Cornerstone FS Acquires Specialist FX and Treasury Consultancy Pangea FX Limited
- 4 years 3 weeks ago
- Payments
Cornerstone FS, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into an agreement to acquire the entire issued and to be issued share capital of Pangea FX Limited (“Pangea”), a specialist FX and treasury consultancy (the “Acquisition”). The total consideration payable for the Acquisition is up to £200,000 (dependent upon future... more
Flutterwave Secures Switching and Processing License, Nigeria’s Highest Payments Processing License
- 4 years 3 weeks ago
- Payments
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)— widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services.
Moneycorp Expands European Footprint with Launch of Moneycorp France
- 4 years 3 weeks ago
- Payments
Moneycorp - a leading global payments services provider - has today announced its launch in France as part of its rapidly expanding European business.
O-CITY Leads Kenya Contactless Payment Boom by Scaling Digital Fare Collection for Over 10,000 Matatu Buses
- 4 years 3 weeks ago
- Payments
O-CITY, the automated fare collection provider by BPC, has been accelerating cashless fare collection across Kenya by providing a widely popular service, now digitising payments across over 10,000 Matatu buses. This represents a tenfold increase in Matatu buses using the service since its pilot only a couple of years ago during the COVID-19 pandemic.
Klarna Losses Quadruple as Costs Rise
- 4 years 3 weeks ago
- Payments
Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit losses, increased employee costs and investment in market expansion. In a letter to shareholders, CEO Sebastian Siemiatkowski says the firm has been "operating in a very different environment" in the first half of 2022 as it faced up to the fallout from Russia's invasion of Ukraine, the economic downturn and a "huge shift in investor... more
ReceiptHero to Roll Out Eco-friendly Digital Receipting Solution Using Payments Platform as a Service (PPaaS) from Ingenico
- 4 years 3 weeks ago
- Payments
ReceiptHero today announces a major new partnership with Ingenico, a Worldline brand, allowing acquirers and other payment service providers to enable ReceiptHero’s digital receipt solution across their merchant networks using Ingenico’s new cloud-based solution, Payments Platform as a Service (PPaaS). PPaaS enables a ‘one-to-many’ integration of payment solutions for thousands of acquirers, helping ReceiptHero to scale its operations rapidly... more
Thunes and Alipay+ Partner to Connect European Merchants with Hundreds of Millions of Asian Consumers
- 4 years 3 weeks ago
- Payments
Thunes, a global cross-border payments company, today announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group. Thanks to this collaboration, Thunes’ customers and merchants in Europe will now be able to accept Asia’s most popular mobile wallets:
Spreedly and PPRO Partner to Offer Access to Extensive Local Payment Methods Portfolio
- 4 years 3 weeks ago
- Payments
Spreedly, the provider of the leading Payment Orchestration platform, and PPRO, the leading provider of digital payments infrastructure, announced today a partnership to offer a diverse portfolio of alternative / local payment methods (APM / LPMs) through the Spreedly platform.
MultiPass teams up with Moorwand and Tribe to Deliver Payment Cards for European Business Clients
- 4 years 3 weeks ago
- Payments
MultiPass, a UK-based bank challenger specialising in multi-currency cross-border payments, partners with Moorwand, a payments solutions provider offering BIN sponsorship and issuing services, and payments processor Tribe Payments, to launch corporate payment cards.
PayEd Launches World’s First Global Payments Education Platform
- 4 years 3 weeks ago
- Payments
PayEd – Education in Payments has launched today, offering the world’s first comprehensive online learning platform for the payments sector. Established by Irish payments veteran John Ryan, the new educational service aims to fill the knowledge gap in the sector and help people launch a career in payments and to offer practical training for the disadvantaged, and those who operate and manage payments systems and want better outcomes.
After Acquiring 50,000+ Users Pre-Launch, SlayPay Eyes on Aggressive Growth
- 4 years 4 weeks ago
- Payments
Recently launched fintech app Slaypay - India’s first credit score booster app, is all set to disrupt the Indian BFSI market. Slaypay assists users in improving their credit scores while earning them 9% returns on their investments. Slaypay aims to assist Indian youth in establishing and improving their credit scores so that they can qualify for better loans at more favourable interest rates in the future.
New Partnership Means Funds in Minutes for Students Facing Hardship
- 4 years 4 weeks ago
- Payments
More than a third of students find themselves running out of money before the end of term, with almost 1 in 5 (18%) students relying on their grant, hardship loan, bursary or scholarship to pay their rent A new payment solution can help reduce the time students have to wait to receive these payments.
FIS Launches Tools For Central Bank To Create Digital Currencies (CBDC)
- 4 years 4 weeks ago
- Payments
FIS has launched a new central infrastructure payment solution, RealNet Central, to help central banks transform their markets to digital-first, real-time payment economies.
An Analysis by PayCly - Why is it Necessary to Choose an Ideal International Payment Gateway for your Business?
- 4 years 4 weeks ago
- Payments
World trade exceeded $28.5 trillion in 2021, and global e-commerce has played a significant role in achieving this target by reaching a level of $4.9 trillion, equivalent to 17% of the total global trade, according to a UNCTAD report. This is an eye-opening stat, but how the internet economy blows up is true.
NearPay Launches Virtual Crypto Cards and Wallet Apps for iOS and Android
- 4 years 1 month ago
- Payments
NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android to bring the modern digital banking experience to the world of crypto.
