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Latest Results from /payments

/payments

Mexican BNPL firm Aplazo raises $70 million

Mexican BNPL platform Aplazo has raised $70 million in equity financing, including a $45 million Series B.

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Nine-in-ten Klarna employees now use AI daily

Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.

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ECB conducts first DLT trials for wholesale central bank money settlement

The Eurosystem has begun the first of a series of trials to test the use of distributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.

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Kima bids to build a 'DeFi credit card’

Israeli startup Kima is running a project with Mastercard's FinSec Innovation Lab to connect decentralised finance (DeFi) applications with fiat systems.

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TabaPay ditches plan to buy assets of bankrupt BaaS firm Synapse

Money moving fintech TabaPay has pulled out of a deal to buy the assets of bankrupt Banking-as-a-Service platform Synapse.

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Mastercard starts domestic payments processing in China

US card giant Mastercard, through a joint venture, has finally begun processing domestic payments in China.

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EBAday 2024: Confirmation of Payee’s impact on instant payments and fraud in Europe

Confirmation of Payee (COP) has a key role in the instant payments infrastructure as a service that verifies account names prior to making a payment, the scheme ensures that funds are being transferred to the correct account.

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Corpay to buy Paymerang

Corporate payments company Corpay is set to buy account payable automation outfit Paymerang. Financial terms have not been disclosed.

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Google Wallet launches in India

Google Wallet is landing in India, although the existing Google Pay app will remain the place for all things payments in the country.

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TranscendAP launches as new venture for AI-powered accounts payable automation

Accounts payable automation specialist TranscendAP has spun out from IT services firm Optima Global Solutions.

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APP scam reimbursement rules extended to Chaps

The UK's Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.

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SurePay wins Belgian bank mandate for Confirmation of Payee technology

Belgium's Centre for Exchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.