07/27/2023
Microsoft adds more PayPal options
These new integrations offer customers more flexible ways to pay and help increase customer loyalty.
Retail Banking
07/27/2023
Bank account switching: Incumbents dominate as neobanks toppled from top spot
Monzo and Starling didn't feature in the most switched to banks' top five for the first time in a number of years.
07/26/2023
Aspire Launches Full Integration With PayNow for Businesses
Since its launch in 2017, PayNow has been widely adopted in Singapore, with over 80% of residents and businesses on its network.
07/26/2023
Brazil's Pix used for more transactions than credit and debit cards combined
QR codes are proving an important part of the Pix success story, accounting for nearly 30% of the platforms transactions.
07/26/2023
ACI Worldwide and Security Bank Join Forces to Enhance Real-Time Payments Hub in the Philippines
The Bangko Sentral ng Pilipinas (BSP) has set targets under its Digital Payments Transformation Roadmap (DPTR) 2020-2023 to increase electronic payments
07/26/2023
How instant payments will impact financial crime mitigation
Banks therefore need to be on top of their security protocols.
07/26/2023
Recognise Bank rolls out two new business savings accounts
The 7 Day and 35 Day Notice accounts provide better interest rates than their Easy Access counterparts
07/26/2023
Westpac introduces new measures to combat financial abuse
Westpac Head of Customer Excellence, Tiffiny Lewin, says the bank won’t tolerate abuse and will take action if customers choose to use the bank’s products or platforms to harm others.
07/25/2023
TrueLayer launches Payment Links for A2A payments via open banking
TrueLayer’s payment links are yet another proof point of how open banking can be used to transform business payments and consumer experiences.
07/24/2023
Atom Bank joins the neobank profitability club with £4m annual profit
At its current quarterly run-rate, Atom says it is generating more than £100m of annualised net interest income and more than £25m of operating profit.
07/24/2023
JP Morgan confirms Germany expansion for Chase neobank
CEO Jamie Dimon revealed the move in an interview with Handelsblatt.
07/24/2023
Revolut launches joint accounts in the UK
Joint Accounts along with Revolut <18 can become a centre of family finance, but they can equally be used by all types of duos, whether that be partners, siblings, roommates or friends.
07/24/2023
Federal Reserve launches instant payment system FedNow
The Federal Reserve launched its long-awaited instant payment system, FedNow, in a move that industry pundits have already dubbed as lagging behind the times.
07/24/2023
Mastercard introduces automated receivables for virtual cards
Mastercard Receivables Manager was developed to make virtual card transactions more efficient, secure and cost-effective to process.
07/21/2023
Swiss lender TP24 raises £345m from Barclays and M&G to support SMEs in the UK, Netherlands and Australia
Managing director Niels Turfboer believes TP24 can become a major UK SME lender by filling the gap between banks and existing alternative lenders.
07/21/2023
US instant payment network FedNow goes live
As an interbank payment system, the FedNow Service operates alongside other longstanding Federal Reserve payment services such as Fedwire and FedACH.
07/21/2023
Fawry, Smart Schools join forces to launch e-payment portal
The partnership will enable Smart Schools to access a bunch of innovative digital solutions provided by Fawry to collect school fees safely and easily
07/21/2023
Tymit blocks new credit card applications as it pivots to B2B2C
Existing Tymit credit card customers can continue using their cards for now.
07/20/2023
Citi inroduces electronic trade loans for US commercial clients
The solution is designed to help clients meet their current and projected working capital needs
07/20/2023
Fintechs demand end to hidden bank fees in international payments
The total cost of currency conversions needs to be shown up front to consumers and SMEs before they make a payment.