Tag: Wholesale

March 14, 2023

In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month, equating to a 6% annual pace, according to the latest report from the U.S. Bureau of Labor Statistics. “Over the last 12 […]

March 14, 2023

Bahrain-based fintech Infinios has teamed with Mastercard to expedite the digitisation of B2B travel payments between buyers and suppliers with the launch of a wholesale programme. Following this collaboration, the introduction of the Mastercard Wholesale Program within the region is […]

February 28, 2023

Bitcoin (BTC) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data. Following a low of $23,165.23 on Sunday, BTC/USD rose to an intraday high of $23,654.37 earlier in today’s […]

February 15, 2023

Wirex Partners With Visa to Expand to New Markets Wirex, a payments and crypto company based in London, has reached a long-term service agreement with credit card giant Visa. With this move, qualified as a significant milestone by the company, […]

February 3, 2023

BBVA says the AWS platform “provides greater computing power” to make calculations related to financial markets faster and more accurate. The firm says modern corporate banking requires an increasing amount of “complex and precise calculations” to be made to meet […]

January 31, 2023

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]

January 30, 2023

U.S. Senator Elizabeth Warren (D-MA) said in an interview with Politico’s Morning Money Wednesday that cracking down on money laundering activities is her “main focus” in terms of crypto-related legislation. The senator confirmed that she will reintroduce her bill titled […]

January 17, 2023

The banking tech vendor says the newcomer, which opened its virtual doors last summer – is “on-track to revolutionise banking in the Philippines”. The bank is regulated by the Banko Sentral ng Pilipinas and is a joint venture of Singapore’s […]

January 13, 2023

As one of the fastest-paced regions for innovation, transactions have continuously evolved in APAC, and here deriving figures originally correlated by Singapore news sources, we unpack what the future of the region’s payments might look like. Asia’s BNPL boom The […]

January 6, 2023

The deal was first announced in 2020. “Temenos core banking underpins the bank’s entire operations,” the banking tech vendor states. Temenos says the new digital bank, which is among the first banks in Taiwan to have received a virtual banking […]

January 4, 2023

What is Smartpay? Smartpay was founded in June 2021 by seasoned industry professionals who had previously held leadership roles in Instagram, Standard Chartered Bank, Facebook, Stripe, Adyen and Mastercard across the Asia Pacific, and Middle East, and North Africa (MENA) […]

January 2, 2023

Traditional banks in New Zealand have long served as gatekeepers of customers’ data. This is about to change with the arrival of what’s called “open banking”, set to arrive in New Zealand by 2024. In essence, open banking is where […]

December 20, 2022

Established in 2004, Mumbai-based ISG claims to enable over 17 billion transactions annually for its clients through Genius, its Payments-as-a-Service platform, which the firm says is “secure, scalable and easy to integrate” and offers “seamless” connectivity with various payment methods, […]

December 14, 2022

Through the partnership Regnology will support the central bank with its Data Management Maturity Programme (DAMAMA) initiative – which aims to transform its data management capabilities and establish a unified regulatory reporting platform. Regnology’s technology platform and Regulator 3 solution […]

November 29, 2022

The suite of digital tools to support small businesses will be integrated into Freedom Bank’s online and mobile banking platforms. The community bank’s business clients will now be able to generate professional invoices and send them directly to their customers, […]

November 22, 2022

Singapore-based payment services group Network for Electronic Transfers (NETS) has launched the NETS Prepaid Card, a ‘smart’ stored-value card for retail and transit. When purchasing the NETS Prepaid Card, no minimum age, income requirement, annual subscription fees, or credit checks […]

November 22, 2022

Three U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson Monday regarding the financial services firm’s bitcoin offerings in 401(k) retirement plans. The letter was signed by senators Elizabeth Warren (D-MA), Richard J. Durbin (D-IL), and Tina Smith […]

November 10, 2022

Sacombank is one of Vietnam’s largest banks, with more than 15 million retail and business banking customers. The adoption of Temenos Infinity will allow it to deliver a unified and enhanced omnichannel experience for these increasingly digitally savvy customers. Sacombank […]

October 24, 2022

The European Central Bank (ECB) has announced that the launch of new real-time gross settlement system and T2 are rescheduled from 21 November 2022 to 20 March 2023. An additional four-month period is meant to ensure greater system stability and […]

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 […]