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Payment processors/providers/gateways
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412

Stripe launches Stripe Capital to make instant loan offers to customers on its platform

via TechCrunch

Stripe has made the long-awaited move into business finance and launched Stripe Capital, a service for advancing cash to customers that in turn gets repaid out of their future sales made through Stripe’s payment platform, with loan amounts and repayments based on the customer’s transaction activity on Stripe itself. (more…)

Payment processors/providers/gateways, SME

September 5, 2019

658

Monese Announces New Collaboration With PayPal

via Crowdfund Insider

Digital challenger bank Monese announced on Thursday it has formed a new collaboration with payments platform giant PayPal. Monese reported that customers in the UK will be able to do the following:

  • Link Monese and PayPal accounts, to manage PayPal balance and transactions in the Monese app
  • Seamlessly add Monese card to PayPal digital wallet to buy from, and send money to, PayPal’s 277 million consumers and merchants around the world
  • Easily select Monese as preferred way to pay within PayPal wallet

(more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

July 5, 2019

1319

Stripe acquires Touchtech, updates APIs to prep for strong customer authentication in Europe

via TechCrunch 

Stripe, the payments powerhouse that is now valued at $22.5 billion, has made an acquisition to help it gear up for new regulations in Europe that will be rolled out later this year to improve security in online transactions. It has acquired Touchtech Payments, a startup out of Ireland that works with banks to help them build and manage Strong Customer Authentication, a verification process that will typically require customers to provide two different forms of authentication from card holders in order to process transactions. SCA will be required on most transactions in Europe from September 14 of this year.

Alongside this, Stripe itself is updating its APIs, partly in line with these changes. This will include a new default payments API, a new checkout and upgraded billing. (more…)

Open Source/ API, Payment processors/providers/gateways

April 17, 2019

1066

Klarna launches Open Banking platform

via Finextra

Klarna, one of Europe’s leading payment providers and the global market leader in payment initiation services, announces the launch of its own Open Banking Platform.

This platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna’s XS2A API is the most established and proven solution that has been developed at scale across markets for almost 15 years through the Klarna Group company Sofort.

(more…)

Fintech news, Open Source/ API, Payment processors/providers/gateways

March 28, 2019

521

Rewire helps migrants in Europe with $12m funding

via FinTech Futures 

Rewire, the fintech that developed a banking platform for migrants, has completed a Series A investment round of $12 million.

This latest round, led by venture fund Viola Fintech, is supported by new and existing investors, including BNP Paribas through their venture capital fund Opera Tech Ventures, OurCrowd, Moneta, Professor Yair Tauman, Yaron Lemelbaum, Leon Vaidman and partner Standard Bank of South Africa.

Rewire provides an international banking platform for migrants who transfer most of their income to their countries of origin. (more…)

Banks, Payment processors/providers/gateways

March 28, 2019

1088

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

via CoinDesk

Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies.

In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations. (more…)

Cryptocurrencies, Fintech news, Payment processors/providers/gateways

March 18, 2019

1075

Azimo expands its money transfer service from the Nordic countries

by Azimo,

Digital money transfer company Azimo has added 10 new countries to its service for customers in Nordic countries. (more…)

Payment processors/providers/gateways, Remittances

July 6, 2018

Why Ant Financial-backed Dana may struggle to catch up with other Indonesian payments apps

Copyright: idspopd / 123RF Stock Photo

Ant Financial, which has risen to become one of the world’s biggest private tech firms with a reported valuation of US$150 billion, is best known for its digital payments platform Alipay. But the Alibaba unit is sitting on a treasure trove of data that allows it to also offer mobile financial services like loans and insurance. Now Ant is trying to take this success overseas. (more…)

Payment processors/providers/gateways

July 2, 2018

1292

Korean payments app Toss raises $40m

Viva Republica, Korea’s foremost fintech startup and maker of financial services app Toss, announced today that it has completed a $40 million round of funding from GIC and Sequoia China, bringing the company’s total amount of funding raised to $116 million. (more…)

Global trends, Government activities, Payment processors/providers/gateways

June 19, 2018

1047

Ant Financial lands $14bn investment for Alipay’s global march

Ant Financial has signed agreements with investors for its Series C equity financing totalling nearly $14 billion. (more…)

Payment processors/providers/gateways

June 12, 2018

1236

Starling seeks new funding; dumps TransferWise

UK challenger Starling Bank is reportedly in the early stages of raising £80 million in new funding as it rounds out its business banking offering and competes for a £120 million grant from the RBS bail-out fund. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

May 31, 2018

UK challenger bank Starling seeks £80m funding

UK challenger bank Starling is looking to raise £80 million in its latest quest for funding – and it has ended its relationship with TransferWise(more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

May 31, 2018

953

PayPal acquires AI predictive retail startup Jetlore

Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. (more…)

Global trends, Payment processors/providers/gateways, Payment systems

May 30, 2018

1613

PayPal and Google bind payment rails

PayPal and Google are extending their relationship across the search giant’s entire ecosystem, including Gmail, YouTube, Google Pay and Google Store. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

May 25, 2018

1455

Adyen confirms plans for IPO

Payments processor Adyen is chasing a $9 billion valuation after confirming its intent to sell 15% of its shares in an IPO on Euronext Amsterdam. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 25, 2018

1048

Payoneer makes moves to simplify the way US SMBs pay and get paid globally

By Payoneer,

Payoneer, an innovative cross-border payments company transforming the way businesses send and receive funds globally, announced today new investment and support for US sellers and SMBs that address the unique needs of American businesses doing business globally. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

May 16, 2018

Credorax launches innovation lab to take on transaction fraud

By Credorax

Credorax, a leading technology company turned licensed European bank, today unveiled the Credorax Innovation Lab. Designed to solve online payment issues faced by merchants, the Innovation Lab works with partners to develop solutions which utilise the power of AI, data science, payment fraud prevention techniques and technologies. (more…)

Hotnews, Payment processors/providers/gateways

May 10, 2018

Paytm Canada launches bill pay rewards programme

Paytm Canada, a payments and financial services company that offers a mobile payments and commerce platform, today announced the launch of the first-of-its kind rewards platform where consumers earn points and cash back through any method of payment. (more…)

Global trends, Payment processors/providers/gateways

April 12, 2018

1280

PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead

By Sarah Perez for Techcrunch

PayPal  is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch in the first half of 2018, following consumer testing. (more…)

Banks, Fintech news, Hotnews, Payment processors/providers/gateways

April 10, 2018

Braintree Extend launches

By Braintree,

World-class commerce experiences are increasingly dependent upon partnerships. Whether it’s partnering with a payments service provider, a rewards platform, a content platform, a social platform, or even other merchants, the goal for many is the same: optimize the user experience and help drive growth for your business. (more…)

Fintech news, Global trends, Influences FinTech, Payment processors/providers/gateways

March 28, 2018

1143

Adyen launches POS offering in Singapore

By Adyen,

Adyen, the payments platform of choice for the world’s leading companies, today announced the launch of its point of sale (POS) offering in Singapore, extending its unified commerce footprint to 27 countries and more than 4,000 cities. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

March 15, 2018

1206

Square’s Cash app now supports direct deposits for your paycheck

By Fitz Tepper for TechCrunch

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. (more…)

Deals, Global trends, Payment processors/providers/gateways

March 8, 2018

1389

Google is bringing messaging to its Tez payment app in India

By Jon Russel for TechCrunch

Messaging and payments continue to converge in India after Google added chat features to its Tez payment app in India. (more…)

Hotnews, InspirAsia, Payment processors/providers/gateways

March 7, 2018

1203

Amazon talks to banks over checking account – WSJ

By Wsj,

Amazon has begun talking to banks, including JPMorgan Chase and Capital One, about developing a checking account-style product for its millions of customers, according to the Wall Street Journal. (more…)

Hotnews, Payment processors/providers/gateways

March 5, 2018

1992

C2FO closes $100m funding round

By C2FO,

C2FO, the world’s largest market for working capital, has completed a $100MM funding round led by Allianz X and Mubadala Investment Company, along with strong participation from existing C2FO investors: Temasek, Union Square Ventures, and Mithril Capital. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

February 28, 2018

1266

Wirecard digitizes banking services for ReiseBank’s bankomo app

By Wirecard,

Wirecard, the digital financial technology specialist, is today expanding its collaboration with ReiseBank, the market leader in the field of travel money in Germany. (more…)

Global trends, Payment processors/providers/gateways

February 15, 2018

1246

PayPal Here mPOS hardware gets makeover

PayPal is shipping two new mPOS devices, one which accepts card swipe transactions and another for chip and tap payments. (more…)

Payment processors/providers/gateways

February 8, 2018

Paytm Canada partners Payment Source

Paytm Canada, a payments and financial services company that offers a mobile payments and commerce platform, has partnered with Payment Source an alternative payments provider. (more…)

Payment processors/providers/gateways

February 6, 2018

1549

Startup Intrapay promises fresh approach to payments processing

Intrapay today introduced its purpose-built payment platform to the global payments sector, backed by a management team comprising some of the leading figures in the industry. (more…)

Hotnews, Payment processors/providers/gateways

February 5, 2018

1666

PayPal stutters as eBay scraps 15-year relationship

Digital auction house eBay is terminating a 15-year relationship with PayPal and instead turning to Amsterdam-based Adyen as its primary payments provider at the checkout. (more…)

Global trends, p2p-payments, Payment processors/providers/gateways

February 2, 2018