Payments News

On The Web

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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 […]
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Companies

Zelle Users at BofA Defy the Pandemic Gravity

“Payment card usage in the U.S. might be taking a hit during the Covid-19 pandemic, but not the Zelle person-to-person payments service among Bank of America Corp.’s customer base. Charlotte, N.C.-based BofA reported Thursday that it had 11.3 million active Zelle users, including small businesses, in the second quarter, up 41% from 8 million a […]
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Deals

TransferGo raises $10M additional funding, launches in 11 new markets

“TransferGo , the London-based international money transfer service, has raised another $10 million in funding, as it discloses that its customers numbers has surpassed two million. The round was co-led by Seventure, and Vostok Emerging finance, with follow-on funding from Hard Yaka, Revo Capital, and Bootstrap Europe. The startup is also announcing it has launched […]

On The Wires

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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 […]
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Companies

Consumers and Small Businesses Significantly Increase Use of Zelle® In 1st Half Of 2020

“Early Warning Services, LLC, the network operator behind Zelle®, today announced $133 billion was sent through the Zelle Network® on 519 million transactions during the first six months of 2020.  Physical distancing requirements continue to drive strong adoption of Zelle, with enrollment growing 17% over the prior year. Active sender usage – those who have sent […]
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Companies

Welcoming the Verse Team to Cash App

“We’ve acquired Verse , a Spanish P2P payments app that allows customers to send and receive payments from friends and family instantly, safely, and free of charge. We were drawn to Verse’s strong team, and they share a similar approach to us around inventing and learning to better serve customers. Verse will join the Cash […]
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Companies

Mastercard Partners With Facebook to Enable Brazilians to Send and Receive Money Using WhatsApp

“Today, Mastercard announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments on WhatsApp. Additional banking partners are expected […]
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