Category: Payments
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Twitter Rumors Confirmed? Twitter Payments Registered As A Money Services Business
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Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability. Elon Musk’s $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Now it was revealed that Twitter indeed has registered with the U.S. FinCen as a…
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Mastercard Acquires Stake Of FinTech Treezor
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Fintech Treezor (PR42 profile) has gained a new investor in Mastercard.Mastercard is investing in its partnership with Treezor, the fintech subsidiary of bank Société Générale. Treezor was acquired by Société Générale in 2019. The credit card company acquired a minority stake in the fintech from the French institution, Mastercard announced…
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Gate.io Is Introducing Their Crypto Payment Product Gate Pay
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The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product. The launch of Gate Pay is based on Gate.io executives’ belief that cryptocurrencies can become a widely used means of payment, not just a tradable asset. Gate Pay is a free-to-use crypto payment technology developed…
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Cyprus PayTech Praxis Announces New Features!
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Cyprus-based Amit Klatchko’s PayTech Praxis Tech Ltd announced new and improved features for its product offering, including enhanced verification and bulk action functions. The new features include a bulk action feature, an improved verification feature, multiple customer profile selections, and new currencies and countries added to the Praxis dashboard. Praxis…
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J.P. Morgan Payments Partners With Gaming Industry PayTech Sightline Payments!
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Sightline Payments, a FinTech unicorn focused on payment technologies for the gaming industry, has completed a strategic investment from J.P. Morgan Payments. Under the deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies serving the spa, entertainment, and hotel…
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British PayTech Atlantic Money Continues Its European Expansion
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British PayTech Atlantic Money (website) continues its European expansion. After launching in Germany at the end of August 2022, the startup is also active in Austria today. The FinTech startup from London offers international money transfers and wants to challenge competitors like Revolut, Wise, or PayPal with its flat fee…
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Cyprus-Based High-Risk Payment Processor LegionPay Listed On PayRate42
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The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.
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Israeli Crypto Payment Processor Oobit Registered in Italy!
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FinTelegram reports that the Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor’s Estonian crypto license…
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FTX Pay Integrates With Reddit Community Points
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FTX, the regulated cryptocurrency company of Sam Bankman-Fried, announced an integration with Reddit’s Community Points in the US, EU, Australia, and other global markets. The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.
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The Russian High-Risk Payment Processor Payeer!
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In March 2022, the Estonian FIU forced Russian-controlled Garantex Europe OÜ d/b/a Garantex to surrender its crypto license due to money laundering issues with Russia. However, many other FIU-licensed crypto payment processors controlled by Russians engage in illegal activities. One is the notorious scam facilitator and merchant service provider Payeer…