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“Today, Square announced the launch of two new features that enable Square Payroll customers and their employees to more easily and effectively manage their cash flow: On-Demand Pay for employees, and Instant Payments for employers. The new offerings, which leverage Square’s Seller and Cash App ecosystems, represent a major milestone in providing employees and employers […]. .
"Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, and Adyen, the global payments platform of choice for many of the world’s leading companies, today announced a new partnership to extend Agilysys customers’ access to frictionless global payments.". .
“Payments company dLocal Group Ltd. became one of Latin America’s best funded venture-backed companies through a new deal that valued the business at $1.2 billion. Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel’s firm Addition participating.”.
“Today, Square, Inc. (SQ) released a new report that highlights how the onset of COVID-19 has affected global commerce and payments behavior. This is the third installment of Square’s Making Change series, which examines whether or not we’re headed towards a cashless society. In February 2020, just 5.4% of Square sellers across the US were […]. .
“WorldRemit, a leading global digital payments company, has launched The WorldRemit Transfer Tracker mobile App for recipients of money transfers which allows them to track their remittances. The WorldRemit Transfer Tracker App is now available through the Google app store in Nigeria, India, Mexico and Colombia. It will also be free to download through the […]. .
“Additionally, Facebook and Instagram have also launched capabilities for businesses in India to sell gift cards. “During the pandemic, it’s been inspiring to see how people and businesses have come together on the Facebook family of apps to support their local communities,” said Mohan. These gift cards, which will be issued by startups Quiksilver and PayU, […]. .
“While uncertainty continues to loom over the economy , JPMorgan has seen some encouraging data when it comes to credit. Consumers who asked for deferrals on their credit cards continued to pay overall, writes Brian Kleinhanzl, managing director at KBW. On the mortgage side, many borrowers continue to make payments despite being granted a deferral.”.
"The Financial Data Exchange (FDX) has welcomed 39 new members since April 1, 2020, bringing the total membership to over 140 organizations that are working to collectively transition the financial services ecosystem to a modern, transparent and secure API-based data sharing approach.Since its launch in October 2018 with 21 founding members, FDX has seen an [...]. .
“Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand a top-down view of all their financial accounts, as well as insights into spending and a […]. .
“Electronic payment service provider TipMe has begun operations in Liberia to provide individuals and businesses with access to useful and affordable financial products and services. It offers a mobile money wallet, online voucher purchases, bill payment services, online international remittances, business services, salary payments and eCommerce platform. TipMe said the app-based service lets customers send […]. .
“Cash doesn’t have the status it used to. In fact, some state and local governments are forcing businesses like restaurants and retail shops to continue accepting cash — concerned that cashless businesses effectively discriminate against consumers who do not have bank accounts or credit cards. New York City will require most stores and restaurants to […]. .
“Uber Eats is flipping the switch on a contactless ordering feature that’s meant to come in handy when you’re dining in and ordering takeout amid the pandemic. The tool is aptly called “Uber Eats Contactless Order Feature” and the idea is to enable you to cover your bill via the app when you’re at a restaurant to prevent unnecessary exchanges of heavily […]. .
“When the pandemic shut classrooms across the U.S. this year, the federal government looked for a quick solution to prevent millions of needy students who typically receive meals at school from going hungry. Under the Families First Coronavirus Response Act, the government proposed covering the cost of lunch for eligible school-age children so families could […]. .
“In terms of category dominance, Australia’s AfterPay maintains the ‘big dog’ with a market capitalization of $15 billion. However, Sweden’s BNPL firm Klarna is nipping at their heels. This week brought news of Klarna’s intent to raise over $500 million of private investor funds. This comes as rumors swirl of an impending initial public offering […]. .
“Customers sending money using M-Pesa platform will now be able to see the name of the targeted recipient before completing the transaction in Safaricom’s latest bid to minimise chances of erroneous transfers. The new feature is an improvement from the current one where customers have to complete the transaction first before being given the option of […]. .

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