Global

March 11, 2024 @ 8:00 am By Omar Faridi  |  

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

March 11, 2024 @ 7:58 am By Michael Wong  |  

The Kremlin has announced plans to create an independent payment system within the BRICS group of nations, employing blockchain and digital currencies. Kremlin aide Yury Ushakov, in a detailed interview with Russian news agency TASS, highlighted the initiative aimed at developing a financial infrastructure that… Read More

March 10, 2024 @ 11:53 pm By Omar Faridi  |  

Currencycloud, a Visa solution and the specialists in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to “provide a full suite… Read More

March 10, 2024 @ 11:45 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in seven top-performing projects from the sixth season of its Incubation program. The 2-month incubator which “commenced in December 2023, is designed to empower early-stage founders offering 1:1 mentorship from the Binance Labs… Read More

March 10, 2024 @ 11:44 pm By Omar Faridi  |  

In a move to promote the widespread adoption of Web3, Wert, the payment solution provider facilitating fiat payments in the Web3 space, has broadened its card acceptance capabilities in collaboration with Worldpay, a globally recognized payment processor. This expansion encompasses the “inclusion of JCB, American… Read More

March 10, 2024 @ 10:48 pm By Michael Wong  |  

Israeli Fintech firm Nayax has solidified its position in the Latin American market with the recent acquisition of VMtecnologia, a key player in the technology provision for the automated self-service industry in Brazil. This move, marking the company’s second acquisition in just over four months,… Read More

March 10, 2024 @ 2:26 pm By Michael Wong  |  

The Central Bank of Kenya (CBK) has significantly expanded its digital lending landscape by granting licenses to 19 new digital credit providers (DCPs), bringing the total to 51 licensed firms. This announcement marks the latest effort by the CBK to regulate the burgeoning fintech sector,… Read More

March 10, 2024 @ 1:27 pm By Omar Faridi  |  

‍Smart Pension, one of the UK’s workplace pension providers, has announced that its master trusts have reached £5 billion in Assets Under Management (AUM). Smart Pension, which operates the Smart Pension Master Trust, says it “serves over 1.4 million members and more than 70,000 employers… Read More

March 10, 2024 @ 12:26 pm By Omar Faridi  |  

NICE Actimize, a NICE (NASDAQ: NICE) business, announced the launch of ARCHIVE-X, a cloud-based, all communications-in-one archiving and records management solution for financial services firms. NICE Actimize’s ARCHIVE-X reportedly “provides buy-side, sell-side, and online trading platforms, as well as insurance and wealth management firms, with… Read More

March 10, 2024 @ 12:00 pm By Michael Wong  |  

The departure of cryptocurrency giant Binance Holdings Ltd from Nigeria has raised concerns among experts and cryptocurrency enthusiasts about its potential to exacerbate youth unemployment in the country. The firm announced last week that it would cease all operations for the Nigerian naira, discontinuing support… Read More

March 9, 2024 @ 2:45 pm By Omar Faridi  |  

Corporate venture capital-backed deals and dollars fall to multi-year lows as CVCs shield themselves from the volatile tech market, according to a report from CBInsights. CBInsights noted in its latest update that the corporate venture capital (CVC) market has constricted “amid corporate belt-tightening and subdued… Read More

March 9, 2024 @ 12:15 pm By Omar Faridi  |  

Visa (NYSE: V) announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, Western Union customers will be “able to send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.” The agreement encompasses… Read More

March 9, 2024 @ 12:04 pm By Omar Faridi  |  

Klarna, a global payments provider, has announced its significant sustainability achievements from the past year. In 2023, Klarna claims it saw “a significant uptick in the use of its features that provide consumers with information about the sustainability efforts of merchants and promote conscious shopping,… Read More

March 9, 2024 @ 12:02 pm By Omar Faridi  |  

Sam Altman’s crypto-related initiative Worldcoin has reportedly been told by authorities in Spain to stop collecting and using consumers’ personal data. Spain‘s data protection regulator, AEPD, has reportedly banned Worldcoin for as many as three months in a key decision that the organization states is… Read More

March 9, 2024 @ 6:03 am By Omar Faridi  |  

Nium, the enabler of real-time cross-border payments, announced its partnership with Secret Escapes, which claims to be one of the world’s leading luxury travel and experiences companies, to deliver enhanced payment services for its global network of hotel partners. Secret Escapes partners with trusted providers… Read More

March 8, 2024 @ 6:12 pm By Omar Faridi  |  

Ahrvo Labs, an identity, document, and transaction management system provider, today announced it will integrate with MX Technologies, Inc., in order to “enhance its identity and transaction management systems — and streamline onboarding processes for U.S. clients.” Financial services and payment providers “using Ahrvo for… Read More

March 8, 2024 @ 5:23 pm By Omar Faridi  |  

xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe. This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and… Read More

March 8, 2024 @ 1:51 pm By Omar Faridi  |  

PPRO, the local payments platform, has announced the appointment of three new senior leaders across legal and compliance: Selene Brett as Chief Legal, Risk and Compliance Officer, Marc Kuzak as Legal Director, and Massimiliano Conte as Compliance Director. Through these new appointments, PPRO is bolstering… Read More

March 8, 2024 @ 9:56 am By JD Alois  |  

This week, the Chancellor of the Exchequer, Jeremy Hunt, revealed the UK government’s Spring Budget. While the list of policies and changes is rather long, the UK Crowdfunding Association (UKCFA) has highlighted several changes that will benefit the industry. First, there is an increase in the… Read More

March 8, 2024 @ 8:18 am By Omar Faridi  |  

Mox has partnered with Wise Platform in order to launch low-cost and transparent international payments. Wise (LSE:WISE) confirmed in a blog post that it is launching its new collaboration with Mox Bank Limited, a virtual bank in Hong Kong. With this integration, Mox customers can… Read More