Category: Payments

FCA wants to improve conduct and communications in payment services and e-money firms
August 01, 2018 BY Valentina Kirilova

FCA to improve conduct in payment services and e-money sectors

The Financial Conduct Authority (FCA) has just informed the public that it is consulting on rules and guidance to improve conduct standards and communications in the payment services and e-money sectors. The Consultation Paper proposes to extend the application of the Principles for Businesses and certain specific rules about promotions and communications so that they…

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July 30, 2018 BY Valentina Kirilova

ZED Network partners with IdentityMind Global

Integrated global payments platform ZED Network has announced a strategic partnership agreement with IdentityMind Global™, Digital Identities You Can Trust, whereby ZED Network will use IdentityMind Global’s Version 2.0 platform to meet know your customer (KYC) and anti-money laundering (AML) compliance requirements for ZED Network Money Transfer Operators (MTO) worldwide. We’re pleased to work with…

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Naspers' PayU acquires online payments provider Zooz for $80M
July 23, 2018 BY Valentina Kirilova

Naspers' PayU acquires online payments provider Zooz for $80M

Netherlands-headquartered online payment company PayU has just announced the acquisition of Israeli payments technology platform ZOOZ. The deal supports PayU’s ongoing expansion into high growth markets and targets the $994 billion opportunity in cross border payments. The ZOOZ acquisition is for an undisclosed amount but brings PayU’s total sum of investments and acquisitions in global…

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Snaitech migrated end-to-end payment processing infrastructure to SafeCharge
July 18, 2018 BY Valentina Kirilova

Snaitech migrates its end-to-end payment processing infrastructure to SafeCharge

SafeCharge (LON:SCH), a payment technology company, has announced that Snaitech (BIT:SNA), one of the largest Italian gaming operators, has migrated its entire end-to-end payment processing infrastructure to the SafeCharge Payments Engine. Snaitech has selected SafeCharge to improve the user experience for millions of players. Snaitech is a leader in betting retail and among the main…

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July 13, 2018 BY LeapRate Staff

SafeCharge reports good momentum in revenues driven by new customer wins in 1H-2018

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has issued a brief trading update for the first half of 2018, indicating "good momentum in revenues" and transaction processing volumes in H1, driven by new customer wins. Following the first quarter of 2018, SafeCharge stated that the company generated record revenues and transaction processing volumes…

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Tempo builds global payment network for cryptocurrencies
July 12, 2018 BY Valentina Kirilova

Tempo builds global payment network for cryptocurrencies

Tempo, the crypto payment network simplifying the exchange process from crypto to fiat, has just announced that it is creating a payment network of any licensed crypto exchange globally. Operating on the Stellar DEX as the principal European anchor for Stellar, Tempo brings ease to crypto trading by facilitating the process on its online platform…

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saxo bank banking circle sold eqt
July 09, 2018 BY LeapRate Staff

Saxo Bank sells Banking Circle to Swedish PE firm EQT

Copenhagen based Retail FX brokerage group Saxo Bank is continuing a radical makeover of the company and jettisoning of non-core assets, agreeing to sell its Banking Circle payments unit to Swedish private equity firm EQT partners. The parties did not disclose a price for the transaction. Prending regulatory approval, the sale is expected to close…

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Crypto.com finally gets a home in Monaco Visa card rebrand
July 06, 2018 BY Valentina Kirilova

Crypto.com finally gets a home in Monaco Visa card rebrand

Monaco, the pioneering cryptocurrency and financial services firm, has announced its rebrand to CRYPTO.com, reflecting its mission to accelerate the global development, adoption, and transition to cryptocurrency. Its integrated portfolio of premium consumer cryptocurrency products previously known as Monaco — including the wallet app and Visa payment cards — will be branded as MCO to…

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