Payments News

On The Web

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Tech

Mastercard to Tackle Fashion Fakes With Blockchain Tracking Solution

“Mastercard is to demo a new blockchain-based product tracking solution during an upcoming showcase of women fashion designers. The payments giant announced on Friday that it will support “limited-edition collaborations” highlighting female designers and artists in partnership with Fred Segal Sunset and MADE.”
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Tech

Mastercard Is Building a Team to Develop Crypto, Wallet Projects

“Payments giant Mastercard is seeking to hire a number of blockchain professionals, including several senior roles, in an apparent effort to develop cryptocurrency and wallet products. According to the company’s career website , Mastercard is looking for a senior blockchain engineer and engineering lead , director for product development and innovation , vice president for […]
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Tech

Chinese Banking Giant CCB Expands Blockchain Platform As Volume Breaks $53 Billion

“China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion. Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president Ji Zhihong said the new platform will leverage blockchain […]
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Tech

Santander & Other Spanish Banks Test Blockchain Payments + More News

“A number of major Spanish banks including Santander and BBVA are testing blockchain-powered payment solutions, with a view to developing banking applications. Per media outlet Noticas Bancarias, the banks are testing the inter-bank Smart Payments platform in conjunction with Iberpay and Grant Thornton. The group of banks, which also comprises CaixaBank and Banco Sabadell, is keen to test the platform’s efficiency, traceability, integrity and compliance […]
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Providers

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

“The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country’s largest financial institutions. Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network , in conjunction with the central bank and […]
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Deals

Telefonica, Deutsche Telekom, Others Put $13M Into Blockchain Startup Clear | Light Reading

“Telefónica and Deutsche Telekom are among the investors that participated in a $13 million Series A round of venture funding into Israel-based startup Clear, which is working to apply blockchain technology to the global telecom industry. The company’s goal is to use blockchain to eliminate, or at least reduce, the expenses surrounding financial interactions between […]

On The Wires

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Deals

we.trade Digital Trade Finance Network strengthens collaboration with IBM

“we.trade, a blockchain -based platform that makes international trade faster and more efficient, today announced an enhanced collaboration with IBM which will enable network enhancements and accelerate the global commercialisation of the platform. IBM has also become a new shareholder along with the 12 existing bank shareholders.”
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Global

OneConnect Partners With UnionBank’s Fintech Subsidiary UBX to Co-create Philippines’ First Blockchain-enabled Platform for MSMEs

“OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, has partnered with UBX Philippines Corporation, the wholly-owned fintech subsidiary of Union Bank of the Philippines (UnionBank), to build the country’s first blockchain-enabled platform to meet the banking needs of micro, small and medium enterprises (MSMEs). The partnership underpins both […]
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Tech

Commerzbank tests blockchain-based machine-to-machine payment solution for the first time

“Working together with its research and development unit main incubator, Commerzbank is the first German bank to develop a blockchain-based payment solution for machine-to-machine (M2M) payments. A fully automated payment process between an electric charging point and a Daimler truck system has taken place. For this transaction, Commerzbank issued Euros on a blockchain and provided […]
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