Monday , October 3, 2022

Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21

  • Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber Monday.
  • Payroc World Access LLC said it will acquire SnapCheck, a payments provider. Terms were not disclosed.
  • Unbanked, a firm that links traditional banks and companies with blockchain technology, said it will support donations in 28 digital currencies through Dec. 20 for Toys for Tots, a U.S. Marine Corps program that collects toys and distributes them to children.
  • Axletree Solutions, a bank connectivity and financial integrations provider, said it and Roxe, an open global payment network, are working on an instant cross-border payment service that uses blockchain technology.
  • MoneyGram International Inc. said it will enable cross-border money transfers for urpay, a digital wallet from neoleap, a Saudi fintech.
  • U.S.-based payments-technology provider i2c Inc. said it is working with Visa Inc. and Batelco Financial Services to launch Beyon Money, a mobile-payments “super app” in Bahrain.
  • Payments-processing technology provider Bill.com has hired Sarah Acton as chief marketing officer. Acton most recently was with Athos, a wearables company

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