Payments

WorldPay and Visa Back African Payments Firm Flutterwave

Flutterwave, a payments startup operating in Africa, is looking to expand across the continent after closing a $35 million funding round and securing partnerships with Visa and WorldPay. With bases in Lagos and San Francisco, Flutterwave is one of several African fintech firms looking to cash in on the continent's drive to electronic payments. The company helps merchants accept payments both online and at the point-of-sale through a host of... more Read more »

Thailand’s SEC Grants License to Crypto Exchange Platform Zipmex

Asian cryptocurrency exchange platform, Zipmex, has gained the license to provide digital assets and exchange services in Thailand, following a 12-month wait.   Headquartered in Singapore, the trading platform currently operates in Indonesia and Australia, standing at a current valuation of $18 million after having raised $5 million to date. The bitcoin trading license follows Zipmex's $3 million pre-Series A funding round just last September,... more Read more »

Computop Reveals New Payment Card Terminal at Euroshop Trade Fair

Computop,  a leading global payment processor, today announced that it will be exhibiting at Euroshop, the retail trade fair in Dusseldorf, Germany (February 16-20). The company will be showcasing its new, Android-based card terminal, Computop Next A920, providing demonstrations for visitors to the event. Read more »

JCB expands its merchant network with Nets Group in Finland

JCB International, Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and Nordic-based payment service provider Nets Group, today announce the wider enablement of JCB payment acceptance by Nets merchants in Finland. This latest strategic expansion initially enables over 18,000 businesses across Finland to accept JCB payments through the Nets Merchant Services platform. This will provide JCB’s growing Russian and Japanese... more Read more »

Cashaa Opens Broker Account for Crypto Businesses to Enforce New FCA Rules

London-based crypto banking startup Cashaa is announcing the launch of a “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and Fifth Money Laundering Directive (5AMLD). Cashaa’s mission is to help crypto businesses get access to banking who have always struggled with traditional banks. Finally, in 2019, it started its operations in... more Read more »

Wirecard and EasyTransfer make payment easy for international Chinese students

 Wirecard, the global innovation leader for digital financial technology, and EasyTransfer are collaborating to enable seamless mobile payments for digital-native Chinese students. Together the two companies are launching a new mobile payment and loyalty app designed for Chinese students studying outside of China. Approximately $3.8 billion in tuition payments were transferred via EasyTransfer in the first year alone. Read more »

NICE Actimize Adds Cryptocurrency Innovator CipherTrace to X-Sight Marketplace to Enhance Due Diligence and Reduce Risk

With cryptocurrency-related compliance issues on the rise, and an increase in enforcement actions anticipated, the need for financial institutions to adopt solid AML programs addressing this market segment is expected to escalate this year. Read more »

Brits in the dark over their personal finances as consumer debt hits £218bn

 One in five Brits are failing to keep track of their personal finances, with 40% of millennials admitting they have no clue how much they spend compared to what they earn each month. The news comes as Bank of England data from December 2019 showed households have £45billion more debt on credit cards, personal loans and overdrafts compared to the start of 2010 – a 25 percent growth in 10 years. Read more »

TemTum Launches World’s Fastest Payment Mobile Wallet on iOS and Android

TemTum (temtum.com), the quantum-secure, ultra-fast, carbon-neutral cryptocurrency network, today announced the launch of its iOS and Android mobile wallet application. Read more »

Visa Is Buying Fintech Startup Plaid For $5.3 Billion

Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year. The eight-year-old San Francisco company last raised funding a year ago at a $2.65 billion valuation. In 2019, Plaid doubled its number of customers to reach 2,600, and it expanded beyond the U.S. to the U.K., Spain, France and Ireland.  Read more »

Turkish Banks Switch on Digital Gold Transfer Network

Turkish banks have begun the transfer of a cryptocurrency representing physical units of gold via a blockchain platform developed by Istanbul Clearing, Settlement and Custody Bank (Takasban). The private cryptocurrency, dubbed BiGA, represent the equivalent of one gram of gold stored in the vaults of the Istanbul Sotck Exchange. The BiGA blockchain platform and gold transfer system caters for the export, amortization and transfer of digital... more Read more »

Yooz Named Finalist in 2019-20 Cloud Awards

 Yooz, the international provider of intelligent P2P software, has been shortlisted in the category Best Cloud Automation Solution in The Cloud Awards, the international Cloud Computing Awards program. Since 2011, The Cloud Awards program has sought to champion excellence and innovation in cloud computing. Entries are accepted throughout the globe and across multiple industry sectors. Read more »

Marqeta certify with Mastercard to provide processing services that enable European FinTechs to get to market faster and easier

 Marqeta, the leading global modern payments platform, is now a European certified processor with Mastercard. This new collaboration is designed to help digital banks and FinTechs go to market and scale faster. Twisto, an innovative daily payments app linked to a card, will be the first European customer to deploy Marqeta’s card processing capabilities with Mastercard. Read more »

Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore

Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including: Read more »

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