Top 3 Open Banking Benefits for Accounting Companies
- 4 years 10 months ago
- Payments
Digital adoption has seen a revolutionary change in the past decade, which has been significantly accelerated as a result of the global pandemic. In this context, the open banking revolution offers countless opportunities for providers of services like accounting, budgeting, investment advice to businesses.
Employee and Consumer Engagement Specialist, Sodexo Engage UK, partners with Kani Payments to automate its data reconciliation
Specialist data reconciliation and reporting platform, Kani Payments, has partnered with the world’s largest Quality of Life services company, Sodexo Engage. Kani’s automated reconciliation platform will integrate with Sodexo Engage’s IT, Finance and Operations divisions for the improved management of e-payments, pre-paid cards, gift cards, vouchers, and risk identification data.
YouTrip Rewards Up To S$500 Cashback On e-Duit Rayas With Expected Tenfold Increase In e-Gifting This Hari Raya
- 4 years 10 months ago
- Payments
YouTrip, Singapore's leading multi-currency mobile wallet, forecasts at least a tenfold monthly increase in e-gifting transfer count this Hari Raya Aidilfitri. The insight stems from similar patterns observed during Chinese New Year earlier this year where the mobile wallet cited an increase in transfer count by 15 times during the festive season.
Bitex Launches Ethereum Based Utility Token Through Initial Exchange Offering
- 4 years 10 months ago
- Cryptocurrencies
To address challenges in mass adoption of cryptocurrencies owing to hurdles in fiat to crypto conversion, bank related delays and high fiat deposit/withdrawal fee, Bitex has launched Bitex Coin (BTX) – a utility token to trade on the exchange, make payments and exchange crypto at a lower fees. Currently, high fiat deposit/withdrawal fee, custody of fiat funds and 2-5 days to process fiat withdrawals are other major deterrents to trading on... more
Rimuut Partners with Nium to Enable Seamless International Payment Services for Businesses and Freelancers
- 4 years 10 months ago
- Investment, Payments, Security, Financial
Next-generation financial services platform Nium and global invoicing and payments platform Rimuut announced a strategic partnership that will allow Rimuut to leverage Nium’s vast payout network and speedy cross-border collection service.
Airwallex Secures EMI Licence in the Netherlands
- 4 years 10 months ago
- Payments, Infrastructure
Airwallex, a leading global payments platform, is pleased to announce it has secured its Electronic Money Institution (EMI) licence from the Dutch Central Bank (De Nederlandsche Bank, DNB). The licence was granted on 30 April 2021, and gives Airwallex access to the European single market.
Zumo Launches Virtual Visa Debit Card, Powered By Modulr
- 4 years 10 months ago
- Payments, E-Wallets, Credit Cards, Cryptocurrencies
Zumo, the Edinburgh-based crypto wallet, has today announced the launch of its Zumo Virtual Card. This new product allows users in the UK to make purchases at any online retailer which accepts Visa. Zumo is the first non-custodial crypto wallet to offer users the ability to hold GBP in their wallet to then spend with a Visa card.
PEFCU to Go Live with Scienaptic, Powering Sharper, AI-Driven Credit Decisioning for Members
- 4 years 10 months ago
- Payments
Leading AI-powered credit decisioning disruptor, Scienaptic, today announced the deployment of its platform at Publix Employees Federal Credit Union (PEFCU). The implementation will enable PEFCU to make better, faster credit decisions for its members and deliver the best value for lifelong relationships.
Paysend Launching a New People & Culture Plan to Support Strong Global Expansion
- 4 years 10 months ago
- Payments
Global FinTech Paysend today announced a new global plan for the launch of their People & Culture function, with the aim to support the massive growth of the UK based Fintech which grew its customer base over 1 million in the last 6 months. The People & Culture function recently created under the leadership of Alex Nicolaus (Chief People Officer) is looking at a way to redefine the future of work in the digital space, through a reshape... more
SWIFT and Accenture Publish Joint Paper on Central Bank Digital Currencies in Cross-Border Payments
- 4 years 10 months ago
- Payments
SWIFT and Accenture today published a paper on central bank digital currencies (CBDCs) in cross-border payments as part of broader digital asset innovation to help the financial community prepare for the possibility of moving payments in new forms of currency internationally.
Nationwide Partners with Form3 to Underpin Future Payments Strategy
Nationwide, the world’s largest building society, has partnered with leading technology provider Form3 and will be connecting to their cloud-native payments platform to simplify and reinforce the Society’s payments infrastructure. In August 2020, Nationwide was one of the first financial services providers in the UK to invest in Form3 via its Ventures Fund, recognising the potential of their platform. Now the organisation will become one of the... more
ACI Worldwide Powers Payments Innovation for KNET
- 4 years 10 months ago
- Payments, e-Payments, IT Innovations, Financial
ACI Worldwide, a leading global provider of real-time digital payment software and solutions, today announced that it has expanded its partnership with KNET, Kuwait’s national electronic banking company, to launch a number of new and innovative digital payment services to support its customers during the COVID-19 pandemic.
Tink And American Express Enter Open Banking Partnership
- 4 years 10 months ago
- Open Banking, Payments
Tink and American Express have entered a European open banking partnership to improve the onboarding process for new card members.
Amidst Pandemic, PayNearby Aadhaar ATMs See a Surge in Withdrawals and Crosses Rs. 40,000 Cr in FY 20-21
- 4 years 10 months ago
- Payments, Banking, Financial, Non-Financials
PayNearby, India’s leading branchless banking and digital payments network today announced that it has recorded Gross Transaction Value (GTV) worth Rs. 54,000 Crores in FY 20-21, with an exit month GTV 32% higher than the average monthly GTV booked in FY 19-20. The company generated ~Rs. 290 Crores of revenue for its retail partners and about ~Rs. 40 Crores of fee for its banking partners in the same financial year.
Tonik Raises US$17M in Pre-Series B Funding
- 4 years 10 months ago
- Payments, Banking, Online Banking
Tonik, the first neobank in the Philippines, announced today that it raised US$17M in Pre-Series B funding. The round comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month - a historical record for any new bank launching in the Philippines.
