June 5, 2024 @ 6:43 pm By Omar Faridi  |  

It’s now possible to use digital currency in China in order to save carbon credits. Industrial Bank‘s digital RMB application use-cases continue to expand. Recently, it was reported that Industrial Bank has introduced a new service. This is for newly opened real-name Industrial Bank wallet… Read More

 Tagged carbon credits, china, digital currency, industrial bank

June 5, 2024 @ 2:15 pm By Omar Faridi  |  

Deel announced recently that it’s invested in embedded finance platform Alviere. The partnership further bolsters Deel’s commitment “to compliance and flexibility for workers in the US, giving them access to faster and more streamlined wage payouts and a wallet solution.” Alviere’s technology and compliance program… Read More

 Tagged alviere, compliance, deel, remote working

June 5, 2024 @ 10:35 am By JD Alois  |  

Yesterday, the Bank for International Settlements (BIS) revealed Project Rialto, a review of the potential for wholesale digital currency or using central bank digital currency (CBDC) in the settlement process for foreign exchange. BIS said that decentralized processes using interlinked payment infrastructures might be considered… Read More

 Tagged bank for international settlements, bis, cbdcs, europe, neo, payments

June 5, 2024 @ 10:05 am By Omar Faridi  |  

HPS (CSE: HPS), a global provider of payment software and solutions, is pleased to announce that it has agreed to acquire CR2, a digital banking and payments software company headquartered in Dublin, Ireland. This strategic transaction underscores HPS’s commitment “to enhancing its digital banking and… Read More

 Tagged acquisition, hps, ireland, payments

June 5, 2024 @ 9:38 am By JD Alois  |  

Qonto (the commercial name of Olinda SAS) has topped 500,o00 customers, according to a note from the firm. Qonto is a licensed payment institution authorized by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR). The company partners with regulated banks such as Crédit… Read More

 Tagged banking, france, neobank, qonto

June 5, 2024 @ 9:02 am By JD Alois  |  

Sipay, a company that claims to be the fastest-growing Fintech in Turkey, is reporting a $15 million Series A funding round. Sipay states that investors participating in the round include Jitendra Gupta of Citrus Pay and Jupiter, Amrish Rau of Pine Labs, Kunal Shah of… Read More

 Tagged payments, sipay, turkey

June 5, 2024 @ 8:55 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions, announced it is powering the new digital banking application Sumeria, launched recently by French payments firm Lydia Solutions (the company behind the Lydia app). Sumeria has unveiled new digital banking capabilities… Read More

 Tagged banking, digital bank, europe, lydia, marqeta, Sumeria

June 5, 2024 @ 7:21 am By Omar Faridi  |  

Tide, the business financial platform in the UK, has partnered with carbon measurement pioneer Connect Earth to develop and deliver a new range of carbon accounting tools that will help Tide’s members (customers) reduce their carbon footprint. Small businesses currently account “for 50% of the… Read More

 Tagged connect earth, small businesses, tide, uk

June 5, 2024 @ 7:20 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced a collaboration with Mastercard, a global technology company in the payments industry, “to accelerate the implementation and delivery of Mastercard Move, Mastercard’s portfolio of money transfer capabilities, to banks and their customers.” Mastercard Move’s solutions enable banks “to move money internationally… Read More

 Tagged digital technology, mastercard, Mastercard Move, temenos

June 5, 2024 @ 6:07 am By Omar Faridi  |  

PhonePe expanded its loan distribution offerings with the launch of secured lending products on its platform. Partnering with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs, PhonePe armed “with its distribution strength of 535+ Million registered users, aims to create a powerful and… Read More

 Tagged fintech adoption, lending, loans, PhonePe