Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering. The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press release, and opens ConnexPay’s services to a “vast market” of 38.25 million people and...
Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition,...
The news that Amazon will stop taking Venmo payments prompts much speculation as to the why behind it all, roughly 14 months since the 90 million active Venmo customers in the U.S. began to be able to use the option on Amazon (though they can...
J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). The firm processed 18.2 million transactions on Black Friday and 19.6 million on Cyber Monday, Ludovic Houri, co-head of EMEA Payments &...
Payment service provider Citcon has launched a partnership with cross-border mobile payment platform Alipay+. The collaboration, announced in a news release Thursday (Dec. 7), is designed to allow for international e-wallet payments for U.S. retail merchants. As part of the partnership, duty-free retail group International Shoppes, will be among the...
Payments platform FreedomPay has teamed with Citi to enable Citi Pay products at point-of-purchase. “This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing their shopping experience,” the companies said in a Thursday (Dec. 6) press release. The partnership also gives consumers control of...
Wei Jiang, co-founder, president and COO at Citcon, told PYMNTS in a recent interview that the travel rebound is a long-standing trend — and one that benefits merchants savvy enough to accommodate the payments needs of consumers coming from abroad. For many retailers in North America...
PayPal is reportedly working to add new features, with a special focus on improving the checkout experience. The firm plans to roll out the first of these changes as early as March, Seeking Alpha reported Tuesday (Dec. 5), citing a paywalled article by The Information....
Embedded finance has the potential to revolutionize the way software platforms and marketplaces operate. Yet for all its promise, certain barriers stand in the way of broader adoption by Software-as-a-Service (SaaS) platforms and marketplaces. Luke Latham, general manager of Australia and New Zealand at Airwallex,...
