Articles with tag: funds

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Missfresh raises USD 305 mln in strategic investment

News | Ecommerce | 14 Dec 2020

China-based online grocery startup Missfresh has raised USD 305.6 million in strategic investment from a Qingdao government-guided consortium.

Missfresh, China, Asia, fund raises, funds, investment, strategic investment, ecommerce

CHAI raises USD 60 mln in Series B funding

News | Ecommerce | 10 Dec 2020

South Korea-based payments company CHAI has raised USD 60 million in a Series B financing round by Hanwha Investment & Securities.

CHAI, Hanwha Investment & Securities, fund raiser, funds, funding, Series B, payments, credit cards, wire transfers, and digital wallets

Flutterwave launches refund policy for online shoppers

News | Ecommerce | 26 Nov 2020

US-based PSP Flutterwave has announced the launch of the Payment Protection Promise, a new refund policy to protect customers when shopping online on its payment platform. 

Flutterwave, product launch, Nigeria, Africa, Payment Protection Promise, refunds, online shopping, merchants

Xoom expands US domestic transfer services to debit cards and bank accounts

News | Payments General | 20 Nov 2020

Xoom, a PayPal service, has announced an expansion of its domestic money transfer services in the US, allowing customers to send money directly to a US bank account or debit card.

Xoom, money transfers, debit card, PayPal, US, digital transactions, funds, pre paid mobile phones, cash pickup

MercadoLibre is following Alibaba's steps

News | Ecommerce | 22 Oct 2020

LATAM ecommerce firm MercadoLibre has acknowledged taking inspiration from Alibaba, seeing Ant Financial and their investment fund as a model to follow.

MercadoLibre, Alibaba, LATAM, ecommerce, Mercado Pago, investment funds

Galileo, Save team up to process USD 7 bln in funds and transactions

News | Payments General | 15 Oct 2020

US-based fintech Save and payments processing platform Galileo have partnered to use Galileo's API-based platform to process transactions and funding of Save customers.

Galileo, Save, funds, transactions, processing, API, platform, payments, funding, fintech, Chime, Greenlight, MoneyLion, Monzo, Revolut, SoFi, TransferWise, Save Market Savings Account, Save Debit Invest, card, banks, FDIC

RBI announces RTGS to run 24x7 from December 2020

News | Payments General | 12 Oct 2020

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

RBI, RTGS, Reserve Bank of India, real time gross settlement, India, online payments, transfers, funds, real time transfers, gross settlement, National Electronica Funds Transfer, NEFT, electronic payments, bank branches

Amazon India partners with IRCTC to offer train ticket booking feature

News | Mobile Payments | 09 Oct 2020

Amazon India has announced a partnership with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide their customers with the ability to book train tickets on its platform.

Amazon, India, mobile payments, Amazon Pay, refunds, electronic wallet

Wirecard to cease payment services in Singapore, MAS directive

News | Online Payments | 02 Oct 2020

The Monetary Authority of Singapore (MAS) has directed Wirecard entities to cease their payment services in Singapore, according to straitstimes.com.

MAS, Wirecard, payment services, Singapore, payment services, Monetary Authority of Singapore, customer funds, Germany, digital payments, bankruptcy, bank accounts, Phillipines, APAC, Asia Pacific, Pasir Panjang, Wirecard SG, merchants, e-payments, Nets, PayNow, SGQR, pre-paid cards, credit cards, card payments

ID Exchange rolls out Open Banking platform for fintechs

News | Digital Identity, Security & Online Fraud | 29 Sep 2020

Australia-based privacy and data-sharing tech firm ID Exchange has provided access to a plug-and-play data-sharing Open Banking platform to help fintechs.

ID Exchange, Open Banking platform, fintechs, Australia, open banking, data-sharing, utility platforms, digi.me, New Zealand, app developers, hyper personalised services, data flow channels, banks, super funds, social channels, Facebook, Twitter, Instagram, Spotify

Valentus, Realio to tokenize USD +250 mln fund

News | Cryptocurrencies | 25 Sep 2020

Technology ecosystem for institutional-grade digital assets Realio and Valentus Capital Management have partnered to enable the digitisation of an array of private equity opportunities.

Valentus, Realio, Valentus Capital Management, tokenization, tokens, fund, private equity, equity, finance, trade finance, real estate, credit, Wall Street, Main Street, digitisation, private equity firm, hedge funds, blockchain, p2p investments, compliance, automation, p2p trading

ClearBank adds multi-currency bank accounts offering via API

News | Online & Mobile Banking | 17 Sep 2020

UK-based cloud-based clearing bank ClearBank has incorporated the possibility to offer multi-currency bank accounts through JP Morgan's API.

ClearBank, API, multi-currency bank accounts, bank accounts, cloud-based, clearing bank, funds, real-time foreign exchange, foreign exchange, FX, interbank rates, liquidity, cash flows, fund transfer, third party accounts, JP Morgan, FX liquidity, client funds

Mastercard forms Supply Chain Digitisation alliance with partners

News | E-invoicing, SCF & E-procurement | 09 Sep 2020

Mastercard, N-Frnds, SGeBIZ, and Finastra have partnered with the Asian Development Bank (ADB) to provide funds for small and medium enterprises (SMEs) in Asia.

Mastercard, supply chain, digitisation, alliance, N-Frnds, SGeBIZ, Finastra, Asian Development Bank, ADB, SMEs, Asia, covid-19, pandemic, MSBs, banks, trade networks, supplier, demander, funds, International Chamber of Commerce, fintech

Pro Payments, BigCommerce, Intuit QuickBooks help merchants to efficiently sync online payments

News | Online Payments | 09 Sep 2020

Pro Payments has announced that its platform takes advantage of the new integration between BigCommerce and QuickBooks.

Pro Payments, BigCommerce, QuickBooks, merchant, payment gateways, Authorize.net, Apple Pay, Amazon Pay, Adyen, Chase Payments, Elavon, NMI, Square, Stripe, PayPal, taxes, refunds, discounts, shipping, QuickBooks Online, QuickBooks Payments, Cash Discount Program, credit card, processing fees

HSBC Global Asset Management, Pollination partner for joint venture

News | E-invoicing, SCF & E-procurement | 27 Aug 2020

HSBC Global Asset Management and climate change advisory and investment company Pollination have entered into a joint venture agreement.

HSBC Global Asset Management, Pollination, joint venture, climate change, investment, HSBC Pollination Climate Asset Management, natural capital manager, natural capital, investments, wealth funds, pension funds, insurers

Fintech investment deals edge higher in the first half of 2020 compared to 2019, Accenture

News | Payments General | 27 Aug 2020

The total value of fintech deals globally has risen 3.8%, to USD 23.1 billion from USD 22.3 billion in the first half of 2019, even as the COVID-19 pandemic spread around the world.

fintech, insurtech, lending, investments, Europe, US, China, banking, VC, fundsing, statistics, Stripe, Revolut, Accenture

UK-based Mode launches Bitcoin transfers

News | Cryptocurrencies | 24 Aug 2020

Fintech Mode has launched an instant Bitcoin transfers feature, as part of its mission to open up access to the world of digital assets.

Mode, Bitcoin, Bitcoin transfers, UK, fintech, digital assets, Mode app, GBP funds, open banking, faster payments, transactions, referral link, fees

Mastercard, AptPay partner for disbursements across multiple industries

News | Payments General | 20 Aug 2020

Mastercard and AptPay have announced the integration of push payments platform Mastercard Send on the AptPay platform to enable funds sending on payment cards or accounts.

Mastercard, AptPay, disbursements, push payments, payments platform, Mastercard Send, payment cards, payment accounts, funds, cash flow management, SMEs, pandemic, insurance, gaming, gig industry, rebate, cash, digital payments, bank accounts, prepaid cards, digital wallets

China-based P2P lenders report USD 115 bln in losses due to scams

News | Digital Identity, Security & Online Fraud | 17 Aug 2020

Peer to peer (P2P) investors based in China have reported losses of over USD 115 billion in unpaid debt, due to failed lending platforms.

China, P2P lending, lenders, P2P lenders, scams, losses, unpaid debt, lending platforms, Chinese Banking Regulatory Commission, regulators, funds, investigations, scammers, fraudulent schemes

Westpac to form new group operating office, following money laundering accusations

News | Digital Identity, Security & Online Fraud | 28 Jul 2020

Westpac has announced the creation of a new group operating office, following money laundering accusations.

Westpac, money laundering, Austrac, banks, fraud prevention, international funds transfers, human error, Australia