Tagged: payments

BUSD: Binance Partners with BitPay on Stablecoin Payments

Crypto exchange Binance has partnered with BitPay, a provider of blockchain payment services, to “drive adoption of Binance’s stablecoin, BUSD. According to a note from Binance, BitPay will enable merchants to accept BUSD around the world. Support for BUSD in the BitPay wallet goes live… Read More

Adyen NV, a Leading Payments Firm Working with Uber, Ebay, Says its Revenue Grew Over 30% in Q1 2020 Despite COVID-19

Adyen NV, a leading Fintech company that handles payments for large firms such as Uber Technologies and E-Bay, recently revealed that its business and revenue increased by more than a third (or 33%) during the first quarter of 2020. Adyen pointed out that it posted… Read More

AvidXChange Closes on Additional $128 Million in Equity Funding

AvidXchange has closed on an additional $128 million in equity capital according to a company release. The money is an extension of a funding round from earlier this year that reported a $260 million investment thus bringing the total to $388 million. Investors included; Lone… Read More

African Payment Startup PalmPay Waives Fees; Announces ₦100 Million COVID-19 Payout Fund

PalmPay, an Africa-based payment startup, announced this week it is waiving fees on all money transfers and has launched a new ₦100 million COVID-19 support fund. According to PalmPay, the waiving of fees offer is now available for any amount to any Nigerian bank until… Read More

UK Fintech GoCardless Launches First Payment Intelligence Product “Success+” to Help Businesses With Failed Payments Issues

UK-based payments platform GoCardless announced on Wednesday it has launched its first payment intelligence product, Success+ to help businesses tackle the problems caused by failed payments. According to GoCardless, Success+ uses machine learning to analyze trends from GoCardless’ recurring payments data and identify the ideal time… Read More

Mobile Tech Platform Thyngs Joins Forces With Fidel to Increase Gift Aid Donations

Thyngs, a UK-based mobile technology platform, announced on Friday it has joined announced on Friday it was teamed up with card-linking API provider Fidel to allow charities to earn more funding through Gift Aid donations. According to Thyngs, the new partnership is aiming to make… Read More

Former CEO of UK Payment Systems Regulator Hired by Fintech Curve

Hannah Nixon, the former CEO of the UK Payment Systems Regulator, has been hired by Curve as an Advisor to the Executive, according to a note from the Fintech. Nixon is expected to help guide Curve’s regulatory strategy as the company grows. Curve is a… Read More

Stripe Announces Extension of Series G Funding Round; Now Raising An Additional $600 Million

Payments platform Stripe announced on Thursday the extension of its Series G funding round. The company reported it is raising an additional $600 million from investors, which includes Andreessen Horowitz, General Catalyst, GV, and Sequoia. Founded in 2010, Stripe describes itself as a technology company… Read More

WorldRemit Donates £400,000 of Vouchers for NHS workers for Money Transfers

Transfer Platform Sees Uptick in Users During Month of March WorldRemit, a global payments and money transfer platform, is donating £400,000 worth of vouchers for money transfers to NHS workers. According to WorldRemit, the move is to thank the health service workers during the COVID-19… Read More

European Payments & Transactional Services Firm Worldline Announces Collaboration With Meniga

Worldline, (Euronext: WLN) a European payments and transactional services firm, announced on Wednesday it has formed a partnership with Meniga, a UK-based fintech and digital banking technology provider, to increase digital customer engagement through the creation of personalized banking features. According to Wordline, the partnership will… Read More

Monetary Authority of Singapore Provides Clarifications on Payment Services Act in New FAQ

The Monetary Authority of Singapore (MAS) has published an FAQ in regards to the new Payment Services Act. The Payment Services Act has gone through a consultation process with MAS responding in December 2019. The FAQ is meant to provide guidance on the licensing and… Read More

Scam Warning: Zelle VP for Fraud Risk Prevention Shares Insight into Digital Traps Attempting to Harm Consumers

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More

Banking & Payments API Platform Sila Secures $7.7 Million Through Seed Funding Round Co-Led By Madrona Venture Group & Oregon Venture Fund

Sila, a U.S.-based banking and payments API platform, announced on Wednesday it secured $7.7 million through its seed funding round, which was co-led by venture capital firms Madrona Venture Group and Oregon Venture Fund, with participation from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, as… Read More

Mobile Payments Provider Wirex Reports Profitability, Tops 3 Million Users

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent… Read More

California-based Payments Firm Stripe Partners with Keap, a CRM Platform, to Offer an Enhanced Customer Experience

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More

Open Banking: Salt Edge and Pannovate Collaborate on Instant PSD2 Compliance

Salt Edge, an open banking and authentication platform, and Pannovate, a payment and digital banking provider, have partnered to provide PSD2 compliant banking and payments programs in the UK and continental Europe. Pannovate is a payment technology company targeting Fintech, crypto, and Regtech. The company… Read More

UK Electric Money & Payments Startup Dzing Launches Banking App

Dzing, a UK-based electric money and payment institution, announced on Tuesday the launch of its mobile payments app. According to the fintech startup, the app allows international students, remote freelancers, oversea workers, and travelers to conduct financial services. Founded in 2018, Dzing describes itself as… Read More

U.S. Intelligent Payments Solution For Small Business Plastiq Secures $75 Million Through Series D Funding Round Led By B Capital Group

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Thursday it secured $75 million during its Series D funding round, which was led by B Capital Group. The round, which saw participation from Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier Capital Partners,… Read More

Contactless Payments: National Payment Corporation of India Requests Locals to Perform Digital Transactions to Reduce Physical Contact During Coronavirus Outbreak

The National Payment Corporation of India (NPCI), a local, non-profit umbrella organization for operating retail payments and settlement systems in the country, has requested the nation’s residents to make digital payments in order to reduce physical contact during the deadly coronavirus (COVID-19) outbreak. The NPCI,… Read More

U.S. Fintech HUMBL Partners With Digital India Payments To Enter India’s Market

HUMBL, a US fintech that delivers mobile payments and financial services, announced on Friday it has formed a new partnership with India’s payment service Digital India Payments Limited to help with its expansion into the country’s market. HUMBL describes itself as a mobile, financial services… Read More

Send this to a friend