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American ride-hailing company Uber has chosen to temporarily halt its fintech strategies in Mexico, despite previously securing the necessary licence to deliver financial products.
fintech, financial services, financial inclusion, digital payments, debit card
Airwallex has launched the Airwallex Borderless Visa Card in Canada, providing Canadian businesses with a virtual card issued by Peoples Trust Company.
cross-border payments, credit card, debit card, fintech, virtual card
Nuvei has secured an MPI license in the region of Singapore to accelerate its APAC expansion and to provide customers in the country with additional solutions.
expansion, product launch, payments , online payments, mobile payments, digital payments, ecommerce
UK-based fintech unicorn Revolut has gained approval from Mexico's National Banking and Securities Commission (CNBV) to establish itself as a bank in Mexico.
banking, super app, expansion, financial services
Hidir Yildiz, Mergers and Acquisitions Manager at Finance Incorporated Limited (FIL), sheds light on the company's forward-thinking approach to expansion.
mobile payments, EMI licence, ecommerce, cross-border payments, fintech
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
UAE-based online payment gateway Telr has been granted in-principle approval for the Retail Payment Services & Card Schemes License from the Central Bank of UAE (CBUAE).
digital payments, ecommerce, central bank, payment gateway, fintech
US-based crypto solutions company Ripple has planned to issue a stablecoin, pegged 1:1 to the US dollar.
stablecoin, XRP, Ethereum, blockchain, DeFi
Shaul David, Embedded Finance Advisor: Despite regulatory challenges, the BaaS excitement remains strong, but the lack of cross-jurisdictional platforms hinders global Embedded Finance adoption.
BaaS, banking-as-a-service, embedded finance, fintech, banks, payments
Austria-based payment brand Bluecode has entered into a strategic partnership with European technology bank Viva.com.
QR payments, banks, financial services, partnership
At MPE Berlin 2024, we interviewed Mike Goodenough, Banking Services Consultant at LHV, to learn more about the tech-focused bank and how its solutions are shaping the future of digital banking and payments.
banking, retail banking, digital banking, SEPA, SEPA Direct Debit, online payments, online platform, financial services, financial inclusion, financial data, banking license, instant payments, fintech
Japan-based Hokkoku Bank has launched one of the first stablecoins in Japan backed by bank deposits.
stablecoin, web3, cashless, bank account, merchant
US and UK authorities have analysed cryptocurrency transactions exceeding USD 20 billion that flowed through a Russia-based virtual exchange.
cryptocurrency, financial sanctions, cryptocurrency exchange, transactions , compliance, regulation
allpay has been appointed as the supplier of Crown Commercial Service’s Open Banking and Fund Administration & Disbursement Services Dynamic Purchasing Systems.
partnership, banking, online banking, mobile banking, digital banking, Open Banking, Open Finance
Bulgaria-based Embedded Finance provider Paynetics has announced the strategic acquisition of UK-based neobank Novus.
acquisition, neobanks, fintech, embedded finance, ESG
US-based fintech Chime has augmented its fee-free overdraft feature SpotMe by making it available for members using the Credit Builder Visa credit card.
credit card, product upgrade, credit scoring, financial services, lending
UK-based Volopa has announced its partnership with ClearBank in order to accelerate the expansion of its product portfolio for SME clients.
partnership, banking, online banking, mobile banking, digital banking, financial services, financial institutions, EMI licence, SMEs
The National Payments Corp of India (NPCI) has planned to authorise a third-party application provider (TPAP) licence for Paytm, an India-based digital payments app.
banking license, online banking, banks, mobile banking, digital banking
Global technology company Wise has obtained a Type 1 licence in Japan to support higher transaction limits.
transactions , fintech, financial services, product upgrade
Union Pay International (UPI) has recently announced a partnership with First Parking in Australia to launch a frictionless parking payment service which aims to make life easier for locals and foreign drivers.
partnership, debit card, credit card, mobile payments, contactless payments, online payments, digitalisation, ATM, member card