TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the formal rollout of payments via PayNow with the U.K.’s TransferWise. In addition, European payment provider Klarna has unveiled an Open Banking Platform, and GM Cabs is offering to take payments via Alipay to help serve consumers in Australia.

TransferWise, a FinTech firm in the U.K., now formally allows payments via PayNow after experimenting with the service, The Business Times reported. Through TransferWise, users can scan a quick-response (QR) code or enter a unique entity number of a company. As it stands, the FinTech allows

Tech.eu Podcast #101: TransferWise in Brussels; more money for N26 and Horizn; Alibaba’s activity in Europe; and more – Tech.eu

Tech.eu Podcast #101: TransferWise in Brussels; more money for N26 and Horizn; Alibaba’s activity in Europe; and more  Tech.eu

In today’s Tech.eu Podcast, Natalie Novick, Andrii Degeler, and Robin Wauters talk about TransferWise opening an office in Brussels, funding rounds for Horizn …

TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit – Tech.eu

TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit  Tech.eu

Estonian-founded and London-headquartered fintech company TransferWise has applied for a financial licence and opened a new office in Brussels. In case of …

TransferWise Reports $3.9B In Transaction Volume/Month

London-based money transfer firm TransferWise has revealed that has been profitable for the second year in a row.

One of Europe’s largest FinTech startups, TransferWise reported an annual post-tax net profit of £6.2 million ($8 million USD) for the fiscal year ending March 2018, according to CNBC. Its annual revenue nearly doubled to £117 million during the period, while operating profit came in at £9.5 million. Founded six years ago by Estonian entrepreneurs Taavet Hinrikus and Kristo Käärmann, TransferWise became profitable for the first time in March 2017.

“We’ve proven that FinTech can offer consumers an unbelievable experience at a low price,