Articles with tag like: 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

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

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

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

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

USD 8.3 mln raised by ID.me for biometrics and ID checks

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

During the pandemic, digital identity verification company ID.me has raised new capital worth some USD 8.3 million, out of a USD 12.5 million equity offering joined by 32 investors.

ID.me, selfie biometrics, ID checks, equity, funds, capital raised, digital identity verification, online payments, identity proofing, authentication, digital wallet, COVID-19, pandemic, coronavirus

Currencycloud, TranSwap partner to launch Global Borderless Virtual Account

News | Payments General | 12 Jun 2020

Singapore-based cross-border payments platform TranSwap has partnered with B2B cross-border solutions provider Currencycloud to deliver the GBVA to their customers.

Currencycloud, TranSwap, GBVA, Currencycloud Spark, B2B, cross-border, payments, currencies, funds, Singapore, Hong Kong

FCA invites payments companies to draft guidance on protecting customers' money

News | Digital Identity, Security & Online Fraud | 26 May 2020

The FCA has launched a consultation on additional guidance for payments companies to strengthen the way in which they look after customers’ money.

FCA, payments, security, funds, money remittances, UK, PSP, payment companies

Zapaygo reaches GBP 515,000 funds in latest funding round

News | Mobile Payments | 25 May 2020

UK-based ordering and payment mobile app Zapaygo has announced reaching GBP 515,000 via its equity crowdfunding campaign on Crowdcube.

Zapaygo, funds, Crowdcube, crowdfunding campaign, market, mobile payments, Zapaygo Delivered

FX trading, forex licensing, and fraud - Exclusive interview with Cyprus Securities and Exchange Commission

Interviews | Payments General | 18 May 2020

Demetra Kalogerou, Chairwoman of Cyprus Securities and Exchange Commission, discusses CySEC `s mission, the process of licensing forex brokers, forex scams, payments, and how Covid-19 is impacting the FX trading and crypto industry

CySEC, Demetra Kalogerou, forex brokers, forex scams, payments, FX trading, licensing, COVID-19, regulations, legislation, supervision, policymaking, CIF, FCA, FINMA, investors, funds, money laundering, terrorist financing, foreign exchange market

MercadoLibre to fund over USD 700 mln in Brazil

News | Ecommerce | 06 May 2020

Argentina-based ecommerce company MercadoLibre has planned to invest USD 717 million in Brazil.

MercadoLibre, ecommerce, funds, Brazil, online shopping

Bitfinex aims to recover USD 800 mln in user funds seized by authorities

News | Cryptocurrencies | 04 May 2020

Bitfinex crypto exchange has been trying to recover over USD 800 mln in user funds seized by legal authorities in different states after its payment processor’s bank accounts were frozen.

Bitfinex, Crypto Capital, Tether, cryptocurrency, money laundering, illegal activities, US, funds

Grab pushes for safer payments with cashless services

News | Online Payments | 23 Apr 2020

Grab has revealed it pushes for safer payments with GrabPay as it doubles down on more cashless services that will enable Filipinos to keep up with their daily expenses in a secured manner. 

GrabPay, cashless services, safe, payments, the Philippines, mobile wallet, delivery, Transfer, funds, QR code, checkout

NIUM, Geoswift partner to allow overseas customers to remit funds into China

News | Online Payments | 21 Apr 2020

Global fintech platform NIUM has partnered with Geoswift to enable overseas customers to remit money into China. 

fintech, Nium, partnership, Geoswift, remittance, funds, China, online payments, banks, UnionPay, financial institutions, SME

ECB and Riksbank to support RIX-INST, Sweden's instant payment

News | Payments General | 06 Apr 2020

European Central Bank (ECB) along with the Eurosystem and Sveriges Riksbank has partnered to support Swedish instant payment service, RIX-INST.

ECB, Riksbank, Sweden, instant payments, RIX-INST, monetary authority, Eurozone, EU, tips, transfers, funds, e-payments

HMBradley launches its digital banking platform

News | Online & Mobile Banking | 01 Apr 2020

HMBradley has launched its digital banking platform after raising EUR 3.5 million in November 2019. 

HMBradley, digital banking, APY, plans, funds, Federal Deposit Insurance Corporation, Hatch Bank, California, Firstrust Bank, ATMs, credit