Payments News

On The Web

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Deals

Lydia raises another $86 million to build a European financial super app

“Back in 2014, when I first covered Lydia , I called it the Venmo for France — they had only raised €600,000 back then. It seems like Jhawar agrees with that take. Since then, Lydia has grown quite a lot and has expanded beyond peer-to-peer payments in various ways. With Lydia, you can send money […]
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Domains

Payconiq rolls out cross-border QR mobile payments service in Europe

“Users of Payconiq -supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries. The expansion of the cross-border payments service follows the integration of the Luxembourg-based Digicash by Payconiq app into “the first interoperable mobile payment platform in Europe” alongside other […]
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Domains

Even in a Pandemic, Venmo Tells Conned Customers to Pay Up

“Venmo has fostered a compassionate public image during the pandemic, touting the popular payments app as a way to virtually tip out-of-work bartenders and give to hospitals. Yet it has taken a harder line against users who ended up overdrawing their accounts. In some cases, it has threatened to dispatch debt collectors against victims of […]
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Domains

Colombia using instant payments to drive financial inclusion amid the pandemic

“Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers. Mobile wallet providers, a Facebook Messenger payments chatbot, WhatsApp and a cash pay-in/pay-out network are joining established banks in Transfiya to extend the reach of interoperable real-time P2P payments. A key accelerator for usage of […]

On The Wires

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Domains

MoneyGram Expands Real-Time Digital P2P Payments With Visa Direct Through New Checkout.com Partnership

“MoneyGram International, Inc. (NASDAQ: MGI ), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a leading global payment solution provider, utilizing Visa Direct, Visa’s real-time push payments platform. MoneyGram customers can now use the […]
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Domains

U.S. Bank launches eCards available when sending money with Zelle®

“The holidays may look a little different this year, but U.S. Bank is giving customers a way to spread goodwill and festive cheer with eCards, now available to U.S. Bank customers when they send money with Zelle® in the U.S. Bank Mobile App. The eCards, launched in collaboration with Zelle and fintech startup Vouchr, provide […]
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Domains

Xoom Launches Direct Money Transfers to Bank Accounts and Debit Cards in the U.S.

“Xoom , PayPal’s remittance service, today announced that customers in the U.S. can now send money directly to a recipient’s eligible bank account or debit card. Available to customers in the U.S., this new functionality allows people to securely send fast money transfers online or using the Xoom mobile app to support family and friends […]
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Domains

Mogo to Launch Mobile Peer-to-Peer Payment Solution

“Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or “the Company”), one of Canada’s leading financial technology companies, today announced plans to launch a mobile peer-to-peer (P2P) payment solution that will enable users to quickly and easily make and share payments with friends and family through Mogo’s mobile app. The Company expects to launch the solution in Q1 […]