Payments News

On The Web

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Can Facebook’s New Payment Method Compete With Venmo and Zelle?

“The rollout of Facebook’s QR code-based payment service turns its Messenger platform into an open payment network, but may struggle to pull users away from popular alternatives like Venmo and Zelle. Unlike previous iterations of Messenger payments, the new system does not require users to be connected on its social network. Instead, it creates a […]
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Nigerian Payments App Paga May Be Africa’s Next Unicorn

“Nigeria’s biggest mobile payments company is vying to become Africa’s next unicorn, and its ambitions now stretch beyond the continent. Paga, whose backers include U.S. billionaire investor Tim Draper and former Goldman Sachs Group Inc. economist Jim O’Neill, boasts 17 million unique users including tech entrepreneurs, businesses and individuals in Africa’s most populous nation. Modeled […]
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Claro Argentina partners with DOCOMO Digital to Boost Mobile Payments  | Billing & Payments

“Claro Argentina, a leading mobile phone operator and part of the América Móvil group, has teamed up with DOCOMO Digital, one of the leading integrators of digital app stores, to facilitate the purchase of applications and content with direct carrier billing (DCB), within the Samsung Galaxy Store, using a Claro’s pre-paid or post-paid accounts. Thanks to this integration, […]
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Virtual Cards to Provide Catalyst for Commercial Card Spending

“An impressive €42.7 billion was spent on European virtual commercial cards in 2019, accounting for 12% of total commercial card spending, according to RBR. Virtual card expenditure in the region increased at an average of 32% per year between 2016 and 2019. Virtual commercial cards are digital card numbers generated centrally or instantly issued, which are […]

On The Wires

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New payment tool for flexible workers in the gig economy

“ABN AMRO is introducing a new instant payment service that makes it easier for flexible workers to decide themselves when their invoice is paid once the work is done. This shortens the time between when the work is delivered and payment for their services from a number of weeks to one second. Freelancers have complete […]
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Airwallex and Visa unveil Airwallex Borderless Cards for Businesses in Hong Kong

“Airwallex , a leading global fintech platform, and Visa, the world’s leading digital payment technology company, today introduced the Airwallex Borderless Card (a good funds card) for businesses in Hong Kong. Starting today, Airwallex customers in Hong Kong will be able to instantly generate and issue multi-currency virtual payment cards that can be used to promptly pay […]
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BofA Expands Its Digital B2C Payment Offerings With Pay to Card

“Bank of America is adding a new payment solution to its suite of business-to-consumer (B2C) payment capabilities. Named Pay to Card, the solution supports corporates’ growing need to pay consumers quickly and digitally by depositing funds directly into an individual’s or small business’ bank account. Pay to Card leverages the details of a bank card […]
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Deals

Clair Closes $15M Series A Led by Thrive Capital

“Clair, a social impact, embedded fintech startup transforming how America’s hourly workers get paid, today announced the close of a $15 million Series A funding round led by Thrive Capital , a firm that has been a part of building and investing in many of the top technology companies of the last decade. This brings […]
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WooCommerce Merchants Can Now List Their Products Across Google

“Last week we announced that all of WooCommerce’s 4.4 million merchants would soon have the ability to easily integrate their product inventory across Google in just a few clicks, and for free. Today, the product is live and ready for WooCommerce merchants to use globally. Making it easier for retailers who work with partners like […]