Managers of Wealth Fintech

Visa launches commercial payments hub

Commercial payments represent a $145 trillion market opportunity globally

Digital banking platform Plumery raises $3.3m in additional funding

The company also plans to increase headcount in critical areas, including product, engineering and commercial roles.

HSBC introduces new Embedded Finance venture

In addition, SemFi plans to provide SMEs with increased flexibility and security in their spend management processes via HSBC virtual card solutions.

Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement

This effort is part of SAB’s broader strategy

Cardlay and Visa team on spend management

The commercial card landscape is rapidly evolving, driven by growing demand for digital solutions, contactless payments, digital wallet integration, and embedded finance.

Bank of East Asia and UDPN collaborate on stablecoin and tokenised deposit PoC

In the course of the PoC, BEA tested conducting multiple stablecoin transfers via digital currency wallets on the UDPN.

BB Merchant Services and Ordo team up to cut payment processing fees

For payers, the process is equally straightforward.

Wells Fargo and Fiserv end merchant acquiring JV

In an SEC filing, Fiserv says it expects to receive a cash payment or assets equal to the value of its share in WFMS.

Magnati, RAKBANK partner to launch merchant financing platform

RAKBANK, with its expertise in SME lending, uses the platform’s real-time merchant financial insights to underwrite loans quickly and accurately

South Africa: Standard Bank sees 13% drop in branch transactions due to digital adoption

Over the same period, online transactions increased by 30% to 1.5 billion transactions with Standard Bank clients performing an average of 10,400 digital transactions per month

Trinidad and Tobago to roll out India's UPI payments tech

The NPCI international subsidiary was set up in 2020 to push the UPI, as well as the RuPay card network, outside of India.

BNKA launches new payments function for LATAM migrants in Europe

The development enables users in Europe to pay for basic services, such as electric, water and gas bills, in their countries of origin.

Scotaibank expands partnership with Nova Credit

Credit invisibility, or lack of a credit record, can be a huge barrier to credit for those entering Canada, as access to the formal credit system traditionally requires existing local credit history.

UAE customers complain as banks issue credit cards without proper ID verification

Using the replicated ID card and other documents, they approach banks, some of which do not adequately verify the applicant's identity and issue credit cards.

Multitude Bank partners Salt Edge for instant loan repayments

The Bank has already successfully implemented Salt Edge’s solution for consumer lending products.

Bots and beyond: From financial crime to lending, AI can change world of money and finance, says Oracle’s Sonny Singh

India is a great example of digital payments

Mastercard and KaiOS partner to simplify acceptance African SMEs

KaiOS and Mastercard are partnering to help millions of SMEs globally accept digital payments using KaiOS devices.

PayMongo and Brankas Now Offer the Widest Range of Payment Options in the Philippines

Enable seamless, secure, and direct online banking payments with Brankas through PayMongo, featuring top Philippine banks BDO, Metrobank, and Landbank.

Chase UK trials credit cards

JPMorgan Chase is testing a credit card product for customers of its UK digital challenger bank, according to Bloomberg.

OneAZ Credit Union signs with Backbase

This partnership demonstrates the commitment of both Backbase and OneAZ to driving growth

Retail Banking