Articles with tag: repayment

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Greece-based bank loans subject to COVID-19 repayment relief hit USD 37 bln in 2020

News | Payments General | 06 Jan 2021

Greece-based banks have deferred repayments on USD 36.85 billion worth of loans in 2020 to help borrowers cope with the financial fallout of the COVID-19 pandemic, according to Yahoo Finance.

Greece, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority

Banks report an increased use of COVID-19 moratoria and public guarantees

News | Payments General | 23 Nov 2020

The European Banking Authority (EBA) has published a first assessment of the use of COVID-19 moratoria and public guarantees across the EU banking sector.

COVID-19, loans, banks, EBA, moratoria, public guarantees, loan repayments, public guarantee schemes, fiscal measures

Loans issued via AI underwriting to reach USD 315 bln by 2025

News | Payments General | 03 Nov 2020

A new study from Juniper Research has found that the value of unsecured loans issued via AI underwriting platforms will reach USD 315 billion in 2025, up from just USD 24 billion in 2020. 

Juniper Research, study, AI, loans, lending, banks, repayments

Two debt restructuring schemes launched to help distressed SMEs

News | E-invoicing, SCF & E-procurement | 02 Nov 2020

SMEs in financial distress because of the Covid-19 pandemic will be able to access the Sole Proprietors and Partnerships (SPP) Scheme and Extended Support Scheme - Customised (ESS-C) to restructure credit facilities and debts owed to multiple lenders.

SMEs, finance, COVID-19, banks, loans, SMEs, lending, repayments

FCA highlights continued support for consumers struggling with payments

News | Payments General | 23 Oct 2020

The Financial Conduct Authority has urged consumers struggling to make repayments due to the impact of coronavirus (Covid-19) to speak to their lenders about options available to them. 

Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments, bills

The UK Chancelor of the Exchequer extends CBILS

News | Payments General | 28 Sep 2020

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

EBA to gradually stop loan repayments guidelines

News | Payments General | 22 Sep 2020

The European Banking Authority (EBA) has made plans to phase out its Guidelines on legislative and non-legislative payment moratoria in accordance with its end of September 2020 deadline.  

EBA, Europe, legislative loan repayments, non-legislative loan repayments, guidelines, payment moratoria, European Banking Authority, covid-19, pandemic, regulatory framework, banks, loans

Flipkart launches B2B marketplace for kiranas and small sellers

News | Ecommerce | 01 Sep 2020

Walmart-owned Flipkart has launched operations of its B2B marketplace for kiranas and small sellers, called Flipkart Wholesale.

Walmart, Flipkart, launch, B2B, marketplace, kiranas, Flipkart Wholesale, Delhi, Gurugram, Bengaluru, Flipkart Wholesale’s Easy Credit, repayment behaviour, ecommerce

PayPal rolls out instalment payments programme in France

News | Online Payments | 03 Jul 2020

PayPal has launched an online instalment payments programme to help France-based SMEs during the coronavirus pandemic.

PayPal, launch, instalment payments, France, SMEs, instalments, repayments, purchase protection, bank card, merchant, Paiement en 4X, online payments, coronavirus

Bank of Ireland swings to USD 261 mln loss amid COVID-19 pandemic

News | Payments General | 11 May 2020

Bank of Ireland has reported a USD 261 million loss after taking an impairment charge related to loan repayment breaks for customers in Ireland and Britain.

Bank of Ireland, impairment charge, Ireland, Britain, covid19, pandemic, loan repayment breaks, Tier 1 capital ratio, CET1 ratio, Ireland, Europe

FCA proposes credit-card payment freeze and GBP 500 overdraft for all

News | Cards | 03 Apr 2020

The UK’s Financial Conduct Authority has said that loan and credit card repayments could be frozen for three months.

Financial Conduct Authority, United Kingdom, overdraft, online accounts, online payments, credit card repayments, COVID-19, coronavirus,

PayPal announces new measures on fees, repayments to help merchants

News | Payments General | 01 Apr 2020

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.

PayPal, fees, repayments, COVID-19, coronavirus, loans, chargeback, merchants, banks, accounts, cards

Berkeley Payments rolls out DirectSend to support businesses transfer funds in real-time

News | Online Payments | 31 Jan 2020

Berkeley Payments, a global payments solution provider, has launched DirectSend, a payments platform that supports real-time transfers.

Berkeley Payments, global payments solution provider, DirectSend, 3D Secure 2 0, debt repayment, prepaid cards, Canada, product launch

Rev19 acquires Renaissance Associates and PurePayments

News | Online Payments | 20 Nov 2019

Rev19, a provider in integrated payment solutions, has acquired Renaissance Associates, a privately owned and self-financed merchant service provider, and PurePayments, a pioneer in payment technology and processing solutions.

Rev19, acquisition, Renaissance Associates, PurePayments, payments, merchants

Yandex.Checkout, Renault team up for new online payment experience

News | Online Payments | 19 Jul 2019

Yandex.Checkout has partnered with Renault to develop a payment scenario for Renault.ru online store and enable the full payment for a car.

Yandex.Checkout, Renault, online payments, prepayment

Yandex.Checkout provides online prepayments for Tesla

News | Online Payments | 15 Mar 2019

Yandex.Checkout has announced that it starts offering Russian customers the opportunity to make an online preorder and an advance payment for Tesla Model Y.

Yandex.Checkout, online prepayments, online payments, Tesla, Russia

Alipay to impose fees on credit card payments

News | Cards | 21 Feb 2019

Alibaba`s payment arm Alipay has announced it will start charging a fee on credit card repayments starting from March 2019.

Alipay, China, fees, credit card payments, repayments, cards, Alibaba

Optiv releases SecurePayment@Optiv to optimize payments security

News | Digital Identity, Security & Online Fraud | 26 Sep 2018

Optiv Security, a global security solutions integrator, has launched SecurePayment@Optiv to support the risk-centric security strategy across the entire payment lifecycle.

Optiv Security, peoduct launch, SecurePayment@Optiv, payments security, fraud prevention, PCI DSS, merchants, cyber risk

Yandex.Checkout, BMW Group Russia partner for online prepayments

News | Online Payments | 03 Aug 2018

Yandex.Checkout and BMW Group Russia have partnered to offer online prepayments for MINI online showroom’s MINI Cooper S cars in Russia.

Yandex.Checkout, BMW Group, Russia, online prepayments, bank card