Latest E-commerce News: Finextra Research

Company update/retail

Temenos makes 90 second onboarding pledge

Temenos (SIX: TEMN), the banking software company, today announced that Temenos Infinity now offers a real-time, end-to end account opening and onboarding digital experience in just seconds. The account is fully funded and ready for customer use

23 September 2020

Company update/payments

CBA offers cashless payment to Adelaide commuters

Commonwealth Bank will activate its innovative payment technology across the Adelaide Metro tram fleet from today, enabling local commuters to pay with any Visa and Mastercard debit or credit card, including digital wallet acceptance, rather than cash or metroCARD.

23 September 2020

Company update/cloud

Finastra brings financial inclusion to developing markets in APAC

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.

23 September 2020

Company update/payments

Worldline and Unwire partner for transport payments project

Worldline [Euronext: WLN], the European market leader in payment and transactional services, has announced a strategic cooperation with Unwire, a Danish Fintech and Mobility as a Service company, to accelerate innovative digital payment technology in transportation.

22 September 2020

Company update/payments

Ebanx teams up with PayPal

Payments company Ebanx now offers more payment possibilities in Brazil for purchases of global products and services. PayPal users in the country will be able to use the digital wallet to buy on international websites that integrate with EBANX's solution.

21 September 2020

Company update/payments

In-vehicle payments to exceed $86bn by 2025 says research

A new study from Juniper Research has found that the value of in-vehicle payments, where a payment is made via embedded vehicle systems, will reach $86 billion in 2025, up from just $543 million in 2020.

21 September 2020

News/retail

Tink selects OpenWrks aggregation platform

Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.

21 September 2020

News/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

18 September 2020

News/payments

Affirm raises $500m

Affirm, Max Levchin's buy now, pay later credit card alternative, has raised $500 million in a Series G funding round led by GIC and Durable Capital Partners.

17 September 2020

Company update/payments

Ebanx teams up with Amazon

Ebanx and Amazon announced a partnership in Colombia this Thursday, September 17, 2020, at the chapter one of the Latin America Summit, EBANX annual event about business in the region. Once the solutions are available, Colombian consumers will be able to pay for purchases within Amazon in their local currency and using local payment methods. This is the first step on a strategic expansion of the two companies in the region, as they mentioned at the presentation at the summit.

17 September 2020

Company update/payments

Rapyd launches card acquiring in Europe

Rapyd, a global fintech as a service company announced today a major expansion of its European platform, adding end-to-end card acquiring capabilities to its industry-leading payments capabilities.

16 September 2020

Company update/payments

Visa brings Click to Play to Canada

Today, Visa Canada is announcing the expansion of Click to Pay in Canada, helping consumers make secure, swift purchases across various merchants and platforms, which is now more important than ever before given the world’s accelerated shift to digital.

15 September 2020

Company update/payments

Verifone buys 2Checkout

We are thrilled to announce that 2Checkout has been acquired by Verifone, a leading global provider of payment and commerce solutions.

11 September 2020

Company update/payments

Emirates Digital Wallet debuts digital cash platform

Emirates Digital Wallet LLC, along with First Abu Dhabi Bank, FAB, Mashreq Bank, National Bank of Fujairah and Mastercard today announced the launch of klip, Emirates Digital Wallet’s Digital Cash Platform.

11 September 2020

News/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

11 September 2020

News/payments

PSP Mollie raises €90 million

Dutch payments services provider Mollie has raised €90 million in growth financing in a Series B round led by venture capitalist TCV.

08 September 2020

News/payments

PayPal introduces interest-free buy-now-pay-later product

PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later instalment offering for merchants in the US.

31 August 2020

News/crypto

Bank-issued stablecoin used for e-commerce payment

In what is being hailed as a world-first, a bank-issued stablecoin has been used to carry out an e-commerce payment.

27 August 2020

News/payments

Japan facing credit card number shortage

Japan is running out of 16-digit credit card numbers amid a government effort to encourage electronic payments and a surge in online shopping during the Covid-19 pandemic, according to local press reports.

25 August 2020

Company update/security

Australia's Ezypay adopts Mastercard tokenisation

Ezypay, Australia’s first subscription payments provider, has announced the adoption of Mastercard’s tokenised payment security technology, Mastercard Digital Enablement Service for Merchants (MDES), to offer their business customers enhanced payment security and stronger collection processes.

19 August 2020