COVID-19 has had an unparalleled impact on all aspects of life globally, including business and across all industries. Payments is no different.

Financial services SMEs have emerged as the most resilient and confident sector group in the wake of lockdown, according to Sage’s SME Sentiment Index. 

Businesses in this sector are the most likely to have been profitable by the end of Q2 2020, with 63% expecting to turn a profit by mid-year. They are also the most resilient to future disruption; 55% say a second wave of Covid-19 and tightening of lockdown restrictions would not have a severe negative impact. 

On Monday 24 August 2020 digital bank Zopa is launching it’s Fixed Term Savings account, offering UK savers the ability to earn rates of up to 1.3% over one to five years.   

Ondot Systems, a digital card services platform for credit and debit issuers, announced the addition of key staff to its European team as part of the company’s international expansion plans. 

The European sales team is led by Sunil Gossain, a business development executive with two decades of knowledge and experience from leadership roles within solution providers, financial services and consulting agencies.

Paymentology, providers of the innovative cloud-based processing platform, has announced the launch of its new global credit card processing solution, under the branding of Credit Works.

Credit.Works fills a growing gap in the industry’s credit card processing space which has lagged behind with a lack of innovation. Paymentology’s market-leading approach enables Credit.Works to supersede the capabilities of existing platform solutions.

Paysend, the global Fintech corporation based in UK, announces a technology collaboration with Alipay to provide Paysend's users with cross-border money transfer that brings more convenient and inclusive services to consumers globally.

Global payments platform Adyen recently released its H1 2020 earnings statement.

Key highlights include:

Fast growth fintech, TradeCore, announces two new partners to its TradeCore platform. ComplyAdvantage, a global technology company transforming financial crime detection, and TrueLayer, a leading technology company building financial infrastructure that’s open to any business, anywhere in the world, to continue its mission to bring greater innovation to UK financial services, join key ecosystem partners to help reduce the time it takes to launch new and exciting fintech propositions.

Today, Clear Books and Metro Bank are launching a new partnership, offering easy accounting software with free bank feeds and exclusive discounts to Metro Bank small business customers. The integration provides Metro Bank’s customers with access to Clear Books’ easy to understand financial management tools via online and mobile banking.

Metro Bank customers can use the Metro Bank app to register for a free Clear Books accounting trial.

Temenos (SIX: TEMN), the banking software company, announced that leading industry analyst firm Gartner, Inc., has again named Temenos as a Leader for its ability to execute and its completeness of vision in Gartner’s August 2020 Magic Quadrant for Global Retail Core Banking report.