Late Payments: Buyers Leave SME Suppliers Last
- 5 years 5 months ago
- Payments
Businesses pay their smallest suppliers 30 days later than their bigger suppliers. Data released today by Previse, the fintech that uses AI to get suppliers paid instantly, shows the extent to which the problem of slow payments is concentrated among small suppliers, a fact which public payments reporting fails to highlight.
British Businesses Focusing More on China
- 5 years 5 months ago
- Payments
New research from JGOO, the next generation mobile payments platform, reveals that of those companies currently marketing goods and services in China, 67% say sales in this market have grown over the past 12 months. Furthermore, for those that don’t trade with the world’s second largest economy, one in five companies (20%) are now considering doing this. Over the next five years, the findings reveal that 40% of British businesses think that... more
PayPal Ventures Invests in Japanese Instant Credit Firm Paidy
- 5 years 5 months ago
- Payments
Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing. PayPal Ventures, Soros Capital Management, JS Capital Management and Tybourne Capital Management joined the extension round. The debt financing comes from Goldman Sachs Japan, Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank. Paidy launched its post-pay... more
Klarna and River Island announced partnership to let shoppers Pay in 3
- 5 years 6 months ago
- Payments
High street fashion icon River Island has today announced a partnership with Klarna to offer their customers a smooother way to pay, enabled by Adyen. At River Island, shoppers can now split the total cost of their online purchase into 3 equal monthly instalments with Klarna — completely interest and fee free.
Digital Asset Custodian Koine Secures FCA EMI Authorisation
- 5 years 6 months ago
- e-Payments
Koine was granted authorisation for the issuance of electronic money (EMI Licence) by the Financial Conduct Authority (FCA). Koine selected the UK as its jurisdiction of preference to start its regulatory journey. Koine is also in the process of applying for a number of authorisations in other major financial services locations.
Global fintech leaders join forces behind Pollinate platform
Pollinate, the business behind Tyl by NatWest, has launched with a growth capital investment round from a consortium of global industry leaders. Mastercard, Motive Partners and EFM Asset Management (EFM) will join RBS as both investors in, and partners to, the Pollinate business, which has raised a total of £60 million in funding to date.
EBA Calls on EC to Boost Cross-Border Banking and Payments
- 5 years 6 months ago
- Payments
Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA). The rise of digital services should help established and newcomer providers reach more people, including across borders, says the EBA in a report developed under its Fintech Roadmap. However, concludes the report, the promise is not being fully realised within the EU, in part due to... more
Uber launched Uber Money
- 5 years 6 months ago
- Payments
Uber introduced Uber Money, a team within Uber working on financial products and technologies that deliver additional value for the Uber community, all at Uber speed. We’re excited to kick things off with several new features and improvements coming this year:
Modulr to invest £20m to supercharge Scottish fintech
- 5 years 6 months ago
- Payments
Edinburgh-based FinTech
TransferGo Strengthens Leadership Team and Launches in New Markets Following Record Year for Growth
- 5 years 6 months ago
- Money Transfers
TransferGo, one of the world’s fastest growing money transfer companies, has today announced that it has now completed over five million transactions, with its user base continuing to grow in the thousands each day. To support this rapid growth, the remittance company has made four senior hires from some of the biggest names in the technology and financial services sector like PayPal and Santander and launched its service in four new markets... more
PPRO becomes first international partner of BLIK
- 5 years 6 months ago
- Payments
Polish consumers are now able to shop and pay at more places online direct from their mobile phone via BLIK, thanks to a partnership between PPRO, the leading global payments platform, and the Polish Payment Standard (PPS), operator of BLIK. International retailers wanting to close sales with Polish customers can also receive payment simply and securely via BLIK.
A Central Bank Will Issue a Consumer-Ready Digital Currency within Five Years - IBM Research
- 5 years 6 months ago
- Payments
Policy-makers at a number of central banks around the world are seriously considering developing and issuing a central bank digital currency (CBDC), with a consumer-ready CBDC likely to arrive in the next five years.
Continued growth in China cements UnionPay as the world’s largest card scheme
- 5 years 6 months ago
- Payments
Consumers in developing countries are increasingly entering the banking system and expansion of the banked population in China is a major contributor to UnionPay’s gain in global market share Government-backed financial inclusion programmes driving growth
Bottomline Announces AI Enabled In-Product Support Powered by Drift
- 5 years 6 months ago
- Payments
Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that helps make complex business payments simple, smart and secure, today announced that it has added AI-enabled chat inside its payment solutions to make signing up and accessing support even easier for its Paymode-X and PTX customers.
Amount Announces Amount Pay
- 5 years 6 months ago
- Payments
Amount, a leading fintech company helping financial institutions reinvent the retail experience, today announced Amount Pay, an installment point-of-sale (POS) financing solution launching in Q1 2020.
