Tagged: payments

May 7, 2025 @ 7:54 am By Omar Faridi  |  

BigCommerce (Nasdaq: BIGC), a provider of “open, composable” commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, announced that Klarna, the AI-powered payments and commerce network, has become a global preferred payments partner. As a global partner, Klarna will bring its “interest-free” payment… Read More

May 6, 2025 @ 11:29 am By JD Alois  |  

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

May 5, 2025 @ 11:50 am By Michael Wong  |  

Trek Health, a US-based startup aiming to bring clarity to opaque healthcare payer data, has raised $11 million in a Series A funding round led by Madrona, the company said. Other investors in the round included Accrete Health Partners—the venture arm of Bon Secours Mercy… Read More

May 5, 2025 @ 9:25 am By Omar Faridi  |  

The European Union’s framework for systemically important payment systems (PSs) and central securities depositories/securities settlement systems (CSDs/SSSs) has been deemed complete and consistent with the Principles for Financial Market Infrastructures (PFMI), according to a recent report by the Committee on Payments and Market Infrastructures (CPMI)… Read More

May 4, 2025 @ 9:55 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, crossed 11 million active customers and has doubled its merchant base in a year “to 60,000, launching with names like Argos, eBay, Eurostar and John Lewis.” The UK is now Klarna’s third-biggest market globally, “with revenue up 30%… Read More

May 4, 2025 @ 7:53 pm By Omar Faridi  |  

Enterprise blockchain firm Ripple, the payments Fintech behind XRP and the newly launched RLUSD stablecoin, recently tabled a $4 billion to $5 billion offer to acquire Circle, the issuer of the world’s second-largest stablecoin, USDC, according to Bloomberg. The bid, however, was swiftly rebuffed by… Read More

May 3, 2025 @ 1:02 pm By Tony Zerucha  |  

Runa, a global fintech infrastructure for payouts, has released new payments research that provides businesses with data-driven insights into how to retain and engage gig workers, freelancers, direct sellers, and other independent workers. With workplace engagement continuing to plummet, more than one-third of the U.S. workforce… Read More

May 3, 2025 @ 12:01 pm By Tony Zerucha  |  

Qenta, a global payments company, this week announced the acquisition of Pipit Global, a B2B cross-border payments platform operating in more than 45 countries. Pipit adds an international compliant network of more than one million pay-in points and integrations with mobile money systems across Africa,… Read More

May 1, 2025 @ 10:52 am By Omar Faridi  |  

Phixius by Nacha—a peer-to-peer payment information network—announced that ValidiFI is live on the Phixius network as an additional provider of bank account validation. Phixius now offers multiple providers of account validation, “expanding the coverage of account validation data for Phixius users.” Rob Unger, Managing Director… Read More

April 28, 2025 @ 6:04 pm By Omar Faridi  |  

Thunes, the so-called “Smart Superhighway” to move money around the world, is proud to announce the raise of its $150 million Series D at a valuation increase over its last round. Thunes welcomes Apis Partners and Vitruvian Partners, two private equity firms, both globally recognized… Read More

April 28, 2025 @ 12:24 pm By JD Alois  |  

Zelle is a peer-to-peer transfers and payments network that was founded by big banks who recognized they were falling behind in a world of Venmo. Today, Zelle is well-established at these founding banks, as well as other financial services. Today, Zelle is distributing a report on… Read More

April 28, 2025 @ 12:01 pm By JD Alois  |  

Adyen (ADYEN:AMS), a multi-faceted payments provider, was hit by a Distributed Denial of Service (DDoS) attack last week. In a blog post, Adyen said the attacker was targeting their European data centers, with certain services experiencing degraded service or outages. The attack was marked as “resolved”… Read More

April 28, 2025 @ 6:01 am By Michael Wong  |  

Visa and Maroc Telecom Group have entered into a strategic partnership to enhance mobile payment services in Morocco and explore wider digital financial inclusion efforts across Africa, the companies announced. The collaboration will initially focus on integrating Visa’s payment solutions into MT Cash, Maroc Telecom’s… Read More

April 28, 2025 @ 5:19 am By Tony Zerucha  |  

CapyFast, an embedded payments provider for digital commerce, and Bidwise, a performance marketing platform, have announced a new strategic partnership. This collaboration aims to improve the payments flow across the performance marketing spectrum by making it faster, cheaper, and more intelligent. The agreement, signed today… Read More

April 27, 2025 @ 11:12 pm By Omar Faridi  |  

Financial infrastructure Fintech Stripe, the $70 billion online payment processing firm, has announced a new stablecoin product powered by Bridge, a startup it acquired for $1.1 billion in October 2024. The initiative, shared by Stripe CEO Patrick Collison on X, marks the company’s expansion into… Read More

April 27, 2025 @ 9:09 pm By Tony Zerucha  |  

The Interledger Foundation, an organization building and advocating for an open, interoperable payments network, has announced its participation in three technological initiatives and five research projects. Among these initiatives is work with private fintech companies to streamline remittances for a major bank in Pakistan, power… Read More

April 27, 2025 @ 5:46 pm By Omar Faridi  |  

Flex, the fintech company enhancing back office finance for ambitious business owners, and Maza, one of the largest entity formation and payments apps for Spanish-speaking solopreneurs and consumers, announce their M&A. As part of the deal, Maza will rebrand as Flex Consumer, “a new arm… Read More

April 26, 2025 @ 3:04 pm By Omar Faridi  |  

Square announced the new Square Point of Sale app – its software that brings Square’s vertical-specific commerce and payments functionality into a single, unified app that sellers can “personalize to meet the needs of their business, while supporting their growth and evolution.” Sixteen years ago,… Read More

April 26, 2025 @ 1:00 pm By Michael Wong  |  

NYSE-listed Fiserv Inc. has agreed to acquire Brazilian Fintech Money Money Serviços Financeiros SA in an all-cash deal that will deepen its lending capabilities for small and medium-sized merchants, the US payments major said. Under the definitive agreement, Fiserv will fold Money Money’s receivables-based financing… Read More

April 26, 2025 @ 3:17 am By Omar Faridi  |  

The payments industry is undergoing a transformative shift, driven by rapid technological advancements and evolving consumer expectations. Juniper Research’s Consumer Payments Tech Horizon 2025 report offers a framework to help stakeholders understand the trajectory of payment technologies. This resource evaluates the maturity and market performance… Read More