Paytech market updates: Mastercard and Monzo jump on the buy now pay later train

Monthly updates on the standout tech developments in payments

by | September 30, 2021 | bobsguide

Coinbase, on September 27, announced customers will soon be able to get paid in crypto or US dollars and choose the percentage of their paycheck to deposit.

On September 28, Mastercard launched Installments, a Buy Now Pay Later programme that’s currently available to the U.Z, Austrailian and UK market.

On September 22, Modulr announced it had opened offices in the Netherlands as part of its EU-wide expansion in 2022 and 2023. The payments-as-a-service platform will run its pan-European operations from a new base in Amsterdam.

Monzo, on September 21, announced Plus and Premium customers can now make card payments from a pot. This announcement follows one the bank made a week prior introducing Monzo Flex, a buy now pay later programme.

On September 16, Lemonway launched Pay By Bank in partnership with Tink to offer its merchants open-banking powered payments.

TrueLayer, on September 15, launched Payouts, a new solution that issues instant refunds and withdrawals using open banking-enabled account verification and the fast payment rails. The new platform is currently being used in TrueLayer’s partnership with online car retailer Cazoo that was announced a week earlier.

VibePay, on September 6, announced that users can now pay or request payments using their voice following the app’s new update. Customers can also create shortcuts through Apple’s Siri.

On September 1, Nium announced it had acquired Ixaris to optimise payments for companies and will aid travel and airline payments through innovative digital solutions.

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

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