Payments

Spice Money grew 80% in its service-fee revenue to Rs 341 cr in FY22 vis-a-vis Rs 190 cr in FY21

1 year 11 months ago
Payments

Highlights: ● With a positive unit economics business model, Spice Money continues to be a profitable fintech with an EBITDA of Rs. 22 cr in FY22. ● Spice Money delivers 4X growth over the last two years on all key metrics of transaction volumes, network growth, customer GTV and service-fee revenue. ● The Spice Money Adhikari Network nearly doubled to reach 1 million nanopreneurs in FY22.

Mastercard Leads $40 Million Round in Saudi Arabia's Hyperpay

1 year 11 months ago
Credit Cards

Mastercard, a technology leader in the global payments industry, has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the Middle East and North Africa (MENA), to drive the adoption of digital payment solutions across the region.

Paypal and Experian Invest in Home Rental Fintech Jetty

1 year 11 months ago
Payments, Banking

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures.

Clearpay Extends In Store Payment Option To Small and Medium Retailers

1 year 11 months ago
Payments

Clearpay, a leader in “Buy Now, Pay Later” payments known as Afterpay outside the UK and Europe, has made its in-store payment functionality available to small and medium-sized businesses (SMBs) across the UK’s high streets. By offering instalment payments in-store, Clearpay is supporting them to drive more footfall and more sales.

International Sales and Global Suppliers Key to Ensure Post Pandemic Business Recovery

1 year 11 months ago
Payments

Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (44%) global small and medium-sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.

Obscuro launches Groundbreaking DeFi Data Privacy Protocol on Ethereum

1 year 11 months ago
Cryptocurrencies

Obscuro has launched its decentralised Ethereum protocol designed to achieve data confidentiality while maintaining the benefits of an open blockchain network. In doing so it aims to open up a new world of use cases on Ethereum such as private NFTs, dark pool trading, gaming, sealed auctions, KYC and more.

77% of Gen Z are Ditching Physical Wallets to Pay by Mobile

1 year 11 months ago
Payments

Marqeta, the global modern card issuing platform, has today released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise.

Fruugo Enlists Adyen to Streamline Payments and Fuel Growth

1 year 11 months ago
Payments

Fruugo, a technology company operating a global online marketplace, has chosen Adyen, the global financial technology platform of choice for leading businesses, to provide its customers with an enhanced payments experience. Through its use of Adyen’s platform, Fruugo is able to offer a wide range of local payment methods in each of the 41 different countries in which its marketplace operates.

Revealed - the Biggest Frustrations for Consumers with Online Payments

1 year 11 months ago
Payments

One quarter (26%) of UK consumers who have had a payment declined in the past 12 months admit that they don’t know why it was declined, according to new research from Trustly, the leading global payments platform for digital account-to-account transactions.

Pakistan’s Tez Financial Services gets acquired by Switzerland’s ZoodPay

1 year 11 months ago
Payments

ZoodPay, the digital lending platform for E-commerce in the Middle East and Central Asia, has acquired Karachi-based

Stripe Opens App Marketplace

1 year 11 months ago
Payments

Stripe has opened an App Marketplace housing up to 50 third party business apps from vendors like DocuSign, Dropbox, Intercom, Mailchimp, Ramp, and Xero. Stripe Apps makes it possible for businesses to customise Stripe for the first time. It also enables automated sharing of contextual information across apps, keeping systems of record in sync and giving users a fuller view of their business.

SH Payments Joins CENTROlink Network Giving Clients Access to the Single Euro Payments Area (SEPA)

1 year 11 months ago
Payments

SH Payments, a leading provider of tier one banking and payments services, has officially joined the CENTROlink payments system, allowing the company’s clients to have access to the Single Euro Payments Area (SEPA).

Connect Financial Expands Team to Support Product and Business Developments

1 year 11 months ago
Cryptocurrencies

Connect Financial, an innovative cryptocurrency financial platform, announces today the expansion of its team and welcomes Christo Brown as its new Director of Product.

Ingenico to Enable the Rollout of Alipay+ to Millions of Merchants and Thousands of Banks and Acquirers with PPaaS, its cloud-based Payments Platform as a Service

1 year 11 months ago
Payments

Ingenico, a Worldline brand, and Ant Group today announced details of their partnership that will allow acquirers and other payment service providers to implement Alipay+ seamlessly across their merchant networks using Ingenico’s PPaaS (Payments Platform as a Service) cloud-based solution.