Earlier this week it was announced that HomeSend—a joint venture of Mastercard, eServ Global, and BICS that works to ease cross-border or cross-network transfers—partnered with the Commercial Bank of Ethiopia to launch a new remittance program in the country. Remittance is estimated to be a $3.5 billion—with a B—market inRead More
Post Tagged with: "Mobile Payments"
On this episode of Breaking Banks, host Brett King is joined by fintech blogger Dave Birch to talk about “Cardmageddon,” or the moment when other types of payment will eclipse paying with cards. The two are joined this week by Jordan Lampe, Communications Director of Dwolla (who makes an announcement duringRead More
Even though we’re not seeing quite as many raises as in previous years, fintech funding doesn’t seem to be in any danger of disappearing. This last week, investors went for platforms in mobile development, cloud-based Big Data, cloud-based invoicing, home equity funding, and marketing. This brings us to our topRead More
Mastercard Send will now be the payment rails behind Stripe’s instant payout feature along with Visa, it was announced today by the parties involved. This function allows Stripe sellers—such as Lyft drivers—to receive payments, well, instantly. “These marketplaces [in the sharing economy] that have popped up aren’t going away, andRead More
MasterCard released a series of videos earlier this month to promote the various ways its Masterpass service can be used to buy the little things in life with a single click. You know, like buying that little black dress that just happened to catch your eye, by chance, after you spent three hoursRead More
It shouldn’t be a surprise to see Credit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the iOS side. PayPal’s P2P service app is on aRead More
Take a moment and imagine the future of banking: chances are your vision contains a lot more automation than we have now, whether you’re imagining a simple predictive algorithm for investments or a fully-fledged personal finance ‘bot with Skynet level AI—in terms of cognitive reasoning, not thirst for world domination.Read More
It was announced yesterday that Munich-based payment processing startup Payworks raised $4.5 million in a Series A round, with Rumford, HW Capital, and Speedinvest leading the investment. Payworks, which provides SaaS (Software as Service) technology for credit processing, plans to use the new capital to expand its presence in the globalRead More
Bill Gadja, Visa’s senior vice president of innovation and strategic partnerships, has confirmed that he will attend Bank Innovation Israel to speak about payments. Bank Innovation Israel is the leading fintech event in Startup Nation, as Israel is called.
Incumbent payment firms are more likely to engage with fintech upstarts than other companies in the financial sector, according to the 2016 PwC Global FinTech Survey, “Payments in the Wild Tech World“. The payments industry is running scared and the vast majority are taking action. The report states, “84% of paymentsRead More