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Internet Bank Bunq has announced the rise of EUR 29 million capital injection, as it made a net profit of EUR 53 million in 2023 via its increased interest income.
funding, investment, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Philippines-based super app GCash and PayPal have partnered to facilitate freelancers and MSMEs to withdraw their PayPal funds through GCash.
SMEs, mobile payments, money transfer, ATM, digital wallet
Commercial bank of Ethiopia has lost more than USD 40 million after a systems glitch which let customers withdraw and transfer sums of money that was not in their accounts.
ATM, mobile banking, online banking, cash, banking
UK-based financial super app Revolut is planning to suspend some of its cryptocurrency services in the UK due to recently introduced rules.
cryptocurrency, regulation, super app, neobanks, financial services
Payment expert and researcher, Andrei Lipkin, the originator of the term ‘Cryptobanknotes’, reveals more on the basic operation principles of cryptobanknotes and the anonymity and autonomy these notes entail.
CBDC, blockchain, banks, payments , digital currency, cash
A newly published research from Travelex has revealed that more than 50% of Australians still rely on cash as a main overseas payment method.
FX , research, cash, payments , travel payments, payment methods
Financial services platform Nubank has announced the launch of its FGTS-backed loan, a new type of secured loan for its Brazil-based clients.
product launch, expansion, credit access, mobile banking, online banking, digital banking, financial services, financial institutions
UK-based fiat-to-crypto exchange Paybis has added support for ACH bank transfers to streamline crypto purchases for US customers.
cryptocurrency exchange, ACH, product upgrade, bank transfer
Moneysoft has announced its platform is now capable of utilising real-time data from Australia’s Consumer Data Right (CDR) scheme, to provide advisers and users access to banking data concerning their clients.
fintech, financial services, personal finance management, Open Banking, financial data
The UK Treasury has proposed a new policy that supports the availability of cash withdrawal and deposit services in urban and rural areas.
regulation, cash, banks, fintech
India-based checkout network Simpl has launched the Simpl Pay After Delivery (SPAD) offering to improve the convenience of Indian customers.
product launch, payment methods, mobile payments, ecommerce
Cryptocurrency exchange Binance has reportedly withdrawn its application in Austria and is now focusing on achieving MiCA compliance.
cryptocurrency, cryptocurrency exchange, regulation, MiCA, compliance
Fintech company MoMo has announced its partnership with Western Union in order to allow money transfers in Vietnam through the MoMo application.
partnership, mobile payments, online payments, payments , digital payments, ecommerce, money transfer
Tietoevry has completed a systems' upgrade for Chip Card, a member of Payten, a payments processor in the Republic of Serbia.
payments , transactions , banks, ATM, POS
Starling Bank has launched a one-year saver product for its SME customers with a 2.5% fixed interest rate over one year on balances of GBP 2.000 or more.
banks, product launch, SMEs, fintech, banking license
Mike Woods, CEO at Konsentus, talks about how banks interact with TPPs via Open Banking and why there are some regulatory loopholes which come with risks to consumer data.
Open Banking, Open Finance, regulation, fintech, supply chain finance, risk management
Crypto payments firm MoonPay has acquired Web3 creative agency Nightshift in order to help brands expand into crypto and collectible tokens.
web3, acquisition, merger, cryptocurrency, digital assets
Ramzi Dziri, Open Banking Product Manager at LUXHUB, shares insights into Request-to-Pay and its benefits and how it is influenced by Open Banking.
Open Banking, Request to Pay, account-to-account payment, Open Banking payments
Money transfer service Western Union has rolled out its Digital Banking app, which offers both digital banking and international money transfers, in Romania, according to MSN.
remittance, money transfer, digital banking, product launch
Netherlands-based fintech company Floryn has raised a total of EUR 65 million in financing from NatWest.
investment, product upgrade, expansion, banking, financial services