Omar Faridi

Worktech DailyPay Insights : Tipped Employees Support Policy Changes for Greater Financial Stability

A survey commissioned by DailyPay and the Bipartisan Policy Center conducted by The Harris Poll among over 1,000 tipped employees (defined as those who work in the service industry and earn tips for their job) reveals that a “significant majority of tipped employees (85%) are… Read More

Crypto Perpetuals Report: Centralized Perpetual Exchanges Recorded $58.5T in Trading Volume in 2024

The cryptocurrency market saw unprecedented activity in 2024, with perpetual futures contracts—commonly known as crypto perpetuals—taking center stage, according to a new report from CoinGecko. CoinGecko explained in the research report that unlike traditional futures, which have fixed expiration dates, perpetuals allow traders to hold… Read More

Private Markets Investment Firm Capitala Group Reportedly Closes Fund with $1B in Commitments

Capitala Group, a private markets investment firm providing capital solutions to lower middle-market companies, is pleased to announce that its latest fundraise was “oversubscribed with over $1.0 billion in commitments, including leverage, and separately managed accounts.” Capitala invests both debt and equity capital “into small… Read More

Pakistan Introduces Google Wallet, Establishes Crypto Council

Pakistan has taken a significant step toward modernizing its digital payment landscape with the recent introduction of Google Wallet, a move announced in March 2025. This development, coupled with emerging crypto-related initiatives, signals the country’s intent to align with global technological trends. However, despite these… Read More

Digital Bank Revolut Focused on Banking License, UK Hiring Efforts, Strategic Global Expansion

Digital bank Revolut is focused on its ongoing transformation into a fully-fledged bank with several key strategic developments in 2025. Revolut recently announced a hiring spree in the United Kingdom, reportedly adding hundreds of staff to prepare for the “mobilization” phase of its UK banking… Read More

Nordic Challenger Bank Lunar Introduces Banking App for Younger Consumers

Lunar, the Nordic challenger bank, is reportedly expanding its offering with Lunar Youth, a banking app for younger consumers aged 7-17. This launch strengthens Lunar’s aim to become a full-service bank in the Nordics, providing “a seamless financial experience for families to engage with money… Read More

UK’s Money Management App Marygold & Co. Aims to Simplify Personal Finance

Marygold & Co., a money management app, has launched, simplifying personal finance and money management. The app aims to overhaul the UK‘s outdated banking system, characterized by a failure to understand how “intertwined our finances are with our day-to-day lives.” To achieve this, Marygold is… Read More

Fintech as a Service Platform Rapyd Acquires PayU Global Payment Organization (GPO)

Rapyd, a global Fintech-as-a-Service provider, has completed the acquisition of PayU Global Payment Organization (GPO). This latest milestone is said to mark an important step in Rapyd’s ongoing expansion, “strengthening its position in key global markets.” This expansion increases Rapyd’s ability to offer card acquiring… Read More

Capco and OpenAI to Streamline Financial Services

Capco, the global management and technology consultancy, announced a collaboration with OpenAI, the maker of ChatGPT and frontier AI models such as GPT-4o, GPT-4.5, OpenAI o1 and o3 mini, to accelerate AI’s transformative impact at the world’s financial institutions. This collaboration combines OpenAI’s innovations with… Read More

Payments and Commerce Platform Bilt Rewards Announces Acquisition of Banyan

Bilt Rewards, the payments and commerce platform transforming the $2.1 trillion housing payments market, announced the acquisition of Banyan, the platform for item-level receipt data. This acquisition—Bilt’s first— expands Bilt’s ability to create innovative, frictionless experiences that drive “neighborhood commerce and deliver  value to residents… Read More

Digital Payments Adoption Is Rising Globally, Leading to Transformative Shift in Financial Ecosystem – Report

The global financial ecosystem is undergoing a significant shift as digital payments continue to gain momentum, reshaping how individuals and businesses transact worldwide. This, according to multiple reports covering the latest developments in the Fintech and payments sector. Recent reports underscore this transformative trend, projecting… Read More

Hong Kong’s Fintech Ecosystem Set for Sustainable Growth – Report

Hong Kong is reportedly solidifying its position as a fintech hub in Asia, with its ecosystem experiencing remarkable growth and innovation. According to the Hong Kong Fintech Ecosystem Report released by InvestHK, the city anticipates a robust future driven by blockchain, digital assets, distributed ledger… Read More

Payments as a Service Platform Shape Technologies Teams Up with PXP

Shape Technologies, the payments-platform-as-a-service provider, and PXP, a technology platform, are pleased to announce their collaboration designed to transform the way that ISOs, ISVs, and Payment Facilitators go to market. The partnership is designed to address the challenges faced by ISOs, ISVs, and Payfacs, delivering… Read More

BNPL Fintech Sezzle Introduces Features to Enhance Digital Commerce

Sezzle Inc. (NASDAQ:SEZL), a Buy Now, Pay Later (BNPL) solution, is rolling out a suite of features to make digital commerce and shopping more intuitive and accessible. With the Sezzle app, consumers are reportedly able to shop anywhere, compare prices accurately, and find various deals… Read More

REX Shares Introduces Bitcoin (BTC) Corporate Treasury Convertible Bond ETF

REX Shares, a firm focused on exchange-traded products, announces the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ: BMAX), a fund that provides exposure to convertible bonds issued by companies actively incorporating Bitcoin into their corporate treasury. In a strategy adopted by… Read More

RWA Tokenization Platform OpenEden Supports USDO’s Interoperability with Chainlink CCIP and Proof of Reserve

OpenEden, a Real-World Asset (RWA) tokenization platform, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve (PoR). OpenEden Digital (OpenEden) leverages Chainlink’s Cross-Chain Token (CCT) standard are to provide USDO with “cross-chain interoperability and real-time verifiable data on the Ethereum and Base mainnets.”… Read More

BNPL Fintech Affirm Introduces Capital Strategy to Bridge Wall Street, Main Street, and Broader Ecosystem

Affirm (NASDAQ: AFRM) has unveiled its Capital Strategy 2.0—which is described as an evolution of its approach to securing the capital necessary to fuel its growth. Rooted in a Silicon Valley mindset, this latest strategy unveiled by Affirm reportedly aims to forge stronger connections between… Read More

Payments Canada Tackles Misinformation and Fraud as Bad Actors Continue to Target Unsuspecting Consumers

In an era of information overload, Payments Canada says it is taking a stand against misinformation and fraud, as highlighted by Victoria McMullen, Director of Marketing and Communications, in a thoughtful reflection on The 2024 SUMMIT panel discussion. Informative insights from the session—featuring professionals such… Read More

RedotPay Announces $40M Series A to Enhance Global Crypto Payments Solutions

RedotPay, a crypto payment platform, announced the successful close of a $40 million Series A funding round led by Lightspeed following their commitment in December 2024, with investments from HSG and Galaxy Ventures. The investment round reportedly saw participation from DST Global Partners, Accel, Vertex… Read More

Crypto.com Issued Limited License by Dubai’s VARA to Offer Derivatives in UAE

Dubai UAE Beach Camels fredrik-ohlander-unsplash

Crypto.com announced it has been issued a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE. This issuance now reportedly extends the provisions of Crypto.com’s existing VASP license to operate in the region. With this limited license, Crypto.com’s regional… Read More

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