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Pay.UK and fifteen of the UK’s banks and building societies have decided to shut down the Paym payments system due to diminishing transaction volumes.
mobile payments, payments infrastructure, instant payments, mobile banking
Italy-based Satispay has raised EUR 320 million in a new investment round and is now valued at more than EUR 1 billion or USD 960 million.
funding, Unicorn, mobile payments, mobile banking, investment
UK-based Compass Plus Technologies has introduced a solution named Pocket Bank that aims to reduce time-to-market for launching a mobile banking app.
mobile banking, product launch, digital banking, financial institutions
Samsung has partnered with the India-based Axis Bank and global payments processor Visa to launch Samsung Axis Bank Credit Cards in India.
credit card, mobile banking, partnership, card scheme, fintech
The report outlines recent trends and dynamics across the financial sector, discussing how banking needs to transform in the coming years. It highlights structural trends – digitalisation, financial innovation, evolving customer needs – along with macroeconomic events – COVID, inflation, climate change – and what impacts these will have on the industry.
mobile banking, data analytics, banks, fintech, digitalisation
Switzerland-based fintech and Cembra subsidiary Swissbilling has announced partnering with mobile payment provider TWINT to enable additional app-based payment options.
partnership, expansion, product upgrade, mobile payments, mobile banking, payment processing
RappiPay, Colombian Banco Davivienda and Rappi’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.
mobile payments, online platform, mobile banking, bank transfer, online banking, money transfer, product upgrade, funding, financial services, financial inclusion
FairMoney, a credit-led mobile banking platform for emerging markets in Africa and Asia, has partnered with Oradian, a cloud-based core banking system.
digital banking, banks, partnership, mobile banking, cloud
MX has announced product updates for connectivity, data-driven insights, budgeting tools, and mobile banking, aiming to make data accessible and actionable for all.
product launch, Open Finance, data, mobile banking, financial services
Belgian banking app Banx, powered by Belgian bank Belfius, has announced customers can now pay via Apple Pay and Bancontact.
payments , online payments, online banking, digital wallet, contactless payments, mobile banking
US-based CPaaS innovator Clickatell has partnered with the Central Bank of Nigeria (CBN) to deliver eNaira banking services to Nigerians using the USSD channel.
CBDC, mobile banking, digital wallet, digital payments, financial inclusion
The French banking group BPCE has announced it is merging two of its fintech subsidiaries, PayPlug and Dalenys.
merger, fintech, SoftPOS, mobile banking
Deutsche Bank Vice President Karl von Rohr has announced plans to launch an app-based securities investments offer.
product launch, investment, banks, mobile banking, banking, Deutsche Bank
Germany-based banking infrastructure software provider Mambu has teamed with long-time partner, Pan-African microfinance bank Carbon Finance, to launch BNPL offer Carbon Zero.
partnership, BNPL, online banking, mobile banking, cloud banking
Europe-based digital banking platform Revolut has reportedly been under pressure from its auditors to improve internal controls after UK-based regulators found flaws in the bank’s auditing accounts.
fintech, regulation, regulatory sandbox, FCA, mobile banking, online banking, online bank, digital banking, cryptocurrency, banking license, report
Australia-based Buy Now, Pay Later company Afterpay has decided to cancel the personal finance app Money by Afterpay thus ending its collaboration with Westpac Banking Corp.
personal finance management, partnership, online banking, mobile banking, BNPL
Bank of America has expanded its investments in digital channels as customers shift their transactions online in record numbers.
banks, digitalisation, online banking, mobile banking, investment
Germany-based neobank Vivid has received an investment license from the Dutch Financial Supervisory Authority AFM via its Dutch unit Vivid Money.
expansion, banking license, cashback, mobile banking, banking
UK-based financial technology company Revolut has announced redesigning its offer for 6 to 17-year-olds to include P2P payments and card personalisation.
expansion, bank account, mobile banking, banking, debit card
The Commercial International Bank Egypt (CIB) has launched the Instant Payment Network (IPN) through its digital channels, including internet and mobile banking.
online banking, instant payments, payments , mobile banking