Today in FinTech: Health payments via text
In today’s FinTech news, university students in India will have a new way of paying for tuition abroad through a collaboration with Cashfree and EasyTransfer. In addition, Luma Health’s LumaPay makes it possible to pay for doctor visits via text.
Cash-free teams with EasyTransfer to facilitate payments at Indian universities abroad
Cashfree and EasyTransfer work together to offer university students in India an easier way to pay fees for courses abroad. The partnership between the two companies enables students to make education payments directly through their existing bank accounts without having to create a new account just to make payments.
Luma Health launches LumaPay, patients can pay via text
Luma Health introduced a health-focused service called LumaPay, the first module in the company’s financial product, LumaFinancial, part of the company’s patient success platform. LumaPay allows patients to pay their bills through text messages or providers’ websites. The Patient Success Platform provides healthcare professionals with an integrated portal that connects the clinical, operational, access and financial aspects of a patient’s journey.
Ant Group Intros ANEXT Bank in Singapore
China’s Ant Group launches ANEXT Bank in Singapore after receiving approval from Monetary Authority of Singapore (MAS). Ant Group, controlled by billionaire Jack Ma, already had one of the first banking licenses issued by MAS, which gave it the green light to provide financial services to financial institutions and companies.
CoinZoom Instant debuts outside the US through Visa Direct
The FinTech platform and the cryptocurrency exchange CoinZoom partner with Visa to integrate the real-time push payment network Visa Direct. The integration means that customers with qualified cards in 194 countries outside the US can receive real-time payments.
Payrailz works with Q2 for P2P payments
The digital payment company Payrailz is adapting to Q2’s digital banking platform to offer banks and credit unions a better payment experience. Q2 Holdings offers digital banking and lending solutions and will integrate with Payrailz to offer peer-to-peer (P2P) payment services within Q2’s Partner Accelerator Program.
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NEW PYMNTS DATA: HOW TOOLS AND CONSUMER FINANCING COMPANIES CAN IMPROVE THE BILL PAYING EXPERIENCE
About: More than half of energy and consumer finance companies have the ability to process all monthly bill payments digitally. The kicker? Only 12% of them do. Digital Payments Edge, a PYMNTS and ACI Worldwide collaboration, examined 207 billing and debt collection experts at these companies to find out why it is still elusive to go completely digital.
