Tagged: payments

February 28, 2023 @ 8:03 am By Omar Faridi  |  

Pagos, a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud,  announced an oversubscribed $34 million Series A investment led by Arbor Ventures, a global fintech-focused venture firm. Additional participating investors “include Point… Read More

February 27, 2023 @ 10:34 pm By Omar Faridi  |  

Pidgin, a secure real-time payments platform built for the future of payments, announced that Community Bankers’ Bank (CBB), is “extending the platform to its network of independent community banks in the Fifth Federal Reserve District and contiguous states.” CBB selected Pidgin to “provide its community… Read More

February 27, 2023 @ 10:14 pm By Omar Faridi  |  

Pundi X is pleased to announces its latest partnership with Binance Pay. This partnership will bring Binance Pay, Binance’s payment service, to Pundi X’s XPOS devices, “enabling thousands of merchants across 30 countries to accept payments in cryptocurrencies more easily.” Binance Pay, “backed by Binance,… Read More

February 27, 2023 @ 11:50 am By Omar Faridi  |  

TransferMate have announced the launch of ‘TransferMate Connect’, an integrated payments solution for banks and financial institutions “to deliver faster and more cost-effective payments products and services for their customers.” TransferMate claims it has “built the largest non-bank payments infrastructure in the world, covering more… Read More

February 26, 2023 @ 6:46 pm By Omar Faridi  |  

FOODICS, the cloud-based restaurant management technology and payments platform in the MENA region, has announced that it “signed a strategic agreement with the pioneering virtual drive-through startup n.go.” n.go, which entered the food and beverage sector in 2021, “provides a unique experience to customers on… Read More

February 25, 2023 @ 6:35 pm By Omar Faridi  |  

Pine Labs, a merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in “a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.”… Read More

February 23, 2023 @ 7:53 am By Omar Faridi  |  

After an official tender process to procure a prepaid payment card service, the State Treasury of Finland and Kela (the Social Insurance Institution of Finland) awarded the contract to Finnish issuer processor Enfuce. The State Treasury of Finland, Kela, and Enfuce “signed the five-year contract… Read More

February 23, 2023 @ 1:18 am By Omar Faridi  |  

In the constantly evolving world of payment solutions, transaction volumes are “growing exponentially.” Scaling securely and compliantly is “key,” according to an update from Napier. Lyra Group, the €79 million turnover European and unified payment solutions provider processing over twenty billion transactions worldwide annually, has… Read More

February 22, 2023 @ 10:42 am By JD Alois  |  

Wise (LSE:WISE) has announced a partnership with G-P (Globalization Partners), a global employment platform. Wise will now enable the payments of freelancers and contractors around the world. Wise is a top payments and transfers provider that is also an emerging stealth bank. By working with G-P,… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 19, 2023 @ 7:54 pm By Omar Faridi  |  

Ledge, a fully automated, no-code payments command center built to empower CFOs and their finance teams, announced that it has “emerged from stealth with $9M in Seed funding led by New Enterprise Associates (NEA) as well as Vertex Ventures, FJ Labs and existing investors Picus… Read More

February 19, 2023 @ 1:30 pm By Omar Faridi  |  

Wedge Financial, Inc., a fintech company that brings the power of the markets and programmable payments to everyday spending, is partnering with Visa (NYSE: V) in order to launch a debit card “connected to the Wedge app, accelerating its mission to revolutionize consumer spending.” Wedge… Read More

February 18, 2023 @ 4:19 pm By JD Alois  |  

Payoneer (NASDAQ: PAYO), a payments Fintech, has been approved to provide services under the UKs Electronic Money License. Payoneer is a  global platform that currently provides services for millions of SMEs, particularly in emerging markets, to pay and get paid, manage their funds, and more…. Read More

February 18, 2023 @ 3:53 pm By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More

February 18, 2023 @ 9:41 am By Omar Faridi  |  

Klarpay AG is pleased to announce that it has achieved profitability in its first operational year. The company claims that its profitability and the interest from venture capitalists “are a testament to its team’s hard work and dedication.” Klarpay notes that it is now “well-positioned… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 17, 2023 @ 12:17 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) announced new offers aimed “to help small and micro businesses (SMBs) accept digital payments, fine-tune their essential systems and save on the technology needed to grow and build business resilience.” With Visa SavingsEdge, eligible Visa Small Business cardholders can “unlock automatic… Read More

February 16, 2023 @ 9:20 pm By Omar Faridi  |  

  Airwallex has announced senior appointments to its global leadership team “as the global payments and financial platform focuses on its expansion into 2023.” Justin Yek has “commenced in the newly created role of Head of Strategic Finance and Corporate Development following more than 10… Read More

February 16, 2023 @ 9:10 pm By Omar Faridi  |  

Enfuce, the European card issuing and processing Fintech, has been selected by  Finnish e-commerce aggregator start-up Starcart in order “to offer its retailers and shoppers the speed, security and convenience of embedded virtual card payments.” The partnership is set “to transform the way in which… Read More

February 16, 2023 @ 7:58 am By Omar Faridi  |  

NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The new partnership will see NewDay “streamlining its payment process, operations and reporting.” NewDay has “close to five million customers in the UK and processes… Read More