Uphold Introduces Commission-Free Cryptocurrency Trading, And The World’s Easiest User Interface
- 5 years 4 months ago
- Trading Systems, Cryptocurrencies
Leading digital money platform Uphold today introduces zero-commission trading on cryptocurrencies in a milestone for the industry designed to open up affordable access to one of the world’s most important new asset classes for millions of retail investors.
Virus Spreads Risk Aversion, Buoying Haven Dollar, Yen & Swissie
- 5 years 4 months ago
- e-Payments, Risk Management
Growing concern over the deadly coronavirus and its potential to squeeze global growth drove traders into safer bets like the U.S., Japanese and Swiss currencies. The yen climbed to three-week highs against the greenback, while the U.S. unit notched new multiweek peaks against the euro, Canadian dollar and Mexican peso. The Aussie and kiwi dollars, currencies with close ties to all things China, were among the worst performers with losses of... more
Over 60% of Millennials Are Using ‘Buy Now, Pay Later’ Services When Shopping, Kearney Research Shows
- 5 years 4 months ago
- Payments, Consultancy
Analysis from global consulting partnership Kearney has found a growing appetite for point of sale (PoS) credit finance – otherwise known as ‘buy now, pay later’ – among younger UK consumers, with over 60% (67%) of Millennials now using this service. While 42% of Millennials have used a ‘buy now, pay later’ service more than once in recent years, they’re not the only shoppers using these services. A majority of consumers in Generation X (57... more
Apple Pay Coming to Curve Customers Across Europe
Curve, the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.
PrePay Solutions becomes PPS
- 5 years 4 months ago
- Payments
PrePay Solutions subsidiary of Edenred, the everyday companion for people at work, today announces its rebrand as PPS. PPS, founder and innovator in prepaid cards, has in the last 5 years grown the market in the fintech services including banking, virtual cards, debit, credit and prepaid processing. As a result of this expansion the company will now be formally known as PPS, a moniker already well known in the industry.
Form3 opens up direct access to SEPA Instant payment scheme to nonbank financial institutions with Ebury as the first customer
Form3, the leading cloud-native, payment technology provider have announced that they will provide direct access to the SEPA Instant payment scheme for Ebury. This will be the first solution in Europe that allows direct scheme access for non-banks like FinTech’s and regulated financial institutions, while using Barclays as their liquidity provider.
Nets Teams Up with Bankify in Open Banking Partnership
- 5 years 4 months ago
- Payments
Bankify, a Finnish fintech company, and Nets, a leader in the payments industry, have entered into a strategic partnership that enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform.
One In Five People Could Have Access To Central Bank Digital Currencies Within Three Years
- 5 years 4 months ago
- Cryptocurrencies
Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.
Visa Joins $80m Currencycloud Funding Round
- 5 years 4 months ago
- Payments
London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.
eNett International Signs Definitive Agreement to be Acquired by WEX
eNett International, a leading provider of integrated B2B payment solutions for the travel industry, has entered into a definitive agreement to be acquired by WEX Inc. (NYSE: WEX), a leading financial technology service provider. The transaction also includes the acquisition of Optal, a shareholder of eNett and the primary issuer of eNett payments.
Pine Labs announces investment from Mastercard
- 5 years 4 months ago
- Investment Management, Payments
Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment by Mastercard that underscores confidence in India’s growing economy. The investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the region. The collaboration will deliver an extensive range of card and real-time payments-based instalment financing at checkout – in-store and online.
SoFi Supercharges its Debit and Credit Cards with Mastercard
- 5 years 4 months ago
- Payments
SoFi, the digital personal finance company, and Mastercard today announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members.
MUFG Union Bank Launches Real-Time Payments for Clients on the RTP® Network
- 5 years 4 months ago
- Payments
MUFG Union Bank N.A.
Europeans spend €4 trillion per year on payment cards
- 5 years 4 months ago
- Payments
Expenditure on European payment cards has grown by a third since 2014 to reach €3.9 trillion, as cards are used increasingly for everyday purchases Rapidly rising usage spurs card spending RBR’s latest research, Payment Cards Issuing and Acquiring Europe 2020, shows that in 2018 cardholders in the UK, France and Germany spent the most, with the total increasing by 26%, 19% and 22% respectively since 2014. The fourth largest market, Russia, saw... more
Visa Takes 'Access To Cash' Programme Industry-Wide
- 5 years 4 months ago
- Payments
Visa is taking its 'access to cash' programme industry-wide, working with partner banks to offer high street retailers in remote and rural locations a fee for processing cashback transactions over the counter. The introduction of the UK-wide programme follows a year-long trial with Lloyds Bank, which offered rewards to retailers in return for providing cashback services. The initiative comes in the wake of a backlash over the creation of 'cash... more
