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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
AI Has a Copyright Problem – Do Decentralized Networks Have a
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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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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FinTech
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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Payments
Swiss Brighty Enters Montenegro, Plans The UK Launch Next
2024-08-20T16:33:07.282+02:00
The company enters its first Western Balkans market, ahead of the country's SEPA integration.
As Finance Magnates learned, the fintech's next move is to open in Great Britain.
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FinTech
Adyen Expands in India with RBI Approval for Online Payment Aggregation
2024-08-15T08:00:44.927+02:00
The Bengaluru hub will support local merchants and tap into India's tech talent.
The platform supports credit, debit, and local payment methods like UPI for transactions.
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FinTech
Flywire Brings In Invoiced to Rev Up B2B Payments and Software Solutions
2024-08-07T10:51:52.712+02:00
The deal is expected to add approximately $2 million in revenue for the fiscal year 2024.
Invoiced’s A/R platform integrates with accounting systems and is recognized by G2 Crowd.
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Payments
Revolut Expands B2B Services to Singapore, Offering Global Payment Solutions
2024-08-06T06:32:54.160+02:00
The firm introduces four business plans in Singapore with free trials.
The B2B platform provides multi-currency accounts, debit cards, and access to over 150 currencies.
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Retail FX
Markets.com Partners with Worldpay to Enhance Online Payment Transactions
2024-08-02T14:33:02.503+02:00
The collaboration aims to improve the trading process for Markets.com’s 4.7 million users.
Worldpay’s processing capabilities will support trading platforms across 146 countries.
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Thought Leaders
Why is Paytiko the Best Payment Platform?
2024-07-30T10:35:41.211+02:00
Paytiko integrates 450+ payment providers, offering secure, seamless payment solutions.
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Payments
Brazil's Leap into Digital Finance: The AI-Powered CBDC Super App
2024-07-29T18:16:52.601+02:00
Drex integrates AI with CBDC for personalized financial solutions in Brazil.
The AI-powered Drex app reflects Brazil's leadership in digital currency adoption.
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Payments
Alipay+ Expands Global Reach Amidst UEFA EURO 2024 Surge
2024-07-24T17:20:26.340+02:00
Alipay+ is now serving 90 million merchants worldwide.
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Payments
ACI Worldwide and Worldpay: Strengthening the Backbone of Global Payments
2024-07-24T17:20:24.644+02:00
ACI and Worldpay's extended partnership boosts efficiency in payment processing.
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Payments
U.S. Bank's Automated Platform: A Game-Changer for Supplier Accounts Receivable
2024-07-24T17:20:22.043+02:00
U.S. Bank's new platform automates supplier accounts receivable, boosting efficiency.
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