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Latest Results from /payments

/payments

Mobile wallet operators band together on cross-border payments

Money movement company TerraPay has formed a 'Wallet Interoperability Council' with five leading payment operators to facilitate interconnection in cross-border transactions.

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Bank of England to develop analytics data platform for ISO 20022

The Bank of England is working with the BIS Innovation Hub London centre on a project that will explore how technology can enhance the analytical use of ISO 20022 data to shed light on economic conditions, system liquidity and compliance

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Amazon in India considers splitting off payments app

Amazon is looking at splitting off Amazon Pay as a standalone app in an attempt to gain a bigger market share in India's competitive e-commerce market.

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B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.

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Mastercard to cut around 1000 jobs - Bloomberg

Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.

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Revolut hits $45bn valuation in secondary share sale

Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.

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PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

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Stablecoin-to-fiat money transfer app Sling Money raises $15m

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

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Klarna takes on banks with new 'account' for storing funds

Klarna is rolling out an "account" where customers can store money and cashback rewards as the Swedish fintech continues to diversify beyond its BNPL roots into more traditional retail banking services.

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Science Card opens e-money account for socially-conscious spending

UK fintech Science Card has opened an e-money account to further its goal of supporting scientific projects across health, climate change and tech through customer spending.

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Apple to open up NFC payments access to third parties

Apple is opening up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers in a host of countries - including the US and UK - but will charge associated fees.

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DBS tokenizes treasury management for Ant International

Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.