Payments

Payments Firm Paysend Secures US$125 Million in Series B Fundraise

Paysend, a London-based payments platform, announced that it has closed a Series B funding round of US$125 million. The fundraise was led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing long-term investors including

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Revolut Rolls Out Invoice Tool for Its Business Account Users

Revolut, a British fintech company offering banking services, has rolled out a new feature enabling its users to send professional invoices from their Revolut Business account in minutes without having to switch between platforms. With Revolut‘s new tool, users can

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China, UK, Germany Among Top Shopping Markets for European E-Commerce Customers

In Europe, online shoppers are increasingly embracing cross-border e-commerce, with China, the UK and Germany emerging as the top three preferred shopping markets, a new report says. In a new paper titled How Europe prefers to pay: E-Commerce Payment Report

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SWIFT Assesses What Roles It Could Play in Future CBDC Ecosystem

As central banks around the world accelerate their digital currency efforts, international payment network SWIFT is assessing what roles it could play in this new future. In a new paper released on May 11, 2021 and produced in partnership with

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Germany’s Aareal Bank Group Integrates PayPal Into Its B2B Payment Solution

Aareal Bank Group has expanded its Aareal Exchange & Payment Platform solution (AEPP), which was launched in 2020, by allowing the option to pay with PayPal. Moving forward, companies will be able to offer their customers payments via PayPal, including

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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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