August 10, 2024 @ 2:30 pm By Omar Faridi  |  

dLocal, the cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer, a cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets “is currency volatility, which can… Read More

 Tagged apac, dlocal, latin america, payments

August 10, 2024 @ 12:54 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced the lifting of its moratorium on the issuance of new digital banking licenses, effective January 1, 2025. The decision, approved by the Monetary Board, will allow up to ten digital banks… Read More

 Tagged bangko sentral ng pilipinas, banking, central bank, digital bank, online bank, Philippines

August 10, 2024 @ 11:02 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO) recently Reported its second quarter 2024 financial results and also raised 2024 guidance. Payoneer is reporting 22% volume growth accelerates “for a sixth consecutive quarter, reflecting consistent execution.” Payoneer also reported 40% B2B volume growth “driving continued SMB take rate expansion.” The… Read More

 Tagged financial results, financial services, payments, payoneer

August 10, 2024 @ 10:56 am By Omar Faridi  |  

Stripe has announced Adaptive Pricing for businesses in Asia Pacific and Latin America. According to Stripe, this means businesses can “automatically show pricing in local currencies for buyers in over 150 countries.” As noted in an update from Stripe, online shoppers are “purchasing more goods… Read More

 Tagged adaptive pricing, financial infrastructure, fintech trends, stripe

August 10, 2024 @ 10:55 am By Omar Faridi  |  

Remote working Fintech Deel announced recently that it will be acquiring Hofy. Deel claims that they are now “bringing the best IT services and device lifecycle management in-house.” According to a blog post by Deel, over the past few years, “running a global HR function… Read More

 Tagged acquisition, deel, fintech trends, hofy, it services, remote working

August 10, 2024 @ 10:52 am By Omar Faridi  |  

Consumer protection is a strategic pillar for the Malta Financial Services Authority (MFSA) and enabling financial literacy is part of this key objective. By supporting financial literacy and promoting a stable financial system, the Authority is committed to “fostering responsible and informed financial decision-making by… Read More

 Tagged consumer protection, europe, malta, mfsa

August 10, 2024 @ 7:31 am By Tony Zerucha  |  

Torpago, a commercial credit card and spend management provider for banks, has announced the hiring of Chris Boncimino to head business operations. Boncimino will lead business operations with a focus on growth and product development for Torpago’s Powered By program management service. Boncimino’s fintech experience… Read More

 Tagged brent jackson, Chris Boncimino, credit card, paypal, spend management, torpago, visa

August 9, 2024 @ 5:41 pm By Omar Faridi  |  

Philippines based digital bank, Tonik, announces its expansion to Cebu, bringing its full suite of customer-centric and innovative products to this region. This move underscores Tonik’s vision to “enhance financial inclusivity and provide accessible banking solutions to more Filipinos.” With this expansion, customers in Cebu… Read More

 Tagged cebu, digital bank, Philippines, tonik

August 9, 2024 @ 5:40 pm By Omar Faridi  |  

New research shared by Splitit illustrates the rapid evolution underway in the payments landscape and the implications for customer loyalty and retention. The report, “Innovations and Developments of Card-Linked Installment Plans,” finds that most merchants have seen “a significant increase in the use of credit… Read More

 Tagged customer loyalty, payments, research, splitit

August 9, 2024 @ 11:12 am By Omar Faridi  |  

PhonePe announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more “accessible and affordable for millions of Indians by waiving the requirement for proof of income at the time of policy purchase.” With this launch,… Read More

 Tagged india, insuance, life insurance, PhonePe