Paytech market updates: Visa, Goldman Sachs and Yappily enhance B2B payments

Monthly updates on the standout tech developments in payments

by | June 21, 2021 | bobsguide

ImageNPay, on June 15, announced its virtual prepaid digital card is now available on Apple Pay enabling customers to add it to their digital wallet.

On June 15, Laybuy announced it was launching a digital BNPL card in the UK enabling its customers to make in-store purchases using the instalment service. The service is currently available to merchants who have a relationship with Laybuy but may extend to other retailers in the “near future”.

Timex, on June 14, announced it had launched a range of contactless payment watches. Partnering with Tappy’s token payments technology, users can download the Timex Pay app and connect a Chase Visa card.

On June 8, Instagram announced it would be testing an affiliates tool in the coming months, allowing creators to earn commissions for purchases they drive.

Yappily, on June 8, launched its new open banking bulk payments service with SME payments platform Comma. Working together, they have simplified the complex process of bulk payments and made the service available to SMEs.

On June 7, Visa and Goldman Sachs announced its partnership to support the bank’s Transaction Banking service helping businesses move money across the world using Visa’s B2B Connect and Visa Direct Payouts solutions. This will enhance the banks cross-border B2B and B2C payments program for high and low value payments.

Tink, on May 26, partnered with digital investment platform Wealthify for payment initiation services (PIS). Tink’s PIS technology has been embedded in the investment platform app enabling investors to transfer an initial investment sum during the onboarding process and make additional payments to top up their accounts.

On May 25, Revolut Business launched its Invoices tool to help streamline payments for UK and EU businesses. The new feature allows businesses to track and monitor invoices.

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

 

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