Payments News

On The Web

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Visa Aims to Expand Beyond Cards With Launch of B2B Connect

“Phalen said that B2B Connect will look to offer businesses an advantage in speed, with a goal of completing the funds transfer on the transaction day or the day after. In many cases, high-value cross-border transfers take three to five days using alternative methods, he said. Visa hopes its hyperledger technology will also prove attractive […]
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Square Aims To Declutter the Restaurant Point of Sale—And Stay Ahead of Merging Competitors

“Merchant processor Square Inc. is making it easier for its restaurant clients to use third-party delivery services, while at the same time fortifying itself against bigger merchant acquirers slated to merge into even bigger ones. San Francisco-based Square, which has its own restaurant delivery, pick-up, and catering service called Caviar, on Thursday announced integrations for […]
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Bento For Business Goes After Checks With Bento Pay

“Aiming to bring the ease of peer-to-peer payments to the business class, Bento for Business announced the launch of Bento Pay, a payment service that eliminates the need for business owners to write checks. The service, which will be available in July, enables business owners to make and receive payments with an email address. The […]

On The Wires

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MoneyGram and Canada Post Introduce a New Digital Money Transfer Service

“MoneyGram (NASDAQ: MGI ) a global provider of innovative money transfer services, has announced a new digital money transfer service with Canada Post , enabling money transfer consumers to start a transaction online and conveniently complete it at select Canada Post locations. To initiate a transaction, consumers simply visit moneygram.ca, create a profile, start a […]
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Juniper Research: International Digital Remittances to Reach $525 Billion by 2024, As Traditional Players Face Fintech Challenge

“New data from Juniper Research has found that international digital remittances will reach $525 billion by 2024, up from an estimated $332 in 2019. According to the new research, Digital Money Transfer & Remittances: Domestic & International Markets 2019-2024 , the mobile channel will become increasingly popular; accounting for 41% of international digital money transfers by […]
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Domains

WorldRemit Launches New Product for Business Payments to Ghana | Africanews

“Leading digital money transfer company WorldRemit ( www.WorldRemit.com ) has launched WorldRemit for Business (https://bit.ly/2wNtMPh), a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Kenya, Ghana, and South Africa. The platform will first be available to U.K.-registered businesses.”
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Bento for Business to Simplify B2B Payments With Bento Pay

“Bento for Business (“Bento”), a leading B2B payments solutions provider, today unveiled Bento Pay™, the first-of-its-kind digital payment solution that eliminates the need to write checks and gives businesses the ease and security of paying any supplier confidentially, regardless of their digital payment preferences.”
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Deals

PPRO Acquires Allpago to Become the Market Leader in Local Payments

“PPRO , the cross-border e-payments specialist, is today announcing the acquisition of Latin American payments provider allpago to create the world’s leading platform for local payments. Allpago is the preeminent provider of payment and gateway services in Latin America covering 90% of the market1. This expansion is a transformational step for PPRO to meet its […]
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Unisys and PayCargo Partner to Integrate Payment Processing Capabilities Into Unisys’ Award-Winning Cargo Software and Services

“Unisys Corporation (NYSE: UIS ) and PayCargo , LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, today announced an agreement to integrate Unisys’ award-winning Digistics™ cargo software solutions with PayCargo payment processing capabilities to deliver enhanced cargo processing to airlines, freight forwarders and importers.”