Tagged: virtual payments

Union Mutual Selects One Inc Virtual Payments Platform in Two-Way Implementation

One Inc, the virtual payments network for the insurance sector, announced that Union Mutual, a Vermont-based personal and commercial insurance company, has selected the One Inc Digital Payments Platform “to provide both inbound and outbound digital payments.” This is part of “an overall effort to… Read More

Visa, First Abu Dhabi Bank, DBWC Introduce “She’s Next” Initiative in UAE

Visa (NYSE: V), which claims to be the leader in virtual payments, recently announced the launch of its global She’s Next initiative in the United Arab Emirates in order to economically empower women entrepreneurs. The initiative has been introduced with assistance from First Abu Dhabi… Read More

Credit Union Task Force to Integrate Co-op Digital Payments Apps Into Constellation Mobile Banking Platform

​Co-op Solutions and Constellation Digital Partners recently announced that the two credit union service organizations have established a task force of mutual customers to speed up the integration of Co-op digital apps into Constellation’s online and mobile banking platform. Gail Tofil, VP, Strategic Business Development,… Read More

PayPoint Introduces Charitable Donation Platform

After the appointment of Jason Levy to lead its Strategic Development and Partnership plans in the charity sector, digital payments provider PayPoint is launching PayPoint Donate. PayPoint Donate brings together a digital solution to offer charities and their supply partners with an integrated platform to… Read More

Fintech Ramp Adds Apple Pay as Payment Option for US Clients

Ramp, the payments company making crypto accessible to everyone, has reportedly added Apple Pay as a payment option for its US clients in 36 states. As mentioned in the update shared with CI, the mobile payment option, “already available to consumers on Ramp in the… Read More

Built for Indian Startups: RazorpayX, Razorpay Now Integrate with Slack

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More

Digital Commerce: Bexs Pay Teams Up with Nubank to Serve Brazilian Consumers

Bexs Pay, which claims to be a “pioneer” in offering cross-border transactions, has entered a partnership in order to provide Brazilian consumers with convenient access to global products and services. Bexs Pay will, from now on, be responsible for transfers via NuPay, which is Nubank’s… Read More

Visa Teams Up with Fundbox to Support Payment Capabilities for Small Businesses

Visa (NYSE: V), a “world leader” in digital payments, announced that it is partnering with Fundbox, an embedded working capital platform for small businesses, to strengthen Fundbox’s platform “with the power of digital payments.” The first step in this collaboration “is the launch of the… Read More

GCash, a Philippines based Mobile Wallet from Fintech Mynt, Now Claims 60 Million+ Registered Users

GCash, a Philippines based mobile wallet that’s operated by Mynt under Globe’s corporate venture builder 917Ventures, recently revealed that it now has more than 60 million registered users and over 5 million merchants across the country. As noted in the update, GCash stated that that… Read More

Philippines Central Bank Reveals that EGov Pay’s Digital Transactions Increased 467% Since 2021

The use of EGov Pay, a system that supports virtual payments for government services in the Philippines, reports an increase of 467% in payment volume to more than 91,000 transactions at end of 2021 from about 16,000 transactions a year prior. This, according to the… Read More

NatWest Introduces Confirmation of Payee API for Business Clients

NatWest has introduced an API that allows commercial clients to embed Confirmation of Payee into their own systems and processes. Confirmation of Payee was launched across the United Kingdom’s banking sector in June 2020 in order to combat scammers and safeguard against user errors. The… Read More

Payments Fintech Adyen, KMPG Share Insights from 2022 Retail Report

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

BNPL Fintech Clearpay Extends In-Store Buy Now Pay Later to Smaller High Street Retailers

Clearpay, a key player in Buy Now, Pay Later payments known as Afterpay outside the United Kingdom and Europe, has made its in-store payment functionality available to SMBs across the UK’s high streets. By providing installment payments in-store, Clearpay is supporting them to drive more… Read More

Lavu and Verifone to Offer Unified Payments, Point of Sale Solutions to Restaurants

Lavu, a major global restaurant software and payments solution provider built by restaurant people, and Verifone, a global Fintech firm and payment solution provider to the world’s “best-known” brands, announced a cross-distribution partnership that “will seamlessly integrate Lavu’s all-in-one restaurant software suite with Verifone’s FLEX… Read More

Digital Transformation: QR Code Payments Increasingly being Adopted Globally, Research Report Reveals

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

UK’s NatWest Group to Offer Variable Recurring Payments

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

FedNow Service Pilot Achieves Message Delivery Milestone, Adds New Participants

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

Digital Payments: MYPINPAD and SmartPesa Merge to Become Key Player in Mobile Payment Acceptance

MYPINPAD, which claims to be an international leader in mobile-based payments acceptance and digital authentication solutions, and SmartPesa, a provider of payments and agency banking solutions, have “agreed to merge.” The combined entity will “operate under the MYPINPAD brand.” Customers will benefit from greater scale,… Read More

FOMO Pay Introduces Crypto Payment Solution for Singapore Clients

Retailers in Singapore can now accept digital payment tokens (DPT), through a new cryptocurrency payment solution introduced by Singapore-based Major Payment Institution FOMO Pay. The new payment method intended for retailers is reportedly “the first such to be developed by a Digital Payment Token (DPT)… Read More

BNPL: Fintech Affirm and Poshmark Expand Partnership to Offer Payment Flexibility

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Poshmark, a social marketplace for new and secondhand style, announced a 2-year extension and expansion of their partnership “to deliver increased payment flexibility to shoppers.” Poshmark was one of the… Read More

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