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Business strategy expert, Ather Rizvi, talks about what are the main trends and developments that are shaping the UAE payments landscape.
fintech, cross-border payments, digital identity, digital onboarding, startup, regulatory sandbox
IFGS 2024 brought together industry leaders spanning innovators, fintech executives, institutions, regulators, policymakers, startups, and investors for two days of thought-provoking discussions in one venue.
fintech, financial inclusion, Open Banking, Open Finance, payments , regulation, financial data, cryptocurrency
South Africa’s central bank (SARB) has revealed a roadmap that would improve the country’s adoption of digital payment technologies.
digital payments, report, cryptocurrency, CBDC
Cryptorefills Labs, a prominent entity in the cryptocurrency domain, has unveiled its latest research report titled ‘Stablecoins in Crypto-Shopping.’
stablecoin, cryptocurrency, crypto asset, blockchain, DeFi
Aurora Payments has introduced the ARISE Payment Platform, a cloud-based, payment-agnostic payment system designed for SMBs.
payments , SMEs, product launch, merchant
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
The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to crypto market maker GSR Markets.
cryptocurrency, regulation, MPI licence, trading platform, Bitcoin
AI-powered global payments network Klarna has announced the launch of its Wikipink product, a data hub with information on how UK clients use the company’s solutions.
product launch, data sharing, payments , credit scoring, online payments, mobile payments, digital payments, ecommerce
Lena Hackelöer, CEO of Brite Payments, explores the rise of Pay by Bank and the future of instant payments, leading the charge in Europe's digital economy.
online payments, mobile payments, payments , instant payments, Open Banking
STC Bank has announced the launch in Beta, as the financial institution received formal approval from the SAMA in order to continue its development journey.
product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
SC Ventures, the fintech investment arm of Standard Chartered, has partnered with NEXT176, the venture building arm of Old Mutual, to launch an inclusive financial wellness platform.
financial inclusion, wealth management, digital banking, partnership
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
The BIS and seven central banks have partnered with the private sector to explore tokenisation's impact on the monetary system.
tokenization, central bank, distributed ledger technology, cross-border payments
Commerzbank has updated its platform in Germany to process cross-border payments via the SWIFT network and high-value, urgent payments via TARGET 2 or EURO 1 systems.
cross-border payments, SWIFT, product upgrade, payment processing, ISO 20022
Netherlands-based fintech Adyen has become an acquirer for the mobile payment service provider PayMe by HSBC in Hong Kong.
mobile payments, ecommerce, Acquirer, merchants, local payment method
Royal Bank of Canada (RBC) has completed the acquisition of HSBC Bank Canada in a bid to expand the country’s international banking capabilities.
acquisition, merger, banks, financial services
Israel-based identity verification company AU10TIX has announced an expanded solution for its Digital ID identity verification product.
expansion, product upgrade, identity verification, fraud prevention
UK-based regulatory compliance platform Global Screening Services (GSS) has announced that it secured USD 47 million in a Series A2 funding round.
investment, funding, financial institutions, compliance, regulation
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