Payments Industry Reacts to Russia’s Invasion of Ukraine and International Sanctions
- 4 years 7 months ago
- Payments
Visa and Mastercard blocked multiple Russian financial institutions (FIs) from their networks to comply with government sanctions imposed after Russia invaded Ukraine, per Reuters. Both payment networks also said they are prepared to comply with any future sanctions. Neither network disclosed which FIs had been cut off, but a source told Reuters they include entities listed by the US as “Specially Designated Nationals.”
Medius Partners With Nomentia to Extend Global Payment and Cash Management Capabilities
- 4 years 7 months ago
- Cash management, Payments
AP Automation and Spend Management Provider partners with payments specialist to simplify and automate payments Medius, a leading provider of AP Automation and wider spend management solutions, today announced that it has entered into a strategic partnership with Nomentia, a leading name in cash and treasury management.
Soldo Launches Google Pay for Customers in the UK and Italy
- 4 years 7 months ago
- Payments
Soldo physical and virtual cards now supports Google Pay in the UK and Italy Soldo, the leading European pay and spend automation platform, today launched Google Pay for customers in the UK and Italy.
UK E-commerce Market Projected to Exceed £260 Billion by 2025, Worldpay from FIS Study Finds
- 4 years 7 months ago
- E-Commerce, Payments
Study shows the UK e-commerce market has grown by over £40 billion in the last four years. By 2025 digital wallets are projected to account for over £90 billion of the UK e-commerce market.
Barclaycard Payments Enhances Precisionpay Go virtual Visa cards with Apple Pay for Secure and Seamless in-store and Online Payments
- 4 years 7 months ago
- Payments
Precisionpay Go virtual Visa cards enable employees to make face-to-face and online payments with Apple Pay The Precisionpay Go app for iPhone and iPad is now available for use outside the United Kingdom, allowing employees to pay in Pound Sterling, Euro, and US Dollar The virtual card solution brings convenience, flexibility and speed to hybrid workforces, and will give businesses increased control and visibility of employee spending
finnCap Cavendish Advises on the Sale of Boku’s Identity Division to Twilio Inc
- 4 years 7 months ago
- Payments
finnCap Cavendish, part of financial advisory firm, finnCap Group plc, is pleased to announce it has advised on the sale of Boku’s Identity division, a wholly-owned subsidiary of Boku Inc, leading mobile payment solutions provider and one of AIM’s largest technology companies, to Twilio, a leading US-based cloud communications platform.
TIS Shares Best Practices and Enables Compliance Capabilities for Customers Impacted by Russian Sanctions
- 4 years 7 months ago
- Payments
Recent sanctions against Russia's banking and political community necessitate thorough screening of all cross-border financial transactions by international businesses TIS, a global leader in enterprise B2B payments, today announced a new initiative to help international businesses mitigate the impact of recent sanctions levied against Russia's banking community and political elite.
Finaro Announces Its Acquisition by the American Leader in Commerce-enabling Technology – Shift4 - in a Deal Valued at $575 Million USD
- 4 years 7 months ago
- Payments
Joining forces with Shift 4 allows both companies to expand their services and provide global merchants a complete offering and a multi-dimensional processing experience unlike any other.
Winklevoss Twins and Global Decacorn Invest in US$29M Series A of Singapore-based FinTech Volopay as it Prepares APAC and MENA Expansion
- 4 years 7 months ago
- Payments
- The enterprise FinOps platform has taken on a strategic investment from global blue-chip investors to drive continued expansion and technology innovation - The Series A funding round comprised participation from JAM Fund, Winklevoss Capital Management, Accial Capital, Rapyd Ventures, Jeffrey Cruttenden - CEO of Acorns along with Access Ventures, Antler Global, and VentureSouq - Volopay plans to strengthen its footprint in APAC and MENA with a... more
PCI Pal® Marks Australian Launch with Senior VP Appointment
- 4 years 7 months ago
- Payments
PCI Pal, (LON:PCIP) – the global provider of cloud-based secure payment solutions – today announced the appointment of Adam Paton as its VP Sales for Australia and New Zealand. The hire marks an important milestone in the company’s continued global expansion.
Lloyds Banking Group and Bink Partner to Create a New Channel for Retailers to Reach Millions of Loyalty Customers
Lloyds Banking Group has entered a strategic partnership with fintech Bink. Together they will transform the way customers of the bank’s retail brands are able to connect with retailers and their reward and loyalty programmes. Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes. This ensures customers are identified and rewarded by retailers every time they shop with their... more
Payment Platform Cheddar Expands into Open Banking With its Acquisition of Upside
The purchase marks the beginning of Cheddar’s move to grow its offering with open banking innovation
Bourgeois Bohème Partners with Moorwand and Payme Swiss to Develop Fintech Products for High-Net-Worth Individuals
- 4 years 7 months ago
- Payments, IT Innovations
New partnership to bring personalised payment products to HNWI and UHNWI audiences
Paga Group Partners With Bank of Abyssinia to Launch Online Payment Gateway Services in Ethiopia
- 4 years 7 months ago
- Payments
Paga Group, a leading mobile payments and financial services company, is delighted to announce its partnership with the Bank of Abyssinia, and its receipt of regulatory approval from the National Bank of Ethiopia to launch its online payment gateway in Ethiopia.
Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100m in a Round Led by Lightspeed Venture Partners, Valuing the Company at $1bn
- 4 years 7 months ago
- Payments
● The additional funding extends Payhawk’s Series B round to $215m. This comes only three months after the first wave of Payhawk’s Series B, which was the second largest Series B for a B2B company in Central and Eastern Europe ● The company has raised an additional $100m in a round led by Lightspeed Venture Partners at a valuation of $1bn. As a result, Payhawk becomes the first ever Bulgarian unicorn
