Tagged: virtual payments

Southeast Asia Super App GrabPay Extends Partnership with Fintech Adyen to Enable Flexible Payment Options

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

UK Fintech Modulr Secures Visa Ready Certification, which Helps Clients Access Seamless Digital Payments Solutions

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

Aptys, a Virtual Payments Solution Provider, Reveals that Alloya Corporate Federal Credit Union has Converted its Unified Payments Platform

Aptys Solutions, an established provider of Cloud-powered, end-to-end, virtual payment services to more than 4,500 financial institutions (including quicker payments, mobile P2P, wire, ACH, and inclearing), reveals that Alloya Corporate Federal Credit Union, a major corporate credit union serving 1,400+ credit unions, has converted to… Read More

BIS Says Volatile Cryptos like Bitcoin Failed as Payment Method, but Stablecoins, CBDCs May be Effective for Transactions

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

Contactless Payments: Fibank to Allow Clients to Use Mastercard Cards to Settle Digital Transactions

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities. These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that… Read More

UK Fintech Tomato Pay Introduces QR-Code Payments and Invoicing App for Small Businesses, Local Traders

Tomato Pay, a newly-launched QR-code payment and invoicing app, is currently available for use in the United Kingdom. The Fintech app is intended for small businesses and sole traders. As noted by the firm’s management: “Tomato Pay is a simple, QR-code based payments and invoice… Read More

Digital Banking Fintech Payfare will Integrate Mastercard Send, Will Offer Real-Time Payments to Gig Workers

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

Mexico based Digital Payments and Commerce Fintech Clip Secures $250M from SoftBank Latin America Fund, Others

Mexico-based Clip, a digital payments and commerce Fintech, revealed on Tuesday (June 15, 2021) that it has acquired $250 million in capital via a round led by the SoftBank Latin America Fund and Viking Global Investors LP. Clip‘s latest investment round is the largest ever… Read More

Volante Technologies and SIA to Support Instant Cloud-powered Payments Across Europe

Volante Technologies, an established provider of Cloud-based payments and financial messaging, and SIA, a European hi-tech firm focused on payment services and infrastructures  (controlled by CDP Equity), have teamed up to enable banking institutions, financial service providers to gain access to instant payments. This should… Read More

GrabPay, the In-App Digital Wallet of Super App Grab, Introduces DuitNow QR Feature in Malaysia

GrabPay, the in-app wallet of Super app Grab, recently announced that it has introduced the GrabPay DuitNow QR feature across Malaysia. The GrabPay digital wallet was reportedly the first in Malaysia to sign-up with PayNet and offer this feature which is now available across the… Read More

El Salvador Might Make Bitcoin (BTC) Legal Tender, but Transactions with the Crypto are Too Costly and Slow

El Salvador is reportedly looking to become the first nation in the world to adopt Bitcoin (BTC) as legal tender. El Salvador’s government might introduce legislation that could potentially make it the first country to adopt BTC as legal tender, along with the US dollar…. Read More

Austin Fintech AppBrilliance Introduces Push To Business or P2B Payments Model for Enhancing Digital Commerce

Austin-based AppBrilliance, a payments tech firm, recently announced its strategic vision with its latest Money API-enabled, Push-To-Business (P2B) payments model, which aims to replace the traditional model and will try to shift power back to the merchant (when it comes to extra transaction fees). AppBrilliance… Read More

EVO Payments to Acquire Chile’s Pago Fácil, a Digital Commerce Payment Platform

EVO Payments, Inc. (NASDAQ: EVOP), a multinational provider of payment tech integrations and acquiring solutions, recently revealed that it has entered into an agreement to acquire Pago Fácil, a digital commerce payment platform in Chile. The deal will be carried out in partnership with its… Read More

Qatar based Payments Fintech Dibsy Secures $300,000 via Pre-Seed Round led by Salem Khalaf Al Mannai

Qatar-headquartered Fintech firm Dibsy has acquired $300,000 through a pre-seed round that was led by Salem Khalaf Al Mannai along with participation from several angel investors. Dibsy’s management reveals that their investment round was finalized in late 2020. The Dibsy team notes: “Our brand is… Read More

Abu Dhabi’s Fintech PayBy to Offer Contactless Payments Options to Al Maya Group Supermarkets in UAE

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

Real-Time Virtual Payments Provider ACI Worldwide Extends Partnership with Kuwait’s National Digital Banking Firm

ACI Worldwide (NASDAQ: ACIW), a multinational provider of real-time virtual payment solutions, reveals that it has expanded its working relationship with KNET, which is Kuwait’s national digital banking firm. Through the expanded partnership, ACI Worldwide and KNET will introduce several innovative virtual payment services in… Read More

$106 Billion Transferred with Zelle via 392 Million Digital Transactions in Q1 2021: Report

Zelle “springs” into 2021 with over $100 billion sent during the first quarter of this year, according to a release. Early Warning Services, LLC, the network operator behind Zelle, revealed on May 5, 2021 that $106 billion was sent via the Zelle Network on 392… Read More

UK Fintech SumUp, a Digital Payments Provider, Appoints Johannes Schaback as New CTO, Effective May 1, 2021

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

Cross-Border Payments Provider CurrencyFair to Merge with Assembly Payments after Standard Chartered Investment

CurrencyFair, a cross-border payments solution provider, and Assembly Payments, whose platform aims to fully automate complex payment workflows, recently revealed that they’ve merged operations as part of a strategic investment from Standard Chartered (which is subject to shareholder approval and regulatory clearance). As noted by… Read More

Indian Cities Report New Record Number of Digital Transactions, while Microfinance Sector Leverages Latest Technologies

The Yogi Adityanath government in Uttar Pradesh (India) has revealed that the area has set a new record in the number of digital transactions performed. Lucknow, The Yogi Adityanath government in Uttar Pradesh reports that banks are now playing a key role in promoting digital… Read More

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