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January 10, 2020 BY Mariela Naydenova

PayU acquires a controlling stake in PaySense - new doors into the Indian lending industry

PayU is a fintech company that offers payment technology and services to online merchants. Founded in 2002 and headquartered in the Netherlands, PayU is now in the process of acquiring a majority stake in PaySense, which is an Indian digital credit platform. The estimated equity valuation is around $185 million. According to the Economic Times,…

ATFX teams up with major payment providers for LATAM and the Middle East

January 10, 2020 BY Valentina Kirilova

LHV Bank to provide FinTechs with access to instant pound and euro payments

LHV, the fintech focused bank and payment services provider, has just announced that it has commenced providing real-time pound payments via the UK’s Faster Payments scheme. The bank is now providing real time euro payments via Single Euro Payment Area Instant (SEPA Instant) and processing pound (Faster Payments) payments. The pound payments service has been…

December 20, 2019 BY Valentina Kirilova

AEVI report sees 2020 as a year of consolidation for merchant services

The European market has witnessed a great deal of growth and change over the past decade in the area of merchant services and mobile payment apps. A new report from AEVI, a German-based company that enables better cooperation among banks, acquirers, and merchants, states that the industry has matured to the extent that 2020 may…

December 13, 2019 BY Valentina Kirilova

Ingenico Group strategists highlight one dozen payment trends for 2020

Veterans of the payment industry can remember the advent of point-of-sale electronic terminals back in the early eighties, and one of the early pioneers in this effort to automate merchant acceptance of payment cards was Ingenico. The Ingenico Group, headquartered in Paris, France, has grown and prospered with the industry over the past four decades.…

December 12, 2019 BY Valentina Kirilova

JPMorgan to launch blockchain payment network in Japan in January

JPMorgan’s interest in blockchain technology received a great deal of press back in February of this year, when we reported that it would be “the first major bank to embrace the crypto revolution in a significant way by issuing its own proprietary stablecoin to speed up cross-border payments and gain other operating efficiencies, as well”.…

December 10, 2019 BY Valentina Kirilova

Visa and MoneyGram team up for cross-border debit card push payments

MoneyGram International, Inc. (NASDAQ:MGI) will team up with Visa Inc. (NYSE:V) to enhance its person-to-person (P2P) debit card deposit service internationally. The pilot program will initially focus on payments to Spain and to the Philippines. Plans are to expand to other jurisdictions soon thereafter. MoneyGram, like its direct competitor Western Union, has always tried to…

November 29, 2019 BY Valentina Kirilova

Skrill adds crypto-to-crypto buy and sell feature to its offering

Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…

November 29, 2019 BY Valentina Kirilova

Europe and Russia moving to build alternative to Visa and Mastercard

For veterans of the payment industry, it is beginning to be “Déjà vu” all over again. In the early days of Visa and Mastercard, back in the seventies, there were ongoing payment wars between the two U.S.-based card associations and banks in Europe, which preferred their home-grown services, dubbed EuroCheque and Europay at the time,…

November 25, 2019 BY Valentina Kirilova

NIUM partners with Brazilian bank for Ripple-based global payments

NIUM, a digital payments platform formerly branded as InstaReM and based in Singapore, has announced that it will be supporting Frente Corretora de Câmbio, a foreign exchange broker in Brazil, in its plans to expand its cross-border payments business. The significance of the announcement is that NIUM is also a member of RippleNet, and its…

How will Google’s Cache product leverage banking links for unique value?

November 15, 2019 BY Mariela Naydenova

Google to offer personal checking accounts, Citi and Stanford partner on the project

Alphabet Inc's Google just announced that it will start offering personal checking accounts in 2020 via its Google Pay application, a project supported by Citigroup and a credit union at Stanford University. The information comes from Reuters. The project is named Cache and is a direct rival to Apple and Facebook, two giants who are…

Category: Payments

PayU acquires a controlling stake in PaySense - new doors into the Indian lending industry

LHV Bank to provide FinTechs with access to instant pound and euro payments

AEVI report sees 2020 as a year of consolidation for merchant services

Ingenico Group strategists highlight one dozen payment trends for 2020

JPMorgan to launch blockchain payment network in Japan in January

Visa and MoneyGram team up for cross-border debit card push payments

Skrill adds crypto-to-crypto buy and sell feature to its offering

Europe and Russia moving to build alternative to Visa and Mastercard

NIUM partners with Brazilian bank for Ripple-based global payments

Google to offer personal checking accounts, Citi and Stanford partner on the project

Wise Reports 24% Volume Growth in Q3

CAB Payments to Cut 20% of Workforce

IG Group Acquires Freetrade in £160m Deal

Equiti Gains In-Principle Approval to Launch Investment Fund

Euro Route to Romanian Bond Market Opened by Clearstream