Tagged: fintech adoption

June 10, 2023 @ 12:30 pm By Omar Faridi  |  

The Netherlands has recently completed the launch of a contactless transit payments system nationwide, “simplifying access and allowing travelers to tap-in and tap-out with their debit card, credit card or digital wallet.” All public transport across the country – “including trains, buses, metros, and trams… Read More

June 8, 2023 @ 11:36 pm By Omar Faridi  |  

Griffin, the UK’s full-stack Banking as a Service platform, announced that it has raised $13.5 million (£11 million) in a Series A funding round “led by global VC firm, MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.” This investment round… Read More

June 8, 2023 @ 11:32 pm By Omar Faridi  |  

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

June 8, 2023 @ 8:52 am By Omar Faridi  |  

Plum, the “smart money” app, is reportedly planning to launch a new “Interest” offering in Q3, so customers can benefit more quickly and directly from rising central bank rates. Plum customers in the UK and EU will be able “to hold their money in government-backed… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

June 7, 2023 @ 10:54 pm By Omar Faridi  |  

Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a strategic partnership with global technology company Mastercard, aimed at introducing account-to-account (A2A) payments on Mastercard Payment Gateway Services (MPGS). The agreement was “signed at Seamless Middle East, the largest… Read More

June 7, 2023 @ 10:42 pm By Omar Faridi  |  

NatWest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech, Cushon. In February 2023, NatWest Group agreed “to acquire 85% of Cushon for £144m, with 15% retained by Cushon management.” This acquisition was subsequently “approved by the FCA in… Read More

June 7, 2023 @ 8:14 pm By Omar Faridi  |  

A B2B marketplace for payments solutions, the JP Morgan Payments Partner Network aims to connect J.P. Morgan (NYSE:JPM) clients “with the broader payments and technology ecosystem.” This searchable ‘one-stop shop’ will open up new opportunities for the payments industry. Tapping into the power of the… Read More

June 7, 2023 @ 6:56 pm By Omar Faridi  |  

PhonePe Group, which recently received the NBFC-AA license from RBI, announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL). PTSPL’s Account Aggregator service “will allow Indian consumers to consent to and share all their financial… Read More

June 7, 2023 @ 3:58 pm By Omar Faridi  |  

The age of embedded finance and digital financial services has reached an inflection point, “with new payments and shopping solutions now commonplace in the US alongside legacy systems,” according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform. The company’s… Read More

June 7, 2023 @ 3:56 pm By Omar Faridi  |  

PayQuicker, an innovative financial technology leader in the global payouts market, is strengthening its payouts orchestration platform, Payouts OS, “by announcing the following new partners: Qolo, Fortress, and Citcon.” Qolo was selected as “an issuing-processing partner for Payouts OS, to issue a more advanced suite… Read More

June 7, 2023 @ 12:01 pm By Omar Faridi  |  

Pepper Advantage, a global credit intelligence company, has obtained an AFPI fintech license to service the growing number of non-bank credit providers operating in Indonesia. With 112 fintech companies providing secured and unsecured credit products, non-bank lenders are “a significant factor in providing digital financial… Read More

June 7, 2023 @ 9:15 am By Omar Faridi  |  

iiPay, a provider of cloud-based global payroll software solutions, announced the release of the innovative ContractorPay, a new solution designed to support the rapidly growing gig economy. This new offering “will empower multi-national corporations to effortlessly manage payments to their contractors across the globe, alleviating… Read More

June 6, 2023 @ 11:11 pm By Omar Faridi  |  

Global cross-border payment infrastructure company Thunes and Rawbank, the bank in the Democratic Republic of Congo (DRC), announced a partnership “to facilitate cross-border transaction flows between the DRC and the rest of the world through illicocash.” By partnering with Thunes, Rawbank now “becomes the first… Read More

June 6, 2023 @ 8:43 pm By Omar Faridi  |  

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More

June 6, 2023 @ 5:41 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced its strategic partnership with paymints.io, a Software-as-a-Service (SaaS) platform to for real estate payment transactions. This collaboration marks “a significant milestone in transforming the way stakeholders in real estate transactions handle and… Read More

June 6, 2023 @ 3:07 pm By Omar Faridi  |  

Chargebacks911 and Fi911, the firm focused on chargeback management technology, announced the appointment of payments industry professionals Guy Harris as its Chairman of the board, and Eric M. Hoffman as President of Interbank Solutions and board member. The two experienced and well-connected payments professionals, “who… Read More

June 6, 2023 @ 8:12 am By Omar Faridi  |  

Mercedes-Benz Financial Services USA LLC, which provides finance, lease and insurance services to customers of Mercedes-Benz brand cars, SUVs and vans, announced that the CEO of Mercedes pay USA will take part in a connected car panel at AutoTech Detroit on Wednesday, June 7th to… Read More

June 6, 2023 @ 7:25 am By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has unveiled its new brand for the Fintech and payment companies “with a unique, stand-out brand concept.” With its ability to create unique customer use cases, easier payment flows, happier customers, and stronger revenues, Enfuce wants “to be known… Read More

June 6, 2023 @ 7:21 am By Omar Faridi  |  

Backbase, which claims to be the global leader in Engagement Banking, proudly announced the appointment of Joost van Mook as Chief Commercial Officer today. Van Mook takes to Backbase’s customer-facing organization, “more than 17 years in enterprise application businesses.” Most recently he has “made an… Read More