Breaking News
Yoyo Grows to Power 1.75m Transactions a Month
Yoyo now processes more than 1.75 million transactions a month, and is well on course to reach 2 million a month before the new year, following a period of rapid growth.
Making the announcement at Money2020 Las Vegas this week, Yoyo also announced it had hit more than 700,000 users, with over 370,000 monthly active users, a 75% increase in just six months.
Yoyo has continued to expand beyond the education and corporate catering sectors to move onto the high street, working with major retailers including Planet Organic and Harris + Hoole, as well as the UK’s third-largest coffee shop chain, Caffè Nero.
Yoyo’s share of total payment volume at high street chains has grown dramatically, with its app now typically powering between 10% and 22% share of overall transactions.
Speaking at Money2020, Alain Falys, co-founder and CEO at Yoyo, asked: “Have you ever heard of a retailer going out of its way to promote one payment method over another? Well, this is exactly what’s been happening with those retailers accepting Yoyo.
“Why? Because Yoyo isn’t just another payment method – it’s a way to create a personalised interaction with customers – the holy grail in retail!”
Falys added: “Our growth in the last six months reflects an evolving understanding from retailers around what loyalty, based on consumer identity and their purchasing profile, can do for a business. Loyalty is no longer points, stamps and net loss. Through Yoyo, loyalty can now act as an engine for business growth.”
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Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
RECCo Appoints Raidiam and PayPoint to Deliver the Trust Framework for the Consumer Consent Solution
RECCo, the Retail Energy Code Company, has appointed Raidiam and PayPoint to support the development of the Trust Framework that underpins the Consumer Consent Solution (CCS) for the GB retail energy market. The appointment marks a key step towards a more secure, standardised and consumer-focused approach to data consent in energy.
Loqbox and Blackbullion Partner to Close the Credit Confidence Gap for 450,000+ UK Students
Loqbox and Blackbullion have partnered to help more than 450,000 students build stronger financial futures through accessible credit-building tools and curriculum-linked financial education.
Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
EXCLUSIVE: “Payments Re-Engineered” – Nigel Thacker, Silverflow and Victor Padee, Aevi in ‘The Fintech Magazine’
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