August 28, 2024 @ 3:22 am By Michael Wong  |  

The Reserve Bank of India (RBI) has announced tightened regulations for peer-to-peer (P2P) non-bank lending platforms, effective immediately, in response to some entities’ violations of the 2017 guidelines. The move aims to enhance transparency and ensure stricter compliance with regulatory standards, addressing concerns that certain… Read More

 Tagged india, online lending, p2p, reserve bank of india

August 27, 2024 @ 10:13 pm By Omar Faridi  |  

Research by global small business platform Xero has uncovered payment convenience is key for Kiwi consumers, but key barriers such as expensive fees are turning off small businesses from embracing new digital methods. Xero’s latest report ‘I want to pay that way’, delves into the… Read More

 Tagged new zealand, payments, research, small businesses

August 27, 2024 @ 10:11 pm By Omar Faridi  |  

The PhonePe Group reported revenue of INR 5064 Cr for FY23-24 (fiscal year ending March 31, 2024) which represents 74% top-line growth from FY22-23 revenue of INR 2914 Cr. The Group also reported “an Adjusted Profit After Tax (i.e., PAT excluding ESOP costs) of INR… Read More

 Tagged fintech adoption, payments, PhonePe

August 27, 2024 @ 10:10 pm By Omar Faridi  |  

SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply in Switzerland through innovative approaches. The digitalization of payments is progressing rapidly, and cash and cash supply “are adapting to market changes.” In Switzerland, cash continues to be highly valued… Read More

 Tagged Cash Transactions, diebold nixdorf, six, switzerland

August 27, 2024 @ 4:07 pm By Omar Faridi  |  

KOHO claims that it has always built products that help Canadians make financial progress. Now, with the launch of Rent Reporting, KOHO is “making healthy credit more accessible to all.” New and existing KOHO members “who pay rent through KOHO will have rent payments reported… Read More

 Tagged credit history, koho, payments

August 27, 2024 @ 2:40 pm By Omar Faridi  |  

LendingClub Bank, America’s digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. Scott Sanborn, LendingClub CEO said: “We’re excited to offer… Read More

 Tagged digital marketplace, lendingclub, savings, us

August 27, 2024 @ 1:02 pm By JD Alois  |  

Sygnum Bank is a digital asset-focused financial institution that is based and regulated in Switzerland, supervised by the Swiss Market Financial Authority (FINMA). The company also holds a CMS [Capital Market Services license issued by the Monetary Authority of Singapore (MAS). Both of these jurisdictions… Read More

 Tagged banking, digital asset bank, digital bank, EU, europe, mica, switzerland, sygnum, sygnum bank, thomas eichenberger

August 27, 2024 @ 8:48 am By JD Alois  |  

Switzerland-based VC firm redalpine has opened a new office in the UK while announcing a new $200 million fund. redalpine has backed some successful Fintechs in the past like Klarna and N26 among others. Founded in Zurich in 2007, redalpine also has offices in San… Read More

 Tagged Redalpine, switzerland, vc, venture capital

August 27, 2024 @ 8:35 am By Omar Faridi  |  

Revolut has reportedly signed a global Visa Direct agreement for cross-border business transfers. Revolut has joined forces with Visa in order provide business clients with instant card transfers for cross-border transactions. Digital bank Revolut officially announced that it entered an agreement with Visa Direct agreement… Read More

 Tagged banking, cross-borde transactions, digital bank, europe, israel, revolut, visa

August 27, 2024 @ 8:30 am By Omar Faridi  |  

Binance says it will be listing Eurite (EURI) and introduce EURI zero trading fee promotions as well. Binance reminds users to do their own research before making any trades for the aforementioned token outside Binance in order “to avoid any scams and ensure safety of… Read More

 Tagged binance, Crypto Adoption, euri, eurite, mica