Managers of Wealth Fintech

African money transfer fintech Nala launches in the European Union

Backed by Y-Combinator and Accel, Nala launched in the UK last year and has since added US coverage ahead of its EU launch.

51% of European businesses believe Banking-as-a-Service will make traditional banking obsolete

At present, 39% of respondents have already implemented BaaS services and products

Flutterwave eyes up Railsr

Earlier in the year, it was reported that the fintech was searching for a $100 million investment that would have pushed it into Unicorn territory.

Soldo selected as supplier for Crown Commercial Service pre-paid cards

With the UK currently facing the worst cost-of-living crisis in 60 years, more and more people are reliant on relevant government agencies for monetary support.

Inversis places Pecunpay as the first e-money institution in the Spanish payments system

It offers its services to Pecunpay, specialised in personalised payment solutions through issuing and acquiring services.

Nuvei to buy Paya for $1.3bn

Nuvei says the deal will create a strong player in the global e-commerce, integrated payments and business-to-business markets.

African Money Transfer App NALA Launches in European Union

The launch adds 19 new European nations to NALA’s list of send markets.

Indonesia Expected to be South East Asia’s Biggest BNPL Market by 2025

This trend of digital lending is due to large numbers of underbanked consumers lacking access to credit and payment platforms, resulting in consumers turning to alternatives such as BNPL to fund their purchases.

Central Bank of Turkey Successfully Tests Payment Transactions Using Digital Lira

2023 will also see the CBRT select a range of banks and fintech companies to participate in new tests on the Digital Turkish Lira Collaboration Platform.

Visa and Enfuce pilot prepaid cards for refugees in France

The “First Aid” card will come with preloaded funds to help newcomers buy basic necessities when they arrive.

Japan's Smartpay adopts open banking to deliver direct-from-bank payments

While Japan remains the third wealthiest country in the world, it has one of the highest credit card penetration rates in Asia, with over 60% of transactions completed in cash.

Welcome.Place launches refugee 'First Aid' card pilot in France with Enfuce, Epassi & Visa

The economic and social inclusion of newcomers and refugees normally takes 5 years to achieve

Al Salam Bank Launches the First-Of-Its-Kind Digital Self-Service Kiosk

This comes in line with Al Salam Bank's ongoing commitment to staying ahead of the latest trends in digital technology, ensuring the delivery of a refined, transformative client experience.

ECOMMPAY Upgrades Gate2Asia to Extend APAC Reach

ECOMMPAY says it is important for businesses to continue to adapt to rising consumer trends.

Splitit and Worldline Forge North American Instalments Partnership

Worldline and Splitit also share plans to expand next-gen, card-based instalments into additional geographies.

Compliance and Innovation Form the Backbone of Cross Border Payments

While this story of growth is full of possibilities, it is also not without its challenges.

FinWise Bank selects Finastra’s core banking package

FinWise Bank, known for its strategic financing relationships with fintechs nationwide

Podcast: cash in the payments landscape

But in others, such as Japan, despite high technology penetration, most transactions at point-of-sale continue to be in cash.

Skyscend joins Visa Fintech Fast Track programme

Through the Visa Fintech Fast Track Program, Skyscend is now able to expand its offerings and provide faster, more secure and streamlined payments to its customers.

Italy backtracks on pro-cash plans

The climbdown comes after criticism from the European Commission, which had argued that the planned change would not be consistent with efforts to boost tax compliance.

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