Topic: Payments

Shift4 Payments CEO Unimpressed by Acquisition Offers

Shift4 Payments' CEO Jared Isaacman is reportedly dissatisfied with the valuations his company has received from potential acquirers. This information was revealed in an internal memo that came to ...

SAP Introduces Open Payments Framework

SAP has unveiled an open payments framework that allows merchants to connect with various third-party payment service providers. The platform includes Stripe, Adyen, WorldPay, and Airwallex, among ...

Adyen Expands San Francisco Presence with New Office Lease

Adyen, the world-renowned financial technology platform, has recently signed a sublease for a 150,000-square-foot office building at 505 Brannan Street. The lease is set to extend through December ...

PayPal Appoints New Chief Enterprise Services Officer

PayPal Holdings, Inc. has announced the appointment of Aaron J. Webster as its Executive Vice President, Chief Enterprise Services Officer. The appointment, effective as of March 18, brings a highl...

Nexi Sees Significant Growth in Mobile Payments in Italy

European PayTech company, Nexi, recorded an 88% increase in the value of in-store mobile payments and smartwatch transactions in Italy in 2023, according to new data. The group's technological inf...

EazyPay Announces Collaboration with Tabby

Eazy Financial Services' EazyPay, a prominent Bahraini financial institute known for its Point-of-Sale (POS) and online payment gateway services, has proudly announced its collaboration with Tabby,...

Mastercard Collaborates with Central Bank of Jordan on Payment Digitization

Mastercard has joined forces with the Central Bank of Jordan (CBJ) to develop a strategic plan for the digitization of the national payment ecosystem. This partnership underscores CBJ's commitment...

Stripe Enables Tap to Pay on iPhone for UK Businesses

Stripe, the financial infrastructure platform, has expanded its in-person payment options in the UK by allowing businesses to accept Tap to Pay on iPhone. Businesses utilizing Stripe, from farmers...

Uqudo and Tamara Forge Strategic Partnership, Set to Revolutionize GCC's BNPL Sector

Uqudo, a top digital identity company in the MEA region, has formed a groundbreaking alliance with Tamara, a leading fintech platform in the GCC. This collaboration marks an important step in the f...

Edwin Poot Appointed as Global Chief Technology Officer of Thredd

Thredd, a rapidly growing global payments platform, has recently appointed Edwin Poot, a seasoned financial technology executive, as its Global Chief Technology Officer.

Fiserv and Amadeus IT Group in the Race to Acquire Shift4 Payments

Financial services technology provider, Fiserv, and travel technology company, Amadeus IT Group, are engaged in a business battle to acquire the payments processor, Shift4 Payments. This informatio...

Viva.com Activates Cartes Bancaires on Tap to Pay on iPhone

Viva.com has achieved another first among acquirers like Adyen, Banque Populaire, Caisse d’Epargne, and BNP Paribas. The company has activated Cartes Bancaires (CB), a leading card and mobile payme...

Checkbook Partners with Visa for Faster Disbursements

Payments platform Checkbook has announced a multi-year collaboration with Visa with the aim of speeding up disbursements to businesses, institutions, and individuals across the country. This partne...

Softpay Now Accepts BankAxept, Pioneering Tap-To-Phone Payment Solutions

The leading card scheme in Norway, BankAxept, is now accepted by Softpay as part of their advanced payment solutions. This makes Softpay the first company to offer a tap-to-phone solution that acce...

Buckaroo and ABN AMRO Enter into Transformative Partnership

Payment Service Provider (PSP) Buckaroo has formed a strategic commercial partnership with ABN AMRO, becoming the exclusive provider of advanced merchant payment services for the bank's clients.

PagHiper Gets Approval from Central Bank to Operate as a Payment Institution

Brazilian fintech firm, PagHiper, specializing in Pix and bank receipts for e-commerce, has been approved by the Central Bank to function as a payment institution (PI). The authorization enables it...

American Express Introduces 'Plan It' for UK Customers

American Express has introduced a new feature, 'Plan It', for its UK credit card holders. This new offering allows customers to repay purchases or a part of their monthly bill in installments.

Payter Welcomes New Executives Amid Global Expansion

Payment technology pioneer Payter has announced the appointment of two senior executives, Jack Driessen and Ryan Philo. The move comes amidst the company's ongoing expansion efforts in the UK, Euro...

Bold, Colombian Fintech Firm, Raises $50 Million in Series C Funding

Colombian fintech startup, Bold, has successfully secured $50 million in a recent Series C funding round, led by General Atlantic. This comes two years after its previous $55 million Series B round.

MX Technologies Enhances Trustly's Open Banking Product Suite

MX Technologies, Inc. has revealed that its data enhancement services will be incorporated into Trustly's Open Banking product suite. Trustly, a firm widely relied on by over 8,300 global merchants...

Nuvei Rolls Out Omnichannel Payments Solution Beyond North America

Nuvei Corporation, a Canadian fintech firm, has announced the launch of its enhanced omnichannel payments solution for merchants and platforms beyond North America for the first time. The company's...

French Payment Firm, Worldline, to Cut 1400 Jobs Amid Cost Reduction Efforts

French payments giant, Worldline, has announced that it will be cutting approximately 1400 jobs, equivalent to eight percent of its workforce. This is part of a cost reduction programme, known as t...

Ebury Introduces Direct Transactions Solution Between Brazilian Real and Chinese Yuan

London-based fintech Ebury, specializing in cross-border payments and FX solutions, has launched a groundbreaking solution for direct transactions between the Brazilian real and the Chinese yuan.

Inbank Partners with Montonio for Exclusive Checkout Solution Offering

Financial institution Inbank has announced an exclusive partnership with Montonio, a leading checkout solution provider in Estonia. The initial phase of the partnership will be launched in Estonia ...

Adyen Joins Forces with BILL to Deliver Advanced Card Issuing Capabilities

Adyen, a prominent global financial technology platform, recently revealed a partnership with BILL, a leading financial operations platform for small to midsize businesses (SMBs). This collaboratio...

Zwipe Shifts Focus from Payment Market to Biometric Access Control

Norwegian biometric card firm, Zwipe, will be withdrawing from the payments market due to a disappointing response to its fingerprint-based contactless cards. The company has announced a restructur...

PayMate Expands to Singapore, Australia, and Malaysia

Mumbai-based digital business-to-business (B2B) payments company, PayMate, has announced it is expanding its services to Singapore, Australia, and Malaysia. This development is part of the company'...

PayNow and DuitNow Enable Cross-Border P2P Fund Transfers

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) launched a real-time payment systems linkage between Singapore's PayNow and Malaysia's DuitNow on 17 November 2023. The serv...

PayPal Champions Crypto as Future of Payments

PayPal, the global payments giant, has reiterated its conviction that cryptocurrency, specifically stablecoins, is the future of financial transactions. This comes despite recent scrutiny from regu...

Visa's Proposal: A Potential Relief for Small Retailers

Visa is considering reducing the interchange fee for small merchants to a 2.2 cent flat rate for in-store transactions. This possible change is not simply a rearrangement of pricing, but could resu...

Rokt Partners With Afterpay To Enhance Ecommerce Experience

Leading ecommerce technology company, Rokt, recently announced a partnership with Afterpay, a global leader in the "Buy Now, Pay Later" payment sector. The collaboration aims to present Afterpay's ...

Adyen Introduces Capital for Australian SMBs

Global financial technology platform, Adyen, has introduced its new product, Capital, to its Australian platform customers. This product aims to simplify funding processes for small and medium-size...

Japan Contemplates Joining Indian UPI

Japan is considering the adoption of the Indian Unified Payments Interface (UPI), with the potential for mutual recognition of e-IDs, in a bid to enhance interoperability. This information was reve...

Bridging the Digital Divide: Mukuru and Payfast Collaborate for Cash-Based Online Transactions

A significant number of South African adults, over 19 million, are excluded from digital transactions, according to the World Bank. This segment includes individuals who possess an account but refr...

PagBank and Agibank Achieve Milestone with First Interbank Transfer Using Drex

PagBank and Agibank have recently completed the first interbank transfer using the Drex platform by Real Digital. The trial included the creation of a wallet, asset depositing, and the sending and ...

Consumers Worried About Balancing Christmas and Essential Spending

As Christmas approaches, nearly half of consumers express concern about balancing festive spending with the cost of necessary purchases. This data comes from new research carried out by the embedde...

Optty Partners with Monoova to Enhance Payment Rails in Australia

The world's first universal payments platform, Optty, has formed a partnership with Australia's leading PayTo provider, Monoova. This collaboration will provide Optty access to Australia's payment ...

Worldline Introduces 'Tap to Pay' for iPhone in France

Global payment services leader, Worldline, has announced the introduction of 'Tap to Pay' for iPhone users in France. This new service allows large merchant customers to accept in-person contactles...

Viva.com Expands Tap to Pay on iPhone Service in France

Cloud-based neobank Viva.com has broadened its Tap to Pay on iPhone service in France, offering clients in the region the convenience of contactless payments via iPhone. This development allows Fre...

Tranch Expands B2B Payments Platform Across the US

Tranch, a leader in B2B payments, has launched its enhanced product to significant enterprise clients across the US. The company is uniquely positioned as the only checkout platform designed specif...

Merchant Acquiring Market on the Rise

The merchant acquiring industry is undergoing significant transformations, with a forecast for substantial growth. According to Boston Consulting Group (BCG), the industry's global revenue is expec...

Affirm Holdings Reports Strong Fiscal First Quarter

Affirm Holdings has released its fiscal first quarter results, highlighting an increase in consumer spending and a positive response to its debit card offering. The company saw its gross merchandis...

Block Initiates Layoffs Amid Strategic Growth Concerns

Block, the financial services technology firm led by Jack Dorsey, is reducing its workforce by at least a thousand employees. The company, which includes the point-of-sale platform Square, payments...

TrueLayer's Open Banking App Live on Shopify

Following its recent merger with Stripe, TrueLayer's App-to-App (A2A) payment application is now available in the Shopify App Store. This development not only allows UK and EU vendors to incorporat...

Montonio Integrates BLIK into Merchant Checkouts in Poland

Montonio has enhanced the online shopping experience with the integration of BLIK into merchant checkouts in Poland. This latest update reflects Montonio's determination to keep pace with changing ...

CFPB Proposes Increased Federal Oversight on Digital Wallet Providers

In a move designed to level the playing field and protect consumers from new risks, the Consumer Financial Protection Bureau (CFPB) has proposed a rule that could place more federal regulation on n...

Mastercard Partners with WorldPay and Travel Tax Free for Instant Tax Refunds

Mastercard has announced a new partnership with WorldPay and the Spain-based Travel Tax Free firm. The collaboration will integrate Mastercard's Send into Travel Tax Free's management service, allo...

myPOS Partners with Germany's Largest Taxi Association

UK-based fintech company, myPOS, has announced a significant partnership with Taxi-München eG, Germany's largest taxi association. Starting in January, myPOS will supply card readers to the associa...

Mangopay and Aria Team Up to Enhance B2B Payment Infrastructure

Mangopay, a platform-specific payment infrastructure provider, has joined forces with Aria, a French-based embedded invoice financing provider. The collaboration aims to equip B2B marketplace and S...

Volante Technologies Raises $66M in Latest Funding Round

Fintech company Volante Technologies has secured $66 million in a funding round spearheaded by Sixth Street Growth. This round also saw contributions from Wavecrest Growth Partners and Wells Fargo ...

FinXP Partners with Mastercard to Unveil Cross-Border Payment Solution

European payments and banking solutions provider, FinXP, has recently announced a strategic collaboration with Mastercard. The partnership is aimed at introducing a new cross-border payment solutio...

Prometeo Fintech Introduces Real-Time Payments via Links and QR Codes

Prometeo, a leading fintech firm, has announced the launch of a new account-to-account service via links and QR codes, following in the footsteps of major banks in the country.

Klarna Reaches Agreement with Workers, Averting Strike

Swedish fintech behemoth, Klarna, has successfully negotiated with its employees, thereby preventing a planned strike, according to a report by TechCrunch. Workers had planned to strike over the ab...

Nuvei Teams Up With American Express for A2A Payments

Pay with Bank transfer (PwBt), an initiative powered by American Express, has chosen Canadian fintech firm, Nuvei Corporation, as its first acquirer authorised to promote and sell PwBt’s Open Banki...

Nordic Countries Lead in Contactless Payments Adoption

Consumers in Finland, Denmark, Sweden, and Norway are spearheading the global transition to cashless and mobile payment methods. Surveys indicate that nine out of every ten Nordic consumers use con...

Fintech Firms Druo and Yuno Forge Partnership for Direct Bank Account Payments in Colombia

Druo and Yuno, two prominent fintech companies, have formed a partnership to provide businesses with an innovative and efficient payment solution.

JCB and Stripe Expand Partnership for Europe, Singapore, and Hong Kong

JCB International Co., Ltd., and financial infrastructure platform Stripe, have announced an extended partnership for Europe, Singapore, and Hong Kong. The collaboration aims to provide growth oppo...

Visa's Click to Pay: The Future of Checkout Payments

Visa, a global leader in digital payments, is propelling the future of payments with a new solution called Click to Pay. This innovative digital payment system aims to offer a seamless, secure, and...

FERO Secures $3M Seed Funding to Improve Online Payment Experience

Amsterdam-based startup, FERO, has successfully closed a $3 million seed round. The round saw participation from Coatue, Volta Ventures, and Antler. This capital injection will enable the company t...

PayPal Appoints Jamie Miller as New CFO

PayPal Holdings, Inc. has announced the appointment of Jamie Miller as its new Executive Vice President and Chief Financial Officer (CFO), taking over her new role on November 6, 2023. Miller will ...

Unions at Klarna Plan Strike Action

The tension at Klarna, the Swedish payments company, is escalating as two additional trade unions have announced plans to strike in sympathy with existing unions. This action follows reports last w...

Government Backs Next Wave of Digital Payments

The next wave of digital payments is expected to be led by ‘person-to-government’ payments, marking a move away from cash transactions. This development is in line with the Digital India policy and...

U4C Introduces Innovative Payment Plugin for Magento

U4C, a fintech company providing innovative Open Finance solutions, has launched the first-ever Magento plugin for the Brazilian market. E-commerce, an essential part of many businesses' sales stra...

EPI Acquires Dutch Payment Solution iDEAL and Luxembourg Tech Provider Payconiq International

The European Payments Initiative (EPI) has confirmed the successful acquisition of Dutch payment solution iDEAL and Luxembourg technology provider Payconiq International. This move is a significant...

Thunes Appoints Chloé Mayenobe as New COO

In a move to bolster its leadership team, Thunes, the global B2B cross-border payments infrastructure firm, has appointed Chloé Mayenobe as its new Chief Operating Officer (COO). The appointment co...

Worldline and Yuno Team Up to Simplify Payment Methods for Latin American Online Merchants

Global payment company Worldline and Colombian online payment startup Yuno have joined forces to streamline multiple payment methods for online businesses in Latin America. The partnership aims to ...

Payoneer and Etsy Partner to Streamline Payments for Sellers in Emerging Markets

Payment service provider Payoneer has joined forces with online marketplace Etsy to simplify payment processes for sellers in growing markets.

Square Introduces Tap to Pay on iPhone in Australia

Square has unveiled its Tap to Pay on iPhone technology in Australia, marking its first extension of the technology outside the USA. This feature, accessible within the Square Point of Sale, Square...

Zeller Introduces Tap to Pay on iPhone for Contactless Payments

Zeller, an Australian fintech reshaping business banking, has just launched a new feature allowing businesses to accept in-person contactless payments using Apple's Tap to Pay on iPhone technology ...

Walmart Canada Unveils Interest-Free Buy Now, Pay Later Option

Walmart Canada has launched a new interest-free Buy Now, Pay Later (BNPL) option for its online shoppers. The new facility, powered by Klarna, is available on the Walmart Canada website and mobile ...

Tribe Payments Joins Temenos Exchange

Tribe Payments, a prime provider of payment processing technology, has announced the availability of its Tribe Core Platform on Temenos Exchange. The Temenos Exchange is an ecosystem of integrated ...

BIGO Partners with Checkout.com and Visa to Revolutionize Content Creator Economy

Global technology leader BIGO has joined forces with Checkout.com and Visa, announcing a strategic partnership aimed at transforming cross-border payouts for content creators based in the United Ki...

inDrive Introduces Cashless Payment Solution in Brazil with dLocal

Global mobility and urban services platform, inDrive, has implemented a new payment solution for its Brazilian app users. This has been made possible through a collaboration with dLocal, a payment ...

Escrowpay Secures Digital Escrow Authorization and $6M Funding

Escrowpay, a digital escrow platform from India, has received regulatory authorization from the International Financial Services Centres Authority in Gujarat. This approval allows the company to ma...

APAC Remains Pivotal to Global Payments Revenue Growth

The 2023 McKinsey Global Payments Report highlights the significant role of the Asia-Pacific (APAC) region in the industry's growth. Despite a more muted growth rate of 4% compared to other regions...

Spike in Usage of Buy Now Pay Later Services, FCA Reports

The Financial Conduct Authority (FCA) has reported a "significant increase" in the use of Buy Now Pay Later (BNPL) options for purchases. Roughly 27% of UK adults, or 14 million people, have utiliz...

Indonesian Fintech Akulaku Faces Restrictions on BNPL Services

The Financial Services Authority (OJK) of Indonesia has placed limitations on the buy now, pay later (BNPL) operations of local fintech firm, Akulaku. This decision is a consequence of Akulaku's in...

SEPA Payment Schemes ISO 20022 Migration Delayed

The European Payments Council (EPC) has decided to postpone the migration of SEPA payment schemes to the ISO 20022 2019 version. The delay, set for four months until March, comes after the determin...

SoftPay and Dotykacka Form Strategic Partnership for Tap-to-Phone Payments in Czech Republic and Slovakia

Tap-to-phone technology provider, SoftPay, and multifunctional point-of-sale (POS) system solution provider, Dotykacka, have announced a strategic partnership to meet the growing demand for contact...

Bottomline Opens Access to ACH Supplier Network

Bottomline, a leading figure in business payments worldwide, has announced that its B2B payment network will now be accessible to approved financial institutions, fintechs, and other entities seeki...

Buckaroo and Silverflow Announce Partnership

Payment service provider Buckaroo and payment processing platform Silverflow have announced a collaboration. Silverflow will provide Buckaroo with a processing platform to further support its credi...

Sir Ron Kalifa Joins Brookfield to Lead Financial Infrastructure Strategy

Sir Ron Kalifa, former leader of Worldpay and current chair of Network International, has been appointed as vice-chair and head of financial infrastructure strategy at Brookfield. This move signals...

Freemarket Gains Irish Payments License for European Expansion

London-based fintech platform, Freemarket, has secured a Payment Institution license from the Central Bank of Ireland. This development signals a significant step forward in the company's plans to ...

Klarna and Airbnb Introduce 'Pay Over Time' in Ireland

Airbnb has partnered with Klarna to launch Pay Over Time, a new payment method that allows guests in Ireland to spread the cost of their reservation. Today's launch is part of a larger, phased glob...

Modern Treasury Introduces AI Reconciliation Suggestions Tool

Modern Treasury, a payment operations platform, has announced its new AI Reconciliation Suggestions tool at the Money 20/20 event in Las Vegas. This tool is expected to boost the efficiency of reco...

Bluefin and CORE Announce Partnership to Enhance Payment Security

Bluefin, a leading name in PCI-validated encryption and tokenization technologies, has formed a partnership with CORE, a provider of enterprise revenue and payment management solutions. This allian...

Viva.com Launches Real-Time Settlement and Offline Payments

Leading European cloud-based neobank, Viva.com, has rolled out two new product features aimed at simplifying business operations across Europe.

Alipay+ Partners with LankaPay to Boost Cross-Border Digital Payments

Alipay+ has entered into a Memorandum of Understanding (MoU) with Sri Lanka’s National Payment Network, LankaPay, to improve inbound and outbound travel experiences via cross-border digital payment...

Berlin-Based Mondu Starts Operations in UK after FCA Registration

Berlin-based business-to-business payments startup, Mondu, has received registration from the Financial Conduct Authority (FCA). Following this, the company has begun working with its initial 16 cl...

Thunes Teams with China Construction Bank to Boost Cross-Border Payments

Thunes, the global B2B payment infrastructure platform, is set to collaborate with China Construction Bank (CCB), a top commercial bank in China, to enhance cross-border payments. The partnership a...

Shift4 Payments Secures Approval for $525M Acquisition of Finaro

Shift4 Payments, a major payment processing firm, has gained final approval to acquire Finaro, an Israeli-based payment service provider. This green light concludes a pursuit that has stretched for...

TodayPay Introduces "Refunds as a Service™" Payment Solution

TodayPay Inc., a technology company led by former J.P. Morgan Managing Director and Head of Fintech, Jeremy Balkin, has launched a new payments fintech product dubbed "Refunds as a Service™". The c...

Visa to Launch New Solution for Virtual Card Transactions

Visa, a global leader in payments, is set to pilot the Visa AR Manager, an innovation aimed at reducing the friction commercial merchants experience with virtual card acceptance.

Hokodo and Balance Partner to Redefine Global Payment Terms

Europe-based Hokodo and US-based Balance have announced a groundbreaking partnership that aims to transform the global payment terms scenario. This collaboration will generate new opportunities for...

Yuno and Bamboo Payment Systems Join Forces to Revolutionize Cross-Border Payments in LATAM

Cross-border payments, where the issuer and recipient of funds are located in different countries, have always been a crucial pillar of international trade. These transfers often involve a complex ...

Stripe Incorporates TrueLayer's Open Banking Payment Options

Stripe has chosen TrueLayer to provide its first European open banking payment option. This announcement means that Stripe merchants across the UK and Europe can now offer open banking payment meth...

HiWi Receives Major Pre-seed Funding for Cross-border Payments

Cross-border fintech platform HiWi has recently secured INR 7.25 Cr in a pre-seed funding round. The round was spearheaded by Unicorn India Ventures and the Unmaj Group Family Office.

Square Unveils Ten New AI-Powered Features for Sellers

Square has introduced ten new generative AI features to enhance operational efficiency for its sellers. These tools are directly embedded into Square's business software, providing an extra set of ...

ezyCollect Unveils Beta Release of Payment Plans Feature

ezyCollect, a leader in accounts receivable automation, has launched the beta version of its novel feature, Payment Plans. This feature aims to revolutionise the management of recurring payments fo...

Finzly Secures $10M in Series A Funding

Finzly, a leading provider of innovative payments infrastructure for financial institutions, has successfully closed a Series A funding round, raising $10M. The funding round was backed by TZP Grow...

Mondu Secures FCA Approval and Launches B2B BNPL Services in the UK

Berlin-based startup Mondu, specializing in B2B buy now, pay later (BNPL) services, has gained approval and licensing from the Financial Conduct Authority (FCA). The company has announced plans to ...

BNP Paribas and Startup Studio 321 Introduce Fintech Solution for Marketplace Payments

BNP Paribas, teaming up with Startup Studio 321, has announced the launch of a standalone fintech solution, named Panto, designed to orchestrate marketplace payments. This venture will operate via ...

Samsung Invests in Fintech Firm Skipify

Samsung has made a strategic investment in fintech company Skipify, whose technology is designed to streamline the online checkout experience. The specifics of the investment have not been disclose...

Mastercard Enhances Open Banking Activity with Worldpay and Zip Partnerships

Mastercard has announced partnerships with Worldpay, a merchant solutions business, and Zip, a Buy Now Pay Later (BNPL) firm, in a bid to escalate its open banking initiatives.

Klarna and Rokt Join Forces to Enhance Consumer Experience

Sweden-based payments group Klarna has entered into a strategic partnership with Rokt to enhance its marketing solutions through the use of Rokt's technology.

Stax Payments Acquires Atlantic-Pacific Processing Systems

Stax Payments, a prominent payment technology provider, has recently announced its acquisition of Atlantic-Pacific Processing Systems (APPS). The procurement of APPS is anticipated to significantly...

Amazon Payment Services Secures UAE Retail Payment Services License

Amazon Payment Services, the Middle East and North Africa (MENA) region's digital payments leader, has secured a Retail Payment Services license from the UAE Central Bank. This marks a significant ...

Roqqett to Launch Innovative Payment Suite at Open Banking Expo

Open Banking payment platform, Roqqett, is preparing to introduce its A2A (Account to Account) payment suite at the Open Banking Expo, scheduled for the 18th of October 2023.

Token.io Expands Account-to-Account Payment Infrastructure to Scandinavia

Token.io, the leading account-to-account (A2A) payment infrastructure provider, has expanded its network to include Sweden, Norway, Denmark, and Finland. This will allow the provider to offer Accou...

Rising Popularity of Buy Now, Pay Later Services in the UK

According to research by Clearpay, a leading Buy Now, Pay Later (BNPL) service, 30% of British adults have used BNPL to make at least one payment over the 12 months ending August 2023. The study fo...

Bud Financial Welcomes Two New Senior Leaders

Bud Financial (Bud), a significant AI-powered data intelligence platform in the financial services and banking industry, has announced the appointment of two senior leaders. Their roles will focus ...

Al Etihad Payments Unveils Instant Payments Platform Aani

The Central Bank of the UAE's (CBUAE) subsidiary, Al Etihad Payments (AEP), has introduced Aani, a cutting-edge instant payments platform. Aani, part of the CBUAE's Financial Infrastructure Transfo...

Zeller Terminal Introduces Split Payments

The awkwardness and inconvenience of splitting the bill at a venue are about to become a thing of the past with the introduction of Split Payments, a new feature offered by Zeller Terminal. This fe...

BigPay Partners with Thredd to Bolster Payment Services

Southeast Asian fintech company, BigPay, is collaborating with Thredd to augment its payment services. The partnership will commence with BigPay's upcoming launch in Thailand, and will extend to In...

myPOS Launches Tap to Pay on iPhone for UK Merchants

myPOS, a UK-based payments company, now offers Tap to Pay on iPhone feature for businesses in the UK. The feature, available through the myPOS Glass app, enables merchants to accept contactless pay...

Prommt Sees 100 Percent Increase in Open Banking Adoption Rates

Prommt, a leading payment platform, has reported a more than 100 percent increase in the adoption of its Pay by Bank solution. Businesses in the UK and Ireland are processing tens of millions per m...

Intuit Unveils QuickBooks Bill Pay, an AP Automation Solution

Intuit Inc., the global fintech platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched a fully integrated solution within QuickBooks that revolutionizes bill payment for bu...

PepsiCo Reports Shift Towards Smaller Packaging

PepsiCo, the food and beverage titan, has observed a shift in consumer preferences towards smaller packaging. This change, according to the company's third-quarter earnings report, is not only due ...

Adyen Introduces Tap to Pay on iPhone in Australia

Adyen, a leading global payments platform, has launched Tap to Pay on iPhone in Australia. This cutting-edge technology enables merchants to accept contactless payments using only an iPhone and a s...

Hitachi Payment Services Introduces HPX Innovation Programme

Hitachi Payment Services has initiated an innovation programme, HPX. This new venture underscores the company’s dedication to transforming the payments industry through long-term collaborations wit...

Consumer Expectations for BNPL Services

The convenience and flexibility of deferred payment plans, such as credit card installment plans and buy-now-pay-later (BNPL) options, are making them increasingly popular among consumers. However,...

Abba Payments Unveils Abba Wallet, a Super Everything App for Africa

Abba Payments Ltd. has announced the launch of Abba Wallet, a comprehensive financial technology (fintech) application aimed at transforming the fintech industry in Africa. Abba Payments Ltd. is a ...

Block Inc. Trims Its Recruitment Team

Block, the $26bn fintech decacorn who owns Square, CashApp, and Shopify, has recently laid off a significant portion of its recruitment staff. The company, which has mostly managed to stay out of t...

Kasssh: New Online Cash Payment Solution Introduced to UK Market

The UK e-commerce sector is set to transform with the introduction of Kasssh, a novel online cash payment solution. Kasssh, which recently exited stealth mode, is now accessible to all UK e-commerc...

Payroc Partners with Ingenico to Launch AXIUM Terminal Line

Payroc, a leading payment processing platform, has announced a partnership with Ingenico, a global leader in payments acceptance solutions. The collaboration will see the release of the Ingenico AX...

Discover Launches Cloud-Based Network Tokenization Platform

Discover Global Network, the payments division of Discover®, has unveiled a new cloud-based network tokenization platform. This platform provides a flexible and scalable token solution for business...

U.S. Faster Payments Council Releases Instant Payments Operational Guidelines

The U.S. Faster Payments Council (FPC) has unveiled its first guideline on operational considerations for instant payments. Developed by the FPC Operational Considerations for Instant & Immediate P...

Australia Set to Regulate Digital Wallet Providers

The Australian government has announced plans to introduce legislation that would give the Reserve Bank of Australia (RBA) the power to regulate digital wallet providers, such as Apple Pay and Goog...

GoDaddy and Paze Team Up to Simplify Online Shopping Experience

GoDaddy, the global platform for entrepreneurs, and Paze, an online payment solution, are joining forces to enhance online checkout processes, aiming to reduce the number of abandoned shopping cart...

Verifone Appoints New CEO, Mike Kohlsdorf

Verifone, a global leader in payment solutions, has announced the appointment of Mike Kohlsdorf as its new CEO. He will succeed Mike Pulli, who is leaving the organization after a five-year tenure.

Galileo Financial Technologies Expands into Five Latin American Markets

Galileo Financial Technologies, LLC, a SoFi Technologies, Inc. subsidiary, has achieved Mastercard certification to simultaneously provide services in five new Latin American countries. This expans...

EMV Payments Coming to Mass Transit with Masabi and Worldpay Collaboration

Transit ticketing technology company, Masabi, has unveiled a new partnership with financial services technology leader, Worldpay from FIS. The collaboration will deliver a pre-integrated and pre-ce...

Kenyan BNPL Firm EDOMx Partners with finbotsAI for Credit Risk Management

EDOMx, a Delaware-based company with operations in Kenya, renowned for its Mobile Money Buy Now Pay Later (BNPL) service FARAJA, has announced a partnership with Singapore-based B2B SaaS FinTech, f...

American Express Tests Biometric Authorization for Online Payments

American Express has integrated a biometric feature within its SafeKey 3-D Secure authentication product. This addition is aimed at enhancing the security for clients during online payments and tra...

TrueLayer Hits One Million Monthly Recurring Payments

TrueLayer, a prominent open banking payments network in Europe, has achieved a significant milestone. The firm has successfully processed 1 million variable recurring payment (VRP) transactions wit...

Global Payments Oceania Introduces Omnichannel Solution

Global Payments Oceania, a leader in the digital payment industry, has recently launched an omnichannel solution that employs real-time technology. The technology is connected by a new, innovative ...

Mynt Acquires Majority Stake in ECPay

Philippines-based telecom company, Globe, has sold a 77% stake in electronic payment service provider ECPay to GCash's parent company, Mynt. The acquisition is expected to enhance GCash's fintech s...

PayPal Accused of Unfair Competition in New Lawsuit

Global payment processor, PayPal, is facing a class-action lawsuit over allegations that it stifles competition with lower-cost payment platforms like Stripe and Shopify. The lawsuit has been filed...

TrustPay Expands Payment Services with ibanXS Partnership

Slovakian Payment Service Provider (PSP), TrustPay, is taking a significant stride in the payments industry. By obtaining a Payment Initiation Service Provider (PISP) license in early 2023, the com...

Tebi Launches Tap to Pay Feature in the Netherlands

Tebi, an Amsterdam-based startup, has launched a Tap to Pay feature, marking the first time a cash register platform has introduced such a service in the Netherlands. The feature simplifies the pay...

European Startup Getpaid Secures $6 Million in Seed Funding

Getpaid, a European fintech startup specializing in marketplace and platform payments, has raised $6 million in a seed funding round. The round was led by Nordic investor Inventure and saw particip...

Europe Poised to Lead in Carbon Removal, says Stripe Founder

John Collison, founder of the US-Irish payments giant Stripe, has urged Europe not to forgo the opportunity to become the global frontrunner in carbon removal. Speaking at the Sifted Summit, Collis...

French Company Worldline Acquires Banca del Fucino's Merchant Acquiring Activities

Worldline, a French payments company, has entered into an agreement to purchase the merchant acquiring activities of Italian lender, Banca del Fucino. The two firms announced the arrangement in a j...

Tietoevry and Maldives Monetary Authority Unveil Instant Payments System

In a significant development for the financial technology sector, Tietoevry Banking and the Maldives Monetary Authority (MMA) have launched an Instant Payment System, Favara. Tietoevry Banking, ren...

Prex and Tapi Join Forces in Peru and Argentina

Prex, a financial platform offering a virtual wallet and prepaid Mastercard in Latin America, has teamed up with Tapi, a payment processing service. This partnership aims to enhance the experience ...

Fiserv Joins Swift Partner Programme

Global provider of payments and financial services technology solutions, Fiserv, Inc., has joined the Swift Partner Programme as a Platform Partner, building upon its longstanding relationship with...

Stampli Raises $61M in Series D Venture Funding Round

AI-powered accounts payable automation leader, Stampli, has raised $61 million in a Series D venture funding round. The round was led by funds managed by Blackstone and saw participation from exist...

Growth of E-Commerce and Alternative Payments in India

According to an analysis of GlobalData's E-Commerce Analytics, the value of India's e-commerce market is predicted to surge at a compound annual growth rate (CAGR) of 28.2% from INR2.8trn ($33.9bn)...

Nuvei Opens New Operational Hub in China

Nuvei Corporation, a Canadian fintech company, has recently announced the opening of its latest operational hub in China. This move is part of the company's ongoing efforts to expand its presence w...

Nokia 2660 Flip Phone Introduces UPI Scan and Pay Functionality

HMD Global, the company behind Nokia phones, has added a new feature to their classic Nokia 2660 Flip phones. The UPI Scan and Pay feature allows users to conduct secure digital transactions with a...

Paystack Launches Virtual Terminals for Faster Bank Transfers

Nigeria-based fintech company, Paystack, is introducing virtual terminals to allow merchants to accept payments through bank transfers. This move is aimed at promoting the rapid growth of its "pay ...

Brite Payments Secures $60m for Instant Payments Expansion in Europe

Swedish fintech firm, Brite Payments, has garnered $60m in funding to accelerate its instant payments services across Europe. The company, founded by CEO Lena Hackelöer in 2019, offers businesses i...

Access Africa and Thunes Improve Cross-Border Payments in Africa

A new partnership formed between Access Africa and Thunes aims to streamline and simplify cross-border transfers and payments across 13 African countries. Thunes is a global payment infrastructure ...

Wibond Launches "Dame Cuatro" Service Amid Inflation

In a high-inflation environment where prices increase monthly, Wibond has launched its service "Dame Cuatro" for its over 500,000 users. This service allows purchases at participating stores in fou...

Colombian Paytech Druo Simplifies Financial Transactions with New Service

At the 2023 Latam Fintech Market event held in Barranquilla, Colombian paytech network Druo unveiled a new service that enables businesses to send and receive payments directly to bank accounts at ...

South African Fintech, Stitch, Raises $25M in Series A Extension

Open banking, which allows traditional banks to release their data via APIs for the development of new financial services, has greatly impacted global payments over the last decade. This innovation...

Exchange Bank and Pidgin Partner for Real-Time Payments

Exchange Bank, a financial institution established in 1909, has teamed up with Pidgin, a cutting-edge real-time payments platform. This partnership aims to provide instant payment services to Excha...

Peach Payments Secures $30M in Funding Round

Digital payment service provider Peach Payments has successfully closed a $30M funding round, led by Apis Growth Fund II, a private equity fund managed by UK-based asset manager, Apis Partners LLP....

The Rising Cost of Card Payments: A Challenge for UK Retailers

The ever-changing retail sector is finding it increasingly crucial to keep a close eye on profit margins. The explosion of card payments, while initially welcomed, has inadvertently escalated costs...

Block's Square Introduces New Features for Sellers

Block's merchant business, Square, has launched new features for sellers, among which include customizable website themes and a product description tool powered by artificial intelligence. These fe...

iDEAL and in3 Launch Pilot for Spread Payments

iDEAL is teaming up with Dutch fintech, in3, to launch a pilot scheme that will allow customers to pay in three instalments using iDEAL’s payment methods. The initiative aims to assess the receptio...

Slope Secures $30 Million to Enhance B2B Payments Platform

Slope, a platform designed for business-to-business (B2B) payments for enterprise firms, has closed a venture round worth $30 million aimed at expanding its operations. The company's primary goal f...

Alipay+ Rolls Out #MoneyCannotBuy Marketing Campaign

Alipay+, a provider of cross-border digital payments and marketing solutions, has launched its new marketing initiative known as #MoneyCannotBuy. The campaign comprises social media activities and ...

Jack Dorsey takes over as Block's Merchant Unit CEO, Analysts Predict Priorities

Jack Dorsey, co-founder and head of Block, is set to take over the role as CEO of Block's merchant unit from Alyssa Henry starting October 2. This transition comes on the heels of an outage that af...

Coinbase Acquires Major Payment Institution Licence in Singapore

Coinbase Singapore has successfully obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore. This development enhances the company's commitment to the Singapore ...

PayPal Joins the Curve Wallet

In a recent development, Curve has announced its partnership with PayPal to bring the online payment platform into the offline and real world.

# Cushion Fintech Shifts Focus to BNPL Loan Management

Cushion, a fintech company, has shifted its focus to managing buy now, pay later (BNPL) loans, as stated by its CEO, Paul Kesserwani. The shift comes as Kesserwani recognized the difficulty in mana...

Thunes Expands Payment Network Across Southeast Asia

Thunes, a global cross-border payments infrastructure network, has broadened its reach to include Singapore, Malaysia, Indonesia, the Philippines, and Thailand. This development will facilitate Eur...