Wearable paytech Digiseq names Angela Davies as head of partnerships
Davies will use her expertise and connections to promote Digiseq services to banks, issuers and processors.
Payments
French fintech Aria bags €50m debt facility
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution.
Nationwide Building Society in retail payments tech revamp with Form3 and Accenture
Nationwide will migrate all types of retail payments from an on-premise platform to the Form3 cloud.
Brazilian central bank gives Meta the go-ahead to launch WhatsApp business payments feature
Customers will soon be able to make payments to small businesses directly from WhatsApp.
RBI fines Amazon Pay’s India unit $374,000
The central bank claims Amazon Pay India didn’t comply with “certain provisions” of KYC and PPI directions.
PayTech Awards nominations close in two weeks!
The deadline for nominations is Friday 17 March, so don’t leave it too late!
Budgeting app Buddy taps Klarna Kosma for automatic expense tracking
The partnership has resulted in 52% more monthly active users for Buddy, Klarna Kosma says.
FinTech Futures: Top five stories of the week – 3 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
TrueNorth appoints Doug Woolridge as new chief growth officer
Woolridge joins from EPAM Systems and brings over 25 years of experience to his new role.
Dogs Trust taps Currensea to launch debit cards and boost donations
Customers will be able to make donations to the charity by rounding up spending from the card.
FinTech Futures Jobs: Can a four-day week succeed in fintech?
Explore thousands of open roles on the Fintech Futures Job Board today.
Aussie central bank reveals participants and use cases for CBDC pilot
The selected industry players will participate in use case proposals over the coming months, the central bank says.
MFS Africa partners Western Union to broaden financial inclusion
The service will see funds from across the globe move through payment rails operated by MFS Africa.
Thunes appoints Victor Lucena as new head of Latin America
Lucena has previously worked for financial services firms including Binance, Rapyd, Worldpay and PayU.
Bahrain fintech Sinnad appoints Rana Almaeeli as CEO
Almaeeli has held several senior roles at Sinnad, most recently as general manager for more than 11 years.
Tudi taps ThetaRay for transaction monitoring solution
Through the partnership, ThetaRay will provide Tudi its Sonar transaction monitoring solution.
Swedish paytech Zimpler names Stefan Andersson as chief product officer
Andersson will join Zimpler’s leadership team and report directly to CEO Johan Strand.
Power to the people: How Zenus Bank aims to democratise access to banking
FinTech Futures sits down for a chat with Mushegh Tovmasyan, founder of Zenus Bank.
Copal launches Egypt’s first family payments app with Mastercard
Copal aims to provide a “seamless and innovative” cashless payments experience for all family members.
Banking Technology Magazine March 2023 issue out now
Cover story: FACE OFF – Confrontation can be a good thing.
Nexi to acquire 80% of Sabadell’s merchant acquiring business for €280m
The all-cash deal worth €280 million values the business at €350 million.
US paytech Pagos lands $34m in Series A funding
With the funds, Pagos plans to expand its engineering team and develop its product suite.
Business spend management firm Medius names Henrik Rosén as CTO
Rosén will be tasked with further developing Medius’ existing product suite as well as delivering new products.
US fintech Finch lands $40m in Series B funding
The round was co-led by General Catalyst and Menlo Ventures.
Klarna to start charging late payment fees in UK
Late-paying users will be hit with a £5 fee from 16 March, City AM reports.
Indian telecom firm Airtel’s merger talks with Paytm reportedly fall through
Sources tell CNBC-TV18 that Paytm didn’t want to give up management control.
Global paytech GPS appoints three new non-exec directors
The new additions are: Paulette Rowe, Shane Happach and Lynn McCreary.
FinTech Futures: Top five stories of the week – 24 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
RTGS.global CEO Dave Sissens steps down, Jarrad Hubble appointed interim CEO
Hubble joined RTGS in April last year as its chief commercial officer.
FinTech Futures Jobs: Four boundaries you should implement at work right now
Explore thousands of open roles on the Fintech Futures Job Board today.
Clarency taps Form3 for access to Swift network
With the partnership, Clarency’s global customers will be able to send and receive payments on the Swift network.
OpenWallet Foundation launches to boost digital wallet interoperability
The OWF intends to provide the “software engine” that organisations can use to develop digital wallets.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
KCB Bank Kenya taps Sopra Banking Software for digital transformation
Sopra Banking Software will design, build and support the bank’s savings and lending products.
Buy now, worry about it later: the future of BNPL
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Enfuce wins State Treasury of Finland contract to modernise prepaid cards
The five-year contract was signed on 15 February 2023.
European paytech Lyra taps Napier for transaction monitoring
Lyra will utilise Napier’s transaction monitoring solution to ensure its compliance with regulatory requirements.
Aussie paytech DataMesh lands $30m Series A led by NAB Ventures
Additional investors in the Series A round were Deutsche Bank and 1835i Ventures.
Indian SaaS fintech Mintoak bags $20m in Series A funding
PayPal Ventures led the funding round, with new and existing investors also participating.
Singapore and India link up PayNow and UPI for real-time cross-border payments
The MAS and RBI will use a scalable cloud-based infrastructure to manage future increases in remittance volumes.
