payment infrastructure

MoneyHash Raises $5.2 Million Pre-A Funding

January 21, 202510 min

MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. The round was led by Flourish Ventures, a global fintech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures. The round features the participation of Jason Gardner, founder and former CEO of Marqeta, as his first MEA...

by BusinessWire

Payments

Morgan Stanley Expansion Capital Makes $20 Mn Investment in NovoPayment

November 13, 20244 min

Funding to help accelerate product and commercial growth and strengthen position in the banking and payment vertical SaaS market

by Brad Hyett

Guest Articles

SoftPoS: The backup plan for failed payments

July 31, 202415 min

Find how SoftPoS provides a seamless backup for traditional payment systems, ensuring business continuity during tech failures and enhancing payment security

by PRNewswire

Payments

Wirex Announces Groundbreaking Node Sale for Wirex Pay

May 27, 20245 min

Wirex is thrilled to announce the launch of the Node Sale for Wirex Pay, its much-anticipated payment ZK (Zero Knowledge) Chain. This revolutionary event represents a significant leap forward in decentralizing payment infrastructure, inviting the global community to participate in shaping the future of payments. What is the Node Sale? The Node Sale offers an exclusive opportunity for users to purchase node licenses and become integral parts of the Wirex Pay network. Nodes are essential...

by BusinessWire

Payments

US Embraces Speed: Faster, Instant Payments on the Rise

May 7, 20245 min

U.S. businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies released by Federal Reserve Financial Services. Digital wallet use saw especially strong growth in 2023 — efficiency-focused businesses increased their use by 31% over the prior year, and convenience-minded consumers experienced a 32% increase. These changes, particularly consumers’ use of digital wallets and online banking, are leading to increases in instant and faster payment use cases such as bill...

by BusinessWire

Payments

Paystand announced the acquisition of Teampay

April 26, 20246 min

Combined Company Creates No-Fee B2B Digital Payment and Spend Powerhouse That Services Over 1 Million Businesses

by PRNewswire

Payments

Nium expands in Asia, seals Artajasa partnership MOU

April 23, 20245 min

Global payments expansion in Indonesia; adds to recent successes in Korea and Thailand

by PRNewswire

Payments

Early adopter INB using FedNow Receive feature

July 31, 20233 min

INB, N.A., a bank headquartered in Springfield, IL, is an early adopter of FedNow, a new payment infrastructure that allows U.S. financial institutions to provide safe and efficient instant payment services. Institutions adopting the service can provide customers with instant access to deliver and receive transactions year-round, including holidays. INB is initially offering the receive-only feature. INB was selected as a FedNow pilot participant in late 2020. On July 20, 2023, INB was one of 35 banks...