Wirecard and Gambio launch GambioPay for e-merchants


Wirecard is expanding its collaboration with the shop system developer Gambio to launch GambioPay for online retailers, which the companies say simplifies payments processing and cuts costs.

Bread raises serious dough for e-commerce instalment payments


Bread, a fintech start-up that builds instalment payment solutions for online merchants, has completed $126 million of equity and debt financing.

Payworks to integrate Alipay into its POS tech Europe-wide

Alipay's march across Europe continues

Payworks, a Germany-based provider of point-of-sale (POS) payment infrastructure, has inked a deal with Alipay. Payworks’ gateway tech will be supporting the integration of Alipay for payment providers across Europe.

Paysafe agrees to buyout of nearly $4bn

Vipera takes over

Paysafe Group has reached an agreement to be acquired for £2.96 billion ($3.89 billion) by private equity firms Blackstone and CVC Capital Partners.

VTB brings Alipay to Russia big time

Alipay comes to Russia big time

Chinese online and mobile payment platform Alipay is looking to grow its presence significantly in Russia with the help of VTB Group.

La dolce vita for mobile payments service Jiffy in Italy


Jiffy – the instant mobile payments service developed by SIA – is now available in over 150 outlets in Milan, Rome and Turin. As reported last year, the person-to-business (P2B) project was piloted in Milan and Bergamo, allowing customers to pay via app at participating retail outlets authorised by UBI Banca. SIA said at the […]

Commerzbank processes first BPO live transactions in Austria

Commerzbank logo

Commerzbank has processed the first bank payment obligation (BPO) transactions in Austria, covering the import of bus components from Germany and Italy. The buyer, a customer of Commerzbank Austria, is TAM-Europe, located in Slovenia. The suppliers are MAN Truck & Bus, headquartered in Munich, and ISAF Bus Components, an Italy-based supplier and customer of UniCredit. […]

Payments round-up: 3 August 2017

Mobile payment

Take the pain out of paytech with this brief round-up. Features Seven Bank, BDO Unibank, Earthport, Kotak Mahindra Bank, Payconiq and Digicash Payments. Japan-based Seven Bank has unveiled an international money transfer service app to the Philippines with BDO Unibank. Seven Bank has already been providing a service through ATMs and the internet, but this […]

PayPal enables Skype app payments


PayPal is on a tear and looking to significantly boost its P2P payments volume through Venmo, which already posted 103% growth in the second quarter, reaching $8 billion, reports Paybefore, Banking Technology’s sister publication. The company has announced in a blog post that any of the more than one billion people who’ve downloaded the Skype […]

Monetary Authority of Singapore plans payments council

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) says it will establish a Payments Council with the plan to create an “e-payment society” for the city state. The new council will comprise 20 people from banks, payment service providers, businesses, and trade associations. Members are appointed for a two-year term. MAS says the setting up of the […]