UAE Fintech Spotii, which Offers a “Shop Now, Pay Later” Service without Charging Interest, Secures Additional Capital from Daman Investments by Omar Faridi

South Korean Blockchain Project ICONLOOP Acquires $5 Million in Additional Investments, After Receiving Capital from $100 Million K-Growth Fintech Innovation Fund

South Korea’s ICONLOOP, a company that developed its own blockchain-powered engine, loopchain, which is used for various Internet services, has reportedly acquired KRW 6 billion (appr. $5 million) in additional investments.  The company has secured a total of KRW 16 billion (appr. $13.4 million) in… Read More

InstaReM Launches “BizPay” Solution for SMEs in Australia

InstaReM, a payments Fintech that is part of Nium, has launched BizPay in Australia. The service is designed to assist SMEs by converting credit cards into working capital. The announcement comes soon after the same product launched in Singapore in June. InstaReM believes that SMEs… Read More

MENA Region Financial Hubs, the UAE and Qatar, Report Significant Increase in Digital Banking Activities during COVID-19

Abu Dhabi Islamic Bank (ADIB), a leading UAE-based financial institution, reports that it has experienced significantly increased levels of digital banking adoption across its retail and corporate services during H1 2020. As noted in a release, almost 60% of ADIB’s retail clients have been using… Read More

There are Reportedly Over 230 Blockchain or DLT focused Organizations Operating in Singapore

Several Singapore-based organizations recently teamed up to create a map of what the city-state’s blockchain or distributed ledger technology (DLT) sector looks like, and how it has grown considerably this year when compared to 2019. Many major DLT initiatives in the country are supported in… Read More

Dubai based Wirecard Executive Arrested, More May Follow

Multiple reports indicate that Wirecard’s (WDI:DE) top person in Dubai has been arrested. According to Reuters, the Munich prosecutor “questioned the chief executive of Cardsystems Middle East FZ-LLC earlier in the day and arrested him on the basis of a warrant.” The unnamed executive reportedly… Read More

Get Nude: Offering on Seedrs for Home Purchasing App Goes Public after Raising £3.3 Million in Private Segment, Plans to Apply for Bank License

Nude, a home savings app, quickly raised about 96% of its securities offering goal during the private stage of the listing on Seedrs. According to the company, it raised 96% of its £3.5 million target during the private phase of the campaign over the weekend…. Read More

Alternative Banking, Payments, & Processing Provider Contis Launches “Quick Migration” to Support Wirecard Customers

Contis Group, an alternative banking, payments, and processing provider, announced on Friday it has launched “quick migration” in order to support Wirecard customers. The launch of the quick migration processing comes less than a month after Wirecard filed for bankruptcy last week following the announcement… Read More

Credit Suisse Adds Google Pay to Mobile Payment Offering

  Credit Suisse announced on Monday it is expanding its mobile payment options for credit card clients by offering Google Pay. Credit Suisse reported that from mid-August 2020, credit card clients in Switzerland will be able to use Google Pay in addition to existing mobile… Read More

Adyen Announces Expansion of Acquiring Capabilities to Malaysia

Payments platform Adyen (AMS: ADYEN) announced on Monday it is expanding its acquiring capabilities to Malaysia. According to Adyen, the expansion helps businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments. “Adyen acquiring complements… Read More

Starling Bank Adds US Dollar Account Feature, Business “Toolkit”

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

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