Category: Retail

January 5, 2023

Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can now buy medicines and other items using a number of cryptocurrencies. The new payment option is accessible since Tuesday, the company […]

December 23, 2022

J.P. Morgan closes on a 48.5 per cent ownership stake in Viva Wallet and it continues its Greek expansion. Athens-headquartered Viva Wallet is a cloud-based payments fintech company founded in 2000. It offers value-added services to merchants including tap-to-device technology, […]

December 14, 2022

Earlier this month, Reuters reported that hedge fund Muddy Waters had accused Uruguayan payments company dLocal of using client funds to pay a special dividend to its shareholders from before its June 2021 IPO. The hedge fund said – according […]

November 28, 2022

South-Africa based API payment and collections company Revio has raised USD 1.1 million in a seed round led by SpeedInvest to reduce payments failure in emerging markets. The round was joined by participating investors of the likes of RaliCap Ventures, […]

November 17, 2022

The crypto firm is looking to make cross-border payments faster, cheaper and more transparent. It explained that in its current state, cross-border payments are slow and unreliable; charging expensive fees. The average fee for consumers to send money across borders […]

November 9, 2022

The merger will allow Finom to unify separate paytech services for freelancers, mid-sized firms and corporate clients across the UK and Europe and boost its expansion plans. Finom co-founder Kos Stiskin says: “Entrepreneurs and freelancers are the backbone of the […]

November 8, 2022

Participating in the round were new investors Eurazeo, RTP Global, HEC Ventures and Allianz Trade, as well as existing investors Target Global, Samaipata and Societe Generale, with angel investors also taking part. The new funding brings Fintecture’s total capital raised […]

November 1, 2022

In the days of cryptocurrency and Apple Pay, many people are more and more comfortable with the intersection of currency and the digital world. Financial institutions are in this transition period, too. It can be nerve-wracking to think about changing […]

October 31, 2022

Thailand’s Central Bank Wants to Better Understand Risks of Central Bank Digital Currency The Bank of Thailand (BOT) intends to take more time to complete the development of its retail central bank digital currency (CBDC). The monetary policy regulator aims […]

October 31, 2022

Businesses that dug into their customer experience for higher profitability now need to dig into their employee experience for many of the same reasons. Enter fintech — where the consumer is the employee — offering organisations an easy way to […]

October 28, 2022

Forty-eight per cent of people do not want to rely on their bank for help during a recession. The digital transformation firm’s newly launched ‘Banking Disruption Index‘ for the UK. This first edition of the index is to become a […]

October 27, 2022

Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform that will support Zenus’ retail, corporate and partnership banking operations. Finxact’s core banking system, which leverages open APIs, will enable Zenus to “invent, curate […]

October 26, 2022

Global retailer Amazon has announced that its customers will be enabled to make payments through mobile payments service Venmo on the former’s platform. The company stated that in its initial stage, the option will be available to select customers, and […]

October 26, 2022

The move will allow customers to make global online payments with a Mastercard virtual card linked to Cellulant’s digital wallet offering Tingg. Tingg is a single API payments platform that enables businesses to collect online and offline payments while allowing […]

October 24, 2022

Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority (HKMA), and the Hong Kong Applied Science and Technology Research Institute has […]

October 20, 2022

“Creating a neobanking super-app for crypto and digital assets has been blockbank’s ultimate vision since its inception. Throughout this past year, we have listened to our growing user base, acquired global licenses, and built one of the most technologically advanced […]

October 13, 2022

ThetaRay will provide MFS Africa its Software-as-a-Service (SaaS) solution, Sonar, which includes an artificial intelligence (AI) led anti-money laundering (AML) transaction monitoring and sanctions list screening. It says the solution helps to “effectively identify truly suspicious cases” with a 95% […]

October 12, 2022

Ntropy, a company offering an API that enriches transaction data for financial services businesses, today announced that it raised $11 million in a Series A round led by Lakestar with participation from QED Investors and January Investors. CEO Nare Vardanyan […]

October 11, 2022

Embedded finance solutions provider Railsr has selected SurePay as its UK Faster Payments (UKFP) confirmation of payee (CoP) vendor. The authorised push payment (APP) fraud is sharply on the rise in the UK, according to UK Finance – from £420.7 […]

September 26, 2022

Even before the pandemic hit, sectors like retail, gaming or e-healthcare moved quickly to embrace the speed, convenience and experience of digital services – led by technology pioneers like Amazon or Google. Traditionally, conventional banks and financial institutions have encouraged […]