Clear Skies Ahead for SatchelPay After Clearing Regulatory Hurdle
- 6 years 1 week ago
- Payments
SatchelPay, one of the leading European electronic money institutions, has been cleared by the Bank of Lithuania to resume all suspended services. This comes after the Bank of Lithuania imposed a temporary hold on selected SatchelPay services, following concerns raised by an audit that took place last spring. SatchelPay was immediately informed of the positive decision by the Bank of Lithuania, which communicated that all suspended services may... more
Team.blue and Clearhaus partner up, strengthening Nordic online stores
- 6 years 1 week ago
- Payments
European webshop owners may soon bid their payment concerns farewell. A new partnership between two of the most innovative players in the European payment industry will ensure a smooth and streamlined payment process when selling goods online.
Discover remains the most widely accepted card scheme worldwide
The influence of China on global card acceptance is shown by the fact that Discover is accepted at more outlets than Visa and Mastercard as a result of agreements with UnionPay and other schemes Reciprocal agreements boost acceptance for Discover, UnionPay and JCB
Paysend extends its worldwide footprint with expansion into Asia
- 6 years 1 week ago
- Payments
Paysend, the UK-based fintech business, has expanded its global reach by launching its money transfers service to Japan and South Korea. Users are now able to send money to Japan and South Korea using card-to-card or account transfers. Asia is an important growth market for global money transfers. Global money transfers to the East Asia and Pacific region grew almost 7 percent to $143 billion in 2018, faster than the 5 percent growth in 2017,... more
AEVI merchant acquiring report shows integration and connectivity is a priority for industry to thrive
- 6 years 1 week ago
- Payments
If merchant acquirers are to outperform increasing competition from new entrants, they must leverage platforms that integrate digital value-added apps and services from third parties rather than try to integrate their own proprietary solutions. That’s the conclusion of a new report published by AEVI that examines merchant services trends in France, Italy, and Spain, with insights from leading industry experts.
TransferMate launches seamless payments within the AccountsIQ platform
- 6 years 2 weeks ago
- Payments
TransferMate, one of the world’s leading cross-border B2B payments providers, and AccountsIQ, a market leading cloud accounting, consolidation and business intelligence solution, have announced further product integration to offer seamless international payments for AccountsIQ clients. While AccountsIQ customers can already benefit from the preferential exchange rates and lower fees offered by TransferMate, the advent of TransferMate’s leading... more
Bottomline Recognised as Industry Leader at Document Manager Magazine Awards
Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, today announced it has been recognised with the award for ‘Accounts Payable / Invoicing Product of the Year’ by Document Manager Magazine’s DM Awards. Bottomline was selected for its integrated invoice automation solution, which replaces manual processes and accelerates payables processing.
Paydesk partners with TransferWise for frictionless freelance payments
- 6 years 2 weeks ago
- Payments
British freelance payments platform Paydesk today announced its integration with TransferWise, the global technology company for moving money internationally, to offer the most efficient payments to freelance workers.
Swiss bank SEBA with a focus on digital assets now accepts clients from 9 new jurisdictions
More than 10 years after the invention of Bitcoin, there is still a tremendous gap between traditional banking on one side and decentralised finance on the other side. SEBA Bank, an integrated bank focused on digital assets, works as a bridge builder offering a comprehensive range of services in digital as well as in traditional finance. In August, it received a licence from the Swiss Financial Market Authority FINMA – the first time such a... more
Payoneer to acquire open payment orchestration platform optile
- 6 years 2 weeks ago
- Payments
Payoneer, the digital payment platform empowering businesses around the world to grow globally, has announced it has agreed to acquire optile, a Munich-based tech company that streamlines payment acceptance processes for merchants worldwide. Founded in 2010, optile’s open payment ecosystem puts merchants in control of their business with the flexibility to add payment options and partners as their needs evolve, boosting conversion and improving... more
Nuvei raises US$270 million at US$2 billion valuation
- 6 years 2 weeks ago
- Payments
Nuvei, a leading global payment technology provider, announced today it has completed a US$270 million (CA$358 million) common equity financing, valuing the company at US$2 billion (CA$2.65 billion). The investment comes primarily from Nuvei’s existing shareholders: leading Canadian private equity firm Novacap, supported by some of its key limited partners, and Caisse de dépôt et placement du Québec (CDPQ), one of the largest Canadian... more
Mastercard Brings Digital Identity to Real World Tests
- 6 years 2 weeks ago
- Digital Identity, Payments
Mastercard today marked the first tests of a new digital service that has the potential to verify a person’s identity immediately, safely and securely in both the digital and the physical world. The initial in-market pilot will take place in Australia through two separate efforts with Australia Post and Deakin University.
The future of money is being rewritten in Asia
- 6 years 2 weeks ago
- Payments, Banking, FinTech StartUps, IT Innovations
Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is leading the wave of disruption. In each case, these changing models, as well as unique situations, are enabling consumer choice, shifting profit margins and creating new opportunities. Technology
FPL Technologies ties up with Visa to launch mobile-first credit card for millennials
- 6 years 2 weeks ago
- Payments
FPL Technologies, a fintech startup focused on re-imagining credit and payments in India today announced its partnership with Visa to launch a mobile-first credit card in India. FPL will issue credit cards in partnership with banks and leverage Visa’s brand, technology and global acceptance footprint to make its credit card available for a wide range of use cases. The company recently raised US $4.5M from Matrix Partners, Sequoia Capital and... more
Visa and MFS Africa Bring Digital Payments to More Consumers and Businesses across Africa
- 6 years 2 weeks ago
- Payments
Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments, significantly expanding Visa’s reach and its ability to open up ecommerce to the region.
