Soum Raises $18 Million
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
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5 Common Mistakes to Avoid When Choosing an Online Payment Processor
Every eCommerce business needs to find the right payment processing partner to enable smooth financial transactions with customers. This decision carries great weight – choose wisely, and your payment processor will seamlessly keep the business flowing for years to come.
Walmart Upgrades Self-Checkout With BNPL from Affirm
Affirm’s flexible pay-over-time BNPL options are now available in self-checkout kiosks at over 4,500 Walmart stores in the United States.
Bunq Unveils GenAI-Platform
Dutch neobank launches a Generative AI-driven platform to replace the outdated search function on its banking app.
Meta Launches Partnership With India’s ONDC
Meta announced the beginning of cooperation with the Indian Open Network for Digital Commerce (ONDC).
Uber for Business Adds Integrations With Expense Management Providers
Uber for Business has integrated with Brex and Ramp cost management service providers.
Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China
The Monetary Authority of Singapore (MAS) has instructed companies providing money transfer services to suspend the use of non-bank and non-card channels when interacting with individuals interested in cross-border transactions to China.
Xero and Flinks to Enhance Banking Data Access
Xero, a global platform for small businesses, has announced the start of a partnership with Flinks, an open banking company.
Robinhood Pulls Customers From Larger Brokers
Robinhood began to gain clients from more well-known brokers, including Fidelity and Charles Schwab.
Salv Raises $4.3 Million
Salv, an Estonian-based provider of solutions to combat financial crimes, reported that it was able to raise financing for 3.9 million euros ($4.29 million).
UnionPay International Partners With Trip.com
UnionPay International (UPI) has established a partnership with Trip.com, a global virtual travel agency.
First Bank Launches Backbase’s Engagement Banking Platform
Backbase, which is currently a global leader in advanced sphere interacting banking, announced that First Bank, based in St. Louis, Missouri, has started operating on the Backbase Engagement Banking platform.
Banking Platform Kapital Raises $165 Million
Kapital, the company that manages the banking platform, announced that it has managed to raise new capital for $165 million.
TD Bank and Plaid to Simplify Access to Apps
TD Bank Group and fintech company Plaid have announced a joint effort to eliminate the need to provide login credentials to third-party apps for customers of the mentioned financial institution in the United States and Canada.
PayPal and SAP to Simplify Digital Payments for Businesses
PayPal and SAP have announced the launch of advanced integration.
GBank to Expand Gaming Solutions With BankCard Services
GBank Financial Holdings and BankCard Services (BCS) have announced that they have managed to reach a final merger agreement.
Fintech & Ecommerce
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