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Online payment solutions provider PayU has announced that it received in-principal approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).
SMEs, merchant, online payments, payment methods, payments aggregator
acquisition, merger, The Paypers Quarterly Analysis series, banking, payments , ecommerce, cryptocurrency, fintech
The Canadian government has revealed its plans to introduce a legislation to establish the foundational elements of an Open Banking Framework.
Open Banking, regulation, financial services, data sharing
UK-based LHV Bank has increased its share capital by GBP 21 million in a bid to support its growth endeavours.
investment, funding, banks, expansion
India-based Cashfree Payments has announced the launch of its RiskShield product, to offer merchants the possibility to curb cyber payment frauds in real-time.
product launch, fraud management, fraud detection, fraud prevention, online fraud, artificial intelligence, machine learning, payments , cybercrime
We had the chance to talk to Ani Sane, Co-Founder and Chief Business Officer of TerraPay, who shared insights into the most pressing challenges and the future of B2B payments.
cross-border payments, ecommerce, B2B payments, marketplace, digital wallet, fintech, banks, FX
Travel technology company Amadeus has announced the acquisition of Voxel, an electronic invoice and B2B payment solution provider, aiming to improve the overall travel payment experience.
acquisition, travel payments, online payments, digital payments, customer experience
The Reserve Bank of India has announced its plans to launch an interoperable payment system for internet banking for faster fund settlements.
product launch, payments , digital payments, online payments, mobile payments, ecommerce, customer experience
Open Finance platform Belvo and digital wallet Nequi have closed an agreement in Colombia within the framework of regulated Open Finance.
Open Finance, digital wallet, data sharing, regulation, financial inclusion
US-based online payments gateway service provider PayPal has registered with the Financial Intelligence Unit – India under Anti-Money Laundering law.
regulation, AML, payments , online payments, mobile payments, digital payments, ecommerce
US-based paytech ConnexPay has partnered with payment network UATP to launch the ConnexPay UATP card, a virtual card designed for travel payments to members of the UATP network.
travel payments, virtual card, B2B payments, payin, payout
Rob Mannamkery from EY highlights financial wellness, real-time analytics, and modular balance sheet services as emerging trends in progressive US Open Banking.
Open Banking, fintech, regulation, banks
Web3 services platform Chainlink has announced it now supports a PYUSD (PayPal’s USD-backed stablecoin issued by Paxos) Price Feed on the Ethereum mainnet.
cryptocurrency, blockchain, Ethereum, DeFi, web3
Open Banking evolves globally: regulatory approaches differ, authentication methods vary, and ecosystem collaboration thrives. Lisa Scott, CEO of Banked : Europe, explores diverse paths to global adoption.
Open Banking, Open Finance, regulation, report
India-based Hitachi Payment Services has rolled out a financial inclusion business to redefine access to financial services for the underbanked and unbanked.
financial inclusion, unbanked, financial services, digitalisation, payments infrastructure
India-based Hitachi Payment Services has completed the purchase of Writer Corporation’s cash management business and brands it Hitachi Cash Management Services.
acquisition, cash management, ATM, retail, merchants, SoftPOS
Don Cardinal, Managing Director at FDX, shares his overview of Open Banking and Open Finance in the United States, diving deep into participants, standards, regulation, and timelines.
Open Banking, Open Finance, report
US-based TD Bank Group (TD) has announced that it entered a North American data-access agreement with data network provider Plaid.
data sharing, data protection, data privacy, data aggregation, API, partnership
India-based payments and API banking company Cashfree Payments has announced the launch of FlowWise, its payment orchestration platform, in the region.
payments orchestration, product launch, payment gateway, payment processing, payments infrastructure
US-based bank Citi has led a strategic investment round in Colombia-based fintech Supra.
SMEs, cross-border payments, payments aggregator, investment, fintech