Cross-border payments company OpenFX is set to acquire Dutch payments infrastructure business Embed. The deal gives OpenFX its first “regulated presence” in the European Economic Area and the United Kingdom, as Embed holds licenses in all EEA states and the U.K., via the Financial Conduct...
European pay-by-bank network TrueLayer has expanded into credit by acquiring Dutch buy now, pay later (BNPL) provider in3. This combination will enable TrueLayer to offer both debit and credit at checkout, will provide merchants an alternative to cards and card-dependent credit products, and will allow...
Payments and financial technology provider Fiserv is teaming with AI agent lab Cognition. The collaboration will see the companies use artificial intelligence (AI) software engineer, Devin, to modernize core banking technology and shorten the time it takes for new capabilities to reach Fiserv financial institution customers, Fiserv...
Payment processor Finix says it has launched a new integration with Visa’s Cybersource acceptance solution. The integration, announced Thursday (May 28) is designed to let merchants combine Cybersource’s gateway and plugin ecosystem with Finix’s payments platform for processing, settlements, reconciliation, reporting and payouts. “Businesses sometimes stay with legacy processors because replacing...
Flexible payments provider Klarna has launched a partnership with mobility platform Arrive. The collaboration, announced Thursday (May 28), lets drivers pay for parking with Klarna’s Pay in Full, which will be available in Arrive’s EasyPark app, allowing for instant payments. “This provides consumers with more flexibility and control over their...
Uber Technologies has increased its stake in Delivery Hero to 36.83% by buying Aspex Management’s share of the German food delivery platform, Bloomberg reported Wednesday (May 27), citing a regulatory filing by Delivery Hero. The deal also raised Uber’s voting rights attached to shares to 24.99%, according to the report. Uber’s...
Nium and Circle have teamed to link stablecoin settlement with global payout infrastructure. The partnership will see the cross-border payments company join Circle’s Payments Network (CPN) as a payout partner, the companies said in a Thursday (May 27) news release. This will allow financial institutions to move funds via...
U.S. PayPal users traveling in China will soon be able to complete payments at tens of millions of Weixin Pay merchants across China by scanning QR codes. The capability will be enabled by the partnership between TenPay Global, which is Tencent’s cross-border payment platform, and...
Hotels will be able to request, track and bill Uber rides within Mews’ hotel operating system. This capability will be enabled by a new strategic partnership in which the companies will embed ride booking, real-time tracking and integrated billing into the platform, Mews said in a Tuesday (May...