P2P Payments

Navro, formerly known as Paytrix, has secured $14m in its latest funding round and has concurrently announced that the Central Bank of Ireland has authorised its EMI licence.  

Social media giant X, formerly known as Twitter, has claimed that it is going to peer-to-peer payments (P2P) this year. 

Splitit, an innovative white-label, fully-embedded payments technology that lets customers pay in installments using their existing cards, has successfully secured the first $25m of a substantial $50m growth commitment from Motive Partners.

Fenergo, a leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM), has conducted a comprehensive study on the emerging risks in the FinTech payments sector since the introduction of FedNow.

Access Africa, a payment product developed to simplify global payments through various channels including P2P and B2B, and Thunes, a payment infrastructure platform that proficiently connects over 130 countries into a unified network, have collaborated to amplify and streamline cross-border payment services across 13 African countries.

Revolut Business has launched its instant and free payments ecosystem RevTag, which aims to challenge Swift in the cross-border payments space.

Paysend and Visa have announced a five-year extension to their existing global money movement arrangement through Visa Direct.

Visa has collaborated with Currencycloud to launch a new solution designed to deliver cross-border money movement solutions for banks, FinTechs, FX brokers, corporates, and other payment institutions.

Visa has entered into a commercial partnership with Form3, to reduce the high levels of fraud across real-time account-to-account payments.

Bank of America has introduced its business-to-consumer payments solution in Canada as it continues to bolster its digital solutions.