Tagged: instant payments

September 16, 2021 @ 8:36 am By Omar Faridi  |  

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 21, 2021 @ 3:42 am By Omar Faridi  |  

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

July 18, 2021 @ 10:59 am By Omar Faridi  |  

UK-based Fintech firm SplitBill, which enables free instantaneous fund transfers between friends and family members and allows merchants to save in processing fees versus credit cards transactions, reveals that it has now raised £99,370 (of its £150,000 target) from 52 investors via Crowdcube. SplitBill, which… Read More

July 15, 2021 @ 6:46 pm By Omar Faridi  |  

Polygon has partnered with Community Gaming in order to enable scalable E-sports tournaments. Built for grassroots tournament organizers, Community Gaming’s platform has been designed to  make it easier to develop custom e-sports tournaments within minutes with preconfigured payments. As noted in a release shared with… Read More

July 14, 2021 @ 2:38 am By Omar Faridi  |  

Thunes, a global payments network, has teamed up with ABA Bank so that they can enable Cambodians overseas to send funds back home “quicker and cheaper from around the world.” As noted in a release shared with CI: “Previously, customers making international money transfers to… Read More

June 16, 2021 @ 3:17 am By Omar Faridi  |  

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

June 15, 2021 @ 1:50 pm By Omar Faridi  |  

EBA Clearing and Iberpay revealed on Tuesday (June 15, 2021) that they have introduced two interoperable services to handle messages and offer functionalities that comply with the updated SEPA Request-to-Pay Scheme (SRTP) developed by the European Payments Council (EPC). The introduction of these infrastructure services… Read More

June 4, 2021 @ 1:23 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a global Fintech firm supporting digital banking and instant payment solutions, has hired Kamran Haidari to serve as its Chief Technology Officer and Braulio Lam will be responsible for leading product innovation and development as the firm’s Chief Product Officer. As… Read More

June 2, 2021 @ 10:11 pm By Omar Faridi  |  

Canada’s Clik2pay, a near-real-time bill payments service, was recently introduced during the Payments Canada SUMMIT, together on stage with the nation’s leading businesses. Leveraging the Interac e-Transfer service and provided via the Peoples Trust Company, which is part of the People’s Group, the new Clik2pay… Read More

May 27, 2021 @ 11:47 pm By Omar Faridi  |  

Indian neobank Razorpay notes in a blog post that we are living in a world with “ever-increasing” consumer expectations and “endless options” to choose from these days. The Razorpay team points out that competition among businesses has been increasing over the years. This has helped… Read More

May 20, 2021 @ 12:27 am By Omar Faridi  |  

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

March 6, 2021 @ 10:46 am By Omar Faridi  |  

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

January 13, 2021 @ 11:35 pm By Omar Faridi  |  

Bank of Lithuania, the nation’s central bank, has revealed that the number and value of payments completed via its platform, CENTROlink, had doubled last year, while instant payments surged by around four times (when compared to previous years). Keeping these developments in mind, Bank of… Read More

January 6, 2021 @ 11:40 am By Samantha Hurst  |  

VibePay, a UK-based payments platform, announced this week the launch of its new VibePay Business dashboard. According to VibePay, the dashboard will enable small-medium businesses to activate instant account-to-account payments with customers. “Our new offering adds additional value by creating meaningful connections and experiences between… Read More

November 17, 2020 @ 9:35 pm By Omar Faridi  |  

Brazil’s reserve bank has launched its PIX instant payments platform and has also noted that WhatsApp might soon be allowed to reintroduce its peer to peer (P2P) payments service in the South American country. PIX allows local residents, companies, and government agencies to carry out… Read More

November 12, 2020 @ 8:39 pm By Omar Faridi  |  

    Texas-based Fintech firm AppBrilliance, which offers an open payment platform, has acquired more than $3 million through a seed funding round that was joined by Studio VC. Headquartered in Austin, AppBrilliance aims to disrupt the $4 trillion payment processing sector by offering non-custodial… Read More

November 10, 2020 @ 8:47 pm By Omar Faridi  |  

Afterbanks, the Fintech firm that allows users to retrieve and aggregate data from different banks in real-time via an API, has introduced its products and services in Mexico. Afterbanks’ platform has been used to conduct instant and secure payments in Europe and Latin America. Afterbanks… Read More

September 15, 2020 @ 2:03 pm By Samantha Hurst  |  

Payments platform Square announced on Tuesday the launch of two new features, On-Demand Pay for employees, and Instant Payments for employers. The company claims that the features will enable Square Payroll customers and their employees to more easily and effectively manage their cash flow. “The… Read More

August 29, 2020 @ 2:36 pm By Omar Faridi  |  

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has revealed that it has reached a key milestone in establishing its blockchain-enabled clearing platform as a “new standard” for cross-border transactions. The SatoshiPay team notes that, as of August 2020,… Read More