Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Samsung Pay expands to mobile banking in South Korea

Samsung plans to make Samsung Pay more versatile in South Korea with a feature that will let users initiate funds transfers at two banks, according to local reports. Customers from Shinhan and Woori banks soon will have the ability to...

WorldRemit raises $40M to expand digital money transfer services

Digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, supporting its plan to serve 10 million customers connected to emerging markets by 2020, according to a press release. The Series C funding round...

MasterCard helps Nairobi merchants with SMS-based micro-loans

MasterCard has unveiled a new platform called Kionect, a digital ordering system that enables small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS, according to a press release. Orders submitted via a feature phone...

Canadian companies unite to offer digital remittance to India

Three Canadian companies are working together to build a new way of digitally transferring money securely and in real-time from Canadian bank accounts to international high-volume remittance corridors, starting with India, according to a press release. Interac Association and Acxsys...

Fintech startup Payrailz debuts to help small FIs with payments

Payrailz, a digital payments provider offering advanced bill payment and money transfer products to banks and credit unions, has officially launched. The Connecticut-based company wants to help financial institutions succeed by offering a smarter, faster and more engaging payment experience...

Square jumps on the bitcoin bandwagon

Square is dipping its toe into the bitcoin waters and testing support by enabling some Cash app users to buy and sell the cryptocurrency, according to multiple media reports. "We believe cryptocurrency can greatly impact the ability of individuals to...

PayPal launches domestic operations in India

PayPal has launched operations in India at a time when more Indian consumers are using mobile wallets as the government continues to push a cashless society. At launch, Indian consumers can use PayPal to shop online at some of India's...

Apple Pay Cash debuts in beta form

Apple's entry into the crowded mobile person-to-person payments market is now available to iPhone users as part of a beta for an upcoming version of iOS, according to multiple media reports. Users can access Apple Pay Cash via the apps...

TerraPay, Wari form pact for cross-border money transfers to mobile wallets, bank accounts

TerraPay and Wari, a global platform offering digital financial services, are partnering to strengthen the remittances ecosystem in 35 key African markets, according to a press release. The companies said the partnership is aimed at interconnecting the global money transfer...

ICICI Bank launches voice-based remittance service via Money2India mobile app

ICICI Bank, India's largest private sector bank by consolidated assets, has launched what it calls India's first voice-based international remittance service to enable non-resident Indians to send funds to any bank in India. With this new feature in the ICICI...

Japanese companies test new mobile payments service

Mizuho Financial Group Inc. and Mizuho Bank Ltd. have begun proof-of-concept testing for what they call pring, a wallet app for smartphones. Pring Inc., a member of the Metaps Inc.

Visa brings Visa Direct service to Europe

Visa has announced the European launch of Visa Direct, its real-time payments platform that enables companies to leverage Visa's global reach and scale to transform domestic and cross-border payments for businesses and consumers. Visa is working with payment service providers,...

US Bank launches 2 new digital payments products

U.S. Bank this past week announced two new digital payment products that are intended to make it easier for corporate and commercial banking clients to transition from paper to electronic payments, according to a press release. Disbursements via Zelle and...

Beem me up, Australia: Bank JV launches mobile P2P app

The Commonwealth Bank, Westpac, and National Australia Bank have come together to launch a mobile payment app that will enable instant payments for all Australians, including small businesses, regardless of who they bank with, according to a press release. Beem...

Remitly raises $115M in new funding round

Digital remittance company Remitly has agreed to raise up to $115 million in Series D funding, subject to applicable third party and regulatory approvals. The Series D financing will be led by Naspers' fintech investment division PayU, a global online...

Western Union to add MasterCard Send capability to transfer fund to US debit cards

MasterCard and Western Union are working together to integrate MasterCard Send into the Western Union money transfer service, enabling Western Union to deliver funds to virtually all U.S. debit cards, according to a press release. The companies said the alliance opens a new channel for U.S.

Western Union launches "Request Money" bot for Messenger in Philippines

Western Union Company has launched a new money transfer bot that enables money transfer requests through Facebook Messenger in the Philippines, according to a press release. Messenger users in the Philippines can use the bot to request money from friends...

D3 Banking Technology partners with Zelle

D3 Banking Technology is partnering with Zelle to enable its platform with a direct, API-based connection to the bank-owned person-to-person service. "The current P2P landscape is fraught with silos and divisions, often causing a subpar experience for the end user,"...

Venmo acceptance comes to 2M online merchants

Starting this week, Venmo users can shop on their mobile phone and make purchases at more than two million U.S. retailers via the mobile web, according to a press release. The new feature enables Venmo users to shop at millions...

Showing (1 - 20) of 579

Get the latest news & insights


NEWS

RESOURCES

TRENDING

FEATURES

3 trends for 2018: Safer data, faster payments, better experiences