E-commerce

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/payments

Klarna unveils AI-powered photo tool for shoppers

Klarna has unveiled an AI tool which allows shoppers to take a picture of things and styles in their surroundings, instantly find out where to buy them and get the best deal in the firm's app.

/payments

PayPal faces class-action suit claiming anticompetitive pricing rules

PayPal has been hit with a class-action lawsuit accusing the firm of anticompetitive "anti-steering" rules that leave consumers paying excess charges.

/security

American Express to pilot biometrics at the online checkout

American Express is to pilot the use of facial and fingerprint recognition for authenticating users at online checkouts.

/payments

FreedomPay announces partnership with Worldpay

FreedomPay has announced its partnership with Worldpay from FIS to provide integrated payments and omnichannel technology for retail, hospitality and other enterprises.

/payments

Hyundai launches in-car payment service

Car manufacturer Hyundai has launched a system that lets US drivers find and pay for things with their vehicle's touchscreen using securely stored credit card information.

/payments

UK sees record month for open banking payments

Brits made 11.4 million open banking payments in July, a nine percent rise on the previous month.

/payments

DLocal explores sale - Bloomberg

Latin American cross-border payments platform dLocal is exploring a potential sale, according to Bloomberg.

/payments

Mastercard enables CVC-less payments for tokenised cards in India

Mastercard has introduced Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenised their cards on merchant platforms.

/payments

Skipify and AmEx partner to ease checkout process

Skipify, a fintech outfit smoothing the online checkout experience, has joined forces with American Express for the launch of its new card linking technology.

/payments

Bank-backed Irish payments app faces more delays

Synch Payments, the mobile payments joint venture set up by Ireland's leading banks, will not launch until at least next year after being told it needs approval under EU rules.

/payments

PayPal Ventures invests in Latin American e-commerce outfit nocnoc

PayPal Ventures has led a $14 million Series A funding round for nocnoc, a firm that helps facilitate cross-border e-commerce between global sellers and Latin America.

/payments

Amazon Pay adds Affirm BNPL option

US merchants that use Amazon Pay can now offer their customers instalment payment options thanks to a deal with BNPL outfit Affirm.

/payments

Payments orchestration platform Paydock raises £25m

Payments orchestration platform Paydock has raised £25 million in a Series A funding round from Silverstripe Investment Management.

/payments

Standard Chartered expands digital collections gateway reach with Worldpay

Standard Chartered has teamed up with Worldpay to bring its Straight2Bank Pay digital collections gateway for merchants to more than 30 new markets.

/payments

Stripe to power Microsoft Teams payments for businesses

Microsoft has teamed up with Stripe to let North American businesses accept payments directly in Microsoft Teams.

/retail

NextGen Nordics: Managing innovation risk with regulation and education

Rounding out the NextGen Nordics’ afternoon sessions, Anna Milne, editor at Finextra, took to the stage for a fireside chat with Einar Eidsson, product director, for buy-now-pay-later (BNPL) provider, indó iceland.

/payments

Amazon Pay rolls out Citi Flex Pay to give credit card users instalment option

Citi credit card holders can now pay in instalments when using Amazon Pay during checkout at thousands of online shopping sites.

/retail

Klarna unveils AI-powered personalised shopping feed

Klarna continues to broaden its scope beyond BNPL, unveiling an AI-powered shopping feed, a "personal shopper" and new selling tools for retailers and creators.

/markets

IFGS 2023: Singapore seeks coordinated and global approach to fintech

In the fireside chat with the Monetary Authority of Singapore (MAS), chief fintech officer, Sopnendu Mohanty, discussed the current financial landscape in Singapore and the fintech developments in the region with moderator Sasha Qadri.

/devops

IFGS 2023: Andrew Griffith MP announces AI and open finance ambitions for UK

Economic secretary to the Treasury, Andrew Griffith MP, spoke in a keynote speech outlining the government’s ambitions for the fintech industry during day one of the Innovate Finance Global Summit 2023.