August 25, 2025 @ 1:47 pm By Tony Zerucha  |  

UPay’s 2025 Global Digital Payments Report provides a concise summary of virtual card and digital wallet use. It also offers a prescription for future growth. Digital wallet spending growth over the past decade is essentially tenfold, growing from $1.6 trillion in 2014 to $15.7 trillion… Read More

 Tagged cards, digital wallets, UPay, virtual cards, wallet

August 25, 2025 @ 10:30 am By David J. Tucker  |  

For Fintech startups and their investors, getting a foothold in today’s marketplace is especially daunting. For every fintech startup, there are three that don’t succeed. At both the state and federal levels, there is increasing government scrutiny of fintech platforms, products, and services. Differences in… Read More

 Tagged david tucker, harness ip, intellectual property, ip, legal, patents, perspective

August 25, 2025 @ 9:30 am By JD Alois  |  

Old Glory Bank, a conservative affiliated financial institution, is raising growth capital online under the Reg A+ exemption, which opens up the sale of securities to non-accredited investors. Old Glory Bank, based in Oklahoma but offering digital banking services nationwide, is described as “pro-American” and… Read More

 Tagged banking, digital bank, fiserv, old glory bank, reg a, regulation a, rialto

August 25, 2025 @ 8:38 am By Tony Zerucha  |  

SoFi (NASDAQ: SOFI) and infrastructure provider Lightspark are teaming up to deliver the former’s upcoming international money transfer service. It enables members to send funds abroad directly from the SoFi app. Lightspark, an enterprise infrastructure provider that uses the Bitcoin Lightning Network, will enable the… Read More

 Tagged anthony noto, david marcus, lightspark, sofi

August 25, 2025 @ 6:57 am By Tony Zerucha  |  

Zum Rails – an instant payments ecosystem and embedded finance provider, has launched its new suite of Mastercard–powered prepaid card programs across most of Canada, save for British Columbia.   These reloadable cards will enable businesses to offer expense management, wage access, consumer rewards, and… Read More

 Tagged Balinder Ahluwalia, canada, mastercard, Miles Schwartz, prepaid cards, zum rails

August 25, 2025 @ 2:50 am By Omar Faridi  |  

Ten UK regions have recorded a rise in startup activity in the first half of 2025, signaling renewed confidence in the country’s entrepreneurial sector. According to the New Startup Index from NatWest and Beauhurst, the North East saw the fastest relative growth, with over 10,000… Read More

 Tagged natwest group, smbs, startups, uk, united kingdom

August 25, 2025 @ 1:56 am By Michael Wong  |  

Turkish investment platform Midas has secured $80 million in a Series B round, bringing its total capital raised to more than $140 million as it expands offerings and strengthens security infrastructure. The round, which the company claimed as the largest fundraising by a fintech in… Read More

 Tagged midas, turkey, venture capital

August 24, 2025 @ 11:59 am By Michael Wong  |  

Payments Network Malaysia Sdn Bhd (PayNet), the operator of the country’s national payments network, has expanded its partnership with China’s Ant International to strengthen cross-border digital payments, boost tourism and advance financial technology cooperation. The two firms signed a renewed memorandum of understanding (MoU) that… Read More

 Tagged ant international, digital payments, malaysia, paynet

August 24, 2025 @ 11:58 am By Omar Faridi  |  

In a move to address consumer financial protection, the Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against Synapse Financial Technologies, a now-bankrupt fintech company accused of mishandling customer funds. The lawsuit, filed on August 21, 2025, alleges that Synapse’s operational failures led to… Read More

 Tagged cfpb, consumer financial protection bureau, enforcement, evolve

August 24, 2025 @ 11:55 am By Omar Faridi  |  

Canada’s payment ecosystem is undergoing a significant shift, driven by Payments Canada’s ongoing modernization efforts. At the core of this transformation is the Real-Time Rail (RTR), a new national payment infrastructure set to enable instantaneous, data-rich transactions 24/7. Coupled with the adoption of the ISO… Read More

 Tagged digital transactions, digital transformation, digitalization, payments canada, real-time payments