News

The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp...

B2B payments hub Qolo is integrating with international payment company moneycorp in order to offer a new foreign exchange payments solution to help businesses access a less expensive, automated payment tool, according to a press release. Qolo, founded in 2018,...

Avanti Financial Group said in a press release that it could begin operating as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti’s bank charter application has been accepted by the...

Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, announces the acquisition of YayPay, a best-in-class and rapidly growing company at the forefront of SaaS accounts receivable (AR) automation solutions. The acquisition of...

The partnership will see Mastercard Lab’s cloud R&D activities powered by Azure and cutting edge artificial intelligence (AI). It forms part of Mastercard’s ongoing mission to mitigate the risk and increase the commercial viability of emerging tech for use...

After testing a beta version in India, WhatsApp has launched in-app payments in Brazil.The payments are enabled through Facebook Pay, which parent company Facebook said last year it would be rolling out to Instagram, Messenger, Facebook, and eventually WhatsApp. “Payments...

TranSwap, a Singaporean based cross-border payments platform for businesses is partnering with Currencycloud, the leader in providing B2B embedded cross-border solutions, to offer Global Borderless Virtual Account (GBVA) to their customers. By utilizing Currencycloud Spark, TranSwap’s multi-currency account allows customers...