Payments General

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Pannovate teams up with Salt Edge to deliver PSD2 compliance

Payments General | 03 Apr 2020 08:30 CET | United Kingdom

Pannovate, a UK-based payment and digital banking technology company, has partnered up with Salt Edge to enable the latter deliver PSD2 compliance to its clients.

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COVID-19 crisis highlights need for real-time payments, ACI report

Payments General | 03 Apr 2020 08:06 CET | World

More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ACI Worldwide and Global Data....

CTBC Bank partners with Aegis

Payments General | 02 Apr 2020 14:48 CET | World

Aegis has partnered with CTBC Bank to launch bundle factoring, REITs and equity investment in asset digitalisation to tap into channels for cash flow.
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Xinja partners Aviatrix for multi-cloud network architecture

Payments General | 02 Apr 2020 14:40 CET | Australia

Aviatrix, a multi-cloud networking company, has announced that Australia-based Xinja Bank is using its AVX Cloud Networking Platform.
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Western Union expands digital remittances services

Payments General | 02 Apr 2020 14:25 CET | World

Remittance company Western Union has increased the reach of its digital money transfer services to more than 75 countries, reports Electronic Payments International.

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ABN Amro to offer a credit facility to its commercial banking clients

Payments General | 02 Apr 2020 14:25 CET | Netherlands

Amsterdam-based ABN Amro has announced that it will offer a credit facility to its commercial banking clients who have been affected by the COVID-19 outbreak.
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Azimo forms partnership with Siam Commercial Bank

Payments General | 02 Apr 2020 13:20 CET | Thailand

Azimo has formed a partnership with Thailand’s Siam Commercial Bank to make transfers faster and cheaper. 
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MYHSM partners OpenWay to accelerate digital payments in the cloud

Payments General | 01 Apr 2020 14:28 CET | World

MYHSM, a provider of Payment HSM as a Service, has partnered with OpenWay to accelerate the move of digital payments into the cloud. 
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Pelican, Banking Labs bring AI-based payments and compliance solutions to the Canadian market

Payments General | 01 Apr 2020 13:00 CET | Canada

Pelican, a provider of payments and financial crime compliance solutions for banks and corporates, has signed a partnership agreement with Banking Labs in Canada. 
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PayPal announces new measures on fees, repayments to help merchants

Payments General | 01 Apr 2020 11:43 CET | World

PayPal Holdings has announced a set of relief measures to help its more than 24 million merchants around the world impacted by the coronavirus pandemic.
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Banking industry puts forward its vision for future-driven EU payments market

Payments General | 01 Apr 2020 10:38 CET | Europe

European Banking Federation (EBF), European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) – have issued a new publication that provides a vision of how the EU retail payments framework can move forward. 
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Indian Bank announces a cut in its lending rates

Payments General | 01 Apr 2020 06:33 CET | India

Following a 0.75% reduction in the repo rate announced by the Reserve Bank (RBI), Indian Bank has decided to cut its lending rates....

Microsoft announces Money in Excel powered by Plaid

Payments General | 31 Mar 2020 11:55 CET | United States

US-based fintech Plaid has announced it is working with Microsoft to develop Money in Excel app....

EBA identifies trends and lessons learned in financial education and literacy initiatives

Payments General | 31 Mar 2020 10:40 CET | Europe

The European Banking Authority (EBA) has published its second edition of the Financial Education Report (FER).

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Standard Chartered commits USD 1 bln to finance companies helping to tackle Covid-19

Payments General | 31 Mar 2020 10:11 CET | World

Standard Chartered has announced that it will commit USD1 billion of financing for companies that provide goods and services to help the fight against Covid-19, and those planning the switch into making products that are in high demand to fight the global pandemic. 
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FIs shift consumers, employees to digital channels, SRM survey reveals

Payments General | 31 Mar 2020 09:24 CET | United States

SRM (Strategic Resource Management) has polled its bank and credit union clients and prospect base to understand their early response and evolving strategy for combating the effects of COVID-19 in the US on their operations.

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Digital banking service One selects Finxact's Core-as-a-Service

Payments General | 31 Mar 2020 08:28 CET | United States

One, a new digital banking app, has selected Finxact, a provider of Core-as-a-Service banking solutions, to power its service.

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SDK.finance announces 1-year payment deferral for fintech software

Payments General | 30 Mar 2020 14:51 CET | Europe

SDK.finance, a financial technology provider, has announced a 1-year payment deferral for all companies with financial licenses issued by any country of the European Union and the UK. 
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Nexon launches fintech platform company

Payments General | 30 Mar 2020 14:20 CET | Korea, Democratic People's Republic of

The founder Nexon, has launched a fintech platform company that should provide easy-to-use investment and financial transaction services. 
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phyre closes a EUR 1.55 mln funding round

Payments General | 30 Mar 2020 14:06 CET | Bulgaria

Phyre, a Bulgaria-based fintech, has secured EUR 1.55 million in a funding round led by VC fund, New Vision 3 Fund and the Bulgarian American Credit Bank
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People's Bank of China rejoins global monetary easing wave

Payments General | 30 Mar 2020 09:32 CET | China

The People’s Bank of China (PBOC) has slushed the interest rate it charges on loans to banks by the biggest amount since 2015, according to CPI Financial....

Thailandese bank to use Ripple rails for new instant payments app

Payments General | 30 Mar 2020 08:26 CET | Thailand

Thailand’s Siam Commercial Bank (SCB) has been building a new app that uses Ripple’s payments technology to allow tourists to pay for goods and services without needing to convert currencies....

Egyptian banks instructed to temporary limit withdrawals and deposits

Payments General | 30 Mar 2020 08:05 CET | Egypt

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits.

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Western Union launches 'Digital Location' service

Payments General | 27 Mar 2020 13:38 CET | Europe

Western Union has announced the launch of ‘Digital Location’, a money transfer personal-service assistant who will help users through the transaction.
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Revolut and Trussell Trust partner to support families during COVID-19

Payments General | 27 Mar 2020 13:34 CET | United Kingdom

Revolut has partnered with the Trussell Trust food network to support vulnerable families during COVID-19.
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