Payments News

On The Web

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Companies

Square sold more than $166M worth of bitcoin in 2018

“Last year, the firm enabled bitcoin buys and sells on its Cash App platform, a rival to PayPal’s Venmo. Still, despite Dorsey’s bullish stance on bitcoin — the billionaire has said bitcoin could be the future of money — Square does not hold that much bitcoin on its own balance sheet, but did however make approximately […]
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Companies

Unicorn Cross River Works to Foster Bank-Fintech Harmony

“From its modest beginnings as a one-branch bank in nearby Teaneck, to its leading position within the marketplace lending industry, to its current aspiration to be a standard-bearer of bank-fintech cooperation, CR has been a model of adaptability. A constant, says Gade, is a belief that it’s possible to simultaneously protect customers and deliver more […]
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Companies

End of days as Barclays brings bPay into Pingit

“Barclays’ bPay app has had its day as it will be brought into Pingit to build out this mobile payment brand. The latter has about 3.6 million users, but bPay, which was launched in 2014, has users “in the high tens of thousands,” a Barclays spokeswoman says. With two separate apps, and the struggle against rivals […]
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Companies

Revolut CFO Resigns Following Money Laundering Controversy

“This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report revealed that Revolut switched off an anti-money laundering system that flags […]
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On The Wires

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Companies

SWIFT gpi reaches $40trillion milestone at two year anniversary

“SWIFT today announces a major milestone in the take-up of gpi with more than $40trn transferred over the service in 2018. Rapid adoption saw the share of cross-border messages using gpi soar from 15% at the start of 2018, to 56% by the end of the year, a year-on-year increase of 270%. More than 3,500 […]
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Companies

Barclaycard UK Merchants to Accept Cards That Run on the Discover Global Network

“Accepting these payment methods allows Barclaycard’s merchants to process transactions from the customers of Discover Global Network’s more than 10 network alliance partners and 55 countries where Diners Club cards are issued. Cardholders are now able to pay at over 110,000 of Barclaycard’s UK merchants both in-store and online, with thousands more merchants set to start […]
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Companies

Alipay and SnapPay Enable Chinese Mobile Payments at FoodyMart

“SnapPay, Inc., a leading provider of secure, cross-border payment solutions, and Alipay, the world’s leading digital payment platform, operated by Ant Financial Services Group, today announced a collaboration that will see Canadian-Chinese Grocery Chain, FoodyMart, accept Alipay’s digital payment platform, enabling consumers to pay in Chinese currency, at all locations, including their newly re-designed, “Alipay […]