US fintech funding round-up: Deposits, Highline & Kasisto
The latest recipients of funding in the US fintech space.
PayTech
Reserve Bank of India lifts onboarding restrictions on American Express
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
Poland’s BLIK mobile payment system goes international with Viamo acquisition
Viamo provides peer-to-peer (P2P) and business payment services in Slovakia.
The role of the payments industry in saving people and planet
Changing the way we make payments can have a substantial positive impact on our society’s carbon emissions.
PayTech Awards 2022 Winners Supplement out now
Commending the most impactful, innovative and successful projects, products and people in payments.
Nationwide partners Moneyhub for open banking payments tech
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
Binance teams up with Mastercard for crypto payments card in Argentina
The Binance Card will convert crypto to fiat currency in real time at the point of purchase.
The ‘stablecoin spring’: how new UK rules signpost the future of payments
The Financial Services and Markets Bill signals the next stage of the UK’s efforts to regulate digital assets.
The 11th NextGen Payments & RegTech Forum gathers international experts in Athens
The event is set to take place on 21-22 September 2022 at the Marriott Hotel in Athens, Greece.
DPO Group co-founder and CEO Eran Feinstein retires
As Feinstein retires, Brandon Williamson has been appointed regional managing director for acquiring in South Africa.
Paytech start-up CabbagePay launches in the US
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
US paytech Celero snaps up Community Bankers Merchant Services
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
Paytech firm Elavon hires Hemlata Narasimhan as president of European operations
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
Gravity Payments CEO Dan Price resigns, Tammi Kroll to take over
Gravity’s new CEO thanked Price for “his time forming and leading” the company.
How open banking payments will help businesses keep up
With open banking, businesses have what they need to provide a frictionless checkout experience.
ICYMI fintech funding round-up: Farther, BankiFi, Highbeam and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
PayTech Awards 2022 Winner: Gr4vy – Best Cloud Payments Solution
Gr4vy is the only payment orchestration platform built natively in the cloud with dependable cloud-native serverless infrastructure.
Remitly set to acquire Israeli fintech Rewire for $80m
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Lithuania’s OKEO taps Mambu for multi-currency payments offering
Founded in 2019, OKEO provides payment services and IBAN accounts for businesses in Europe.
Crypto ecosystem Nebeus partners Modulr to bridge fiat and crypto
Nebeus will be able to issue branded virtual and physical cards across the UK and Europe.
Paytech consultancy Focused Labs joins Stripe partner ecosystem
Focused Labs builds custom software products and integrations, including core payments infrastructure.
Paytech Nium appoints Ramana Satyavarapu as new CTO
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
Cornerstone FS appoints payments veteran James Hickman as CEO
Hickman has more than 19 years’ worth of experience within the payments industry.
New debit card fintech Seltz gears up for launch in the US
There are currently over 1,300 sign-ups for the debit card’s waitlist.
AstroPay promotes Sofia Lanza to chief banking officer, appoints new CFO
Founded in 2009, AstroPay provides payment solutions and digital wallet services across the globe.
Marqeta founder and CEO Jason Gardner to step down
Gardner plans to take on the role of executive chairman once the firm hires his replacement.
Central Payments lands $30m, spins out from Central Bank of Kansas City
The bank will continue as an investor, issuer and strategic partner.
What comes after cashless?
Data lies at the heart of the financial services sector’s digital transformation.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
US paytech Finix lands $30m funding at increased valuation
Finix raised the capital at an increased valuation “despite the more challenging economic environment this year”.
State of play: BNPL
BNPL has become one of the most divisive credit products of the modern age.
PayTech Awards 2022 Winner: Crezco – Best Real-Time Payments Solution for Business
Get paid faster and reconcile invoices automatically with instant open banking payments.
Jack Henry snaps up Payrailz for undisclosed sum
The acquisition is expected to close on 31 August 2022.
Klarpay AG CEO on bridging the gap between online companies and transactional banking
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
KeyBank taps BlueSnap to facilitate cross-border e-commerce payments
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
Digital makes the world go round: a reflection
We have the tools and resources to do more, and to do better, but more action is needed.
PayTech Awards 2022 Winner: BHMI & Payshop – Editor’s Choice
Payshop runs on BHMI’s Concourse – a unified payments back office solution.
FTC files complaint against paytech First American over alleged “harmful practices”
Under a proposed federal court order, First American will have to return $4.9m to affected businesses.
Payments veteran Steve Ledford retires, leaves The Clearing House
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
B2B paytech Plastiq to list publicly following SPAC merger
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
