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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
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
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
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
Emerging Markets Global Advisory LLP (EMGA) has partnered with Banco Improsa to secure a USD 15 million line of credit.
partnership, funding, investment, SME lending
UAE-based du has announced the launch of du Pay to boost UAE’s transition toward a cashless economy and support the national digitalisation agenda.
mobile payments, cross-border payments, product launch, financial inclusion, digitalisation
Turkey-based retail investing startup Midas has raised USD 45 million in a Series A funding round led by Portage.
funding, investment, cryptocurrency, expansion, fintech
Fintech-as-a-service (FaaS) provider Soft Space has partnered with Japan-based international payments brand JCB to launch a payment gateway in Malaysia.
partnership, payments , ecommerce, payment gateway
A study conducted by TransUnion has revealed that enrolments for self-credit monitoring have seen a notable increase among Hong Kong residents.
credit scoring, research, study, financial services, financial data
The US Faster Payments Council (FPC) has released a report that explores QR code adoption for faster payments at point-of-sale.
report, research, QR code, QR payments, POS
Airwallex has partnered with Bird, a global communication platform, to power Bird’s international payments operations.
partnership, Global Payments, financial services, spend management, embedded finance
Reuters reports that the European Central Bank (ECB) has decided to instruct Italy-based UniCredit to scale down its business activities with Russia.
compliance, regulation, financial sanctions, financial services
The UK’s Metropolitan Police has announced that it infiltrated LabHost, a fraud website leveraged by criminals to scam individuals into handing over their personal data.
scam, money scam, online security, fraud management, fraud detection, online fraud
WorldFirst launches the global sourcing payments solution WorldTrade in order to facilitate secure, fast, and efficient B2B trade for SME customers.
product launch, payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce
Netherlands-based Engagement Banking Platforms provider Backbase has entered a strategic partnership with EverBank to improve commercial and treasury solutions.
partnership, digital banking, customer experience, online banking, treasury, commercial card
The Canadian government has revealed its plans to introduce a legislation to establish the foundational elements of an Open Banking Framework.
Open Banking, regulation, financial services, data sharing
Denmark-based payment solutions provider Flatpay has raised USD 47 million in its Series B funding round led by Dawn Capital.
merchants, POS, funding, SMEs, expansion
Paola Cristina Nunez Ameri, CRCO and AMLCO, at Citibank Europe: ‘Artificial Intelligence has arrived, our job is to implement it ethically and responsibly.’
compliance, artificial intelligence, banks, AML, KYC, transaction monitoring, risk management
Ray Shinzawa, Managing Director at JCB International (Europe), discusses how merchants can adopt technological advances to offer frictionless payments and address security concerns.
payments , credit card, merchants, digitalisation, contactless payments, mobile payments, e-wallet, digital wallet, tokenization, biometric authentication, 3-D Secure, compliance, customer experience
Independent not-for-profit standards association BIAN has announced the development of its network, as well as its commitment to optimising its banking solutions.
expansion, banking, online banking, mobile banking, digital banking, financial services, financial institutions