ConsenSys announced on Tuesday it raised $65 million through its latest investment round. The blockchain company reported that J.P. Morgan, Mastercard, and UBS invested alongside blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater… Read More
Cardlay has secured €8 million in capital from a venture fund that’s managed by former Mastercard executive Javier Perez, according to a release. As mentioned on its official website: “Cardlay is a world leading Fintech partner of commercial card services and payment infrastructure. We supply… Read More
Mastercard announced on Monday it has joined forces with Swedish fintech Doconomy to develop the Mastercard Carbon Calculator, a feature specifically for banks to adapt and customize for eco-conscious consumers to monitor their spending habits. “The Carbon Calculator enables consumers to receive a snapshot of… Read More
Opportunity Financial, LLC (OppFi), a U.S.-based fintech platform that powers banks to help the everyday consumer gain access to credit, announced on Wednesday it has joined forces with Mastercard, First Electronic Bank and Deserve to launch OppFi Card, which is a new mobile-first credit… Read More
Airtel Africa, an African mobile money business, recently announced it secured a $100 million investment from credit card giant, Mastercard. Founded in 2010, Airtel Africa claims it is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily… Read More
The Payments Systems Regulator (PSR) in the UK stated on March 31, 2021 that it “provisionally” finds five firms violated the law by “engaging in cartel behavior” in the pre-paid cards market. As stated in a release, three out of five parties actually admitted liability… Read More
NumberX, an Austria-based fintech, recently announced its plans to launch if app-based payment card, which is powered by open banking. Mastercard is notably the company’s strategic partner for the card. Founded in 2020, NumberX’s focus is on maximum freedom and flexibility, the greatest possible acceptance, and… Read More
Mastercard (NYSE:MA) reveals that February 2021 was yet another huge month for digital commerce, which increased 54.7% year-over-year (YOY). Mastercard pointed out that despite the “inclement weather” felt across many parts of the country this past month, US retail sales (excluding automotive and gasoline) surged… Read More
TomoCredit, a U.S.-based fintech that offers a credit card that’s designed to build a credit history for first-time borrowers, announced on Thursday the launch of TomoCredit Mastercard, a high limit offering that does not require FICO or soft or hard inquiries to apply…. Read More
Payoneer Inc., the global payment and commerce-enabling platform, announced on Wednesday it has joined forces with Mastercard to launch the Payoneer Digital Purchasing Mastercard, which is a tailor-made purchase card specifically for small to mid-sized businesses, eCommerce sellers, and freelancers worldwide. Payoneer reported that through… Read More
Digital payments platform Wirex announced on Tuesday the launch of its multicurrency Mastercard debit card in the UK and EEA, as well as its new rewards program, X-tras, across the globe. Wirex reported that after reaching 75,000 people on the waitlist for the new card,… Read More
Mastercard announced on Monday it is expanding the Engage platform. According to Mastercard, the expansion is offering customers access to a growing network of qualified technology and fintech partners that may quickly deploy Mastercard Digital First solutions, which notably will enable customers to provide… Read More
Paysend, a UK-based global payments platform, announced on Thursday a strategic partnership with Mastercard starting in the UK and EEA. Paysend reported that through the partnership it will “boost” the potential of the new Paysend Global Account, combining its Global Transfer together with account/product… Read More
Pine Labs, an India-based merchant commerce platform, announced on Thursday it is expanding its services to Southeast Asia, thanks to key organizational changes. As previously reported, Pine Labs notably offers a merchant platform that includes technology and financial solutions for merchants to help… Read More
Islamabad-based Fintech firm SadaPay has introduced the region’s first numberless debit card. SadaPay’s management confirmed that the company’s debit card is now officially the first numberless card to be launched across all of the MENA region. The SadaPay team noted in a blog post: “This… Read More
Mastercard announced on Wednesday it has joined forces with Island Pay to launch the Bahamas Sand Dollar prepaid digital currency-linked card. Mastercard revealed that under the program, the Bahamas Sand Dollar card allows people the option to instantly convert the digital currency to traditional… Read More
Cryptocurrency payments platform BitPay announced on Friday its prepaid Mastercard now supports Apple Pay. BitPay reported the digital payment option is available from within the BitPay app to the millions of Apple Pay customers and billions of iPhone users. “Users can add the BitPay… Read More
PayPal Holdings Inc (NASDAQ:PYPL) has reportedly stated that they won’t be purchasing cryptocurrencies like Bitcoin (BTC), the payments giant’s CFO John Rainey told CNBC on Thursday (February 11, 2021). Rainey clarified that PayPal would not be investing corporate cash (probably) “in sort of financial assets… Read More
Mastercard announced on Wednesday it is set to bring cryptocurrency to its network. The financial giant reported that this is a big change that will require a lot of work and it will be very thoughtful about which assets we support based on its principles… Read More
Astia has introduced a $100 million early-stage venture fund in order to address gender disparities in the funding space. The Astia Fund is supported by a major investment from payments giant Mastercard. Astia is an organization that’s focused on “redefining” or transforming the current venture… Read More
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