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RappiPay secures USD 112 mln to boost financial inclusion

News | Online & Mobile Banking | 26 Sep 2022

RappiPay, Colombian Banco Davivienda and Rappi’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.

mobile payments, online platform, mobile banking, bank transfer, online banking, money transfer, product upgrade, funding, financial services, financial inclusion

Are all account-to-account (A2A) payments Open Banking Payments?

Voice of the Industry | Online Payments | 16 Aug 2022

David Parker, the founder and CEO of Polymath Consulting, clarifies the difference between account-to-account payments and Open Banking payments.

account-to-account payment, Open Banking payments, real-time payments, bank transfer

Wise launches INTERAC e-transfer request money in Canada

News | Online Payments | 15 Aug 2022

Formerly known as Transferwise, fintech Wise has introduced its new INTERAC e-transfer request money feature to its users in Canada, providing a more convenient way to move money into their Wise wallets.

FX , money transfer, bank transfer, cross-border payments, transactions , online payments, cash flow, instant payments

Trustly partners Conotoxia to boost money transfer services in North America

News | Online Payments | 11 Aug 2022

Sweden-based fintech for Open Banking payments, Trustly, has partnered with Conotoxia, a multi-currency company from Poland, to provide users with a fast, secure, and safe way to transfer funds internationally through their bank accounts. 

partnership, payment processing, cross-border payments, money transfer, bank transfer, investment, digitalisation

How fintech is changing international remittance and expanding business

Voice of the Industry | Digital Identity, Security & Online Fraud | 11 Jul 2022

Kenny Tsang, Managing Director of PingPong Payments, discusses how businesses can mitigate the risk of payments fraud by embracing financial technology.

fintech, fraud detection, fraud management, online fraud, payment fraud, money transfer, bank transfer, SMEs

Stripe reduces bank transfers friction for UK, EU, and Mexican businesses

News | Online & Mobile Banking | 27 Jun 2022

US-based payments processor Stripe has offered augmented bank transfers for businesses in the UK, EU, and Mexico.

bank transfer, reconciliation, digitalisation, payment methods, Open Banking

Stripe launches new bank transfer proposition

News | Online & Mobile Banking | 21 Jun 2022

Stripe has launched a new bank transfer proposition in the UK and other markets, which aims to erase the operational pain of receiving and manually reconciling transfers for businesses.

banks, bank transfer, product launch, digitalisation, digital banking

Payhawk announces expanded Enterprise Suite 2.0 with Oracle NetSuite integration

News | E-invoicing, SCF & E-procurement | 07 Jun 2022

Germany-based financial system that combines various payment capabilities in one integrated platform, Payhawk, has announced the second iteration of its Enterprise Suite.

online platform, platform, product upgrade, ERP, e-invoicing, payments , bank transfer

ECB pushes digital coin despite mixed feelings from population

News | Online & Mobile Banking | 18 May 2022

The European Central Bank has released another working paper on the digital euro, despite Europeans’ concerns regarding a central bank digital currency (CBDC)

central bank, digital euro, digital currency, cash, cashless, regulation, bank transfer, GDPR, CBDC

Medtech Medeor integrates payments for general practice in New Zealand

News | Online Payments | 06 May 2022

Australia-based provider of General Practice Management Systems (PMS), Medtech Global, has extended towards the healthcare system by launching its latest PMS in New Zealand. 

cash management, e-invoicing, settlement, payments , mobile payments, reconciliation, bank transfer

Citi launches SEPA Instant Payments in Europe

News | Online Payments | 04 May 2022

Banking group Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, increasing the bank’s global instant payments offer.

SEPA, SEPA Direct Debit, SEPA API Access Scheme, cross-border payments, instant payments, online banking, money transfer, bank transfer

Juni launches with new identity and products

News | Online & Mobile Banking | 21 Apr 2022

Sweden-based neobank Juni has emerged out of beta with a new brand identity and product features.

neobanks, bank transfer, ecommerce, product upgrade, fintech

Tintra subsidiary granted Mauritius Payment Intermediary Services License

News | Online Payments | 22 Apr 2022

UK-based regtech Tintra’s subsidiary Trintra Payments Mauritius has received a Payments Intermediary Services License from Mauritius Financial Services.

payment processing, online payments, bank transfer, artificial intelligence, Web 3.0

Stripe launches Konbini and Furikomi payments in Japan

News | Payments General | 18 Apr 2022

Stripe has announced it supports two forms of payments in Japan, bank transfer method Furikomi and convenience store payment option Konbini.

Stripe, local payment method, bank transfer, recurring payments, refund, payment methods

SOFORT and Brite Payments launch European instant payout partnership

News | Online Payments | 12 Apr 2022

Germany-based provider of online bank transfers SOFORT has announced an Open Banking partnership with instant payment provider, Brite Payments.

Open Banking, instant payments, bank transfer, partnership, payment methods

FIS report: PIX to increase bank transfers recurrence in Brazil

News | Ecommerce | 18 Mar 2022

US-based fintech services company Fidelity National Information Services (FIS) has released ‘The Global Payments Report’ in which states that the use of PIX in ecommerce will double by 2025, in Brazil.

PIX, FIS, bank transfer, local payment method, ecommerce, online payments

The AIIB suspends its activity with Russia

News | Online & Mobile Banking | 08 Mar 2022

China-based Asian Infrastructure Investment Bank (AIIB) has decided to suspend all its activities related to Russia and Belarus as a consequence of the war in Ukraine.

Russia Ukraine War, banking, banks, bank transfer

Japan freezes Russia Central Bank's assets

News | Online & Mobile Banking | 01 Mar 2022

Japan has announced on 1 March 2022 that it joined the US and its international allies in imposing additional sanctions to the Russian Federation, amid the conflict in Ukraine.

central bank, financial services, financial institutions, bank account, bank transfer, transaction monitoring, Russia Ukraine War

Paysera to stop Russian transfers and shut down Russian client accounts

News | Online & Mobile Banking | 24 Feb 2022

Lithuania-based financial technology company Paysera has announced its intention to no longer process transactions in RUB, amid the current tensions between Russia and Ukraine.

financial services, online banking, compliance, money transfer, bank transfer, transaction monitoring

TranSwap granted EMI authorisation in the UK

News | Online Payments | 11 Feb 2022

Singapore-based fintech TranSwap has announced that it received authorisation from the Financial Conduct Authority (FCA) to conduct payment activities as an Electronic Money Institution (EMI) in the UK.

bank transfer, money transfer, regulation, FCA, Monetary Authority of Singapore (MAS), cross-border payments, PaaS, payments