Global

June 6, 2024 @ 10:04 am By JD Alois  |  

European payments platform Mangopay has announced partnerships with several Spanish firms, including Webel, Filmo, and Kuarere. Mangopay states that collaborating with these three Spanish firms will increase its presence in sectors such as media, entertainment, and home delivery services. Filmo is a B2B2C platform that aims… Read More

June 6, 2024 @ 9:56 am By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced it has raised US$50 million in a Series E funding round. The investment round was led by “a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money.” The sovereign wealth fund… Read More

June 6, 2024 @ 9:49 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation “in the digital asset industry, facilitate USDT-based cross-border payments in… Read More

June 6, 2024 @ 9:21 am By Omar Faridi  |  

Ripple, the enterprise blockchain and crypto solutions provider, announced a partnership with Clear Junction, the global enabler of cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating “instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers.” A host… Read More

June 6, 2024 @ 7:22 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), a modern spin on a retail brokerage, has announced the pending acquisition of Bitstamp, a crypto exchange that operates across the EU, US, UK and Asia. Bitstamp is a top 20 crypto exchange, currently ranked 16th in the world by Coinmarketcap. The digital… Read More

June 6, 2024 @ 7:05 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) warns the public about the activities of several fraudulent market participants and publishes a new ‘blacklist’ (focused on crypto-assets service providers in France). As part of its update, the AMF is adding “to and reorganizing the list of websites… Read More

June 5, 2024 @ 11:54 pm By Omar Faridi  |  

Smart Pension, the UK’s tech-led workplace pension provider, announces a strategic partnership with institutional investment platform and solutions provider Mobius Life. As part of the partnership, Mobius now provides “the investment platform for Smart Pension’s £5bn Assets Under Management (AUM) and 1.4 million member-strong pension… Read More

June 5, 2024 @ 11:13 pm By JD Alois  |  

The European Central Bank (ECB) is expected to cut interest rates tomorrow (June 6) as growth flags across Europe. Earlier today, the Bank of Canada reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5%, noting that the global economy… Read More

June 5, 2024 @ 10:53 pm By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, “which allows users to add accounts from… Read More

June 5, 2024 @ 6:50 pm By Omar Faridi  |  

Token.io announces Prommt as first partner to leverage its new hosted payment pages; enhancing user experiences and maximizing conversion for Pay by Bank. Account-to-account (A2A) payment infrastructure provider, Token.io, confirmed recently the launch of new hosted payment pages “to enhance Pay by Bank user experiences,… Read More

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

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

June 5, 2024 @ 10:03 am By Omar Faridi  |  

Nowadays, cybersecurity has become a paramount concern for organizations of all sizes and industries. As cyber threats continue to evolve in complexity and sophistication, businesses are increasingly turning “to cybersecurity vendors for innovative solutions to safeguard their sensitive data.” However, in the ever-changing world of… Read More

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

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

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

June 5, 2024 @ 8:40 am By Omar Faridi  |  

TWINO Properties’ financial statement for 2023 has been released and they’re sharing key insights behind the Rentals product that was launched in August last year. Here’s a summary of key metrics for 2023, shared by TWINO: Total funding raised: € 655,444 Properties acquired: 3 apartments… Read More

June 5, 2024 @ 7:47 am By JD Alois  |  

Yesterday (June 4), the Bank for International Settlements (BIS) announced Project Rialto, an initiative that aims to review how instant cross-border payments could be improved using a “modular foreign exchange (FX) component combined with settlement in wholesale central bank digital currencies (CBD).” BIS said improving… Read More

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

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