Payments News

On The Web

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Domains

What The Zelle Is Going On?

“Should Zelle be used for retail payment? It already is! There is a pressure in a number of markets to look at the use of account-to-account (A2A) payments for retail transactions, bypassing traditional card payments by allowing payments to go directly from consumer bank accounts to retailer and service provider bank accounts. In the US, […]
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Companies

DIFC-based Tarabut Gateway Becomes the First Regulated Open Banking Platform in the UAE After DFSA Grants Licence

“Tarabut Gateway has been granted a licence by Dubai Financial Services Authority (DFSA) to provide money services in and from Dubai International Financial Centre (DIFC). DFSA is the independent regulator of financial services in DIFC, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. This licence marks the first […]
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Domains

Buna (The Arab Regional Payments Clearing and Settlement Organization)

“The Arab Monetary Fund (AMF) and the African Export-Import Bank (Afreximbank) announced today the signing of a Memorandum of Understanding (MoU) that sets the foundation for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment & Settlement System – PAPSS owned by Afreximbank.   Under the […]
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Companies

UK Fintech Startup Leatherback Raises $10M for Its Cross-border payments Led by ZedCrest

“Immigrants, international students, and the migrant population in general all require international payments, or foreign exchange. Revolut and Wise are among those platforms to have taken advantage of this international audience. Now, fintech startup Leatherback , a U.K.-based cross-border payments platform, has raised what it describes as a $10 million pre-seed round led by ZedCrest […]
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Domains

Dallas Arena Opens Stores With Autonomous Checkout

“American Airlines Center is offering two new frictionless shopping options. The arena, home to both the Dallas Mavericks NBA basketball team and Dallas Stars NHL hockey team, is collaborating with hospitality company Levy and its design subsidiary DBK Studio to open a new Market To-Go store on the arena’s terrace level. A second Market To-Go […]
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Domains

Form3 Taps Goldman Sachs Transaction Banking for Cross-border Payments

“Goldman Sachs Transaction Banking (TxB) and Form3, the leading cloud-native payment technology provider, today announced a new solution that delivers FX and payments capabilities to Form3’s banking clients. Form3’s platform will leverage TxB’s cross-border payments and Foreign Exchange (FX) execution capabilities to introduce a value added service for Form3’s regulated financial institution customers.”
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Deals

Sequoia-backed SwooshTransfer Raises Millions of Dollars to Automate Cross-border Payments

“SwooshTransfer , which recently received an angel funding round of “several million dollars” from investors, including Sequoia China and K2VC, is one of the new players trying to make international transactions easier for Chinese businesses and beyond. The company declined to disclose the exact funding amount. After a decade at Alibaba and its fintech affiliate […]

On The Wires

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Companies

Routable Launches Real-Time Payments (RTP®) to Enable Instant Payouts at Scale

“Routable, a modern and intuitive business payments platform, with a focus on mass payouts, today announced the launch of Real-Time Payments (RTP®), which allows businesses to securely pay vendors and contractors within seconds. Routable built RTP® leveraging its extensive experience in mass payouts, so it can accommodate businesses as they scale from 250 payouts per […]
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Companies

TerraPay Obtains License in the USA; Aims to Strengthen Footprint in Key Global Markets

“Leading global digital payments infrastructure company, TerraPay, announces that it has secured the money services business (MSB) license in the State Of Florida, The United States Of America. This license will facilitate the company’s unparalleled and robust cross-border payments infrastructure to mobilize international remittances from the region in real-time, at low costs, and help offer diverse value-added […]
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