Global Payments (NYSE: GPN) announced the acquisition of Worldpay from GTCR and FIS (NYSE: FIS) for $24.25 billion, as well as the divestiture of its Issuer Solutions business, which FIS is acquiring for $13.5 billion. According to a company statement, the acquisition of Worldpay, will… Read More
Read more in: Fintech | Tagged fis, global payments, gtcr, payments, worldpay
Stich, a Fintech payments venture based in South Africa, has raised $55 million in a Series B funding round led by QED Investors. Other investors include Flourish Ventures, Norrsken22, and Glynn Capital. Existing investors include Ribbit Capital, PayPal Ventures, Firstminute Capital, and angels like Trevor… Read More
Read more in: Fintech, Global | Tagged payments, qed, qed investors, south africa, south aftica
PayFuture Group, a payment provider specializing in emerging markets, has secured an Electronic Money Institution (EMI) license by the Malta Financial Services Authority (MFSA) under the entity PayFuture FS MT Ltd. The license approval marks a key milestone in PayFuture Group’s growth strategy, enabling EU… Read More
Read more in: Fintech, Global | Tagged malta, mfsa, payfuture, payments
In a significant move to enhance the UK’s financial infrastructure, the Bank of England has released its response to a February 2024 discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement. The response outlines the Bank’s commitment to expanding RTGS access,… Read More
Read more in: Fintech, Global | Tagged bank of england, financial infrastructure, payments, uk
DailyPay, a worktech company specializing in earned wage access (EWA), has made significant strides to enhance financial flexibility for workers while navigating regulatory challenges. Recent developments shared by DailyPay underscore its commitment to empowering employees and strengthening employer relationships: a renewed partnership for Financial Literacy… Read More
Read more in: Fintech | Tagged dailypay, ewa, new york, payments, us
Blackhawk Network (BHN), a global enabler of “branded” payment solutions, has launched new payment service designed to help brands more efficiently manage and scale their physical and digital gift card programs. Powered by BHN’s expertise and global connections, these configurable bundles integrate “key strategic services… Read More
Read more in: Fintech | Tagged blackhawk network, digital transactions, payments, product update
Checkout.com, a global digital payments company, announced its intention to expand its card issuing capabilities in the UAE. Checkout.com aims to roll out domestic card issuance “in the region in 2026, pending regulatory approval.” This will enable businesses to launch branded cards, whether physical or… Read More
Read more in: Asia, Fintech | Tagged checkout.com, mena, payments, uae
SPACE ID, a digital identity platform, has launched Payment ID. It links centralized and Web3 applications to allow crypto transfers to any address, chain or wallet. A Payment ID can be as simple as a name – like “jane” – which can then be mapped… Read More
Read more in: Blockchain & Digital Assets, Regtech & Legaltech | Tagged Christian Montoya, harrison seletsky, identity, payments, SPACE ID
Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Shopify, a provider of internet infrastructure for commerce, announced the acceleration of their expansion plans. Shopify merchants in Canada with early access can now offer Shop Pay Installments, powered by… Read More
Read more in: Fintech, Global | Tagged affirm, bnpl, pay over time, payments, shopify
Adyen (ADYEN:AMS), the global financial technology platform of choice for leading businesses, has partnered with LegalZoom, an online platform for legal services, to optimize its payments processes. With a unified solution, Adyen will streamline LegalZoom’s payment processes which will “reduce complexity and administrative overhead.” Adyen’s… Read More
Read more in: Global, Fintech | Tagged adyen, europe, legalzoom, payments
Xero, the small business platform, has launched Tap To Pay on iPhone, enabling Xero customers in Australia with a Stripe account to accept in-person contactless payments with their iPhone and the Xero Accounting app — “no additional hardware or payment terminal needed.” Tap to Pay… Read More
Read more in: Fintech, Global | Tagged apple, australia, iphone, payments, stripe, tap to pay
Airwallex, a payments and financial platform, reported FY2024 performance in Singapore. According to a release from global Fintech Airwallex, FY2024 revenue in Singapore more than doubled, growing 153% YoY, fueled “by strong transaction volumes and a standout Q4.” Lucy Liu, President and Co-founder, Airwallex said:… Read More
Read more in: Fintech, Asia, Global | Tagged airwallex, australia, melbourne, payments, singapore
Bank payment company GoCardless announced a partnership with Optty, a payments API platform, to help businesses in Australia to simplify their payment processes, “operate more efficiently, and scale with ease.” This will allow customers to collect bank payments directly within the Optty platform, without the… Read More
Read more in: Fintech, Global | Tagged gocardless, optty, payments, uk
The Financial Technology Association (FTA) welcomed the House’s decision to pass the Congressional Review Act resolution overturning the Consumer Financial Protection Bureau’s (CFPB) rule for digital consumer payments. As the Senate has already passed the resolution, SJ Res. 28 now heads to the President’s desk… Read More
Read more in: Politics, Legal & Regulation, Fintech | Tagged financial technology association, fta, payments
Global fintech Airwallex announced that it now enables businesses to receive and hold funds in Israeli Shekels (ILS) through its Global Accounts and multi-currency wallet. The offering enables Israeli and global Airwallex customers to open accounts, facilitating transactions “in ILS via the Israeli payment network.”… Read More
Read more in: Fintech, Global | Tagged airwallex, digital transactions, israel, payments
Affirm (NASDAQ: AFRM), the payment network that empowers consumers and drives growth for merchants, announced that it has signed a partnership with Revolve Group, Inc. (NYSE: RVLV), the fashion retailer for Millennial and Generation Z consumers. Shoppers in the U.S. will soon be able to… Read More
Read more in: Global, Fintech | Tagged affirm, bnpl, payments, revolve
The Clearing House recently announced an update regarding their Real Time Payments (RTP) network transaction limit being raised from $1M to $10M. Bank of New York Mellon (BNY) has successfully leveraged this advancement and completed the largest instant payment in US history, a $10M inter-company… Read More
Read more in: Fintech, Featured Headlines, Global | Tagged Bank of New York Mellon, bny, deepak gupta, fednow, interview, payments, real-time payments, RTP, volante technologies
Klarna, the AI-powered payments and shopping network, announces its launch with Eurostar, enabling travelers in the UK and France to book their journeys with flexibility. Customers checking out on Eurostar.com can now choose Klarna’s Pay in 3, allowing them to “split the cost of their… Read More
Read more in: Fintech, Global | Tagged bnpl, europe, eurostar, klarna, payments, uk, united kingdom
Aria, a provider of deferred payment infrastructure for B2B marketplaces and platforms, selected Mangopay’s flexible wallet-based payment solution to optimize and automate its embedded finance product. The collab builds on the partnership between the two companies, with the integration of Mangopay’s technology “powering Aria’s international… Read More
Read more in: Fintech, Global | Tagged aria, europe, france, infrastructure, mangopay, payments
Ripple, a provider of digital asset infrastructure for financial institutions, today announced that Ripple USD (RLUSD) has been integrated into Ripple’s payments solution, Ripple Payments, driving enterprise “utility and demand for the asset.” RLUSD is described as an “enterprise-grade,” USD-denominated stablecoin created with utility, and… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged digital assets, payments, ripple, rlusd, stablecoins
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