Payments

Withdraw DBT funds and cash from thousands of PayNearby outlets

The nation-wide lockdown in the wake of Covid-19, predictably, has hit the poorest sections of society the hardest, especially migrant workers and the rural population. However, now, through the help of bank mitras and Aadhaar enabled payments, customers can withdraw upto Rs. 10,000 daily simply through the use of their thumb, which is a blessing in rural areas where there is a lack of adequate financial infrastructure. Read more »

Ebury approved to provide SME funding under Dutch Government’s Coronavirus business aid scheme

Ebury, one of Europe’s largest FinTech companies, has been granted approval in the Netherlands to provide SMEs with loans under the Government’s SME Credit Guarantee Scheme1, which was launched in response to the Coronavirus crisis. The scheme, which is available to Dutch businesses with fewer than 250 employees, provides government guarantees for loans of up to €1.5m. The guarantees will cover 75% of the loan amount for up to €2bn of SME... more Read more »

SatchelPay Partners with AMLYZE for Compliance Assurance and Security Boost

Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with regulatory compliance and improving the online banking platform’s security. After the Bank of Lithuania moved to resume all of SatchelPay’s services in November of 2019, the fintech firm has shown itself eager to establish a more evolved institutional paradigm, conducive to growth... more Read more »

MYPINPAD Enables Secure Payments on both Android and IOS Devices

MYPINPAD (“MPP”), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based PIN entry on a Commercial off-the-shelf (SPoC) solution –the first software only Android SPoC solution that does not rely on any hardware-based security. Read more »

Wirecard wins S Sport Plus, Turkish streaming platform, as a new customer

Wirecard, the global innovation leader for digital financial technology, has won S Sport Plus, Turkey’s first sports streaming platform, as a new customer for payment processing. As part of the cooperation, Wirecard will process all payments carried out on the S Sport Plus platform, including new customer sign ups and recurring subscription payments. Read more »

VibePay means business: Gen Z payments pioneers launch open-banking powered business offer

VibePay, the enterprising ecosystem behind the fast growing social payments app, today announces its open banking driven offer for businesses. The latest products will allow brands to process frictionless checkout and subscription payments online, increasing transaction success and reducing fees, whilst giving brands a gateway into their engaged Gen Z community. Read more »

ACI Worldwide Collaboration with Hi-Pay is a Growth Catalyst for Mongolia’s Emerging Payments Ecosystem

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that High Payment Solutions LLC (Hi-Pay) has successfully launched its new payments hub using multiple ACI solutions to create Mongolia’s first payments gateway service. ACI’s technology gives Hi-Pay a foundational platform upon which it can build a range of new products and services. Read more »

Viventium and DailyPay Announce Strategic Partnership to Support Delivering On-Demand Pay Amid Healthcare Crisis

Viventium, a SaaS-based human capital management solution, and DailyPay, a pay experience fintech solution with a comprehensive platform of offerings, including  Read more »

Ethoca to Bring Digital Receipts to Consumers through Collaboration with Microsoft

Ethoca, a Mastercard company, today announced an expansion of its collaboration with Microsoft that will bring Microsoft customers simple access to their digital purchase receipts through their banks’ mobile applications, enabled with Ethoca’s Digital Receipts service. Read more »

Salt Edge helps Roundups create a new way of donating

Salt Edge, a leader in offering open banking solutions, joined Roundups in its mission to raise millions through adding up pennies left from payment transactions and donating them to charities and non-profit organisations. Read more »

Compass Plus boosts market position following successful migration for Network International Egypt

Compass Plus marks a milestone in its long-term relationship with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA). Following the successful migration of Network’s 12 Egyptian issuer processor clients (banks) to Compass Plus software from legacy infrastructures in 2019, Compass Plus is looking to apply its experience and expertise to similar projects globally. Read more »

FinTech phos raises €1.3M to expand its revolutionary software PoS in Europe as cash usage declines rapidly

Phos, the fintech that created the first-ever software PoS which allows merchants to accept payments directly on their phones, today announced that it has closed a fundraising round of €1.3M. The round was led by New Vision 3 and also saw new angel investment in the business. The new funding sees the total amount raised by the business increase to €2.5M, enabling phos to grow its development team to introduce new features like PIN on Phone, its... more Read more »

VALK partners with Koine to enable payment and cash custody on Corda for investment banks, asset and fund managers

VALK is pleased to announce a partnership with Koine, who provides a post-trade solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody and settlement services on the VALK platform. Read more »

Investment Priorities of African Banks and Merchants Revealed in 2020 Digital Payments Survey

OpenWay, a global vendor of digital payment software, partnered with technology analyst house Ovum (now Omdia) to conduct the 2020 Digital Payments in Africa survey. Key retail banks and merchants in East, West and Southern Africa took part to provide a glimpse into the retail payment landscape of Sub-Saharan African region.  Read more »

EPA publishes new guidance on digital identification and authentication to help tackle financial crime

 The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing payments companies, has today published new guidance on digital identification and authentication to help combat financial crime. Read more »

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