The accounts payable e-guide, vol. 1 – no pain, no gain?
Addressing ways to streamline the accounts payable process with digital integrations.
PayTech
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Swift’s ISO 20022 migration set back a year to November 2022
“The new approach will avoid short-lived investments by customers,” says Swift.
Western Union signs up Integral for BankFX system
Integral will deploy in the cloud across Western Union Business Solutions.
Underpinned helps companies pay freelancers with Banked
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
Mastercard and Samsung sign Pay on Demand partnership
The two firms aim to arm businesses in emerging markets.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Nets buys Polish payment provider PeP for $455m
PeP moves to Nets with expected net revenues of roughly $62 milllion for 2020.
Funding Circle plans to cut 125 jobs in Berlin and Amsterdam
P2P firm reacts to poor year in external markets by cutting back.
Payments trends and the “first world unbanked”
Cash is the most inclusive financial instrument, and many firms seem to forget this fact.
SpotOn raises $50 million in Series B featuring former Twitter CEO
Payments firm plans to extend product development.
Neyber sells up to biggest rival Salary Finance
The sale is “understood to have seen Neyber’s assets sold for a meagre sum”.
Western Union refunds $153m for scam victims
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
Paytech firm QRails raises $8m in Series A funding
Colorado-based firm brings total funding raised to $18 million.
Greensill buys Aussie payday advance app Earnd
The acquisition marks Greensill’s move into payday finance.
China leads the way in adoption of ISO 20022 for payments
PBOC published its ISO 20022 migration plan as long ago as 2011.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
US challenger Branch partners Cardtronics to offer fee-free ATM service
Minneapolis-based Branch expands fee-free network.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
Fiserv acquires long-standing partner MerchantPro Express
The two firms have held a partnership since 2009.
China’s Ant Financial buys small stake in Swedish unicorn Klarna
Klarna is already embedded into Alibaba’s AliExpress.
Allied Irish Banks sells remote ATM network to US-based Brink’s Company
Brink’s will deploy its Point Cash solution to the purchased machines.
PayPal migrates “key” infrastructure to Google’s new Salt Lake City data centre
Google Cloud now has 22 data centers across the globe.
Video: Top fintech stories this week – 28 February 2020
FinTech Futures’ weekly news round-up.
PPRO gives Europe’s merchants access to Chinese shoppers with UnionPay
The Chinese ecommerce market is currently valued at more than $1 trillion.
UK paytech Checkout.com buys French start-up ProcessOut
Checkout.com buys another module in the payments process.
Mastercard announces Michael Miebach as incoming CEO
As well as former CEO Banga, chairman Richard Haythornthwaite set to step down.
How Ripple and Azimo are using XRP for remittances in the Philippines
Azimo and Ripple speak to FinTech Futures about their new partnership.
Elavon sells Mexican operations to Santander
Payments firm set to focus on US, Canada, and Europe.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
WeChat Pay boosts UAE footprint with Network International
Network International partners now able to connect to WeChat Pay.
Exclusive: Unite Global gets $5.25m from Svea to launch cross-border payments hub
The new hub will select 8-12 partner banks to deliver global instant payments.
A look ahead to strong customer authentication
It’s vital that we use the year ahead to invest in long-term consumer testing.
