JP Morgan backs UK payments fintech Icon Solutions
“Banks are having to find ways of cutting costs,” says Icon.
PayTech
FIS replaces legacy processing tech at Brazil’s Afinz
Afinz switches out legacy in-house tech for FIS processing platform.
PayTech Awards Supplement
Commending the payment sector’s best projects and experts of 2020.
Post Office ditches 600 free ATMs, invests £16m to revamp others
The Post Office calls it the largest investment in ATMs in ten years.
Calastone acquired by US private equity firm Carlyle Group
Financial details of the agreement have not been disclosed.
Nets completes acquisition of major Polish card payment processor
“Poland is one of the most attractive regions in Europe” for digital payments.
Meezan Bank picks BPC’s SmartVista to revamp payments
Meezan is deploying SmartVista for payment authorisation, card management, and more.
African remittance firms thrive amid COVID-19
Azimo saw a nearly 200% increase over the expected number of new customers in April, May and June.
US holding firm Syncapay buys Wirecard’s North America business
Wirecard put the market value of its North American business at €824m.
JP Morgan launches QuickAccept smartphone card reader to take on Square
QuickAccept was developed by the team from WePay.
TransferWise waives fees on $20m in donations to COVID-19 research
All donations will be exchanged via Google and Reuter’s mid-market rate.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
Supporting a changing workforce: real-time payments and the gig economy
Instant access by gig workers to their pay will create a healthier and more sustainable gig economy in the long-term.
The power of the collective
Martha Mghendi-Fisher is creating a community – a tribe – for women in the financial services industry.
FinTech Futures Jobs: six skills that can get you hired in fintech
The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!
PayPal brings crypto further into mainstream with wallet update
PayPal landed the first conditional crypto licence from the NYSDFS.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Line launches messenger-based banking platform in Thailand
Line has developed and operates the service in collaboration with Thai bank Kasikornbank.
Visa and Mastercard abusing UK duopoly, say retail groups
The major card schemes are accused using their position to charge increased fees.
Canadian invoice firm FundThrough raises $50m to support SMEs
FundThrough aims to eliminate the “wait” for SME payments
Russia’s Yandex and Tinkoff scrap $5.5bn deal
Internal email suggests agreement was lost on nature of the merger.
Stripe acquires Nigerian start-up Paystack in $200m deal
Paystack has 60,000 business customers across Nigeria and Ghana.
PayPal adds interest-free instalments to its UK wallet in BNPL play
Two thirds of British millennials use BNPL services.
Central bank digital currencies – don’t get the popcorn
If the art of the possible is being explored, the art of the valuable remains elusive.
Fintech Razorpay becomes India’s fifth unicorn during COVID-19
By 2025, Razorpay wants to have 50 million business customers.
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
Crédit Agricole subsidiary Linxo unveils bank transfer payment solution
The solution is already connected to the main banks in France which have opened up their APIs.
Affirm files IPO application, but financials are confidential
Fintechs in the BNPL space have seen their valuations rocket.
Global card spend grows 13% in 2019, mostly down to China’s UnionPay
That’s according to a new report by Retail Banking Research (RBR).
Mastercard and Ethoca deliver greater transparency in digital banking applications
All merchants can upload their logos at logo.ethoca.com for inclusion in online banking and payment apps.
Banking Technology October 2020 issue out now
Educate, advocate, invest: It’s not enough for companies to pay lip service.
FinTech Futures Jobs: eight tips for landing a job in a new city
And make sure to check out Fintech Futures Jobs for a variety of excellent vacancies!
Sibos 2020: Future artist
I see growing companies. I see ambitious professionals. I see evolving stories.
Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring
Costs, compliance and confusion need to be solved by new technology, says panel.
Nexi and SIA seal €15bn mega-merger to form “Europe’s largest” payments provider
The two have around two million merchants, and around 120 million cards.
Daily News at Sibos 2020
Download your free copy of the Sibos supplement today!
Sibos 2020: Banking Circle launches POBO and COBO payments transparency solutions
The solutions are available globally through Swift, Faster Payments, CHAPS, SEPA and local clearing.
Does Europe really need its own Big Tech?
Almost a third of consumers find the idea of banking with a Big Tech appealing.
South African association predicts the death of the cheque
PASA says it’s willing to help banks make the transition.
