Payments

Emerging Economies Outpace Developed Nations in Real-Time Payments Modernization – Boosting Global Economic Growth – ACI Worldwide Report

3 years 3 months ago
Payments

118.3 billion real-time payment transactions were made globally in 2021 – a YoY growth of 64.5 percent – set to rise to 427.7 billion in 2026, according to GlobalData · Real-time payments are forecast to help generate additional GDP of US$173 billion by 2026, up from US$78.4 billion in 2021 – according to a Cebr economic impact study of 30 of the world's largest economies, including both industrialized and developing nations

Volume Raises $2.4m to Drive Online Payment Fees to Zero

3 years 3 months ago
Payments, FinTech StartUps, IT Innovations

Volume wants to bring an end to the “hidden internet tax”, which is the 2%-8% that debit and credit card, ewallet and BNPL facilitators take for every online transaction Volume is the first to leverage the Variable Recurring Payment mandate to significantly speed up open banking-enabled direct account-to-account (A2A) online payments and do away with those 2%-8% costs

Truelayer Creates Innovative Payment Options With Industry’s First VRP API for Sweeping and Non-sweeping

3 years 3 months ago
Payments, IT Innovations

TrueLayer’s Recurring Payments API is now available for customers to use for both sweeping and non-sweeping use cases. Non-sweeping is a fast, secure and low cost payment alternative to Direct Debit and debit cards and goes beyond what is mandated by regulation. Multiple businesses due to go live with sweeping and non-sweeping payments imminently.

Evolve Bank & Trust Joins Newly Launched Banking-as-a-service Association

3 years 3 months ago
Payments, Banking

Evolve Bank & Trust ("Evolve"), a leading financial technology solutions provider, announced today it has joined the newly launched "Banking-as-a-Service (BaaS) Association." The group was formed by "Bankers Helping Bankers," a bankers-only social+platform for collaboration and education.

Top Crypto Platform Bybit Launches Options Trading

3 years 3 months ago
Cryptocurrencies

Bybit, one of the world's fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts.

FTX.COM Selects Eventus for Global Trade Surveillance and Risk Monitoring on all of its Markets

3 years 3 months ago
Cryptocurrencies

Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM (“FTX”), a leading global cryptocurrency exchange, announced today that FTX has contracted with Eventus to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets throughout the globe.

Nium Signs Definitive Agreement to Acquire Socash

3 years 3 months ago
Payments

Nium, the global platform for modern money movement, today announced a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. Socash brings together financial institutions and digital commerce merchants into a thriving network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops, cafes, and grocery stores.

NIFT and M10 Networks Partner to Power Digital B2B Payments in Pakistan

3 years 3 months ago
Payments

The National Institutional Facilitation Technologies (NIFT) of Pakistan and M10 Networks today announce a partnership aimed at facilitating digital B2B payments within Pakistan and enabling low-cost, secure, and instant cross-border transfers.

Equicom Savings Bank Goes Live with FSS Secure 3D

3 years 3 months ago
Payments

FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor announced that Equicom Savings Bank (EqB) - one of the leading banks in the Philippines has successfully deployed FSS Secure3D, an intelligent payment authentication solution which can identify higher risk transactions, to provide cardholders an added security layer for online payments and red

Going Cardless Reduces Payment CO2 Emissions by Over 75%

3 years 3 months ago
Payments

As the world enters a pivotal period in the fight against climate change and the biodiversity crisis, UK consumers are gearing up to play their part. New research reveals that two-thirds (65%) of Brits are now more conscious about how their consumption patterns affect the environment, compared to two years ago. During that time, 67% of people pared back their use of plastic bags, 45% reduced their energy consumption, and 34% ate less meat.

OctaFX - First Steps into the ‘Cryptoverse’: What You Need to Know

3 years 3 months ago
Cryptocurrencies

The world's first cryptocurrency––bitcoin––has been around for more than a decade. In 2015, Ethereum entered the blockchain innovation scene as the first smart contract platform. Over the years, both cryptocurrencies have gained widespread recognition and support. The main reasons were its novel premise for true decentralisation and corruption-proof technology—contributing to the rise of individual financial sovereignty unattainable before.... more

Babel Finance: Accelerating Mainstream Adoption of Cryptocurrencies will Drive Bitcoin Price All-time-high in 2022

3 years 3 months ago
Cryptocurrencies

Yulong Liu, Head of Global Partnership at Babel Finance, has provided his most recent forecast for Bitcoin's market price. Yulong Liu made the comments at the Bitcoin Conference 2022. He believes that increased global instability is boosting mainstream investors' interest in cryptocurrencies, which is predicted to propel Bitcoin's price to a new all-time high in 2022.

Pemo Launches All-in-one Spend Management Platform

3 years 3 months ago
Payments

Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP), announced today that it has launched its all-in-one spend management platform. Pemo offers fast, transparent, and simplified invoice payment and expense management solutions, as well as smart corporate cards, for small and medium-sized enterprises (SMEs) in the region.