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Payments
Stripe and FreedomPay Collaborate for Enterprise Solutions over 1,000 POS Systems
2024-10-09T18:41:12.954+02:00
The collaboration allows companies to integrate Stripe’s payment tools with FreedomPay-supported card readers.
Stripe is investing in contactless payment solutions like Tap to Pay on Android and in new NFC applications.
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Executive Moves
Former Tickmill and INFINOX Compliance Officer Launches Own FX Company
2024-10-09T14:48:09.800+02:00
Misano operated as a side project, and now Toby Dyke focuses on it 100%.
As he states in an interview with Finance Magnates, he “missed the client interaction.”
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FinTech
Wirex Pay Rolls Out Non-Custodial Wallet for Global Crypto Transactions
2024-10-09T11:47:31.070+02:00
The app's early access is now live for select users, allowing crypto payments in over 200 countries.
The platform uses ID verification to protect accounts and grant users control over their assets.
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Payments
Revolut Pursues Banking License in Colombia Following Mexico Approval
2024-10-08T18:50:55.904+02:00
The company plans to invest about $35.6 million and hire 30–50 employees in Colombia.
The firm expects to bring its services online in Colombia within 18 months.
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Executive Moves
Open Banking Firm Trustly Names Adam Miller as Group CFO
2024-10-08T10:00:00.000+02:00
He previously worked for Deliveroo for seven years, assisting with its stock market launch.
The new CEO also has extensive experience in high-growth tech companies.
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Payments
The Future of Digital Payment Trends Heading into 2025
2024-10-02T08:07:00.000+02:00
Can the pace of innovation reconcile growing demands in 2025?
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Payments
Stripe Scales Up with New Toronto Office amid 50% Growth in Payment Volume
2024-09-27T10:28:33.717+02:00
The firm offers products like Tap to Pay on iPhone and usage-based billing to assist Canadian businesses.
The company is hiring for engineering, product management, sales, and design roles at its new office.
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FinTech
Revolut Prepares for 2025 Mexico Launch after Obtaining Banking License
2024-09-26T17:18:23.127+02:00
According to the CEO, over 100,000 people are on the waiting list to become customers.
The company plans to offer a no-limit bank account and free international transfers at launch.
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Payments
FCA Wants to Tighten Grip on Regulated Firms to Better Shield Customer Cash
2024-09-25T11:46:23.471+02:00
The UK's regulator has proposed new rules to strengthen safeguarding practices in payments and e-money services.
It plans to replace the current regime with a CASS-style framework, with final interim rules expected in early 2025.
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Payments
Everton FC Strikes a Deal with Corpay to Tackle Forex Challenges
2024-09-24T11:44:31.001+02:00
The partnership aims to improve global payments and supports the daily business needs of the club.
The firm has partnered with football clubs, including Manchester City and AC Milan.
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Payments
MoneyGram Taps dLocal to Roll Out Cross-Border Payments in APAC and EMEA
2024-09-19T15:00:00.000+02:00
The collaboration targets UN goals by reducing remittance fees to below 3%.
In early 2024, the global average cost for cross-border payments stood at 6.35%.
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Payments
OFX Expands in Germany, Eyeing €180 Billion Market
2024-09-18T09:13:53.397+02:00
The Australian company launches a new regional team across multiple cities.
It wants to support German businesses in managing overseas earnings and mitigating currency risks.
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Payments
38% of Payment Advisors Believe AI Will “Decrease Need for Business Analysts”: Report
2024-09-17T15:39:06.767+02:00
SEPA Regulation requires payments to be processed in under 10 seconds, driving infrastructure upgrades.
US is more optimistic about AI reducing headcount, with 42% expecting it versus 34% in the EU, according to RedCompass Labs.
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Payments
Revolut Secures Prepaid Card Authorization in India, Plans 2025 App Launch
2024-09-17T13:44:59.973+02:00
The fintech firm secured RBI authorization this year for prepaid cards and wallets.
The company is increasing its global workforce by 40% to support its expansion.
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Payments
Monzo Becomes First UK Bank to Offer Apple Pay Monthly Payments
2024-09-17T11:33:39.299+02:00
Flex customers on iOS 18 can now spread payments over several months via Apple Pay.
Apple ended its BNPL service and is now partnering with third parties like Monzo and Affirm.
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Payments
Ebury Kicks Off Partnership with AS Monaco for Upcoming Ligue 1 Season
2024-09-11T15:16:37.760+02:00
As part of the partnership, the firm’s branding will be displayed on the club’s training kit.
The firm provides payment services, lending, FX risk management, and Mass Payments solutions.
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Payments
Mastercard Partners with NymCard for Remittance Reach to 47 Countries
2024-09-11T13:23:32.740+02:00
The collaboration expands NymCard's BaaS capabilities and access to Mastercard’s payout network.
The report shows 48% of UAE residents plan to send more cross-border payments.
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Payments
PayPal and Venmo Introduce ENS Integration for Crypto Transfers in the US
2024-09-10T18:00:00.000+02:00
Users can enter ENS names in PayPal and Venmo for wallet address identification.
ENS names will be saved in address books for future transactions and contact recall.
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Payments
Wise Joins AbbeyCross to Improve Connectivity and Rates in FX Payments
2024-09-10T11:47:35.598+02:00
Wise Platform enables cross-border payments in over 40 currencies and 160 countries.
The ABX Platform gives clients single-integration access to multiple FX payment providers.
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Payments
Mastercard Teams Up with Saudi Fintech barq for Digital Payment Services
2024-09-06T11:25:30.260+02:00
barq will leverage Mastercard Gateway technology to provide faster, secure payments.
Earlier, barq partnered with TerraPay for money transfer both domestically and internationally
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Payments
PayPal Expands US Point-of-Sale with 5% Cashback and Apple Wallet Integration
2024-09-05T17:47:53.241+02:00
The firm targets the $4.55 trillion US debit card market with increased cashback.
A report shows 24% of debit cardholders earned cashback in 2023, versus 74% of credit cardholders.
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Mastercard Takes On Fraud with Biometric Passkey Launch in India
2024-08-29T12:28:04.007+02:00
The service replaces traditional passwords and OTPs with fingerprints or facial scans.
It uses tokenization to protect payment and biometric data, reducing the risk of unauthorized access.
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Payments
Retailers Adapt to "Unified Commerce" as Online and Offline Shopping Converge
2024-08-22T14:12:04.487+02:00
Digital wallets are increasingly becoming popular, especially among younger generations, as they offer a convenient way to make payments without physical cash or cards.
The potential introduction of a digital euro by 2028 is expected to simplify, secure, and expedite payments in the euro area.
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Executives
New Trustly CPO Brings Expertise from HSBC’s PayMe to Drive Product Strategy
2024-08-21T16:40:39.158+02:00
Adam D’arcy previously held key roles at Prodigy Finance and MoMo.
He spent three years in Hong Kong as CPO for HSBC's PayMe platform.
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Payments
Swiss Banks Dive Into Instant Payments, Capturing 95% of Retail Transactions
2024-08-21T10:24:09.584+02:00
The SNB expects full adoption of instant payments by all banks by 2026.
Around 60 Swiss banks now process instant payments, enabling transfers within 10 seconds.
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