News

Amazon to buy Indian BNPL startup Axio for over $150M

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its…

Bank of England plans ‘Digital Pound Lab’ for ‘hands-on’ CBDC experimentation

The Bank of England (BoE) is creating a ‘Digital Pound Lab’ to enable ‘hands-on experimentation’ as part of its ongoing…

UnionDigital Bank and JuanHand Ink Loan Channeling Partnership to Expand Financial Access

UnionDigital Bank (UD), the digital bank subsidiary of Union Bank of the Philippines, and JuanHand, the country’s leading pure fintech…

Nubank invests $150M in Tyme Group’s digital banks in South Africa and the Philippines

Brazilian neobank Nubank led Tyme Group‘s $250M Series D with a $150M investment, valuing Tyme at $1.5B. M&G Catalyst Fund,…

Cash still king in Europe despite digital payment surge, reveals report

Despite the ongoing rise of digital payments, cash remains a significant payment method, especially for smaller transactions and person-to-person exchanges,…

Nomupay raises $37m to accelerate access to Asian payment markets

Dublin-headquartered Nomupay, a payments platform aiming to simplify access to fragmented global markets, has closed a $37m funding round, achieving…

India’s digital payments strategy is cutting out Visa and Mastercard

As digital payments morph into strategic assets, India is offering a template for other nations seeking to reduce dependence on…

Popular LatAm digital payment service AstroPay launches multi-currency wallet

AstroPay has been around since 2009. The bootstrapped company currently has 320 employees and is profitable. And yet, it’s not…

Strategic Partnership Between Bamboo and Coda Simplifies Gaming Payments in LATAM

Bamboo, a leading cross-border payments solution provider, has announced a strategic partnership with Coda, a trusted monetization platform for global…

Bank Jago and Google Cloud team to drive growth for Indonesians

PT Bank Jago Tbk (Bank Jago), the tech-based bank in Indonesia, and Google Cloud have announced a new, multi-year collaboration…

‘We want to pay it forward’: Funding Societies raises $25M to boost capital for SMEs in Southeast Asia

Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall…

Mexican neobank Klar acquires Tribal

Mexican neobank Klar acquired Tribal, a Mexican fintech that offers credit cards, payment accounts, and working capital financing for SMEs.…

Santander Goes National in the United States with Openbank, Bringing High Yield Savings Opportunities to More Americans

Santander Bank has officially launched Openbank, a new digital banking platform, whose initial offering brings high-yield savings opportunities to more…

Google pushes back against federal supervision of its payment arm

The Consumer Financial Protection Bureau (CFPB) announced Friday that it was placing Google’s payment arm under federal supervision. In response,…

Ayan Capital raises £2.8m to expand Islamic FinTech solutions in the UK

Ayan Capital, a London-based Islamic FinTech, has announced the successful closure of a £2.8m ($3.6m) equity funding round. The round…

Nubank partners with Puntored to enable cash deposits across Colombia

Nu Colombia announced a partnership with Puntored to allow customers to make free cash deposits into their Nu accounts at…

CloudWalk raises $444M to fund merchant payment advances

Brazilian fintech CloudWalk raised $444M through a Credit Rights Investment Fund (FIDC) structured by Itaú BBA, with participation from Bradesco…

Zopa, the UK neobank, snaps up $87M at a $1B+ valuation, eschewing the IPO route

Some believe Klarna’s planned IPO in 2025 could set the stage for other fintech startups to go public. But with…

Yueda Card to streamline cross-border business payments

Visa, a global leader in digital payments, and LianLian Global, a prominent cross-border payment solution provider, have announced the launch…

Latin America fintech will be a market to watch in 2025

Midway through 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d already hit the bottom for funding to…

Cardless secures $30m to enhance co-branded credit card offerings

Cardless, an embedded credit card platform, has successfully raised $30m in growth equity funding. According to Finextra, this funding marks…

Revolut to offer UK, EU stock trading solutions after scoring license

FinTech Revolut has been granted a trading licence from the Financial Conduct Authority (FCA), paving the way for it to…

India, already an IPO bright spot, prepares for bigger surge in 2025

India has bucked the global trend in initial public offerings (IPOs) this year, establishing itself as a rare bright spot…

US Treasury Warns Banks about Deepfakes

GenAI is already helping criminals circumvent standard CDD and KYC practices. The tried-and-tested process of keeping soft and hard copies…

2025 Payment Trends: Wallets & Open Banking to steal the spotlight

The payments industry is on the cusp of transformation, with digital wallets and Open Banking poised to dominate the landscape…

Morgan Stanley Expansion Capital invests $20m in NovoPayment

Morgan Stanley Expansion Capital has announced an investment of $20 million in NovoPayment, a US-based financial and payment infrastructure service…

PayPal once again lets you pool money from others to pay for things together

PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay…

Mastercard sets 2030 goal for number-free cards and passwordless payments

Mastercard today outlined a future for online payments that departs from traditional card numbers and passwords, emphasizing seamless transactions secured…

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