payment processing platform in the short-term and vacation rental industry, known for its payment solution, The definitive merger agreement signifies “a strategic alignment of vision and technology, combining Yapstone’s established payfac and MSB licensure with Velo’s complex… Read More

August 22, 2023 @ 8:15 am By Omar Faridi  |  

On track to lend $70 million in the next 12 months, global fintech startup Koverly introduces a B2B buy now, pay later platform “with a 30-day, no cost period for foreign exchange payments; company also announces seed funding.” Koverly, a global B2B payments solution “providing… Read More

August 21, 2023 @ 9:56 pm By Omar Faridi  |  

As Americans face record-high credit card debt and fees, nearly three in four (73%) say credit cards make it challenging to manage their finances, according to a new survey conducted by OnePoll and commissioned by Affirm (NASDAQ: AFRM) the payment network that empowers consumers and… Read More

August 21, 2023 @ 8:53 pm By Omar Faridi  |  

DLocal Limited (Nasdaq: DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets,  announced earlier this month that Pedro Arnt has been “appointed as co-Chief Executive Officer and member of the Board of Directors of the company,… Read More

August 19, 2023 @ 6:59 pm By Omar Faridi  |  

Param, which claims to be Turkey’s biggest FinTech, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is “introducing its technology and integrated embedded finance products and services… Read More

August 19, 2023 @ 4:43 pm By Omar Faridi  |  

Tottenham Hotspur have announced that AstroPay, a fintech company and the preferred payment solution for millions of sports fans worldwide, as their Official Payment Partner. AstroPay’s global digital wallet is known “for its innovative Loyalty and Rewards platform, offering users exclusive sports experiences.” Their new… Read More

August 19, 2023 @ 4:33 pm By Omar Faridi  |  

Recharge, which claims to be a leader in the prepaid payments industry, is pleased to announce its entry into the B2B market with the pilot of a new service. With Recharge’s pilot B2B service, businesses can easily “procure a selected range of prepaid products such… Read More

August 19, 2023 @ 4:23 pm By Omar Faridi  |  

Paystand, the B2B payments company with the world’s largest commercial blockchain, claims that it has “defied” market conditions and experienced “a more than 600% growth rate over the past three years.” At a time when inflation is an ongoing issue, the stock market “remains volatile,… Read More

August 18, 2023 @ 2:15 pm By Omar Faridi  |  

Dock, a B2B technology company for payments and banking, announced that Tenpo, Chile’s largest digital bank with more than 2.2 million customers, is now “a customer of the Brazilian company.” Dock’s expertise and infrastructure is “behind the issuing and processing technology that Tenpo is using… Read More

August 18, 2023 @ 12:08 pm By Omar Faridi  |  

The Dallas Stars and American Airlines Center have contracted DailyPay, in order “to provide the essential financial wellness benefit of on-demand pay to arena and team employees.” DailyPay will also be designated as the official ‘On-Demand Pay Partner’ for the Dallas Stars and American Airlines… Read More

August 17, 2023 @ 8:19 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) says it will be halting UK-based crypto sales until next year. Payments firm PayPal recently revealed that it will not be allowing UK clients to purchase cryptocurrencies via its platform from October 2023, as the company works on adhering to new regulatory guidelines for… Read More

August 16, 2023 @ 7:00 pm By Omar Faridi  |  

noqodi, a Fintech company has broadened its collaboration with Network International (Network), the enabler of digital commerce across the Middle East and wider MEA region, enabling the company “to expand digital payments acceptance for a wider range of sectors beyond just government and private sector… Read More

August 16, 2023 @ 10:15 am By JD Alois  |  

Payments Fintech GoCardless has partnered with Kolleno, a B2B accounts receivable management and cash collection platform designed to help businesses accelerate cash flow. GoCardless says the integration will help Kolleno customers be proactively accepting payments instead of waiting for payments to arrive. Kolleno will also… Read More

August 15, 2023 @ 8:50 pm By Omar Faridi  |  

iWallet, a fintech startup, developed a payment app for businesses and is one of the first processing apps to integrate FedNow, the newest, real-time mobile check deposit technology by the end of 2023. The real-time mobile check deposit “provides businesses instant payments and peace of… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 14, 2023 @ 9:21 am By JD Alois  |  

PayPal (NASDAQ:PYPL) has named Alex Chriss as its new Chief Executive Officer following an extended search to replace Dan Schulman. This is according to a report by CNBC. Chriss is currently GM of the Small Business & Self-Employed Group for Intuit which also includes MailChimp…. Read More

August 12, 2023 @ 11:18 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), “marking a significant step towards being a payments company with the most regulatory approvals.” With this coveted approval from MAS,… Read More

August 10, 2023 @ 5:18 pm By Omar Faridi  |  

Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider. The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption… Read More

August 9, 2023 @ 3:17 am By Omar Faridi  |  

Visa Inc. (NYSE: V) and CB International Bank (CBiBank) announce the launching of an innovative cross-border B2B payments solution for businesses worldwide. CBiBank has officially “joined the Visa B2B Connect platform, ushering in a new era of faster, more cost-effective, and secure B2B payment services.”… Read More