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Payments
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Navigating the Food Industry’s Unpredictable Commodity Markets
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Navigating the Food Industry’s Unpredictable Commodity Markets
Thought Leadership
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FinTech
PayPal Restores Services After Two-Hour Global Outage Disrupting Crypto and Venmo
2024-11-21T18:48:12.033+02:00
The outage, which began at 1053 GMT, was fixed by 1259 GMT.
Downdetector reported nearly 9,000 user reports of issues by 1226 GMT.
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Payments
Mastercard Aims to Replace Numbers and Passwords with Biometrics by 2030
2024-11-21T13:30:40.286+02:00
The tokenization is reducing cart abandonment, generating $2 billion in sales monthly.
Global adoption of Payment Passkey and Click to Pay enhances secure digital payments.
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FinTech
Ebury Kicks Off as Official FX Partner of C.D. Leganés for Global Transactions
2024-11-08T13:48:56.298+02:00
Founded in 2009, Ebury has over 1,700 employees and operates in 25 countries globally.
The firm offers services in over 130 currencies, including payments, collections, and business lending.
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Payments
Gemini Gains In-Principle Approval from MAS for Cross-Border and Crypto Payment
2024-10-29T13:43:22.486+02:00
Singapore remains central to APAC operations as the firm works towards full MPI licensing.
Earlier this year, Gemini obtained approval from the regulator to launch its services in France.
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Payments
Nium Launches Real-Time Bank Account Verification Across 50 Markets
2024-10-28T16:57:03.314+02:00
The new feature uses a single API for automated checks, aiming to improve efficiency and cut costs.
In 2020, it was estimated that failed payments resulted in a cost of £118.5 billion.
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CryptoCurrency
B2C2 and OpenPayd Partner for Fiat Transactions in Crypto Trade Settlements
2024-10-28T11:33:48.914+02:00
The collaboration allows institutional clients faster fiat onboarding and real-time payment solutions.
With the integration, B2C2 has increased access to BaaS features for its digital asset clients.
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FinTech
Ebury Scores a Deal with Southampton FC to Support SMEs
2024-10-24T14:01:01.532+02:00
The partnership will support the Hampshire SME community through advertising at St Mary’s Stadium.
Operating in 25 countries, the firm provides financial services for international trade needs.
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Thought Leaders
Are You Providing the Safest Payment Methods for Your Clients? Here's How You Can Find Out
2024-10-23T19:18:26.678+02:00
As a business owner, you are ultimately responsible for payment security.
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Retail FX
39% of Retail Investment Firms Cite Excessive FCA Data Requests, Survey Shows
2024-10-23T12:09:24.119+02:00
Retail Banking and Digital Assets firms show the highest trust in FCA’s effectiveness at 71%.
The survey includes responses from 25,000 firms across various financial sectors.
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FinTech
Real-Time Payments to Boost Global GDP by 74% in Five Years
2024-10-21T15:17:18.862+02:00
ACI Worldwide’s research showed that real-time payments contributed $164 billion to global GDP.
Real-time payments are also promoting financial inclusion, with over 167 million new bank accounts expected to be created by 2028.
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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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