Paytech market updates: Klarna, FIS and utu boost tourism payments

Monthly updates on the standout tech developments in payments

by | October 28, 2021 | bobsguide

On October 26, Klarna announced a partnership with Stripe allowing retailers using Stripe to activate Klarna as the preferred payment method. A week earlier, Klarna announced it had acquired Inspirock allowing users to plan and shop for a trip and pay for it in instalments.

Norwegian Cruise Line Holdings, on October 20, has chosen WorldPay from FIS as one of its preferred payments processing providers globally.

On October 19, TopSource Worldwide announced it had partnered with Ebury to provide clients with a scalable payroll payment service that can make payments to employees based in over 200 countries across 140 currencies.

HSBC, on October 13, introduced SWIFT Payment Pre-Validation to minimise the risk of unnecessary payment delays and deliver a smoother, more secure payments experience.

On October 12, Fenergo announced DNB Bank ASA will deploy its SaaS-based CLM solution to consolidate know your customer (KYC) and anti-money laundering (AML) operations across all business lines including corporate and institutional banking, personal market and private banking.

utu, on October 12, partnered with Emirates to offer tourists a new reward scheme on tax-free shopping.

On October 7, Elliptic announced it was expanding its platform following the launch of full compliance coverage capabilities of Polkadot (DOT) and Algorand (ALGO) blockchains on its platform.

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

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