Tagged: payments

Inter-American Development Bank Teams Up With CITI Innovation Labs For Cross-Border Payments Over Blockchain

  Inter-American Development Bank (IDB) announced on Thursday it has teamed up with CITI Innovation Labs to create cross-border payments from the U.S. to countries in Latin America and the Caribbean using blockchain and tokenized money. According to IDB, The LACChain Blockchain Network-enabled several disbursements… Read More

UK Buy Now Pay Later Fintech Zilch Introduces “Tap and Pay-Over-Time” Solution for In-Store Payments via Digital Wallets

UK’s Buy Now, Pay Later (BNPL) Fintech firm Zilch is introducing a “tap and pay-over-time” solution that allows consumers to carry out in-store payments with a wave of their online or digital wallet, with the cost of their purchase spread over a manageable 6-week time… Read More

Clubhouse Adds New Digital Payments Option so Creators on Platform Can Generate More Revenue

Clubhouse will reportedly be adding a payments option that’s meant to generate more revenue for creators. The company also revealed that it could launch other initiatives in the foreseeable future. The move to add the new payments feature has come at a time when several… Read More

Open Banking Firm Nuapay Acquired by EML Payments for €100 Million

EML Payments Limited (ASX: EML) has acquired Sentential and its wholly-owned subsidiaries including open banking firm Nuapay. The binding agreement totals €110 million including an upfront enterprise value of €70 million plus an earn-out of up to €40 million. Sentenial is a cloud-native payments company… Read More

Payments Platform SpotOn Appoints Two New Members of Executive Team

SpotOn, a U.S.-based payments and software company, announced on Monday it has appointed Austin Trombley as Executive Vice President of Alternative Payments and Tommy Chang as Senior Product Director of Payments. According to SpotOn, Trombly is focused on giving SpotOn customers access to the most… Read More

Sightline Payments Receves $100 Million Investment Led by Cannae Holdings

Sightline Payments, an omni-channel payment solution for the gaming, lottery, sports betting, entertainment, and hospitality industries, has raised $100 million in funding led by Cannae Holdings (NYSE: CNNE) and William P. Foley II.  Other investors include Walter Kortschak, Genting Group, Point Break Capital, Searchlight Capital Partners,… Read More

Lithuania Reserve Bank Governor Says Fintech Should Provide Competition for Nation’s Financial Services Sector

Lithuania, which has one of the fastest-evolving Fintech sectors in the EU, is experiencing a transformative shift from traditional banking service providers, a trend that’s being supported by the growing number of digital transactions and the launch of new virtual payments startups. The Baltic nation,… Read More

Pine Labs Reports that CIMB Bank, HSBC Bank, Others are Using its Buy Now Pay Later Solution, Now Also Available in Malaysia

Pine Labs, an Asian merchant commerce solution provider that’s backed by payments giant Mastercard, has introduced a Buy Now, Pay Later (BNPL) solution in Malaysia. Pine Labs aims to offer a technology-focused offline payments platform where several different credit card issuers can use a common… Read More

Cross-Border Payment Platform dLocal Secures $150 Million Through Latest Investment Round Led By Alkeon Capital

  dLocal, a cross-border payment platform, announced on Friday it secured $150 million through its latest investment at a valuation of $5 billion. According to dLocal, Alkeon Capital led the round with participation from BOND, D1 Capital Partners, and Tiger Global. dLocal claims to be… Read More

Digital Banking: State Bank of Pakistan Releases New Guidelines for Virtual Banks, but Cash Is Still King in the Country

The State Bank of Pakistan (SBP), the nation’s central bank, announced on Friday (March 26, 2021) that it has started working on a separate set of guidelines for virtual banks which will focus on “regional regulatory trends,” according to a report from local sources. As… Read More

Fiserv Enters Agreement with Fintech Pineapple Payments to Extend Delivery of Innovative Solutions to Merchants

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, announced on Thursday (March 25, 2021) that it had entered an agreement with Pittsburgh’s Fintech Pineapple Payments. The terms of the deal have not been shared publicly. Established in 2016, Pineapple… Read More

Engage People CTO Len Covello Provides Key Insights on how Loyalty Points are “Often-Overlooked” Alternative Payment Option

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We recently caught up with Len Covello, CTO at Engage People, a global loyalty tech company. Covello explained how loyalty points are an often-overlooked alternative payment option. Covello talked about how the demand for having the flexibility to pay with points as easy as credit… Read More

The Netherlands: Payments Fintech Recharge.com Raises €10 Million in Debt Funding

Recharge.com, a Netherlands-based payments Fintech, has raised €10 million in debt funding, according to a statement by the company. The company said it secured the funding “largely from London-based Kreos Capital.” Simultaneously, Recharge.com selected Michael Kent as its non-executive chairman. Kent founded global cross-border payments… Read More

Digital Payments in Middle East Markets like Oman Continue to Rise as Consumers Engage with E-Commerce Platforms

Dr. Saeeda Jaffar, Board Member, Managing Director and Head of Middle East at Alvarez & Marsal, notes that research performed by Checkout.com at the end of last year suggested that digital commerce and the digital payment sectors in the Middle East region were “set for… Read More

Airwallex Raises $100 Million in Series D Extension at $2.6 Billion Valuation

Payments platform Airwallex has raised an additional $100 million in an extension of its Series D funding round that brings the total to $300 million. Airwallex was valued at $2.6 billion in the round. To date, Airwallex reports having raised almost $500 million in equity… Read More

M&A Attorney Lawrence C. Lee at Baker McKenzie: “We will likely experience continuing consolidation in the Fintech sector”

Lawrence C. Lee is a top merger and acquisitions attorney operating in the Fintech sector. A partner at Baker McKenzie and based in Palo Alto, Lee was previously in-house counsel for Coinbase where he led strategic transactions and investments. More recently, Lee and his team… Read More

Smart Payments Provider Credorax Explains how Local Payment Methods can Seamlessly Settle Transactions

Credorax, a “smart” payments provider and “fully-licensed” bank offering cross-border processing for digital commerce and omni-channel payments, notes in a blog post that local payment methods (LPMs), also called alternative payment methods (APMs), are now “disrupting cards’ long-held dominance over the payment landscape.” Maya Shilo-Feldman… Read More

India’s Paytm Payments Bank Approved for @Paytm UPI Handle by SEBI to Enable Seamless Payment Mandates for IPO Applications

Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

Digital Banking Challenger Monzo Celebrates 1 Year of Monzo Business, Plans to Support International Payments

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

Payoneer Research Reveals that Gig-Economy has “Bounced Back” Mainly due to Companies Hiring Freelance Workers

Payoneer Inc., the global payment and commerce-enabling platform, has published a blog post in which it argues that freelancing or the gig economy is “here to stay.” Kareen Friedman (from Payoneer), who focuses on the freelance and service providers sector, writes that it should be… Read More

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