ECB names participants for new trials to explore settlement of wholesale transactions in central bank money
The testing will begin on 13 May this year, with the aim to explore several potential use cases.
PayTech
UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
BankPro taps Arroweye to launch dual interface debit cards in the Caribbean
US-based Arroweye will support BankPro’s card programme with its on-demand production model.
Worldline and Crédit Agricole unveil new merchant payments joint venture CAWL
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
CAB Payments to expand into the EEA after securing European PSP licence
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ripple set to launch USD-backed stablecoin this year
The offering will make its debut initially on the XRPL and Ethereum blockchains with ERC20 token standards.
ConnexPay names Ben Peters as new CEO, Bob Kaufman to become chair of the board
Peters brings over 20 years of experience leading and scaling global payments companies.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
Singapore’s Grab set to discontinue GrabPay Card from 1 June
The company stopped accepting applications for new cards on 1 April.
Nuvei snapped up by Advent International in $6.3bn deal
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
Bolt appoints interim CEO as Maju Kuruvilla departs
Kuruvilla served as Bolt’s CEO for over two years following founder Ryan Breslow’s transition to chairman.
US merchants reach landmark settlement with Visa and Mastercard to lower swipe fees
The settlement will see credit interchange rates lowered and capped for the next five years.
Germany’s NX Technologies lands $24m in Series B round led by PayPal Ventures
The Cologne-based fintech start-up plans to use the funding to expand into new European markets.
US fintech Coast secures $92m in mix of equity and debt capital to fuel product development
The funding round consists of $25 million in equity capital and $67 million in committed debt capital.
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK paytech Volopa partners ClearBank to expand its SME banking services
Volopa is currently applying for a UK EMI licence, which it expects to be granted this year.
UK fintech Railsr approaches Equals Group over potential merger
Equals Group has confirmed it received an “indicative non-binding proposal” about a potential deal.
Finalists announced for Banking Tech Awards USA 2024
Winners of this year’s awards will be announced at a gala dinner ceremony in New York on 30 May.
Australian Payments Plus taps Swift to develop confirmation of payee service
The firms plan for the new security measure to be ready by the beginning of 2025.
Payment security and fraud prevention take centre stage at this year’s Pay360 conference
Concepts concerning the safety and efficiency of payments proved central to the conference’s agenda.
African fintech Union54 launches new social commerce platform ChitChat
ChitChat enables users to make immediate USD payment transfers directly within chat conversations.
IndusInd Bank partners Tappy Technologies and Thales to launch tokenisation solution for wearable payments
The Indus PayWear app will enable the bank’s customers to tokenise their cards for use with wearables.
Nuvei evaluating bids for potential buyout with Advent reportedly leading the race
The Canadian paytech says “no decision has been made at this time” regarding a potential deal.
Flutterwave names ex-CBN director Dipo Fatokun as new board chair
Fatokun currently chairs the Board Audit and Governance Committee of United Capital.
GoCardless signs deal with EML Payments to acquire Nuapay
EML has owned Nuapay since 2021, when it purchased the company in a €110 million deal.
SaaScada selected to power payment products for UK EMI The Payment Firm
The EMI will initially leverage its partner’s core banking engine to launch virtual IBAN-linked accounts.
The evolving relationship between supermarkets and banking and the key role of fintechs
Supermarkets across the globe continue to embrace fintech partnerships to power their financial services.
State Bank of India taps Aurionpro for iCashpro+ solution
The solution will replace SBI’s current CMP platform and will be implemented over the next 12 months.
eBook: Beyond the basics – a C-suite checklist for banking security strategy
Explore expert strategies to secure banking apps and get a detailed checklist for bolstering security measures.
France’s Request Finance acquires crypto accounting fintech Consola Finance
The purchase is set to bolster Request Finance’s platform with crypto-specific accounting functions.
Mastercard pilots new Smart Subscriptions feature in the US powered by open banking
Smart Subscriptions enables consumers to cancel, pause and resume their subscription-based payments.
PPRO looks to boost growth with new €85m capital raise
PPRO says it will use the funding to “pursue growth in key markets” and expand its payment solutions.
UK fintech Unlimit secures new PSP licence to expand into Tanzania
Tanzania marks the third African country to licence the fintech, following Nigeria and Kenya.
Jefferson Bank in Texas taps Finastra for Payments To Go solution
Finastra’s tech will enable the bank to deliver instant payment services including FedNow and RTP.
Spain’s Amadeus looks to streamline travel payments with Voxel acquisition
Amadeus says its new purchase will “complement” its existing payments business Outpayce.
