Category: Payments

Apple acquires Mobeewave to go into mobile payments
August 03, 2020 BY Steffy Bogdanova

Apple goes into mobile payments with Mobeewave acquisition

Apple stated: Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans. Usually, Apple buys startups and turns their technology into features for its products. Apple Play was added to iPhone in 2014 and allows users to pay for goods in retail stores with a rap.…

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PayPal eWallet now on FXTM system
July 31, 2020 BY Steffy Bogdanova

FXTM adds new payment method PayPal eWallet

PayPal eWallet may be used for both deposits and withdrawals. In addition, the new payment option will make instant deposits and faster payouts. Users will be able to send and receive funds in Euro, USD and GBP in a secure and simple to use way. Read More: Breaking news: Andrey Dashin, founder of Alpari and…

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Acquisition
July 28, 2020 BY Steffy Bogdanova

Paysafe acquires technology company Openbucks

Udo Mueller, CEO of Paysafe’s eCash division commented: Openbucks is a highly innovative alternative payment solution provider which has built deep distributor partnerships across the US. The cash alternative payment market is a thriving one and we are seeing increased demand from online merchants, who want to enable gift cards as a payments solution in…

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Visa and Mastercard support the use of cryptocurrencies in the financial services industry
July 27, 2020 BY Steffy Bogdanova

Visa and Mastercard support the use of cryptocurrencies in the financial services industry

Mastercard has also supported blockchain technology and cryptocurrency through its new programme aiming to increase its partner base for crypto payment cards. Visa and Mastercard were both initially partners of the cryptocurrency project of Facebook, Libra. They both pulled away from it but have not stopped supporting the use cryptocurrencies. In the end of May,…

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July 14, 2020 BY Steffy Bogdanova

Project Ubin shows commercial potential with the completion of its final phase

Chia Song Hwee, Deputy Chief Executive Officer, Temasek, said: Blockchain technology has great potential in transforming businesses and opening up new business opportunities. Phase 5 of Project Ubin has demonstrated the commercial applicability, viability and benefits of blockchain technology across industries, beyond capital markets and trade finance. This validates Temasek’s efforts in exploring and building…

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Sberbank launches new system for payment services SberPay
July 10, 2020 BY Steffy Bogdanova

Sberbank launches new system for payment services SberPay

Herman Gref, CEO, Chairman of the Executive Board, Sberbank commented: Everyday tasks and interests of each customer are the top priorities all our actions revolve around. Therefore, any of our services should be simple, so that you don’t have to figure out how things work checking complicated manuals. They should also be convenient, give you…

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Paysafecash enables online cash purchases in Bulgaria
July 06, 2020 BY Steffy Bogdanova

Paysafecash enables online cash purchases in Bulgaria

Paysafecard, Paysafe’s prepaid cash solution, has been available to Bulgarians since 2013 and the company will use its existing paysafecard distribution partnership with EasyPay, who licensed network of more than 300 payment points. Udo Müller, CEO of paysafecard – the team behind Paysafecash, said: Leveraging our long-standing partnerships with EasyPay in Bulgaria enables us to…

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BGC Partners’s subsidiary GFI with joint venture company in China
June 15, 2020 BY Steffy Bogdanova

American Express receives China network clearing license

American Express’ joint venture with Chinese fintech services company Lianlian DigiTech Co., Ltd, has already set up a network to clear domestic transactions charged on American Express cards. It is also compatible with the essential mobile wallet players in China. Stephen J. Squeri, CEO of American Express said: We are pleased to be the first…

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