22nd August 2022

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.

 

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Codat – Opportunities for Open Finance

In this full length conversation with Yasamin Karimi from Codat we discuss the benefits of Open Finance to acquirers as they seek to onboard new customers and carry out credit checks. Yasmin highlights the emerging opportunities of combining accounting, Open Banking, and commerce platform data to create a rounded view of where a business has been, its current cash position and its order pipeline.

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