Payments News

On The Web

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Deals

Simple co-founder bids to upend financial world with APIs and a stablecoin

“Simple co-founder Shamir Karkal has taken the wraps off his latest project: Sila, a startup offering fintech firms a suite of APIs and developer tools supported by a dollar-pegged stablecoin. Named for the world’s first ‘token’ – a small bowl used by the Sumerians in 3000 BC to measure a standardised volume of barley – Sila […]
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Tech

SWIFT publishes new ‘Pay Later’ API standard

“SWIFT has published a standard for ‘Pay Later’ APIs in a key step towards enabling the rapid adoption of an innovative new consumer payment model. “Pay Later’ is an instant online payment facility which offers customers the ability to use traditional bank loan financing to pay for goods purchased online.”
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Tech

Wirecard launches API developer portal

“With APIs as popular as an opened pot of jam to an unruly gang of wasps, the firm is keen to get involved in this craze. Its portal is designed to let customers integrate the Wirecard digital platform into their environments and expand their existing installations. At the same time, the company is announcing an […]
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Tech

Otto launches instant online payments for customers

“Using the new API, developed by the retailer alongside Hanseatic Bank, money can be transferred within a few seconds rather than several days for goods on the websites of Otto brands. Otto worked with Hanseatic Bank on the service, which as with other online payments requires the user to fill out a form with the recipient, […]

On The Wires

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Tech

UnionPay International gives global developers access to its APIs

“UnionPay International (UPI) today announced the launch of the UPI Developer, an open platform that gives global developers access to 18 of UnionPay’s cross-border mobile Internet payment products and services in the first phase. Through the platform’s application programming interface (API), developers can integrate UnionPay’s technical services into their products efficiently and cost-effectively, thus providing […]
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