Category: Payments

Stripe obtains $600M funding at $95B valuation
March 15, 2021 BY Steffy Bogdanova

Stripe obtains $600M funding at $95B valuation

John Collison, President and Co-Founder of Stripe, commented: We’re investing a ton more in Europe this year, particularly in Ireland. Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense. Stripe also plans to expand its Global Payments and Treasury Network with the raised capital. The company announced…

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digital wallet
February 24, 2021 BY Steffy Bogdanova

Skrill introduces new withdrawal feature to the digital wallet

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe. said: More people than ever are buying cryptocurrency as a long-term investment, particularly in light of recent institutional backing from the likes of Tesla, which has driven Bitcoin to fresh all-time highs. Skrill, part of the integrated payments platform Paysafe, works to develop global…

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February 11, 2021 BY Steffy Bogdanova

Mastercard to support some cryptocurrencies in 2021

Mastercard already provides its customers with cards allowing them to have cryptocurrency transactions, even though it does not go through its network. The payment giant also pointed out that not all cryptocurrencies will be supported on its network but it will carefully decide which ones to add. The official statement said: This is a big…

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OANDA
January 27, 2021 BY Steffy Bogdanova

OANDA adds new payment solution in North America

Lucian Lauerman, Head of OANDA FX Data Services, commented: One of the world’s leading FX authorities, OANDA is dedicated to helping companies optimize cash flow, manage currency risk and build their bottom line. As such, we’re delighted to be partnering with Shift Connect and Currencycloud in order to add OANDA FX Payments to our best-in-class…

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TransferWise and Visa Announce global partnership
January 27, 2021 BY Steffy Bogdanova

TransferWise and Visa announce global partnership

Jack Forestell, executive vice president and chief product officer, Visa said: The TransferWise team came to us last year with a challenge: enable the global rollout of their debit card program, and do it entirely in the cloud. It was an exciting opportunity for us to partner with TransferWise and show how we’re thinking and…

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BitPay launches new mass payout service BitPay Send
November 13, 2020 BY Steffy Bogdanova

BitPay launches new mass payout service BitPay Send

AdGate Media is one of the first companies to use BitPay Send. The company can now efficiently and cost effectively pay its affiliates all over the world. AdGate Media connects digital advertisers with users of popular apps and websites that reward users for engagement. AdGate’s President, Dan Sapozhnikov, shared: We have lots of affiliates who…

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acquisition
October 28, 2020 BY Steffy Bogdanova

Visa signs a deal to acquire fintech YellowPepper

YellowPepper will assist with easing the integration to Visa Direct, the real-time push payments platform Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network and value added services. This will expand the digital products and services, provide safe experiences for the ecosystem and grow new flow volumes and transactions. The combination of Visa Direct capabilities…

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Wirecard Card Solutions
September 30, 2020 BY Valentina Kirilova

Wirecard ordered to cease payment services in Singapore

Wirecard SG has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants, therefore the Singaporean watch dog has assessed that it is better for Wirecard SG to cease its payments services and promptly return all customers’ funds. With the cessation of Wirecard SG’s payments services in…

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