MoneyNetint in strategic partnership with AFEX to expand network LeapRate

March 09, 2020 BY Steffy Bogdanova

MoneyNetint in strategic partnership with AFEX to expand network

MoneyNetint, global payment solutions provider, just announced its strategic partnership with foreign exchange specialist AFEX. The collaboration will improve MoneyNetint and allow it to wider range of services to its clients, taking advantage of AFEX’s API technology. MoneyNetint services clients around the world, processing and facilitating transfers of billions of dollars every year. The AFEX…

February 26, 2020 BY Steffy Bogdanova

SafeCharge enters new European markets with Fortuna Entertainment Group

SafeCharge, a Nuvei company, announced yesterday its entry into Slovakia and the Czech Republic and markets with Fortuna Entertainment Group, a betting and gaming operator in Central and Eastern Europe. SafeCharge is also further developing their payment processing capabilities in other countries including Romania and Croatia. Fortuna can accept all standard, local payment methods specific…

February 20, 2020 BY Steffy Bogdanova

Nuvei teams up with Max Group and agrees to sell CreditGuard

Nuvei, electronic payment processing company, announced yesterday its strategic partnership with the Max Group (MAX), Israel-based financial institution. The collaboration will allow MAX’s commercial customers who wish to set up business activities outside of Israel access to Nuvei’s payment acquiring network in Europe, North America, Latin America, and Asia Pacific. Nuvei also agreed to sell…

January 20, 2020 BY Mariela Naydenova

PayPal acquires e-commerce startup Honey for $4 billion

PayPal has completed the acquisition of the deal-finding browser add-on company Honey Science Corporation in a $4 billion deal. This is the largest acquisition for the company in its 20-year history. The e-commerce startup Honey has around 17 million active users per month for whom it provides deal-browser extension services to navigate them through the…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

January 17, 2020 BY Valentina Kirilova

TemTum launches near-instant crypto payments through mobile wallets and messaging apps

TemTum, the quantum-secure, ultra-fast, carbon-neutral cryptocurrency network, has just announced the launch of its iOS and Android mobile wallet application. The TemTum network allows any internet-connected device to conduct transactions, including phones, drones, watches, and cars. Clients will now be able to manage their TemTum cryptocurrency with security and simplicity. TemTum was independently tested and…

January 14, 2020 BY Valentina Kirilova

Paysafe expands omni-channel payments, launches cloud EMV capabilities

Payments platform Paysafe has announced yesterday that it has expanded its omni-channel payments offering through the launch of the Cloud SDK from integrated payments firm Handpoint. The Cloud SDK will allow independent software vendors (ISVs) with cloud-based platforms to provide businesses with enhanced in-person payments. According to Paysafe's Q3 2019 report, US, Canadian, and UK…

January 10, 2020 BY Mariela Naydenova

PayU acquires a controlling stake in PaySense - new doors into the Indian lending industry

PayU is a fintech company that offers payment technology and services to online merchants. Founded in 2002 and headquartered in the Netherlands, PayU is now in the process of acquiring a majority stake in PaySense, which is an Indian digital credit platform. The estimated equity valuation is around $185 million. According to the Economic Times,…

ATFX teams up with major payment providers for LATAM and the Middle East

January 10, 2020 BY Valentina Kirilova

LHV Bank to provide FinTechs with access to instant pound and euro payments

LHV, the fintech focused bank and payment services provider, has just announced that it has commenced providing real-time pound payments via the UK’s Faster Payments scheme. The bank is now providing real time euro payments via Single Euro Payment Area Instant (SEPA Instant) and processing pound (Faster Payments) payments. The pound payments service has been…

December 20, 2019 BY Valentina Kirilova

AEVI report sees 2020 as a year of consolidation for merchant services

The European market has witnessed a great deal of growth and change over the past decade in the area of merchant services and mobile payment apps. A new report from AEVI, a German-based company that enables better cooperation among banks, acquirers, and merchants, states that the industry has matured to the extent that 2020 may…

December 13, 2019 BY Valentina Kirilova

Ingenico Group strategists highlight one dozen payment trends for 2020

Veterans of the payment industry can remember the advent of point-of-sale electronic terminals back in the early eighties, and one of the early pioneers in this effort to automate merchant acceptance of payment cards was Ingenico. The Ingenico Group, headquartered in Paris, France, has grown and prospered with the industry over the past four decades.…

Category: Payments