Paytech market updates: ClearBank, Finastra and Ebury lead in industry collaborations

Monthly updates on the standout tech developments in payments

by | November 23, 2021 | bobsguide

Stripe announced on November 23 the expansion of Stripe Terminal in Ireland, France, Germany, the UK and the Netherlands, allowing businesses to take both in-person and online payments.

On November 18, Boku announced the expansion of M1ST into Thailand with the addition of mobile wallets TrueMoney and Rabbit LINE Pay that will join the network.

NewDay, on November 16, launched a FCA-regulated Buy Now Pay Later scheme called Newpay, with a credit limit of up to £5000.

On November 16, Tribe Payments announced it will provide acquirer processing services, including its propriety 3D secure product and TribeHub dashboard, to OnerWay. Tribe’s core platform, ISAAC, will process cross-border omnichannel payments for OnerWay with multi-currency BIN support.

ClearBank unveiled on November 11 a new collaboration with Recognise Bank to provide key account infrastructure and access to the UK’s payment schemes, including Confirmation of Payee (CoP).

On November 11, Lightyear announced it has implemented instant account-to-account payments using TrueLayer’s Open Banking platform, allowing customers to easily connect their primary bank account to the trading app for instant funding using Payments Initiation.

Ebury, on November 10, partnered with Santander to offer businesses based in Germany an international finance solution to simplify international trade for clients.

On November 10, Finastra announced it had partnered with Hexaware Technologies to provide managed services for Finastra’s payments solutions deployed in the cloud. This will support customers in Germany, Belgium, the UK and Ireland with their payment infrastructure.

Visa, on November 9, announced a new package of sustainability-focused benefits for account issuers, designed to encourage cardholders to adopt sustainable consumption behaviours. Visa Eco Benefits will be available in Europe and then rolled out globally from next year.

On November 9, Klarna launched its ‘Pay in 3’ services in Ireland, allowing Irish consumers to shop at any online store regardless of if they are a Klarna retailer or not.

IDEX Biometrics ASA, on November 5, announced its IDEX Biometrics’ TrustedBio® fingerprint authentication solution has been fully certified by Visa and Mastercard.

On November 4, Payoneer launched a new growth programme for aggregators looking to acquire eCommerce brands and scale them globally. The programme offers local receiving accounts, competitive foreign exchange rates, supplier payment services and the Payoneer Digital Mastercard.

Tradeshift, on November 3, announced it was offering e-invoicing to global companies with a footprint in China. Under Tradeshift Pay, companies can now send and receive electronic purchase orders and invoices from and to cross-border trade partners.

On November 2, Paynetics announced it had partnered with ClearBank to integrate its core banking system with ClearBank’s API for near real-time access to its services and solutions.

If you’re in paytech and have a recent update the market should know about, please email [email protected]

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