Bill Payments news and trends

Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
Investments // October 30, 2024

Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the year, targeting a $6 billion valuation, Bloomberg reported Wednesday (Oct. 30), citing unnamed sources. “As a rapidly scaling company, we...

Crater Launches AR/AP Solutions for Financial Institutions and B2B Platforms
B2B Payments // October 29, 2024

Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like invoicing and bill payments, customized to their brand identity and supported by an AI-powered copilot...

Mastercard Launches Tokenized Card-Based Bill Pay Solution
Mastercard // October 28, 2024

Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a Monday (Oct. 28) press release. “With Mastercard Bill Qkr, we’re bringing our cutting-edge payment technologies...

Float and Airwallex Partner on Bill Pay for Canadian Companies
B2B Payments // July 25, 2024

Float, which offers a business finance platform for Canadian companies, has chosen Airwallex to power its new bill pay product. The new product enables fast and cost-efficient bill payments for both domestic and overseas transactions and includes bank transfers, EFT, wire and ACH, the companies...

Interviews & Exclusives
New Study Shows Big Gap Between Open Banking Interest and Use

March 19, 2024
Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one type of expense, including monthly bills, groceries or subscriptions. These payments offer a secure and convenient way to pay merchants and service providers directly from their bank accounts. Younger consumers […]

1 in 5 Consumers Pay Auto Loans With Mobile Wallets

January 04, 2024
Mobile wallets have gained immense popularity among consumers, not only for making in-store purchases but also for their ability to manage finances and store sensitive personal information. According to a...

2023 in Review: Digital Wallets Emerge as Alternative Payment Method

December 28, 2023
In 2023, digital wallets such as Apple Pay and Google Pay gained popularity among consumers. Mobile wallets have moved from sending money to friends and family to paying bills. Digital...

Forty Percent of Millennials Use Mobile Wallets to Pay Bills the Day They’re Due

November 15, 2023
The popularity of digital bill payments is increasing as more and more consumers seek convenience and efficiency in managing their finances. In “Digital Bill Payments: Mobile Wallets Gain Popularity, but...

Quick Reads
FIS and Oracle Team to Digitize Utility Bill Payments

November 12, 2024
FIS is teaming with Oracle to remove paper checks from the utility billing process. The FinTech company announced Tuesday (Nov. 12) that its BillerIQ solution, running on the Oracle Cloud Infrastructure, will allow Oracle — which manages billions of utility customer bills each year — to roll out electronic bill delivery. “The utility sector has […]

Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round

October 30, 2024
Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the year, targeting a $6 billion...

Crater Launches AR/AP Solutions for Financial Institutions and B2B Platforms

October 29, 2024
Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like...

Mastercard Launches Tokenized Card-Based Bill Pay Solution

October 28, 2024
Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a...