January 18, 2025 @ 4:56 pm By Tony Zerucha  |  

This week, KCB Bank Kenya and UnionPay International partnered to enhance e-commerce payment capabilities in Kenya, enabling UnionPay cardholders to transact on digital platforms. This collaboration is aimed at enriching the online shopping experience for consumers and merchants across Kenya. “We are delighted to join hands with UnionPay… Read More

 Tagged Asad Burney, e-commerce, Jane Isiaho, Kenya, unionpay international

January 17, 2025 @ 7:11 pm By Omar Faridi  |  

Thunes, the “Smart Superhighway” to move money around the world, today welcomes Hyperwallet, a PayPal service for global payouts, as a Member of Thunes’ Direct Global Network. As part of this network, Hyperwallet customers can send money in real-time to “more than 450 million mobile… Read More

 Tagged apac, digitalization, hyperwallet, international payments, thunes

January 17, 2025 @ 4:18 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one… Read More

 Tagged digital financial services, loan securitization, pgim fixed income, sofi

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

 Tagged research, savings, starling bank, uk, united kingdom

January 17, 2025 @ 11:47 am By Omar Faridi  |  

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

 Tagged airwallex, brazil, Business Expansion, latam, mexico

January 17, 2025 @ 8:40 am By JD Alois  |  

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

 Tagged banking, fdic, financial technology association, fta, regulations

January 17, 2025 @ 7:37 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

 Tagged pensionbee, pensions, uk, united kingdom

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

 Tagged lending, lendinvest, mortgages, product update, uk

January 16, 2025 @ 7:04 pm By Omar Faridi  |  

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

 Tagged dailypay, earned wage access, ewa, financial wellbeing

January 16, 2025 @ 7:02 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canada’s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

 Tagged canada, cybersecurity, mastercard, technology workforce