Tagged: visa

August 2, 2020 @ 2:01 pm By Omar Faridi  |  

Digital payments experienced a surge in India during July 2020. UPI transactions increased by 11% month-over-month to $38.7 billion in July. Unified Payments Interface (UPI) is an instant real-time payment system that has been created by India’s National Payments Corporation. It aims to facilitate inter-bank… Read More

July 16, 2020 @ 1:44 pm By JD Alois  |  

Plaid is a Fintech that jumped to the top of the news cycle when Visa (NYSE: V) announced in January that it was acquiring the Fintech for $5.3 billion. Plaid’s services enable consumers the ability to share their financial information with thousands of apps and… Read More

July 15, 2020 @ 9:50 pm By Omar Faridi  |  

Payments giant Visa (NYSE: V) is reportedly set to enter the emerging installment payments sector. Visa’s management said the firm is currently working with several partners on various initiatives in the US. Installment payments, where consumers at the point-of-sale are able to pay off their… Read More

July 14, 2020 @ 1:40 pm By Samantha Hurst  |  

Global fintech platform Nium (formerly known as InstaReM) announced on Tuesday it has expanded Visa Card insurance service in Europe. This news comes just after Nium announced similar services in Australia. Founded in 2015 as InstaReM, Nium is on a mission to improve the cross-border… Read More

July 13, 2020 @ 7:52 am By JD Alois  |  

Lloyds Bank is in the process of incorporating a new subscription management service within its banking app, according to a release from the company. The new service will be provided in partnership with Minna Technologies and Visa. The subscription management service will enable users to… Read More

July 6, 2020 @ 11:34 pm By Omar Faridi  |  

Cuy Sheffield, the head of Crypto at Visa, says that central bank digital currencies (CBDC) could potentially prove to be one of most important developments in the coming decade. Sheffield, who previously worked in business development at TrialPay, is now responsible for overseeing Visa’s crypto-related… Read More

July 1, 2020 @ 9:47 pm By Omar Faridi  |  

DayTek Capital, a company focused on building Australia’s first “product-disruptive” neobank, is the latest firm to join Visa’s Fintech Fast Track program as it prepares for the launch of Infinity, an all-digital banking challenger. By joining the program, DayTek Capital will be able to help… Read More

June 30, 2020 @ 10:30 pm By Omar Faridi  |  

India-based LivQuik, a company that aims to enable the efficient movement of funds, has joined Visa’s Fintech Fast-Track Program. Visa’s fast-track program offers a new commercial framework that allows clients to easily access the payment giant’s services in order to settle transactions more efficiently. LivQuik,… Read More

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

June 24, 2020 @ 9:25 am By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Wednesday it has formed a new partnership with TerraPay, a global payments infrastructure company, for the development and delivery of payment solutions in an effort to drive financial inclusion and cashless transactions for domestic payments and global remittances. The… Read More

June 24, 2020 @ 7:44 am By Omar Faridi  |  

Brazil’s reserve bank has reportedly instructed Mastercard and Visa to suspend processing transactions on behalf of WhatsApp. As reported on June 15, 2020, the Facebook-owned WhatsApp messaging platform began facilitating payments in Brazil. However, the Central Bank of Brazil (BC) has now taken action against… Read More

June 22, 2020 @ 3:31 pm By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Monday it has launched a digital tool, Advanced Identity Score, to help U.S. financial institutions with their efforts to combat new account fraud. According to Visa, Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with… Read More

June 17, 2020 @ 10:27 am By JD Alois  |  

BPC, a payment solutions, has today announced that it will be joining Visa’s Fintech Fast Track Program as the preferred technology enablement partner for Visa. BPC has been around for quite some time (1996) providing solutions to both traditional and newer financial services firms. The… Read More

June 15, 2020 @ 11:28 pm By Omar Faridi  |  

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, has teamed up with Visa in order to issue business cards that offer 0.50% exchange rates. The Payhawk team says that by working with the payments… Read More

June 15, 2020 @ 3:42 pm By JD Alois  |  

2020 Inclusive Fintech 50 is now accepting applications for Fintechs driving innovation and providing financial services for the underbanked or non-banked population. In its second year of operation, IF50 seeks to identify a cohort of 50 high-potential, early-stage, and innovative fintech startups driving financial inclusion and… Read More

June 9, 2020 @ 9:06 am By JD Alois  |  

Nium, a Singapore based Fintech platform, has become a Visa issuer in Australia due to its partnership in Visa’s Fintech Fast Track program. In a release, Nium explained that it will be able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead… Read More

June 8, 2020 @ 7:42 am By Omar Faridi  |  

Berlin-headquartered Vivid Money, a digital banking service provider that’s supported by Russia’s Tinkoff Bank, launched on June 8, 2020 through a partnership with solarisBank and payments giant Visa. Vivid Money says it’s the first mobile-based, full-service banking solution, providing cashback incentives, sub-accounts in major foreign… Read More

May 26, 2020 @ 7:38 am By Omar Faridi  |  

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

May 25, 2020 @ 1:03 am By Omar Faridi  |  

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop solutions for startups and SMEs that will help them improve their overall productivity and efficiency. Businesses will be able to… Read More

May 21, 2020 @ 10:22 pm By Omar Faridi  |  

GoodData, an established global analytics firm, confirmed on May 20, 2020 that it had formed a partnership with digital payments giant Visa (NYSE:V). As noted in a press release, Visa Ventures has made a strategic investment into GoodData’s operations. Visa plans to continue supporting access… Read More