Payments

Currencies Direct announces launch of new developer’s platform

Currencies Direct, the UK’s leading international payments provider, announced the launch of its suite of API services.  The platform is targeted at large corporates, start-ups and service providers who want to offer a complementary service for international payments. The API gives developers unprecedented levels of access to Currencies Direct’s digital infrastructure, that facilitates and authenticates cross-border for customers on a global... more Read more »

NatWest to launch biometric payments card pilot

As part of a national trial NatWest is piloting cutting edge, biometric fingerprint technology with 200 customers. The trial is due to begin in the coming weeks. Customers will use their fingerprint to verify transactions over £30, increasing security and making it easier for customers when paying for goods or services at the tills as no PIN is required. Read more »

Gender bias in money transfers mean migrant women in the UK pay more than men to send money abroad

Fintech InstaReM, has revealed that migrant women in the UK, despite being the primary source of care for their families ‘back home’, pay up to 20% more than men to transfer money abroad. UK Migrant women are disproportionately employed in low income work, and often paid weekly, transfering money ‘little and often’ thereby incurring greater fees. Read more »

Mastercard Delivers for Women Business Owners Seeking Community Support, Mentorship and Access to Capital

The needs of women small business owners are immediate and specific. They want a financial provider who will work for them by delivering community engagement, networking, mentorship opportunities and access to capital. Read more »

Mastercard Advances Cross-Border Capabilities with Acquisition of Transfast

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network. Transfast will complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account space, enhancing compliance capabilities and offering more robust foreign exchange tools. Transfast currently supports the Mastercard Send solution for... more Read more »

FSS makes Strategic Investment in Africa-based Ecentric Payment Systems

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. FSS has acquired a 46% stake in Ecentric through a combination of primary and secondary investments, with a potential to further its stake holding. Read more »

National Settlement Depository first CSD to sign up for SWIFT gpi

National Settlement Depository (NSD), Russia’s central securities depository (CSD) has become the first CSD to sign up for SWIFT’s gpi service – a rapid cross-border payments service that provides real-time payments tracking and transparency on bank fees and foreign exchange rates.  Read more »

Western Union to Present at the Wolfe Research FinTech Forum

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement, today announced that the company will present at the Wolfe Research FinTech Forum on March 13, 2019. The presentation will begin at 10:25 a.m. Eastern time and will include comments from Raj Agrawal, Executive Vice President and CFO. Read more »

Flywire’s Global Payment and Receivables Business Accelerates into 2019

Flywire, a company that solves complex payment problems for leading businesses and institutions, continued its rapid growth in 2018, reaching new milestones in cross-border payment volumes and customers. The company, which raised $100 million in new funding mid-year, expanded its presence significantly in Asia-Pacific and EMEA and saw significant gains in both regions. In addition, Flywire rebranded and integrated OnPlan, a domestic payment... more Read more »

Unbanked People in Africa to Benefit from the Joint Venture between Paxful and Bitmart Exchange

Paxful (www.Paxful.com), a peer-to-peer Bitcoin marketplace, announced on February 21, 2019 at 9am,  an integration onto BitMart, a premier global digital asset trading platform in the cryptocurrency market with over 600,000 users worldwide. This partnership comes at a pivotal time for the crypto community and serves as a step the two entities have taken together in the hopes of increasing liquidity and scalability. Read more »

Barclaycard and UnionPay announce new payment acceptance partnership in the UK

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, today announces a new card acceptance partnership with UnionPay International, a subsidiary of China UnionPay. The deal will enable its 110,000 UK merchants to accept UnionPay through a phased roll out that will begin this summer. UnionPay has the world’s largest cardholder base, and is the preferred payment brand for many Chinese visiting the UK as well as... more Read more »

Increased efficiency with Trustly recurring payments solution frees up significant amounts per month for aid organizations

Trustly, whose online bank payments are growing in popularity across Europe, has launched a partnership with the Help to Help Foundation to make the administration of monthly payments more effective with Trustly Direct Debit. The service digitizes recurring payments and simplifies the management of donations from monthly donors, which saves both time and money — money that instead can go to those in need. Read more »

Block Collider Launches an Unstoppable Decentralized Marketplace

The world’s first BORDERLESS Marketplace is opening and it is cannot be stopped. The product of thousands of hours of work by a dedicated team and community, Block Collider is releasing the world’s first unstoppable, honestly decentralized exchange. The momentum of this event will resound through the cryptocurrency space first but make its way to broader markets as people realize there are options to centralization. Read more »

ONPEX Partners with Wirexend to Bring Seamless Multi-Currency Cross-Border Payments

ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with Canadian financial institution, Wirexend. Read more »

Payments NZ unveils first API standarda

I’m pleased to announce the release of our first API standards for Payment Initiation and Account Information. These open payments-related standards will be used as an important building block for new innovation which can benefit all Kiwis.   Read more »

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