Managers of Wealth Fintech

Merrco Payments rebrands to KORT Payments with new managing team led by Paysafe founders

The Toronto-headquartered fintech announced this week that it will now be recognised under the KORT Payments brand.

First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite

Terry-Ann Graver, COO at First Global Bank, says the implementation “marks a significant milestone in our digital transformation journey”.

Tiger Global explores $500m Revolut share deal - Sky News

Last month it emerged that Revolut is working with Morgan Stanley to sell about $500 million worth of existing shares, including those held by employees, to reach the $40 billion valuation.

Monzo to launch bank account for children

This is such an important step on our mission to make money work for everyone

Westpac issues dynamic virtual cards for business customers

Westpac’s Dynamic Virtual Card can be used online as well as in-store via digital wallet tap and go transactions.

GoCardless and ICE InsureTech Deliver Improved Digital Payment Experiences for Insurance Sector

The new partnership will allow ICE customers to benefit from automated payment collection and reconciliation.

Payit by NatWest comes to JD Wetherspoon

This new payment option enables customers to complete in-app orders quickly

Real-Time Payments Surge in the Philippines

It highlights continued growth in the Philippines, with 777 million real-time transactions 2023 and a forecasted 1.5 billion instant transactions by 2028.

Temenos and Visa team up to bring Visa money movement solutions to banks via Temenos Exchange

Integration with Temenos Payments Hub will enable banks to incorporate Visa’s payment capabilities and consolidate them with other payment services on the single Temenos platform

Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering

JKB says the new offering will enable its customers to “gain the opportunity to transfer money swiftly across borders”.

Financial Inclusion and the Rise of QR Payments in Asia

These developments significantly boosted the popularity of QR code payments in China

OpenPayd Enables Clients in Brazil to Use Pix Creating a More Agile Payments Experience

It’s now one of the most used real-time electronic transfer systems in the world, second only to India’s United Payments Interface.

Tonik Financial Customer Deposits Decline as Interest Income Triples

CEO and founder Greg Krasnov told DealStreetAsia that the firm does not need to expand its deposit portfolio and expects it to remain stable this year as the loan portfolio catches up with deposits.

BNP Paribas signs wide-ranging payments deal with Ant International

The two sides also agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area (Sepa) scheme.

Malaysia’s Affin Bank partners ACI Worldwide for business payments platform

ACI is currently lending the same platform to Banco de la República in Colombia

Fifth Third introduces direct deposit switch feature

This year, Fifth Third accepted the challenge of delivering new solutions that take the worry out of some of customers’ biggest banking stressors.

Network International Leverages Mastercard Expertise to Digitise Business Expenses in UAE

The new programme aims to deliver better visibility and efficiency in commercial payment flows

UK Contactless Payment Issues; Retailers Turn Customers Away

The result is that leading UK retailers have had to resort to cash-only payments.

UK shoppers frustrated by payment outage

The outage has since been attributed to a service disruption at Worldline.

GoCardless and ICE InsureTech partner on faster payments for insurance firms

ICE customers will be able to use GoCardless to address their pain points while delivering a high-quality customer experience.

Retail Banking