Matera to Boost Instant Payments With AI via Cinnecta Acquisition
Matera acquired Cinnecta for an undisclosed amount to enhance its instant payments and QR-code payments solutions with AI capabilities
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Monos CEO Says About Impact of Inflation on Costs of D2C Buyers
Victor Tam, CEO of Monos, a company that creates premium travel products, said that during the difficult macroeconomic situation, which so far shows no signs of improvement in the foreseeable future, many consumers refuse to make large purchases in the e-commerce space, preferring shopping during holiday sales.
Expert Says Banks Need Data Providers
Charles Zhu, Enigma’s vice president of products, said during a conversation with the media that the Know Your Business (KYB) requirements can become a heavy burden for financial institutions that form the internal process of meeting the criteria.
Brex Spend Platform Expands to Enable Corporate Event Management
Brex, a global spend platform, launched a group events feature within its Brex travel solution that enables businesses to create and manage corporate events for employees.
Mastercard Partners With MTN, Acquiring Minority Stake in Its Fintech Business
Africa’s largest mobile network operator MTN has sold a minority stake in its fintech arm to the payment giant Mastercard to support the acceleration and growth of the business’s payments and remittance services.
Ant Group Partners Central Retail Corporation to Launch Alipay+ in Thailand
The partnership aims to target Asian tourists travelling to Thailand and shopping at brands under Central Retail, providing them with convenient checkout methods via Alipay+ with their local mobile wallet
Amazon Launches New AI-Powered Feature
Amazon on Monday, August 14, announced the launch of a new feature based on artificial intelligence, which highlights the most important and significant parts of customer reviews of products purchased on the e-commerce giant’s platform.
AI Reduces Burden on Supply Chains
Shipping has become one of the areas of use of artificial intelligence, where advanced technology has become a valuable tool.
Lender Better.com Plans SPAC Listing in August
Digital Mortgage Lender Better.com plans to become a public company by the end of August.
FinMont to Partner With Chargebacks911
The global payment organization platform FinMont announced the beginning of cooperation with the company for the management of chargebacks Chargebacks911.
Cartwheel Integrates With Toast Partner Ecosystem
Cartwheel, the on-demand delivery management platform, announced integration with the Toast partner ecosystem.
LuLu Group Raises $2.72 Billion
LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).
Marketplace Instacart Expands SNAP Payment Acceptance
Instacart, an online grocery store, announced the start of accepting electronic payments under the Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) throughout the United States.
Serve Robotics Raises $30 Million
The company Serve Robotics announced the completion of a public deal and the raising of $30 million in financing.
Moove Raises $76 Million to Transform Financial Services for Mobile Gig Workers
The funding round led by Mubadala and BlackRock brought African-born, global mobility fintech Moove $76M to accelerate its expansion
RBI Introduces Conversational Payments With AI Involved
The Reserve Bank of India is using innovative fintech developments to strengthen the country’s UPI payment system with AI-powered “conversational” payments
Fintech & Ecommerce
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