Tagged: virtual cards

August 28, 2022 @ 9:26 am By Omar Faridi  |  

NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android “to bring the modern digital banking experience to the world of crypto.” NearPay Wallet is now “available on all platforms, including Web, iOS and Android. With NearPay… Read More

August 22, 2022 @ 3:03 pm By Omar Faridi  |  

Banks using TSYS’ VPP now have “a powerful new spend management tool” thanks to Extend Enterprises, Inc. As noted in the update, charge volume on virtual cards is “expected to grow from $1.9 trillion to $6.8 trillion by 2026.” But perhaps more surprising is that… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

July 19, 2022 @ 2:24 pm By Omar Faridi  |  

X1 Card, the “smartest” credit card “ever made,” recently announced $25 million in Series B funding and will be “opening applications to the general public in the U.S. in the coming weeks.” The investment round has been “led by FPV Ventures, the new venture firm… Read More

May 27, 2022 @ 1:17 pm By Omar Faridi  |  

NAB has introduced a Buy Now, Pay Later (BNPL) solution that it says will not hit consumers with late charges, account fees or interest payments. The banking institution will reportedly allow clients to spend as much as $1,000 through a virtual credit card that’s embedded… Read More

April 30, 2022 @ 1:00 pm By Omar Faridi  |  

American Express Company (NYSE: AXP) has announced a collaboration with Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments firm, in order to “enable suppliers to streamline acceptance of American Express virtual cards.” With this integration, suppliers will have the ability “to automate… Read More

March 14, 2022 @ 11:17 pm By Omar Faridi  |  

Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

February 27, 2022 @ 11:37 pm By Omar Faridi  |  

Since the start of the Coronavirus crisis, both digital-service use and the digital market have grown significantly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now around 350 million digital consumers in the region… Read More

January 26, 2022 @ 4:18 pm By Omar Faridi  |  

Silicon Valley Fintech Unicorn Brex and 1Password have teamed up to make online payments secure and a lot less frictionless. As mentioned in the announcement, 1Password clients may now use Brex virtual credit cards to “check out online with just two clicks.” Brex is a… Read More

January 13, 2022 @ 9:56 am By Omar Faridi  |  

Coupa Software (NASDAQ: COUP), a company specializing in business spend management, has announced a collaboration with HSBC under its Coupa Pay offering. Commencing with virtual cards, the collaboration will offer European firms with access to a quick, seamless, and secure way to manage payments as… Read More

November 7, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based Currenxie, a cross-border payments platform, reveals that it has introduced a Visa card to offer businesses with a more convenient and secure way to  handle international  transactions. As mentioned in the announcement, the Currenxie Visa Business Card is presently available to the firm’s… Read More

October 26, 2021 @ 2:02 pm By Tony Zerucha  |  

Amount, a technology provider for financial institutions, and global modern card issuing platform Marqeta  (NASD:MQ) announced today a virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later (BNPL) space. The partnership alleviates the digital tools gap that prevents… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

June 18, 2021 @ 8:32 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

May 12, 2021 @ 10:17 pm By Omar Faridi  |  

livi bank, which is notably one of Hong Kong’s eight digital banks, is now offering a Buy Now, Pay Later (BNPL) service with the introduction of livi PayLater that provides an instant installment option along with a virtual Mastercard debit card. The livi PayLater BNPL… Read More

April 14, 2021 @ 7:06 am By Omar Faridi  |  

Cardlay has secured €8 million in capital from a venture fund that’s managed by former Mastercard executive Javier Perez, according to a release. As mentioned on its official website: “Cardlay is a world leading Fintech partner of commercial card services and payment infrastructure. We supply… Read More

April 4, 2021 @ 10:54 pm By Omar Faridi  |  

Digital banking challenger Revolut notes that whether you are just opening your doors to clients, growing a company or investing in a new initiative, let’s “launch into action” during this spring season. Revolut writes in a blog post that Revolut‘s virtual and physical debit cards… Read More

March 23, 2021 @ 2:13 pm By Samantha Hurst  |  

  Hong Kong-based Crypto.com announced on Tuesday its virtual cards are now available in Europe. Crypto.com reported its app users may now apply for a Crypto.com Visa Card and once approved, make online purchases before their physical cards arrive. The card is issued by PayrNet Ltd… Read More

February 28, 2021 @ 9:51 pm By Omar Faridi  |  

Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, notes that as businesses have started moving away from legacy spending methods such as ACH or paper checks, the virtual credit card has become… Read More

January 30, 2021 @ 3:02 pm By Omar Faridi  |  

Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, making it one of only 14 Fintechs this month to raise a mega-round ($100M+ or more) in January 2021, notes that during the last… Read More