Payments

Banking Circle Reports Significant Growth a Year After Securing Its Banking License

Payments specialist Banking Circle reported a significant uplift in payments flow and clients a year after it secured a banking license in Luxembourg. At the end of February 2020, Banking Circle received its Banking License from the Commission de Surveillance

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«MOGLI» – die erste Payment-App für Schweizer KMU’s erhält Finma Fintech Bewilligung

MOGLI safe and easy: «MOGLI» bewahrt die Kundengelder im Girokonto bei der Schweizerischen Nationalbank auf. Das Herz von Geschäfts- und Privatkunden gewinnt «MOGLI» durch die einfache und schnelle Handhabung von Zahlungen. Der Fokus liegt bei den Geschäftskunden. Treue Kunden von

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Verse: Solving the in-App Instant Payments Challenge

Verse, a mobile P2P payments provider, wanted to seize an opportunity to move quickly on the P2P payments scene to allow its users to instantly send money to any eurozone country – without the need for Verse to rely on

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Amazon to Roll Out Pay-With-Palm at Whole Foods Stores

Amazon.com announced that it is rolling out its biometrics technology Amazon One as a payment option at Whole Foods stores in the Seattle area over the coming months. The multinational company had introduced Amazon One as a fast, convenient, contactless

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Klarpay Secures FINMA License, Plans to Roll Out Borderless Multi-Currency Accounts

Zug-based merchant payments company Klarpay announced that it has secured a license to offer borderless multi-currency accounts to digital businesses from the Swiss Financial Market Supervisory Authority (FINMA). Switzerland introduced the fintech license under the Swiss Federal Banking Act Article

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Apple Introduces Apple Family Card, Allowing Spouses to Merge Their Credit Lines

Apple announced the launch of Apple Card Family, which allows users to share their Apple Card in order to track purchases, manage spending, and build credit together with their Family Sharing group. Available in the US in May, Apple Card

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Smile und Mastercard lancieren Partnerschaft für den digitalen Zahlungsverkehr

Als erste Versicherung der Schweiz hat Smile ihren Kunden ermöglicht, die Versicherungsprämie per Kreditkarte zu bezahlen. Nun geht das InsurTech in Kooperation mit Mastercard noch einen Schritt weiter. Künftig werden Kunden, die ihre Prämie via Mastercard bezahlen, mit einem Cashback

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Facial Recognition for Payments to Be Used By Over 1.4 Billion People Globally by 2025

A new study from Juniper Research, “Mobile Payment Authentication: Biometrics, Regulation & Market Forecasts 2021-2025” has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million

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Making Central Bank Digital Currency Systems Interoperable for Cross-Border Fund Transfers

Around the world, central banks are accelerating their work on digital currencies (CBDCs) and exploring the opportunities these could bring to cross-border fund transfers. CBDCs are now a widely researched new form of digital central bank money that are starting

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PayPal Allows American Customers to Use Cryptocurrencies for Purchases

PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can

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