Payments News

On The Web

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Deals

Blockchain Company Digital Asset Holdings Raises $120 Million

“Digital Asset Holdings LLC , the blockchain software developer that caters to corporate applications, raised more than $120 million from investors 7Ridge and Eldridge. The company will use the funds to expand its global workforce by 50% this year and add to its mix of products, according to a statement. The latest round follows a […]
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Deals

Restaurant payment app secures Europe’s largest seed-funding round

“More than 1,000 restaurants and hotels have signed up to the app, including Corbin & King, owners of the Wolseley and Delaunay in London, Four Charles Prime Rib in New York and the Hoxton chain, which runs nine hotels across Europe and the US. It involves customers scanning a QR code on their table to […]
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Global

JPMorgan Testing Blockchain Solution With Taiwanese Banks

“JPMorgan launched a blockchain solution that aims to reduce the number of rejected or returned payments. The U.S. banking giant said Monday it is testing the solution “Confirm” with 12 banks in Taiwan including CTBC Bank, Taiwan Cooperative Bank and First Commercial Bank for money transfers to Indonesia using JPMorgan’s clearing solution “PayDirect.”The banks will […]
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Tech

QR Code Payment Link Formed Between Thailand and Vietnam

“The Bank of Thailand and the State Bank of Vietnam have launched a new QR code payment link between the two countries to allow cross-border transactions. The QR code payment link will allow for cross-border payments to take place . Moreover, it will make it possible for the two countries to be able to use […]
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Tech

Silicon Valley’s Clipper All-in-one Transit Card Finally Adds Apple Pay

“Silicon Valley might seem like a shining beacon of technological progress to some onlookers, but natives know it can be weirdly hit and miss — like how the San Francisco Bay Area has long had a physical tap-to-pay card that’ll let you onto practically every form of public transit, and yet never let you simply tap your […]

On The Wires

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Tech

DBS, J.P. Morgan and Temasek to Establish Platform to Transform Interbank Value Movements in a New Digital Era

“Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan (NYSE: JPM) and Temasek today announced plans to develop an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly-established technology company. The […]
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Domains

Merchants Can Offer More Touch-free Ways to Pay As Fiserv Brings PayPal and Venmo QR Code Payments to the Point of Sale

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling businesses of all sizes across a range of industries to support in-demand digital payment options and expand their touch-free payment capabilities via a new relationship with PayPal. Small and mid-sized businesses using Clover ® and large enterprises leveraging the […]
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Deals

Netstars Raises JPY6.6 Billion From Investors Including KKR, SIG and LUN Partners | NETSTARS CO., LTD

“Netstars Co., Ltd. (“Netstars” or the “Company”), the operator of Japan’s largest QR code payment gateway, today announced the completion of a JPY6.6 billion funding round. The round, which was made through a combination of a capital infusion and the allotment of new shares, includes a JPY4 billion investment made from funds managed by global […]
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Tech

Fidesmo and ISBC Reach Millions of Potential Users in Russia

“Fidesmo enters Russia together with the company ISBC and reaches millions of potential users as eight leading Russian banks now offer the wearable payment service Fidesmo Pay.  The Swedish tech company continues to expand its payment service Fidesmo Pay and today enters Russia together with ISBC, which specializes in RFID devices, and eight* leading banks, all issuing […]
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Domains

Toast Launches Enhanced Contactless Suite to Help Increase Restaurant Revenue and Support Restaurateurs in Reimagining Hospitality

“Toast , the fastest-growing restaurant management platform, today launched an enhanced suite of contactless and guest-facing solutions to help restaurateurs reimagine operations and reduce overhead as they rebound from the COVID-19 pandemic. Today, Toast debuted updates to its Toast Order & Pay™ solution, including pre-authorization tabs and group ordering. Designed to meet the ever-increasing demand […]