B2B payments should have the same convenience as B2C payments
B2B payments have been neglected, cross-border B2B payments more so. It is time they caught up.
PayTech
Indian fintech PhonePe names Ritesh Pai as CEO of international payments
Pai joins PhonePe from TerraPay, where he served as president of product and solutions for three years.
Form3 strengthens board with appointment of Anil Arora as non-executive director
Form3 hopes to leverage Arora’s “significant experience” in founding and scaling up fintech companies.
US paytech Kindcard eyes up OpenTransact acquisition
New York-based OpenTransact is a self-serve banking platform built to support high-risk businesses.
JP Morgan and Viva Wallet reportedly collide over board appointments
JP Morgan acquired a 48.5% stake in Viva Wallet in December 2022 for $800 million.
2023: Top five payments stories of the year
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
Visa to acquire majority stake in Mexican payment processor Prosa
The deal, for an undisclosed sum, is expected to close in the second half of 2024.
Central Bank of Colombia partners ACI Worldwide for real-time payments system
The central bank will leverage the partnership to launch a real-time payments ecosystem in 2025.
Flutterwave makes several new exec appointments focusing on risk, compliance and partnerships
The company has appointed Amaresh Mohan, Amanda Ortega and Stephen Cheng to executive roles.
Video: Highlights from the Banking Tech Awards 2023
Watch the highlights from an incredible evening celebrating the best and brightest in banking technology and fintech.
E-invoicing in Europe 2024: a country by country policy overview
Delving into the mandates, legal changes and harmonisation efforts in B2B and B2G e-invoicing in Europe.
Splitit delists from ASX as Motive Partners snaps up controlling stake
Motive Partners will invest two $25 million tranches as part of its growth commitment to the Aussie firm.
The Clearing House appoints former Truist EVP Sal Karakaplan as new chief strategy officer
He brings over 25 years of experience to TCH following stints at Truist, JP Morgan and Mastercard.
Former Marqeta SVP Jeff Parker joins Paymentology as new CEO
Parker stepped down from his position as SVP and managing director at Marqeta last month.
Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services
Rhodes succeeds former CEO and president Roger Hochschild, who stepped down with immediate effect in August.
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
CSI names financial services veteran Troy Bradley as new CTO
Bradley brings more than 35 years of experience leading product and technology teams across banking and payments.
John O’Beirne takes the reins as executive director of Square’s Europe operations
O’Beirne joins from Bank of Ireland, where he spent almost 20 years in various senior roles.
Eurosystem eyes up alternative payment solutions in latest retail payments strategy update
The aim of the strategy is to “develop pan-European solutions for payments at the point of interaction”.
How Europe’s PSPs are bracing for SEPA instant payments
The European Parliament approved final implementation deadlines for SEPA instant payments on 7 November.
Congratulations to the winners of the Banking Tech Awards 2023
Check out the winners and highly commended from the 24th annual Banking Tech Awards ceremony.
UK fintech Paysend lands $65m in fresh funding round
The round includes strategic investments as well as participation from existing investors.
Denmark’s Mazepay taps ex-Mastercard exec Kevin Stanton to lead US drive
Stanton previously spent the best part of two decades in senior roles at Mastercard.
French paytech Worldline lands Payment Institution licence from UK’s FCA
Worldline had previously been operating under the FCA’s Temporary Permission Regime, which will end on 30 December.
Berkshire Hathaway sells stake in India’s Paytm for $165m
The exit sets Berkshire Hathaway up for a loss of around 40% on its investment.
UK government publishes findings from the Future of Payments Review
Commissioned by the UK chancellor and launched in July this year, the report has been authored by Joe Garner.
Reimagining agribusiness in Africa with VeryPay’s e-wallet companion solution
The journey for VeryPay is not just about facilitating transactions; it’s a profound movement towards reshaping and enriching lives.
A glance ahead: the European payments landscape in 2024
2024 is set to be a year of innovation and change for the European payments landscape.
Marqeta SVP and managing director Jeff Parker steps down
Marqeta hired Parker in September 2022 to build out its international go-to-market and operational functions.
Irish paytech NomuPay acquires UK-based PSP Total Processing
Total Processing provides payment solutions to merchants in Europe, North America and MENA.
UAE fintech start-up Dosh Payments gears up for full launch, lands tech licence from ADGM
Claiming to be the Middle East’s first social payments app, Dosh Payments has been building in stealth since 2021.
Crypto payments firm BCB Group names Oliver Tonkin as new CEO
Tonkin co-founded the firm with Oliver von Landsberg-Sadie, who he will succeed as CEO.
Mastercard’s joint venture receives approval to commence domestic payments in China
Mastercard’s JV received formal approval from the People’s Bank of China.
Klarna prepares for SEPA instant payments with Form3 partnership
The agreement will directly connect Klarna to STEP2 and the gross settlement payment system RT1.
Checkout.com appoints Mariano Albera as new chief technology officer
Albera has been with Checkout.com for the last three years, serving as senior vice president of engineering.
French digital accounting start-up Indy lands €40m Series C funding
The round was led by European private equity firm BlackFin Capital Partners.
Advent International snaps up UK paytech myPOS
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
Apple Pay rolls out new open banking feature for UK customers
Apple Pay’s UK customers can access their “most relevant” account information at the time of purchase.
Dutch payment processor Silverflow lands $16.3m funding
Picus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round.
Regulators approve ex-UK cabinet minister Gavin Williamson’s appointment to Lanistar advisory board
Williamson is expected to be paid in the company’s shares, and will meet its executive committee once a month.
