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Stripe leads $12m funding round for Filipino startup PayMongo

/startups

Stripe leads $12m funding round for Filipino startup PayMongo

Filipino online payments firm PayMongo has raised $12 million in a Series A funding round led by US giant Stripe and joined by Y Combinator, Global Founders Capital and Bedrock Capital.

Portugal's Sibs buys Wirecard Romania business

/payments

Portugal's Sibs buys Wirecard Romania business

Portuguese payments processor Sibs is the latest firm to pick up a piece of the Wirecard empire, acquiring its operations in Romania.

New security measures could block one-third of online EU purchases

/security

New security measures could block one-third of online EU purchases

New European rules on Strong Customer Authentication (SCA) could block more than one-third of online purchases and cost merchants more than $100 billion in lost sales, according to an analyis by payments consultancy CMSPI.

/security

Danske Bank acts to halt card payments at fake Webshops

More and more Danes are shopping online. As a result, the number of fake webshops attempting to trick customers is increasing.

/payments

Cardpay becomes first direct member of Russia's payment system

On 24th of September the first pilot transactions with “Mir” cards were conducted with the usage of the Mir Accept 2.0 security protocol.

/retail

JCB and Santander renew partnership

In June 2019, JCB International Co. Ltd., the international operations subsidiary of JCB Co., Ltd., and Banco Santander, through its subsidiary Santander España Merchant Services, partnered to support the growth of face-to-face transactions made by JCB cardmembers across Spain.

/payments

Stripe reports Salesforce deal

Today Stripe announced that it was named a Leader in the Forrester Wave™ report on Global Merchant Payments Providers, Q3 2020, achieving the highest scores by any ranked company in both strategy and current offering.

/payments

Ebanx and Visa expand partnership in Brazil

Ebanx and Visa announce the extension of a strategic partnership, sealed by the Participation Agreement in the Money Transfer Merchant Program of Visa.

/payments

Solarisbank brings Samsung pay to Germany

Solarisbank AG, Europe's leading Banking-as-a-Service platform, today announced a partnership with Samsung Electronics and Visa to bring Samsung Pay, a leading mobile payment solution, to Germany.

/payments

Tink announces new open banking partnership

Enel X, the business line of Europe’s largest utility company, the Enel Group, has picked the open banking platform Tink as its open banking technology provider.

/payments

SpotOn raises $60m

SpotOn Transact, Inc. (“SpotOn”), an innovative software and payments company, today announced $60 million in Series C funding.

/retail

Temenos makes 90 second onboarding pledge

Temenos (SIX: TEMN), the banking software company, today announced that Temenos Infinity now offers a real-time, end-to end account opening and onboarding digital experience in just seconds. The account is fully funded and ready for customer use

/payments

CBA offers cashless payment to Adelaide commuters

Commonwealth Bank will activate its innovative payment technology across the Adelaide Metro tram fleet from today, enabling local commuters to pay with any Visa and Mastercard debit or credit card, including digital wallet acceptance, rather than cash or metroCARD.

/cloud

Finastra brings financial inclusion to developing markets in APAC

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.

/payments

Worldline and Unwire partner for transport payments project

Worldline [Euronext: WLN], the European market leader in payment and transactional services, has announced a strategic cooperation with Unwire, a Danish Fintech and Mobility as a Service company, to accelerate innovative digital payment technology in transportation.

/payments

Ebanx teams up with PayPal

Payments company Ebanx now offers more payment possibilities in Brazil for purchases of global products and services. PayPal users in the country will be able to use the digital wallet to buy on international websites that integrate with EBANX's solution.

/payments

In-vehicle payments to exceed $86bn by 2025 says research

A new study from Juniper Research has found that the value of in-vehicle payments, where a payment is made via embedded vehicle systems, will reach $86 billion in 2025, up from just $543 million in 2020.

Tink selects OpenWrks aggregation platform

/retail

Tink selects OpenWrks aggregation platform

Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.

The fintech barbarians are no longer at the gate - they’ve been invited inside

/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

Affirm raises $500m

/payments

Affirm raises $500m

Affirm, Max Levchin's buy now, pay later credit card alternative, has raised $500 million in a Series G funding round led by GIC and Durable Capital Partners.

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