Paytech market updates: HPS, Klarna and Verizon lead in partnerships

Monthly updates on the standout tech developments in payments

by | July 21, 2021 | bobsguide

On July 16, Zwipe and ICPS announced its partnership to bring Zwipe’s biometric payment cards to banks across Africa and Asia. The cards will have a fingerprint sensor embedded, adding a layer of security with no need to enter a PIN code.

Verizon Business and Mastercard, on July 13, announced its partnership to harness Verizon’s 5G connectivity on the Mastercard network to innovate payments and the commerce ecosystem.

On July 7, Serquo and HPS announced its partnership to offer new payment technologies. The partnership will leverage Serquo’s experience in payment and testing and will enable HPS to expand its presence in Europe.

Tribe Payments, on July 1, announced its partnership with ClearBank to provide its fintech customers access to payment schemes using the bank’s banking and banking-as-a-service product sets.

Klarna, on June 29, announced its collaboration with Liberis to provide additional financial services including revenue-based financing to Klarna merchants in all the countries the BNPL operates.

On June 24, Visa announced it was acquiring open banking platform Tink for €1.8bn. The acquisition means consumers can better control their financial experiences and businesses will have access to a more customised range of tools to operate digitally and securely.

Finastra, on June 22, announced its partnership with Uni Systems to bring its treasury, risk and payments software to local markets with implementation and support services. This covers customers in multiple countries in Europe including Greece, Croatia, Romania and Malta.

On June 22, TrueLayer launched its Verification API combining open banking and machine learning to improve the onboarding process for customers. The verification logic sits on top of open banking rails and provides results “in seconds rather than days”.

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

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