29 May 2017
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Latest payments news

Should central banks open up payment and settlement systems to non-banks?

Should central banks open up payment and settlement systems to non-banks?

26 April 2017  |  8716 views  |  0 comments | 24 tweets | 28 linkedin

The rise of nonbank giants such as PayPal and WeChat is leading central banks to reassess to whom they should allow access to their payment and settlement systems, says a top Bank of Japan official.

Samsung Galaxy S8 facial recognition software not ready for payments

Samsung Galaxy S8 facial recognition software not ready for payments

26 April 2017  |  6939 views  |  1 comments | 14 tweets | 10 linkedin

Contrary to earlier reports, the new Samsung Galaxy S8 will not let users authenticate payments through facial recognition because the technology is still several years away from being sufficiently secure.

BBVA steps up fintech acquisition strategy with purchase of Openpay

BBVA steps up fintech acquisition strategy with purchase of Openpay

25 April 2017  |  10225 views  |  1 comments | 22 tweets | 18 linkedin

BBVA's ongoing strategy to buy out promising fintech startups has moved ahead with the acquisition of Mexican B2B payments platform Openpay.

Six global banks join Swift DLT trials

Six global banks join Swift DLT trials

25 April 2017  |  14767 views  |  0 comments | 21 tweets | 39 linkedin

Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.

Swift Business Forum, London - live blog

Swift Business Forum, London - live blog

25 April 2017  |  10178 views  |  0 comments | 2 tweets

Welcome to Finextra's live coverage of the Swift Business Forum in London. This year’s conference will focus on the key issues affecting the financial industry, particularly as they impact UK and global markets. In an ever-increasing ‘instant’ world, the agenda will look at how financial institutions can stay resilient and secure, while continuing to innovate and navigate change.

Ex-UK minister taps fintech to back African smallholder farmers

Ex-UK minister taps fintech to back African smallholder farmers

25 April 2017  |  5734 views  |  0 comments | 6 tweets | 4 linkedin

Former UK government minister Mark Simmonds has teamed up with fintech veteran Hirander Misra on a venture that aims to help African smallholder farmers boost their earnings by connecting them with local commodity exchanges.

AccessPay sets sights on US market with £2 million debt financing

AccessPay sets sights on US market with £2 million debt financing

25 April 2017  |  5449 views  |  0 comments | 1 linkedin

Manchester, UK-based payments router AccessPay has secured £2 million in debt financing from Clydesdale and Yorkshire Bank amid plans for a recruitment drive and expansion into US markets.

Flux aims to re-imagine paper receipts

Flux aims to re-imagine paper receipts

24 April 2017  |  5758 views  |  2 comments | 4 tweets | 12 linkedin

Flux, a fintech startup founded by three of the first four employees of money transfer firm Revolut, has begun pilot trials of a service to convert paper til receipts to mobile data services in partnership with retail chains Eat and Bel-Air and digital challenger bank Monzo.

National Bank of Canada acquires interest in Myanmar mobile money outfit Ongo

National Bank of Canada acquires interest in Myanmar mobile money outfit Ongo

24 April 2017  |  9881 views  |  0 comments | 9 tweets | 9 linkedin

The National Bank of Canada has acquired a 22% stake in Ongo, a mobile money service with big plans for expansion in Myanmar.

Token raises $15.7 million as PSD2 approaches

Token raises $15.7 million as PSD2 approaches

24 April 2017  |  8679 views  |  0 comments | 21 tweets | 20 linkedin

API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.

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