Mastercard launches next gen PayPort+
Adyen launches in-house payment terminals
Remitly to acquire Rewire for $80m
CBDC pilot to start in the UK
Klarna moves beyond financial services
Uber shuts down loyalty programme
Paysend have launched Paysend Store
Enfuce extends partnership with Mastercard
Yapily expands to Portugal
Faster Payments volumes increased by 23%
Mastercard launches next gen PayPort+
Mastercard launches the next generation PayPort+ real-time payments gateway. Powered by Vocalink and Form3, the solution provides flexible access into the UK’s real-time payments infrastructure for Financial Institutions and Payment Service Providers.
Adyen launches in-house payment terminals
Adyen has launches its first in-house payment terminals to facilitate diverse payment use cases. Businesses have a full suite of terminals to choose from, enabling them to pick the solution that meets their specific needs. The terminals run on Adyen’s single platform, which enables end-to-end control, tailored payment flows, and high speed of innovation at the Point-of-Sale.
Remitly to acquire Rewire for $80m
Global remittance outfit Remitly is to acquire Rewire, an Israeli-based financial services platform for migrant workers, for $80 million.
CBDC pilot to start in the UK
A cross-industry consortium is being launched in the UK to run a retail CBDC pilot, featuring a Digital Sterling (dSterling) stablecoin asset. The upcoming pilot, operating under the bannner ‘Project New Era’, will test high potential use-cases and provide empirical inputs to policymakers and regulators on future design considerations for CBDC development and stablecoin regulation.
Klarna moves beyond financial services
Klarna will allow UK consumers to view their full online order history in the app, regardless of whether they are purchased using Klarna, as part of its bid to become a general-purpose shopping companion. The new feature provides a full inventory of their purchase history and product details – including images and prices, order and delivery status, package location and pickup information. To activate the service consumers connect their email accounts to their Klarna App. The app then identifies online purchase confirmation emails and imports key data.
Uber shuts down loyalty programme
Uber is shutting down their loyalty programme, Uber Rewards, to focus on its subscription-based Uber One membership. Uber Rewards will close on 1st November 2022. Uber One costs USD 9.99 per month or USD 99.99 annually and allows perks such as 5% off rides/delivery orders, unlimited free delivery on food orders of over USD 15 and grocery over USD 30.
Paysend have launched Paysend Store
Paysend have launched Paysend Store for UK merchants. The free, no-code solution enables entrepreneurs in the UK to set up an online store and immediately start selling their products with no technology development or third-party IT integration required. SMEs can create a website, customise their store, engage with customers through personalised promotions, manage orders, access payment gateways, etc.
Enfuce extends partnership with Mastercard
Enfuce has extended their partnership with Mastercard to expand the card-as-a-service platform in the Nordics. Mastercard powers Card as a Service with tokenised multi-currency BINs in the Nordics, enabling Enfuce’s customers to launch and issue their own physical and virtual Mastercard payment cards.
Yapily expands to Portugal
Yappily expands to Portugal as part of their expansion plans across Europe – they are now live in 19 countries. Yappily believe Lisbon is becoming a European tech hub and innovation centre with an abundance of local talent to employ.
Faster Payments volumes increased by 23%
UK Finance have revealed that Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021.
ChatGPT has generated a lot of interest from across the business world, but what about its impact on payments? We hosted a great conversation with Matt Mills, Daniel Cronin and Tom Hay from Featurespace, Integrated Finance and PSE on their views on how it will affect payments industry. We touch on topics ranging from fraud and engineering and operations.
