Global fintech SumUp has today launched direct debits, providing merchants with an even more streamlined payment experience. 

Broadband disruptor Cuckoo has signed a new three-year deal with bank payment company GoCardless. The broadband provider will use the fintech’s Direct Debit capabilities to collect monthly bills from customers, continuing a relationship which first started in 2020. 

Unlimit, the global fintech company, announced a partnership with DEUNA, the ultimate unified platform for growing and simplifying commerce, aimed at enhancing cross-border payments for enterprises in LatAm and other regions.

Crown Agents Bank, the UK-regulated bank, specialising in FX and cross-border payments for emerging and frontier markets globally, announces a strategic partnership with AbbeyCross to provide FX Payments to emerging markets via the ABX Platform, a marketplace for emerging market FX and payments. Crown Agents Bank is one of the first banks to join the ABX Platform as a payment provider.

Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button.

Vitesse, a leading treasury and payment solutions provider for the insurance industry, today announced the completion of a $93M Series C funding round led by leading global investment firm, KKR, with participation from existing investors, including Hannover Digital Investments. Following the investment, which is subject to customary regulatory approvals, Patrick Devine, Managing Director in KKR’s Tech Growth team, will join the board of directors.

Deloitte and Basware have announced an alliance to enhance touchless invoice processing for global customers. The partnership will combine accounts payable (AP) expertise to accelerate automation and finance transformation.

The inaugural Barclays Scams Bulletin, launching today, shows that the total value and volume of scam claims made in March and April 2024 fell by -15.7 per cent and -7.1 per cent respectively, in comparison to January and February. Across scam type, invoice and mandate claims are on the rise, while police and bank impersonation scams have seen noticeable decreases in comparison to previous months.

Western Union today announced growth in its portfolio of digital capabilities providing Jamaicans with more ways to receive cross-border remittances from virtually anywhere in the world.