Hong Kong FinTech Startup TNG Raises US$115M to Invest in Blockchain, AI Chatbots and More
- 7 years 6 months ago
- Payments
Hong Kong fintech startup TNG has raised US$115 million in Series A round led by New Margin Capital, a major Chinese private equity fund which has invested over US$1.7 billion in more than 160 companies, with 40 IPO exits. Participating investors include Taiwan-based venture studio Nogle Group, and Infinity-KBR Group. The whopping tranche of financing has put TNG at a valuation of US$565 million, according to an official press release.
IZettle Unveils Invoice Service in the UK
- 7 years 6 months ago
- Payments
iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. Starting today, small businesses across the U.K. can also issue invoices through the iZettle app to help manage their cash flow.
More than half of the UK public expect to abandon cash in next two years, according to new global research report
- 7 years 6 months ago
- Payments
More than half (55 per cent) of UK consumers expect to abandon using cash for shopping in the next two years, according to new research, conducted by Paysafe, a leading global payments provider. The report, called Lost in Transaction, uncovered the rapid move towards a cash-free economy with a third (34 per cent) of Britons only visiting an ATM once a month or less, and one in six saying they rarely carry cash at all, with that figure rising to... more
New Payment System Operator formed
- 7 years 6 months ago
- Payments
The Payment Systems Regulator (PSR) and Bank of England (BoE) have today announced that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver against the mandate that the regulators tasked it with. Following the appointment of Melanie Johnson as its first chair, work will continue at pace to deliver the New Payment System Operator (NPSO) by the end of 2017. With the NPSO now taking the lead, the PSR and... more
Hotelbird is Counting on Concardis for Mobile Payment
- 7 years 6 months ago
- Payments
Munich-based start-up Hotelbird is counting on Concardis when it comes to mobile payment. In future, the Eschborn-based full-service payment provider will ensure seamless payment processing in the hotel app from the software company. With the hotel app from Hotelbird, users are not only able to reserve hotel rooms and unlock their doors using their smartphone, but they can also digitally take care of the entire check-in and checkout processes,... more
New iPhone 8 Face ID is Adapted for Apple Pay
With the introduction of Face ID, and the removal of the Touch ID button, Apple today confirmed speculation about its next generation of on-device authentication when it come
Secure Payments “On The Go” With Blockchain Technology From ZF, UBS and IBM
- 7 years 6 months ago
- Payments
ZF, UBS and IBM will soon be jointly developing an open automotive transaction platform for mobility services based on blockchain technology. Car eWallet has the potential to radically change the way manufacturers, suppliers and service providers process digital transactions and considerably simplify the use of vehicle services. Equipped with the Car eWallet technology, the vehicle can automatically pay for transactions at the electric vehicle... more
Nets Delivers Instant P2P Payments in Partnership with Norway’s Leading Mobile Wallet Provider
- 7 years 6 months ago
- Payments
Nets has announced it has entered into a three-year partnership with Vipps, Norway’s leading mobile payment application provider, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
PayJoy closes $6M investment round led by Santander and ITOCHU
- 7 years 6 months ago
- Payments
PayJoy has closed $6M of new investment with strategic partners who will help PayJoy phone financing further expand internationally throughout Latin America, Asia, and Africa. The investment was led by Santander InnoVentures, the fintech venture capital fund of Santander Group, and ITOCHU Corporation, one of the largest Japanese general trading companies in Asia. Other strategic partners joined from Brazil, Nigeria, Mexico, China, Vietnam, and... more
The Contactless Revolution Ten Years On: Two-thirds of Brits Now Tap to Pay
- 7 years 6 months ago
- Payments
Ten years on from the introduction of contactless cards in the UK, Visa’s annual Digital Payments study released today reinforces the country’s leading position in driving contactless payments. The study of 2,000 consumers in the UK shows that two-thirds (66%) of Brits have used contactless cards to make a payment since they were introduced in September 2007.
Mastercard Launches Android Pay with Maestro in Belgium: a World First
- 7 years 6 months ago
- Payments
After the launch of Android Pay for credit transactions in Belgium in May 2017, Mastercard is bringing mobile payment to another level in the country.
14 billion Cards Worldwide with Debit Leading the Growth
- 7 years 6 months ago
- Payments
The number of payment cards globally reached 14 billion in 2016 and is predicted to rise to 17 billion by 2022, driven by further debit card issuance as the banked population increases Continued rapid expansion of developing markets leads to healthy growth worldwide
MoneyGram MobilePass Expands in the US
- 7 years 6 months ago
- Money Transfers
MoneyGram announces the significant expansion of its award-winning MoneyGram MobilePass service to thousands of U.S. agent locations. In addition to the company's other digital solutions, including kiosks, moneygram.com, and send to account, MoneyGram MobilePass provides customers with another choice to make sending money easier.
Transport for London Reveals Mobile Ticketing App for Oyster Card Users
- 7 years 6 months ago
- Payments
Cubic Transportation Systems (CTS), a business unit of Cubic Corporation, and Transport for London (TfL) today announced the launch of the TfL Mobile Ticketing App for Oyster card users in London, England. The mobile app – designed by TfL and developed by Cubic – will allow Oyster card customers to manage their travel fares and payments, top up their cards and view their journey history on the go via Android or Apple iOS devices.
BofA and FitPay Collaborate on Wearable Contactless Payments
- 7 years 6 months ago
- Payments
Bank of America and FitPay, Inc., a wholly-owned subsidiary of NXT-ID, Inc., today announced an agreement to extend contactless payment capabilities to a range of new devices, giving Bank of America customers more payment options and accelerating the adoption of new payment devices. This collaborative effort enables Bank of America customers to use their credit or debit cards to make secure contactless payments directly from devices that are... more
