February 21, 2024
Via: The Fintech TimesHaving reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. Practical improvements await Rachel Levi, global head […]
February 12, 2024
Via: The Fintech TimesIn the middling science fiction novel Those Who Remain, author G. Michael Hopf said: “Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” This quote (which in modern […]
February 6, 2024
Via: The Fintech TimesThe Network Enablement Partner (NEP) programme is a Mastercard initiative that enables service providers — the vendors of Mastercard-licensed issuers and acquirers who typically have a fully indirect relationship with Mastercard — to play a pivotal role in expediting product […]
February 1, 2024
Via: Fintech NewsIn 2024, the fusion of AI and financial technology is not just a wave of the future – it’s a rapidly evolving present. Artificial Intelligence, especially the latest generation (Gen AI), is revolutionizing the FinTech sector, reshaping how we interact […]
February 1, 2024
Via: FinTech FuturesThis month, Philip takes an in-depth look at payments. It’s no secret that payments is my favourite aspect of fintech. Judging the PayTech Awards is one of the highlights of my year as I get an early glimpse at how […]
January 19, 2024
Via: The Fintech TimesThe importance of remittances and cross-border payments cannot be understated in Africa. According to the World Bank, remittance flows to sub-Saharan Africa are expected to have increased by about 1.9 per cent in 2023 to $54billion. Onafriq selected Alviere for […]
January 16, 2024
Via: ThePaypersCloud-based retail solutions provider Tulip has announced the launch of Tulip Pay to support in-person retail transactions. Tulip Pay is a self-contained payment system powered by Stripe, a business financial infrastructure platform designed to be simple and quick to deploy, […]
January 16, 2024
Via: FinTech FuturesHowever, while many firms seek to provide accessibility to basic financial services to the masses, not quite so many have sharpened their focus and risen to the challenge of making financial services more accessible and easier to use for disabled […]
January 9, 2024
Via: FinTech FuturesIt is well known that the propensity to pay is inextricably linked to the convenience of payment. Card payments offer payers convenience, but being subject to high fees, slow settlement times and chargebacks remain unattractive to B2B merchants, often operating […]
January 3, 2024
Via: FinTech FuturesFounded in 2010 and based in New York, OpenTransact offers a Software-as-a-Service (SaaS) platform that facilitates payments and provides risk management solutions for high-risk industries such as CBD and gaming. Compatible with cryptocurrency, ACH, debit and credit card-based payments, the […]
December 28, 2023
Via: The Fintech TimesSome 10 years ago, EU lawmakers started to take issue with the stale world of payments, which had seen little innovation since the introduction of credit cards. The position of banks, payment processors and credit card companies was so entrenched […]
December 4, 2023
Via: FinTech FuturesDespite the industry’s constant longing for anything and everything instant, this scenario has struggled to play out in what is still a highly fragmented market. So much so that right now, only around one in 10 of all euro credit […]
November 30, 2023
Via: The Fintech TimesThroughout the month, we have focused on the latest payment innovations, upcoming payment trends and the overall future of payments. But now, we turn our attention back to the most well-established forms of payment and money: cash. As the world […]
November 17, 2023
Via: FinTech FuturesFounded in 2020 by AIB, Bank of Ireland, Permanent TSB and KBC, Synch had ambitions of rivalling challengers such as Revolut and N26, by launching an account-to-account mobile payment service, allowing customers to purchase goods online and in stores, as […]
November 17, 2023
Via: FinTech FuturesPicus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round, with Silverflow claiming its valuation is now “substantially higher” than its Series A in 2021. Launched four years ago, Silverflow operates a […]
November 9, 2023
Via: FinTech FuturesThe deal, which is thought to be in the final stages of discussions according to Bloomberg, would reportedly value Melio, a B2B payments platform provider for small businesses, at $1.95 billion. This figure is less than half of the paytech’s […]
November 7, 2023
Via: CointelegraphThe United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend […]
November 3, 2023
Via: FinTech FuturesAmazon Business, a B2B e-commerce procurement platform, will now provide its sole proprietor business customers the option to select Affirm at checkout to pay for eligible goods over time. The platform says that it plans to make the payment option […]
November 2, 2023
Via: The Fintech TimesBeginning in May 2023, Visa took part in the e-HKD CBDC pilot programme focused on simulating two use cases of interbank B2B payment flows — property payments and acquirer-merchant settlement, each tailored to the Hong Kong market. It also demonstrated […]
November 1, 2023
Via: FinTech FuturesThe equity funding round also saw participation from Bluepool Capital, and existing investors STV, Mubadala Investment Capital, PayPal Ventures and Arbor Ventures. Following the fresh fundraise, Tabby claims it has become the region’s first fintech unicorn, ahead of its planned […]