Managers of Wealth Fintech

Mach Alliance expands into fintech with PayPal as first member

The move by PayPal represents the expansion of MACH Alliance into the fintech sector and highlights the sector’s readiness for MACH.

Revolut arrives in New Zealand

Revolut hopes that New Zealand will prove fertile ground, noting that a recent survey by Consumer NZ found that almost 40% of Kiwi consumers don’t trust their banks.

E-money accounts outstrip bank current accounts in the UK

With an industry that is lightly regulated and growing in size and significance, and an increase in business failures anticipated due to deteriorating economic conditions, action is needed.

Crowdcube joins new retail investment platform

By joining RetailBook, it means that Crowdcube’s retail investors will be able to participate in IPOs on the same terms as institutional investors.

Monzo hits 7.5 million customers, annual losses remain stable

Monzo has recorded an annual loss in the twelve months to March but also says it is now operating at a profitable level on a monthly basis.

Real-time Digital Payments Fuels Growth Across APAC

It also underlines that payment experiences differ significantly across different regions, thereby eliminating the possibility of a one-size-fits-all solution, and making each market uniquely interesting.

PayPal disables card readers with Tap-to-Pay on Venmo and Zettle

Small business owners can onboard in just a few simple steps and start accepting contactless cards and digital wallets through their Venmo business profile.

EC publishes PSD3 proposals

In that time, there has been a consistent rise in the use of electronic and digital payments within the EU, a trend accelerated by the Covid-19 pandemic.

Fintechs engaged in bidding war for PayU

Rapyd has made a number of acquisitions in recent years, the last was the purchase of Icelandic payments company Valitor in 2021.

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

The startup processes almost 50 billion API calls and $40 billion in transaction volumes annually, and powers almost 80 million accounts and over 40 million issued cards.

Visa acquires core banking platform Pismo for $1bn

Under the terms of the transaction, Pismo will retain its current management team, and, subject to regulatory approval, the acquisition is expected to close before the end of the year.

Flutterwave Partners with Microsoft to Accelerate African Payments Infrastructure on Azure

The five-year partnership between the pair presents an opportunity to foster growth and impact across the continent.

Thredd Ties Up with Cape to Unleash Payment Innovation in Asia-Pacific

Last year it raised AU$3.1million in 2022 to fund its development and onboarded its first set of early adopters

ZaloPay Becomes First Vietnamese E-Wallet to Partner with Shopify

This model helps businesses build their own website and contribute to expanding their sales channels besides selling through general e-commerce floors.

Modulr launches in France and Spain

Modulr enables any software-based business to embed payment and account functionality directly into their own tech stack and move money securely and compliantly across the UK and EEA with a single set of flexible and scalable APIs.

JPMorgan Set to Establish Commercial Bank in Singapore

Through this global push, JPMorgan will have a presence in 28 countries by year end with the addition of an Israel office as well.

CVV-free Payments Launch ‘Goes Beyond User Convenience’: Cashfree Payments Brings Feature to India

CVV-free payments also maintain the highest level of security, ensuring compliance with the Reserve Bank of India (RBI) regulations.

Iberbank and CaixaBank launch payment platform partnership

This will help to create a critical mass of users, enabling the widespread adoption of this new functionality and the development of new instant and digital payment solutions.

Lloyds Bank sets up tech centre in Hyderabad

The Lloyds Technology Centre will be based in Hyderabad and will employ 600 tech, data and cyber security specialists by the end of 2023.

Amazon teams up with YouLend to offer SME customers revenue-based financing

UK-based SMEs on Amazon can apply for loans of between £500 and £2m, with repayments tied to future sales.

Retail Banking