Retirement Plan Provider 401GO Celebrates $12M Series A by Tony Zerucha

Reserve Bank of India Clarifies Guidelines for Default Loss Guarantee in Digital Lending

The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More

Thailand and Australia Forge Partnership to Boost Fintech Industry

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More

Hong Kong Welcomes 14 Overseas E-Wallets Through Alipay+ Expansion

Users of 14 popular e-wallets from nine countries and regions can now make transactions in Hong Kong using their home applications, facilitated by Alipay+, Ant International announced on Friday. This integration marks the largest single-time introduction of international payment apps into Hong Kong’s offline commercial… Read More

Checkout.com Analysis Reveals Key Shifts in Transaction Volumes After UAE Experienced Severe Weather Conditions

In the aftermath of recent severe weather conditions the UAE witnessed, global payments solution provider Checkout.com has conducted a comprehensive analysis revealing significant shifts in transaction volumes across various sectors. The data sheds light on the profound impact of adverse weather “on consumer online shopping… Read More

Bill Payment Fintech doxo Rails Against FTC Suit

This week doxo, a Fintech providing bill-paying services, railed against a lawsuit filed by the U.S Federal Trade Commission,  saying the complaint “indicates a fundamental misunderstanding of the existing bill-pay market and the structural inefficiencies that work against consumers.” In a release, doxo said the… Read More

Teampay Acquired by Paystand, Aims to Become Venmo for B2B

Paystand has acquired Teampay, according to a statement from the company. Details of the transaction were not immediately available. Paystand is a payments platform that claims to be the largest B2B receivables, payables, and payments network running on blockchain. Paystand digitizes receivables and automates processing… Read More

European Digital Banking Platform CaixaBank Reportedly Adheres to Pegasus Guidelines

CaixaBank has reportedly become the first Spanish bank to adhere to the Pegasus Guidelines, the first voluntary climate-aligned finance framework for the aviation sector, “designed to help banks independently measure and disclose the emissions intensity and/or climate alignment of their aviation lending portfolios compared to… Read More

UK’s FCA Aims to Ensure Sustainable Products Being Offered Are Accurately Described

Ahead of the anti-greenwashing rule coming into force on 31 May, the UK’s Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers “by ensuring sustainable products and services they are sold… Read More

Federal Trade Commission Takes Action Against Bill Payment Firm for Allegedly “Misleading” Consumers, Tacking on Millions in Junk Fees

The Federal Trade Commission is taking action against bill payment company Doxo and two of its co-founders, charging that the company allegedly “uses misleading search ads to impersonate consumers’ billers and deceptive design practices to mislead consumers about millions of dollars in junk fees they… Read More

Alchemy Pay to Support of Tether’s Stablecoin USDT on TON Network

Alchemy Pay has integrated the newly-launched USDT on TON stablecoin by Tether onto its payment ramp, expanding accessibility and enhancing the user experience “for those looking to engage with USDt on TON through fiat transactions, reaching out to the vast network of Telegram’s 900 million… Read More

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