New Square Report Shows Continued Shift Towards Cashless Payments Due to Pandemic, but UK Public Not Ready to Let Go of Cash Yet
In the UK, over the past 12 months, the share of Square businesses that are cashless has risen by more than 4x. This time last year only one in 10 UK businesses using Square were cashless, whereas now nearly 5 in 10 are cashless. This is according to Square’s Cash and the Pandemic 2.0 report which takes a look back over the last year at what’s changed, what’s new, and what could be here to stay when it comes to how small businesses in the UK... more
Credit Europe Bank Improves Usability of Payments in a Mobile App With Scanning Technology by Smart Engines
Member of FIBA Group, Credit Europe Bank (Russia) Ltd. has integrated a software product Smart Code Engine for QR codes scanning in a mobile app. With its help, bank customers are able to make various payments by QR codes, such as bills, invoices, receipts and fines.
Crypto Hedgefund ARK36 Invests in Concordium Compliant Private Blockchain
- 4 years 2 months ago
- Blockchain, Cryptocurrencies
Danish-owned cryptocurrency investment fund ARK36 has participated in a private sale of GTU tokens issued by Concordium, a new, state-of-the-art blockchain project built for business and focused on regulatory compliance and privacy.
Worldline Achieves Another Excellent Score of 88/100, Reflecting Its Transparency and CSR Performance
- 4 years 2 months ago
- Payments
Worldline, the European leader in the payments and transactional services industry, is proud to announce it has been awarded another first-class score of 88/100 in this year’s evaluation by the extra-financial rating agency Gaïa Rating. Over the past three years, Worldline has improved its Corporate Social Responsibility (CSR) performance by 6 points, according to Gaïa Rating’s ESG evaluation.
Bitcoin Monopoly: How to Put Bitcoin’s Insane Value in to Context
- 4 years 2 months ago
- Bitcoins, Cryptocurrencies
Team at table top retailer Rogue Games play with Bitcoin values to show how insane the value of cryptocurrency is For most of us, Monopoly is our first introduction to the wonderful world of finances and capitalism. It’s where we learn that money does make the world (or top hats and thimbles at least) go around, and that, sometimes, it's actually kind of fun to bankrupt your friends and family.
Credorax Appoints Achiya Fried to Chief Commercial Officer in Strategic Move to Meet Ambitious Growth Plans for 2021
- 4 years 2 months ago
- Payments, People Moves
Credorax, leading smart payments provider and merchant acquiring bank, has today announced the appointment of Achiya Fried as Chief Commercial Officer. With almost 25 years’ experience in acquiring, ecommerce and sales and marketing across the cards and payments sector, Fried will be leading on Credorax’s market growth strategy, while heading up the business development and commercial teams.
FinTech Challenger, GerliPay, Selects Nets for Multinational Digital Payments
- 4 years 2 months ago
- Payments
Gerlionti S.A., a company in Luxembourg, currently in the process of obtaining an Electronic Money Institution (EMI) licence under the GerliPay trademark, has selected Nets Estonia to support the development of its new digital payment system, GerliPay.
ECOMMPAY Cautions Merchants to Improve Fraud Prevention Strategies After Tracking Three-Fold Increase in Fraud Attempts During Pandemic
International payment service provider and direct bank card acquirer, ECOMMPAY, has today cautioned that attempted fraud levels have increased by two to three times their previous levels during the past year.
One in Three Brits Feel Confident Trying New Digital Payment Methods
- 4 years 2 months ago
- Payments
Holly Coventry, Director, Pay with Bank transfer, commented on the findings: “This research clearly demonstrates that the extra time - and money - spent online over the course of the pandemic has heightened consumer awareness of the pain points in existing payment processes. As e-commerce will continue to be critical for many businesses, they need to make sure they’re staying on top of the latest payments tech.
Boku (BOKU): Evolving to Address Wider E-Commerce Market
- 4 years 2 months ago
- E-Commerce, Payments
Boku reported strong results for FY20, with adjusted revenue and EBITDA growth of 20% and 106% respectively. The Payments business benefited from increased consumer demand during the pandemic, while the Identity business had a more difficult year. Trading year to date has been strong for both businesses and management is confident of meeting expectations for FY21. We have made minor changes to our FY21/22 forecasts. The evolution of the platform... more
Lockdown Legacies: The 10 Shifts in Consumer Behaviour for Retailers to be Aware of
Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.
Veriff Partners With Joompay to Instill Trust and Added Identity Verification for Mobile Payments in Europe
- 4 years 2 months ago
- Payments
Veriff, a global identity verification provider is partnering with Joompay, a social finance app enabling money transfers in Europe. The Joompay app allows people to send and receive money from anyone in an easy and fun way.
Payments Keep Going Digital: 2.7 Billion People to Use Mobile Wallet Apps by 2022
- 4 years 2 months ago
- Payments
Payvision, global omnichannel payment specialist, reports that by 2022 more than one billion people will use Apple Pay, Google Pay and Samsung Pay. Contactless payments are becoming a necessity, both for customers and businesses. Every week 11% of online shoppers worldwide buy via smartphone, and 34% of them claim making this their primary payment method. In its report commissioned by Payvision, Kaleido Intelligence foresees that 50% of the... more
13.9 Million Canadians Currently at Risk of Digital Exclusion Due to Drop in Cash Use
- 4 years 2 months ago
- e-Payments, Security
At least 13.9 million Canadians could be at risk of being left vulnerable in society due to an inability to use digital payment methods, despite a drop in the use of cash, new data shows.
Fintech EBANX Kicks Off Operations in Central America and Paraguay, Reaches 15 Countries
- 4 years 2 months ago
- Payments
EBANX, a fintech unicorn company specialized in payments for Latin America, has started its expansion throughout Central America, launching operations in Costa Rica and going live in El Salvador, Panama, Guatemala, and the Dominican Republic by the first half of 2021. The company is also growing its reach in South America, by adding operations in Paraguay. In this movement, EBANX reaches 15 countries in Latin America, in a push to expand its... more
