BayPay Members Blogs

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Taxation authorities in Singapore to end GST taxation on cryptocurrencies

(The Paypers) The Singaporean government’s taxation agency has announced plans to exempt its goods and services tax (GST) on cryptocurrency transactions. Original link
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Ireland's Central Bank hands down EUR 5.9 mln fine to Wells Fargo

(The Paypers) Wells Fargo ’s Irish subsidiary was fined EUR 5.9 million for a prolonged series of regulatory reporting breaches. Original link
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Flaw in 7-Eleven Japan mobile payment app allows hackers steal USD 500k

(The Paypers) A flaw in the mobile payments feature on 7Pay app from 7-Eleven Japan allowed a third party to make fake charges on hundreds of customer accounts. Original link
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Record GBP 183 million fine for British Airways' data breach

(The Paypers) British Airways (BA) has received a record fine of GBP 183 million for a breach of its security systems that happened in 2018. Original link
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Swedish neobank PFC receives EUR 5 mln investment from Nordea

(The Paypers) Fintech startup PFC has raised EUR 5 million in funding, in a significant investment from Nordea, which operates in 20 countries around the world. Original link
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WebMoney Transfer launches wallet in Uzbekistan

The global system WebMoney Transfer announced its market entry to Uzbekistan and introduced a WMY wallet in Uzbekistan Som. WMY title units allow to pay for mobile communication, the Internet,...
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Paytm opens research centre in Montréal

Paytm is pleased to announce the opening of a research and development centre in Montréal. Paytm, whose international headquarters are in India, is a leader in innovative mobile payment, commerce...
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Who will win? The Banks, FinTechs or BigTechs?

Vijay Kasturi, Banking Presales & Solutions Head (Europe), Oracle, speaks at EBADay 2019 in Stockholm about who will build the bank of the future between the Banks, FinTechs or the...
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Why the Swedes have embraced mobile payments so quickly

Gunilla Garpås, Swish Product Portfolio Manager at Nordea, spoke at EBADay 2019 in Stockholm about why the Swedes have embraced mobile payments so quickly, how Swish is now being offered...
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Nordea invests EUR5m in neobank P.F.C

Nordic banking giant Nordea has invested EUR5 million in P.F.C (Personal Finance Co.), a recently launched Swedish neobank. Launched late last year, P.F.C combines a Mastercard with a personal finance...
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Delivering compelling customer propositions based on instant payments

Hays Littlejohn, CEO of EBA Clearing speaks at EBADay 2019 in Stockholm about value-added services are needed and delivering compelling customer propositions based on instant payments, how the EBA's instant...
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BPC opens Pakistan office

Switzerland-based payments technology firm BPC has opened an office in Pakistan to serve the growing financial services market in the Middle East. The office location is Karachi, the country’s...
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PayU expands into Southeast Asia through Red Dot stake

PayU, the payments and fintech business of Naspers, today announces the acquisition of a majority stake in Red Dot Payment, a Southeast Asia focused online payment solutions provider. With this...
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OneConnect to build supply chain finance ecosystem

(The Paypers) Singapore-based fintech OneConnect has announced building a supply chain finance plaform with blockchain and cloud infrastructure to boost trade finance for SMEs. Original link
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IFC, Goldman Sachs launch gender-focused trade finance programme

(The Paypers) The International Finance Corporation (IFC) and the Goldman Sachs Foundation have launched a first-of-its-kind gender-focused trade finance programme. Original link
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Sopra Banking to support ABN AMRO's wealth management app KENDU

(The Paypers) ABN AMRO has launched its mobile wealth management app, KENDU in collaboration with Sopra Banking Software . Original link
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Onyx CenterSource, Sovos to advance and security in e-invoicing

(The Paypers) US-based B2B payments company Onyx CenterSource and tax software provider Sovos have partnered to support compliance and security in e-invoicing. Original link
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BADF partners with Sopra Banking Software

(The Paypers) New Burkina Faso-based bank BADF has chosen Sopra Banking Software to support its launch. Original link
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Sumsub, Exmo join forces for customer onboarding and KYC improvements

(The Paypers) Crypto exchange for traders EXMO has teamed up with Sumsub , identity verification and compliance company, to facilitate digital ID verification and customer onboarding. Original link
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Last tested bank APIs don't meet requirements for PSD2 – Tink study

(The Paypers) Analysis conducted by Norway-based open banking platform Tink has found that none of the tested bank APIs released by the 14th June 2019 comply with PSD2 regulators. Original link
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