Might Europe strive more and more for financial independence in the payments services space? News came last week that Yves Mersch, who serves as a member of the executive board of the European Central Bank, has advocated for a European card payment system that would...
Welcome to The Axis, your look at payments news from around the world. Coverage includes Germany’s Wirecard works with Cognigy on digital payments within chatbot conversations, India’s private sector YES BANK has introduced a cashless payment system for Smart City Udaipur and JD has launched stores in...
Welcome to The Axis, your look at payments news from around the world. Coverage includes Island Pay’s contactless payments rollout in the Bahamas. In other news, UnionPay International is bringing the UnionPay app to Macau and Hong Kong, and U.K.-based PrePay Solutions has rolled out Google...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan, and Volopa has chosen Onfido to help verify applicants’ identities when...
The Federal Bureau of Investigation (FBI) is investigating the pricing practices of American Express’s foreign exchange international payments department. Citing people familiar with the matter, The Wall Street Journal (WSJ) reported that the investigation is looking into whether the department misled clients about pricing to win...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes UMB Financial Corporation’s tie-up with U.K.-based Fraedom. In addition, Russia’s Yandex.Checkout is allowing customers to make donations by rounding up their purchases and TransferGo is rolling out money transfers...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s launch of digital money transfers within Africa. In addition, Philippine Veterans Bank will work with Fiserv to help with digital transformation, and Paytm Canada has updated its app to help...
In the continuing swirl of headlines that seem to blur and blend cryptos, blockchains and developing nations, a number of collaborations between large tech firms, traditional financial institutions (FIs) and FinTech upstarts stood out. In the late-August, computer manufacturing company IBM said it debuted a blockchain-based...
The headlines all play on the name “SWIFT” in some form or another: “Germany Wants A Swift End To SWIFT,” or “Some Critics Want A ‘SWIFT’ End To US Payments Dominance,” or “A Problem Has Arisen In Europe, Swiftly, Over Payments (And SWIFT).” Here’s a...
