Payments

Dot Raises $8 Million Seed Funding From PayU, Fosun RZ Capital, Info EdgeVentures

Dot, offline-to-online (O2O) commerce and fintech platform founded by entrepreneur and PayU India’s ex co-founder Shailaz Nag today announced that it has raised an initial seed funding of around US$8 million. PayU, the payments and fintech business of Prosus, and Fosun RZ Capital led the seed funding round, which also saw participation from Info Edge Ventures and other well-known angel investors in the country. Read more »

Airwallex and Visa Debut Airwallex Borderless Cards For Businesses

Global fintech leader Airwallex today announced the launch of the Airwallex Borderless Card for businesses, in partnership with Visa, the world’s leading digital payment technology company. Read more »

MuchBetter launches MuchBetter cash – enabling physical cash-to-iGaming-account transactions

 MuchBetter, the award winning iGaming payments company, today announced the launch of MuchBetter cash, a unique cash-to-iGaming-account transaction service. Enabled by the MuchBetter API, MuchBetter cash allows customers to make free cash payments at offline retail locations directly into their iGaming accounts. Read more »

Payments Infrastructure Builder Finix Raises $35m

Payments infrastructure platform Finix, has raised $35 million in a Series B funding round led by Silicon Valley VC Sequoia. Acrew Capital, Bain Capital Ventures, Activant Capital and Inspired Capital joined the round, which comes just seven months after Finix's $17.5 million Series A. Read more »

Mode Unveils Bitcoin Buying App

London-based fintech firm Mode, advised and backed by Twitter co-founder Biz Stone, has launched its Bitcoin banking mobile iOS app. This will make Bitcoin - the world’s most popular digital asset which many refer to as ‘digital gold’ - accessible to everyone at the touch of a button. The platform is available to users globally, except in the United States of America. Read more »

European Investment Bank and Azimo Sign EUR20 Million Debt Venture Deal

The European Investment Bank (EIB) and Azimo, the European money transfer service, today announced a EUR 20 million debt agreement. The financing is supported by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe. The loan will help Azimo accelerate its expansion, including the development of its proprietary automated payments platform. Currently, some 130 of Azimo’s 160 total staff are... more Read more »

Bankable Announces Strategic Collaboration with Visa to Continue Growing Globally

Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which... more Read more »

CQG Partners with DVeX to Offer Front-End Platforms to New Cryptocurrency Exchange

 CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced the establishment of a partnership with DVeX, a new cryptocurrency exchange built by and for institutional traders.  The firms have collaborated to offer CQG front-end platforms to DVeX clients for cutting-edge trading tools and analytics, effective immediately. Read more »

MuchBetter launches personal IBAN service for secure, hassle free deposits

 MuchBetter, the award winning iGaming payments company, today announced the launch of a unique payments service allowing customers to set up a personal IBAN (International Bank Account Number) for use with their MuchBetter accounts, that can be paired with their iGaming accounts. The IBAN service is a free, private and straightforward way for players to transfer payments to their most frequently used iGaming accounts.  Read more »

EMVCo certifies Trustonic to secure mobile payments apps

Mobile device and app security leader Trustonic today announces that its trusted execution environment (TEE)* solution is the first hardware-backed TEE to complete the EMVCo Software-Based Mobile Payments security evaluation process. Read more »

Google Terminates Payment Request API

The Payment Request API is a web standard to make it easier for web developers to build low-friction and secure payment flows. Read more »

FCA Rounds On Credit Card Firms Over Customers in Persistent Debt

The Financial Conduct Authority (FCA) has written to credit card firms telling them to review their approach to borrowers who are stuck in persistent debt, where they are paying more in interest, fees and charges than they are paying of their balance. Read more »

Brits flock to Clearhaus as Brexit takes effect

In the wake of Brexit, the Danish payment institution Clearhaus has secured a license which gives the Danish acquirer access to the attractive UK market. The license, issued by the UKFCA, allows Clearhaus to continue to provide its payment solutions to webshops in the UK market. The same way as Clearhaus does in the rest of Europe. Read more »

Klarna and Olivia Rubin announce collaboration for London Fashion Week 2020

Leading payments provider Klarna is excited to announce its London Fashion Week collaboration with British designer Olivia Rubin. Known for her joyful designs in signature colours, Olivia Rubin aligns perfectly with the fintech giant who also believes in standing out from the crowd with their unmistakable pink branding – a world away from the traditional ‘bankish blue’. Read more »

JCB Partners with Oceanpayment for Merchant Acquiring Business

JCB International Co., Ltd. (“JCBI”), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Oceanpayment Co., Ltd., China’s leading cross-border payment brand, announced that they signed a License Agreement to start JCB merchant acquiring business. In order to strengthen the cooperative relationship, Mr. Hirohiko Sugiyama, Managing Director of JCB International (Asia) Ltd. and Lanny Yang, Co-... more Read more »

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