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US-based Pomelo, a fintech startup that combines international money transfer with credit, has raised USD 35 million in Series A funding round.
remittance, money transfer, credit card, funding, expansion
Revolut, a prominent fintech firm headquartered in London, is considering strategies to capitalize on customer data by potentially sharing it with advertising partners.
prepaid card, authorisation rate, banking license, financial inclusion, mobile banking
Mastercard has partnered with pan-African payments provider Onafriq to provide payment solutions to consumers and SMEs in Africa.
partnership, payments , SMEs, cross-border payments
US-based payment technology corporation Mastercard has expanded its collaboration with Equity Bank in a bid to improve cross-border payments for the latter’s users.
partnership, cross-border payments, transactions , financial services, expansion, remittance
UK-based fintech company Revolut has obtained an in-principal authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) in the region.
payments , mobile payments, financial inclusion, local payment method, cross-border payments
Fintech specialist Tranglo has expanded its cross-border payment network, allowing instant and direct transfers to over 30 e-wallets.
cross-border payments, e-wallet, remittances, financial inclusion
UK-based payment services provider TerraPay has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
money transfer, remittance, MPI licence, cross-border payments, regulation
US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
remittance, mobile payments, digital wallet, FX , money transfer
Global financial technology company MoneyGram has entered a collaboration with Tencent Financial Technology in a bid to enable digital remittances in China.
partnership, online payments, ecommerce, financial inclusion, financial services, cross-border payments
Xoom, PayPal's cross-border money transfer service, now allows US users to fund transfers abroad using USD converted from the PayPal USD (PYUSD) stablecoin.
cross-border payments, stablecoin, transactions , funding
UK-based fintech Paysend has chosen Currencycloud to boost its FX and treasury capabilities, becoming a key partner for cross-border money movement.
remittance, money transfer, FX , expansion, digital wallet
EU-based payment system operator Tempo France has announced its decision to suspend classical remittance services and exclude them from its product suite.
remittances, money remittance, KYC, stablecoin, web3, DeFi
Payment startup Stables has announced the launch of international remittances for customers and clients between the regions of Australia and the Philippines.
product launch, expansion, payments , cross-border payments, cross-border ecommerce, online payments, digital payments, mobile payments, ecommerce
UK-based fintech company Leatherback has entered a strategic collaboration with YES BANK to allow simplified remittance and INR payouts in India.
mobile payments, online payments, cross-border payments, remittance, money remittance
US-based payment technology corporation Mastercard has released a whitepaper on the current status of cross-border payments in Latin America.
online payments, cross-border payments, remittance, money remittance, digital payments, digitalisation, financial inclusion
Building onto our previous reporting related to the partnerships that took place in Q4 2023 within the banking and fintech space, this analysis focuses on the payments and commerce industry.
partnership, payments , ecommerce, regulation, financial institutions, fintech, startup, merchant, payment processor, mobile payments
Zambia-based card issuing fintech startup Union54 has announced the launch of ChitChat in the region, aiming to improve the digital finance and social commerce landscape in Africa.
product launch, digital wallet, digital payments, partnership, social commerce, financial inclusion
Kenya-based telecommunications company Safaricom has augmented its M-PESA platform, through a partnership with Onafriq, to offer remittances to Ethiopia.
remittance, money transfer, mobile payments, expansion, growth markets
US-based payment technology corporation Mastercard has announced the expansion of its cross-border payment solutions by connecting to China-based Alipay.
cross-border payments, online payments, digital payments, expansion, financial inclusion
International payments firm Inpay has announced its plans to facilitate the European expansion of the global payment service provider (PSP) Tranglo.
partnership, SEPA, instant payments, real-time payments, cross-border payments