Managers of Wealth Fintech

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.

America First Credit Union picks Loquat for small biz member onboarding

The partnership will equip small business owners with time-saving mobile solutions to make it easier, faster and more secure to run their business

Nala bags $40m Series A to scale remittance services

Reports by TechCrunch reveal that the fintech intends to start its international market expansion in Asia.

African remittance app Nala raises $40 million to go global

With 500,000 customers onboard, the Nala team has grown from just seven members to over 100 staff.

Developing HSBC's Zing app: The role played by Visa, Currencycloud and Tink

Zing shows how outdated the ‘legacy financial services versus fintechs’ narrative really is.

Galileo rolls out wire transfer API for fintechs

Through its wire transfer API, Galileo connects fintechs partnering with Community Federal Savings Bank (“CFSB”) with Fedwire via sponsor bank CFSB.

Mastercard and Visa extend cap on inter-regional fees for tourist cards in EU

For card not present transactions, the caps stays at 1.15% for debit cards and 1.5% for credit cards.

Alipay smooths mobile phone payments at the checkout

This new feature is designed to streamline the checkout process and improve efficiency for merchants, offering a simplified experience compatible with both Android and Apple mobile phones.

Retail Banking