Tagged: payments

Blockchain: Paystand Books $20 Million in Series B Funding

Blockchain-based payments platform Paystand has raised $20 million in Series B funding according to a note from the firm. Investors include multiple big names like DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures. Prior investors Leap Global Partners, BlueRun Ventures, all participated… Read More

Cloud-Based Payment Tech Platform Aliaswire Appoints Former PayPal Executive Jed Rice As New CEO

Fintech

Aliaswire, a cloud-based payments tech platform, announced on Tuesday it has appointed former PayPal executive Jed Rice as its new CEO and been appointed to its Board of Directors. According to Aliaswire, Rice has more than two decades of senior leadership at enterprise technology companies… Read More

Banking as a Service Provider Bankable Forms Partnership with Visa

Targeting global growth, Bankable, a “Banking as a Service” provider, has formed a partnership with Visa, according to a company release. Bankable said it seeks to provide Visa’s U.S. clients, including corporate customers, access to its real-time and modular banking solutions. Bankable says this will… Read More

Paytech: Payment Technology Platform Bandpay for Music Industry Set to Launch in March 2020

Bandpay, a newly developed payment technology (paytech) platform which aims to guarantee that music artists get paid for their work, is expected to go live in March of this year on the App Store and Google Play for US-based musicians. Company founder DeCarlos Garrison stated:… Read More

Western Union & La Banque Postale Expand Digital Payments

Western Union (NYSE: WU) announced on Tuesday that it and La Banque Postale, the banking subsidiary of France’s postal services’ operator, La Poste Group, is now planning to expand its digital payments. Western Union reported that the integration of its global cross-border, cross-currency digital money… Read More

Germany-based Fintech firm Heidelpay Is Seeking Acquisitions, Might Launch IPO

Germany-based Fintech firm Heidelpay is reportedly seeking acquisitions and might launch an in initial public offering (IPO), according to its CEO, Mirko Huellemann. He recently stated: “An IPO is of course always an option for fresh capital.” Huellemann’s comments regarding the firm’s business plans are… Read More

MoneyGram Partners with Suez Canal Bank to Help Egyptian Expats Conduct Remittance Payments

MoneyGram International, Inc. (NASDAQ: MGI), a leading international peer-to-peer (P2P) payments and money transfer service provider, revealed on January 23 that it has teamed up with the Suez Canal Bank, an established financial institution that will allow MoneyGram clients to send funds directly to the… Read More

MUFG Union Bank Debuts Real-Time Payments for Clients on the RTP Network

MUFG Union Bank N.A. announced on Thursday receipt of real-time payments is available for its corporate, commercial, and retail clients via the RTP network. The RTP network, which is operated by The Clearing House, notably provides instantaneous receipt of payments that increases payment certainty and… Read More

Western Union Partners with India’s Airtel Payments Bank to Process Remittance Services

Leading multinational payments firm Western Union (NYSE: WU) has teamed up with established India-based Airtel Payments Bank, in order to process remittance services. The partnership will allow Airtel Payments Bank clients to direct Western Union transactions into their individual bank accounts via the banking section… Read More

Former Railsbank Executive Joins Cledera as Co-Founder and Chief Revenue Officer

Cledara Limited, a purchase and analytics platform for the subscription economy, has hired as Chief Revenue Officer and as a co-founder. van Leeuwen was most recently at Railsbank, a European Fintech where he led marketing and business development. van Leeuwen was also a Non-Executive Board… Read More

Sweden-based Payment Institution P.F.C. Introduces Buy-Now, Pay-Later Option for Customers

P.F.C., a Sweden-based payment institution, is reportedly launching a retroactive “buy-now, pay-later” option for customers, in order to easily convert their purchases to a part-payment or installment plan after the transaction. P.F.C. is a personal finance application and a free-of-cost Mastercard introduced in 2018 and… Read More

Payments Platform Paysafe Introduces Secure and Easy Payment Method for Online Purchases Made in Cyprus

Paysafe, an established specialized payments platform, has introduced a new secure and easy payment method for internet-based purchases made in Cyprus. Customers can use the service to pay for items at almost all online retail outlets. Paysafecash was created by the same Paysafe development team… Read More

LHV, a Fintech Banking Platform and Payments Services Provider, Is Offering Real-Time Pound Payments via UK’s Faster Payments Scheme

LHV, a Fintech-focused banking platform and payment services company, is now offering real-time British pound (GBP) payments through the United Kingdom’s Faster Payments initiative. LHV is reportedly the first banking service provider that’s providing real-time euro payments through the Single Euro Payment Area Instant (“SEPA… Read More

PaySafe Announces Expansion of Omni-Channel Offering With Cloud EMV Capabilities Launch

Paysafe Group, a global payments provider, announced on Monday has expanded its omni-channel payments offering through the launch of the Cloud SDK from Handpoint. According to Paysafe, the Cloud SDK allows independent software vendors (ISVs) with cloud-based platforms to provide businesses with enhanced in-person payments…. Read More

Bangkok-based Lightnet, a Stellar Blockchain-enabled Platform, Secures $31.2 Million via Series A Round

Thailand-based Lightnet, a Stellar blockchain-enabled platform, has reportedly secured $31.2 million in funding in order to further develop its international payments service in the Southeast Asia region. The Bangkok-based company has finalized a Series A investment round that was led by established Asian financial conglomerates,… Read More

McDonalds Hiring Director of Global Cashless & Digital Payments/Fraud at Chicago Headquarters

Fast-food giant McDonalds (NYSE: MCD) is hiring a Director of Global Cashless & Digital Payments/Fraud to work in its Global Cashless and Fraud team at company headquarters in Chicago. The team’s primary goals, according to the job posting, are to: 1) “Act as a center of… Read More

Fintech Forward Thai Bank, Siam Commercial Bank, Partners with Ripple

Fintech forward bank Siam Commercial Bank (SBC) has partnered with blockchain firm Ripple, according to a blog post. SBC is Thailand’s oldest bank and has established itself as willing to push forward with Fintech partnerships. According to Ripple, SCB and Ripple will work together to… Read More

India’s Leading Fintech Firm Paytm to Target 25 Million Retailers via Consolidated QR Payments Solution

The Indian government recently confirmed that online transactions performed using RuPay credit cards or UPI QR codes won’t face the Merchant Discount Rate (MDR). Now, the nation’s leading Fintech firm Paytm has introduced a consolidated QR payment for local retailers. The “All-in-One” QR will allow… Read More

Fintech TransferWise Introduces New Service Allowing Singapore Clients to Receive Money via PayNow

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

Fintech Innovation May Address Late Payments and Unpaid Invoices Problem in UK’s B2B Industry: Report

New research performed in the UK has revealed that fewer business-to-business (B2B) invoices were paid late in 2019 when compared to 2018. Construction company Kier Construction is among several firms that have benefited from the UK’s efforts to settle payments in a timely manner. The… Read More

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