Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company update/payments

Apexx Global to offer Trustly's recurring payments method to merchants

APEXX Global, the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets.

15 February 2023

Company update/payments

Enfuce to supply embedded virtual card payments to e-commerce outfit Starcart

Enfuce, the European card issuing and processing powerhouse, has been selected by disruptive Finnish e-commerce aggregator start-up Starcart to offer its retailers and shoppers the speed, security and convenience of embedded virtual card payments.

15 February 2023

News/payments

India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

15 February 2023

Company update/payments

HSBC rolls out multicurrency payment platform for Kong Kong e-commerce merchants

HSBC today unveiled a new one-stop digital payment solution for small-and-medium enterprises (SMEs) in Hong Kong. Called HSBC Merchant Box, the solution simplifies international payments across regional and global eCommerce platforms for SMEs and makes it possible to ‘receive like a local’ at real-time exchange rates.

09 February 2023

News/payments

Standard Chartered and Allinpay partnership enables cross-border QR payments

Standard Chartered Bank and Singaporean company Allinpay have enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

09 February 2023

News/payments

Checkout.com shakes up leadership to take on Stripe

Online payments firm Checkout.com has announced changes to its leadership team as it prepares its strategy to bolster US expansion and take on Stripe.

02 February 2023

News/payments

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

02 February 2023

News/retail

Egypt's MNT-Halan hits unicorn status

Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.

02 February 2023

News/sustainable

Climate-tech outfit Greenspark raises £1m

Climate-tech startup Greenspark has raised £1 million in a seed funding round led by Fuel Ventures.

01 February 2023

News/payments

Pokémon-playing fish commit credit cod fraud

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

27 January 2023

News/payments

Bolt lays off another 10% of workforce

Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year.

26 January 2023

Company update/payments

Bold Commerce integrates with PayPal

With over half of shoppers (53%) abandoning checkout before completing their purchase, retailers have long understood the need to improve checkout, but have previously dismissed it as too costly and complex to change.

25 January 2023

News/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

25 January 2023

News/payments

Stripe scores major Amazon deal

Stripe has become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.

23 January 2023

Company update/security

Forter buys bot detection player Immue

Forter, the Trust Platform for digital commerce, today announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel. Forter’s first acquisition will not only strengthen the company’s existing fraud management capabilities but add Immue’s domain-specific bot expertise.

18 January 2023

Company update/payments

Hokodo and Lemonway forge B2B BNPL marketplace partnership

The European leader in B2B Buy Now, Pay Later (BNPL), Hokodo, and leading pan-European payment institution for marketplaces, Lemonway, have announced a partnership that will enable B2B marketplaces to offer buyers trade credit online.

18 January 2023

Company update/identity

Riskified unveils 'Identity Explore'

Riskified (NYSE: RSKD), a leader in eCommerce risk intelligence, today revealed the next generation of its Policy Protect product through the addition of “Identity Explore”’ – a revolutionary new capability allowing merchants to visualise customer identities and behaviour, tailor customer experience and customise policy decisions.

18 January 2023

Company update/payments

Lightspeed Commerce to cut 300 staff

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale, and create exceptional customer experiences, today announced a reorganization to streamline the Company's operating model while continuing to focus on profitable growth.

17 January 2023

Company update/payments

Clik2Pay rolls out account-to-account payments for Shopify stores

Payment service provider Clik2pay announced it has developed an industry changing application which allows any Shopify store to seamlessly offer a direct-from-account payment option to customers.

17 January 2023

Company update/payments

Lynk adds Pay by Bank to payments platform

Lynk, the branded payment solution providing merchants a secure alternative to costly credit card processing fees while powering customer loyalty programs, today announced it has added Pay by Bank, the No. 1 customer-requested feature, to its platform.

17 January 2023

E-commerce