Ant Group Brings Alipay+ to the Philippines with 3 New Mobile Wallets
September 5, 20236 min
Mactan-Cebu International Airport, which saw 219% increase in passengers in the 1H of 2023, have integrated Alipay+ across 90% of its merchants
Klarna reports H1 2023 Results
August 31, 20235 min
Klarna, the AI-powered global payments network and shopping assistant, today reported its H1 results for 2023, which includes a profitable month in the second quarter ahead of target, successfully aligning with its strategic focus on both profitability and growth. The full earnings release has been made available on the company’s Investor Relations website. Sebastian Siemiatkowski, CEO of Klarna said, “I’m super proud that we have returned to black numbers, with a profitable month in Q223, well ahead...
BofA launches Global Digital Disbursements in Canada via Interac e-Transfer
August 31, 20237 min
Alias Solution Supports Business-to-Consumer (B2C) Payments and Consumer-to-Business (C2B) Request for Payments
Swift’s Cross-border Payments Processing Speed surpasses G20 Target
August 22, 20236 min
89% of cross-border payments are processed over Swift within an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027
PayPal names Alex Chriss as Next President and CEO
August 14, 20237 min
PayPal Holdings, Inc, announced that its Board of Directors has appointed senior Intuit executive, Alex Chriss, as President and CEO, effective September 27, 2023. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments product, and technology experience, capable of driving growth across the PayPal platform...
Settle raised $145M Credit Facility with Silicon Valley Bank
July 27, 20234 min
Settle, the leading cash-flow management platform, announced it has secured up to $145 million credit facility with Silicon Valley Bank, a division of First Citizens Bank, increasing its capacity to support high-growth e-commerce and consumer brands and small businesses. Settle is a cash-flow management platform purpose-built for e-commerce and consumer brands with demanding inventory and cash conversion cycles. Settle provides a centralized hub to quickly and easily pay vendors, track payment status, manage invoices, and...
Paddle announces AI Launchpad
July 18, 20237 min
Paddle, the complete payments infrastructure provider for software companies, announces AI Launchpad, a new 6-week programme run by Paddle aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas. Working with industry experts, participants will receive tailored guidance and actionable, practical insights, as well as the chance to win a $25,000 cash prize for the best offering, as judged by a panel of experts. Founded in 2012 with the goal of helping...
Colorado-based start-up recognized for innovative group payments, forms and sign ups in global innovation program. Cheddar Up, the leading software platform that helps group organizers easily collect payments and information, is pleased to announce its selection as a finalist in the prestigious Women’s Edition Visa Everywhere Initiative. Cheddar Up’s inclusion as a finalist in the Visa Everywhere Initiative (VEI) provides an opportunity to showcase its forward-thinking payment and forms solutions globally to Visa executives and other...
Stronghold launches StrongholdNET
July 12, 20233 min
Products include merchant rewards, DeFi-backed financing, cutting-edge fintech, and more. Payments fintech Stronghold has launched StrongholdNET, a future-facing ecosystem of products and services championing accessible payments. StrongholdNET seamlessly integrates merchants, technology partners, and other essential contributors. By combining cutting-edge technology with community benefits, StrongholdNET creates a new paradigm for payment providers and businesses worldwide. Stronghold’s payment offerings include card processing, checkout services, ACH transfers, virtual payment networks, and more. The launch of StrongholdNET also marks the expansion...
Praxis Tech, a payment orchestration company whose products and services have been primarily focused on iGaming and Forex industries, is opening up towards new verticals with a major upgrade of its recurring payments feature. Announced earlier this year by the Company’s CTO Guy Karsenti and released this week, recurring payments with advanced customization options are available to all merchants using the Praxis software. This rollout will allow Praxis to tap into the growing market share of recurring...