February 24, 2025 @ 9:25 pm By Omar Faridi  |  

PhonePe is announcing that the Fintech company is officially commencing preparatory steps in connection with its potential (initial public offering) IPO and intends to list on Indian exchanges. This marks a key milestone for the Fintech company, which will mark its 10-year of operations this… Read More

 Tagged digital financial services, india, payments, PhonePe

February 24, 2025 @ 3:55 pm By Omar Faridi  |  

Mastercard (NYSE: MA) noted that today’s consumers are at the forefront of embracing technologies that offer streamlined and intuitive experiences. Gen Z, the generation spanning teenagers to those in their mid-twenties, is said to be leading the charge. Instead of juggling between different cards and… Read More

 Tagged credit, gen z, mastercard, research

February 24, 2025 @ 3:54 pm By Omar Faridi  |  

MX Technologies, Inc., a provider of actionable intelligence for consumers and the financial providers that serve them, shares its latest survey of U.S. consumers, which reveals consumers are “overwhelmed by their finances and looking for more comprehensive resources to meet their needs.” Nearly half (44%)… Read More

 Tagged consumer behavior, mx, research, survey

February 24, 2025 @ 1:33 pm By Omar Faridi  |  

Canadians are divided in embracing evolving technologies that have the potential to change their shopping experiences along with how they pay and get paid. This, according to an update from Payments Canada. Concerns around security, lack of familiarity and a sense of contentment with existing… Read More

 Tagged digital transactions, payments canada, research, security

February 24, 2025 @ 11:56 am By JD Alois  |  

The Apple Card has arguably been a success for Apple (NASDAQ:AAPL). Available as both a physical and digital card, the card seamlessly integrates into the Apple Digital Wallet providing cash back on all charges along with additional user friendly services like advanced security features and… Read More

 Tagged apple, apple card

February 24, 2025 @ 11:03 am By JD Alois  |  

The State of Virginia is considering legislation designed to limit the interest charged on credit to consumers. The Federal government is also reviewing a similar approach to credit cards, but once again, policymakers are looking to apply price-fixing to a market driven by supply and… Read More

 Tagged AFC, american fintech council, credit, lending, SB 1252, virginia

February 23, 2025 @ 11:59 pm By Omar Faridi  |  

In a step toward enhancing public sector payments, the UK government has reportedly opened bidding for a £49 million contract to embed open banking technology into its Gov.UK Pay platform. Announced on February 19, 2025, by the Government Digital Service (GDS), this procurement initiative aims… Read More

 Tagged Gov.UK Pay, open banking, payments, uk, united kingdom

February 23, 2025 @ 7:57 pm By Michael Wong  |  

Hong Kong Exchanges and Clearing (HKEX) will overhaul its settlement fee structure from June, introducing a flat fee of 0.0042% per stock transaction in a bid to balance costs across different trade sizes, the bourse operator said. Under the current system, HKEX charges a minimum… Read More

 Tagged hkex, hong kong, regulations, southeast asia, stock exchange

February 23, 2025 @ 7:54 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2024 financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “2024 was… Read More

 Tagged banking, brazil, digital bank, latam, nu holdings, nubank

February 23, 2025 @ 7:48 pm By Omar Faridi  |  

Taurus SA, a global enabler of digital asset infrastructure, is announcing the publication of an open-source confidential token standard for debt and equity tokenization in collaboration with the Aztec Foundation. This initiative marks a step forward in enabling FIs to issue tokenized versions of financial… Read More

 Tagged aztec foundation, banking, digital assets, infrastructure, open source, taurus, tokenization