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Buy-now, pay-later firm FinAccel raises $90 million to broaden financial services offering

/E-commerce

Buy-now, pay-later firm FinAccel raises $90 million to broaden financial services offering

FinAccel, a Singapore-headquartered financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised $90 million in a Series C equity funding round.

Black Friday - why it matters and what to watch out for

/E-commerce

Black Friday - why it matters and what to watch out for

Deloitte, Santander and JP Morgan explain to Finextra how the busiest shopping day of the year is a useful indicator of the industry trends to be aware of in the months ahead.

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

/payments

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

Henry Ohlsson, deputy governor, Riksbank kept Nordic payments professionals entertained during NextGen Nordics: P27 Momentum during his session on the role of the central bank in a changing environment.

P27 Momentum: Challenges for creating a pan-Nordic payment region

/payments

P27 Momentum: Challenges for creating a pan-Nordic payment region

While banks, businesses and customers operate across the Nordics, infrastructure remains national. At NextGen Nordics: P27 Momentum, executive advisor at Nordea Johanna Lybeck-Lilja continues discussion on the pan-Nordic clearing system to be launched in early 2021 and reiterates that while the region has a long history of cooperation, the cross-border challenge has not been solved.

/payments

Discover partners PayPal on rewards

Discover cardmembers can now use their Cashback Bonus® or Miles to pay for purchases at millions of online stores through PayPal, giving cardmembers another convenient and flexible way to reward themselves.

CBA puts Amazon lockers in branches

/retail

CBA puts Amazon lockers in branches

Commonwealth Bank of Australia is installing lockers at several Sydney branches where customers can pick up their Amazon parcels.

/E-commerce

Cardpay expands global footprint

Cardpay – global fintech provider and fast-growing payment processor serving the needs of eCommerce businesses selling internationally announces its further expansion into 5 new major markets including United States, Mexico, Brazil, China and Singapore.

/payments

Signicat and Twikey forge recurring payments partnership

Signicat, the Trusted Digital Identity company and Twikey, the market leader in SEPA mandates and specialist in optimizing the payment process of recurring customers, have partnered to allow merchants to digitally sign SEPA e-mandates in Belgium and the Netherlands for recurring purchases.

PayPal to buy online rewards platform Honey for $4bn

/payments

PayPal to buy online rewards platform Honey for $4bn

PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals.

Preparing for 2020: The impact of the cloud on B2B payments

/cloud

Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

Alipay target: Serve 10m European SMEs by 2024

/payments

Alipay target: Serve 10m European SMEs by 2024

Alipay has set a target of supporting 10 million small to medium sized businesses in Europe over the next five years with new payment innovations and partner programmes.

Facebook Pay consolidates payments across apps

/payments

Facebook Pay consolidates payments across apps

Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp.

FCA's new rules on Buy Now Pay Later come into force

/E-commerce

FCA's new rules on Buy Now Pay Later come into force

The UK Financial Conduct Authority's new rules in the Buy Now Pay Later (BNPL) market come into force today, a move which the regulator believes will save consumers around £40-60 million a year in interest payments.

M&S woos Christmas shoppers with buy now, pay later programme

/retail

M&S woos Christmas shoppers with buy now, pay later programme

High street retailer Marks & Spencer is to offer customers a buy now, pay later option on online purchases over £30 in the run up to the busy festive season.

Google Pay will now work with all banks after Curve integration

/E-commerce

Google Pay will now work with all banks after Curve integration

UK fintech Curve is now allowing its users with Android-operating devices to shop with Google Pay.

Will trust woes undermine Open Banking under PSD2?

/E-commerce

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

JPMorgan targets ecommerce and gig economy firms with e-wallet

/E-commerce

JPMorgan targets ecommerce and gig economy firms with e-wallet

JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts.

Visa invests in ultrasonic data transmission firm

/payments

Visa invests in ultrasonic data transmission firm

Visa has made a strategic investment in Lisnr, an ultrasonic data transmission specialist offering an alternative to NFC and QR code-based mobile payments. The size of the investment has not been disclosed.

Riskified announces $165 million funding

/E-commerce

Riskified announces $165 million funding

Payments and fraud-prevention company Riskified has announced today its Series E funding round of $165 million, pushing its value beyond $1 billion.

/E-commerce

Moorwand launches acquiring service for online merchant sales

Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has today launched its online acquiring solution for customers – banks, fintechs, processors, PSPs and merchants – across Europe.

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