Nets Teams Up with Bankify in Open Banking Partnership
- 5 years 3 months ago
- Payments
Bankify, a Finnish fintech company, and Nets, a leader in the payments industry, have entered into a strategic partnership that enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform.
One In Five People Could Have Access To Central Bank Digital Currencies Within Three Years
- 5 years 3 months ago
- Cryptocurrencies
Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.
Visa Joins $80m Currencycloud Funding Round
- 5 years 3 months ago
- Payments
London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.
eNett International Signs Definitive Agreement to be Acquired by WEX
eNett International, a leading provider of integrated B2B payment solutions for the travel industry, has entered into a definitive agreement to be acquired by WEX Inc. (NYSE: WEX), a leading financial technology service provider. The transaction also includes the acquisition of Optal, a shareholder of eNett and the primary issuer of eNett payments.
Pine Labs announces investment from Mastercard
- 5 years 3 months ago
- Investment Management, Payments
Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment by Mastercard that underscores confidence in India’s growing economy. The investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the region. The collaboration will deliver an extensive range of card and real-time payments-based instalment financing at checkout – in-store and online.
SoFi Supercharges its Debit and Credit Cards with Mastercard
- 5 years 3 months ago
- Payments
SoFi, the digital personal finance company, and Mastercard today announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members.
MUFG Union Bank Launches Real-Time Payments for Clients on the RTP® Network
- 5 years 3 months ago
- Payments
MUFG Union Bank N.A.
Europeans spend €4 trillion per year on payment cards
- 5 years 3 months ago
- Payments
Expenditure on European payment cards has grown by a third since 2014 to reach €3.9 trillion, as cards are used increasingly for everyday purchases Rapidly rising usage spurs card spending RBR’s latest research, Payment Cards Issuing and Acquiring Europe 2020, shows that in 2018 cardholders in the UK, France and Germany spent the most, with the total increasing by 26%, 19% and 22% respectively since 2014. The fourth largest market, Russia, saw... more
Visa Takes 'Access To Cash' Programme Industry-Wide
- 5 years 4 months ago
- Payments
Visa is taking its 'access to cash' programme industry-wide, working with partner banks to offer high street retailers in remote and rural locations a fee for processing cashback transactions over the counter. The introduction of the UK-wide programme follows a year-long trial with Lloyds Bank, which offered rewards to retailers in return for providing cashback services. The initiative comes in the wake of a backlash over the creation of 'cash... more
Top five UK money transfer markets receive more than £10bn
- 5 years 4 months ago
- Money Transfers
New analysis reveals the top five money transfer markets for UK residents that account for nearly one third of the total sent home New analysis by Paysend, the UK based fintech, reveals that just five markets account for nearly one third of the total money transferred home from the UK. Paysend analysed the latest data from the World Bank. It shows that foreign workers, international students and expats in the UK send money to more than 130... more
WorldRemit announces global remittance partnership with Alipay
- 5 years 4 months ago
- Payments
WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world. “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief... more
RS2 Acquires KALICOM Liebers Zahlungssysteme KG
RS2 Group, a global payments processing and technology provider, announced the closing of its acquisition of KALICOM Liebers Zahlungssysteme KG, one of the most successful commercial network operators for electronic, card-based payment systems in Germany. The acquisition follows the groups announcement to enter the merchant direct acquiring business and represents along with the earlier announced foundation of RS2 Financial Services GmbH.
Wirecard and UZE Mobility partner to launch innovative services in e-mobility
Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership.
Bankingblocks Teams up with WL Payments
Bankingblocks, an Amsterdam-based wholesale banking provider for fintech and payment companies, teams up with WL Payments to provide a true omni-channel, universal payment gateway.
Ingenico Enterprise Retail accelerates smart city and transport revolution with OP2GO expansion
- 5 years 4 months ago
- Payments
Ingenico Enterprise Retail, part of Ingenico Group, the global leader in seamless payments, today announces it will launch OP2GO, its Open Payment solution, in North America in 2020. This puts Ingenico at the forefront of the smart city and transport revolution, having introduced the solution across Rio de Janeiro, Taiwan, Madrid and Rome in 2019.
