Wise Targets Trillion-Pound Transaction Milestone
Wise, the global money movement firm, has set its sights on processing trillions of pounds in transactions globally, following a strong first half of the year. In its H1 results, Wise reported £215.8 million in net interest income (up ... Read More
UBS Pilots Blockchain-Based Payment System
UBS has successfully completed a pilot of its blockchain-based payment system, UBS Digital Cash, aimed at enhancing the speed and efficiency of cross-border transactions for corporate and institutional clients. The pilot processed ... Read More
OCBC Introduces P2P Pay-to-Wallet Service for Cross-Border Remittances
OCBC has launched a peer-to-peer (P2P) pay-to-wallet service via Visa Direct, allowing customers to send near-instant transfers to Weixin Pay (WeChat Pay) and Alipay using just the recipient’s China national ID and mobile number. OCBC ... Read More
Visa Expands QR Code Payments Across Asia Pacific
Visa is collaborating with several QR payment providers across Asia Pacific to enable cross-border QR payments. The partnerships include Lakala in Mainland China, Touch ‘n Go Digital in Malaysia, FOMO Pay in Singapore, LINE Pay in ... Read More
BNZ Acquires Māori-Led Open Banking Fintech BlinkPay
The Bank of New Zealand (BNZ) has acquired BlinkPay, a Māori-led open banking fintech founded in 2015. BlinkPay connects with local banks to offer a range of services that facilitate open banking payments. As part of the acquisition, ... Read More
Standard Chartered Partners with Wise for Faster Global Remittances
Standard Chartered has teamed up with Wise to enhance cross-border remittance services across Asia and the Middle East. Through this partnership, Standard Chartered’s SC Remit customers will now be able to send money in 21 currencies, ... Read More
NatWest Launches Approval2Buy Virtual Corporate Cards for Business Expenses
NatWest has introduced Approval2Buy, a mobile virtual card payment tool designed to streamline business expenses. Powered by Mastercard’s virtual card and tokenisation technology, Approval2Buy allows companies to instantly generate ... Read More
Fiserv Leads $150 Million Funding Round for Melio, Valuing the SMB Payments Platform at $2 Billion
Melio, a payments platform tailored for small and medium-sized businesses (SMBs), has secured $150 million in a Series E funding round led by Fiserv. This new funding brings Melio‘s valuation to $2 billion. Other participants in the ... Read More
Affirm Launches Buy Now, Pay Later Services in the UK
Affirm, a major North American Buy Now, Pay Later (BNPL) platform, has officially entered the UK market. Founded in 2012 and listed publicly since 2021, Affirm has processed over $75 billion in transactions across the US and Canada in the ... Read More
Tappy Technologies Launches Payments and Fitness Ring
Tappy Technologies has introduced an innovative ring that combines fitness tracking with contactless payments. The ring can be tokenized with users’ debit, credit, or prepaid cards, allowing for secure, card-free payments. Developed ... Read More