The self-service puzzle: strategic touchpoint or point of utility?
Financial institutions have to take their ATM strategy to the next level, and re-examine their investment methodology.
PayTech
Korapay allows Nigerian migrants to send money back home
Currently in the US, but to be expanded to Canada, the UK and Europe.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Unlocking a continent of opportunity: digital and mobile transforming Africa’s business landscape
A quiet financial revolution is gathering pace across Africa – stemming from the rise of smart mobile tech.
First transactions carried out on blockchain-based Marco Polo network
Delivery triggers irrevocable payment from buyer’s bank.
PayTech Awards: honouring organisations for their social impact
Enter the PayTech for Good Award by 5 April!
Everest to supply KYC platform in Samoa for cross-border transactions
EXCLUSIVE. Everest has landed a major contract with Asian Development Bank (ADB).
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
VC financing enables MeaWallet management buyout
Thanks to a “substantial capital injection” from Idekapital
Why open banking is going to be so exciting for payments
The fundamental changes in the payment model will benefit both the payer and the payee.
One Finance gets bigger with Amplify acquisition
The details of the deal remain undisclosed.
Russian lawmakers give green light to alternative Swift system
Russia has discussed joint use of the system with China, India, Iran and Turkey.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
SIA sets out three-year strategic plan for Europe expansion
2018’s net-profits were €79.5 million, down 0.7% from 2017.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Building bridges and exchanging money
How Moneycorp and Futurice juggled different geographies when designing a modern platform.
Banking industry thwarted £1.66bn of fraud in 2018
But £1.2bn was stolen during the same period.
Four digital and traditional trends in banking in 2019
Don’t discount something because it doesn’t fall strictly into our pro-technology bubble.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
Pay.UK eases access to payment schemes for PSPs
With the introduction of the second phase of a new access model.
Paidyou makes it easy to split house bills
The app is designed for landlords and/or tenants in a house share.
2gether expands its prepaid crypto card into Europe
Consumers will be able to spend crypto as easily as euros.
Instarem aims at Japan and Indonesia with $41m funding
This latest round takes InstaReM’s total funds secured to $59.5 million, with an expected IPO in 2021.
IBM debuts blockchain network for cross-border payments
Blockchain World Wire can transfer funds in 47 currencies to locations in 72 countries.
Open banking: progressing to the summit
Banks and disruptors alike are still trekking through the foothills of open banking.
Worldline terminals now accept Apple Pay and Google Pay in Germany
Only if the user’s bank’s app supports these payments.
HPS PowerCARD 2019: working together to tackle fraud
Why aren’t the banks collaborating or working together to combat fraud, should the regulator get involved?
Paytech InComm acquires Linq3 Technologies
This is the firm’s eighth acquisition.
French firm PayTrip launches prepaid for relatives abroad
Inspired by a Moroccan engineer’s personal experience of making money transfers.
Doxo to provide electronic billpay solution to RR Donnelley & Sons
Doxo’s payment solution enables customers to access and pay bills from more than 45,000 providers
Top fintech stories this week – 15 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Barclaycard brings Alipay payments to UK retailers
To cater to the many Chinese Alipay users.
Kakao’s crypto business raises $90m funding
Ground X plans to raise a similar sum this week.
First Data to acquire Brazilian paytech Software Express
The two companies expect to process more than 15 billion transactions this year.
PayPal pumps $750m into e-commerce firm MercadoLibre
The Argentine company is planning to raise $1.85bn in equity offerings.
Mastercard acquires Ethoca for e-commerce fraud protection
Follows on from Mastercard’s recent acquisition of Transfast.
PayActiv and Visa get in early for wages
The paytech pals will help US workers access earned wages earlier.
