Fintech Funding in US and UK Sees Sharp Decline in 2023
Inflation, increased interest rates, geopolitical instability, and other macroeconomic challenges brought US and UK fintechs 36% and 63% less money last year, respectively.
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African Fintech Cleva Raises $1.5 Million
Nigerian fintech company Cleva, which specializes in creating a banking platform that allows African businesses and local individuals to access international payments by opening dollar accounts, raised $1.5 million as seed funding.
Ant Group Reportedly Plans to Purchase MultiSafepay
The media reports that the Chinese Ant Group is currently preparing to implement its intention to acquire the Dutch payment company MultiSafepay.
Adyen and Straumur to Enhance Payment Processing in Iceland
Adyen, a global financial platform based in the Netherlands, announced the beginning of cooperation with the Icelandic firm Straumur, which is a subsidiary of Kvika.
PRIME Africa Provides Access to Improved Financial Services for Moroccan Migrants
To improve financial services for Moroccans, a new partnership has been launched between the United Nations International Fund for Agricultural Development (IFAD) and international money transfer operator, Moneytrans, which is part of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) project.
HSBC Takes on Revolut With New App for Non-Customers
HSBC Holdings plans to release an app with which financial services consumers will be able to make international payment transactions.
Nomura Downgrades Uber and Lyft
Ridesharing giants Uber and Lyft achieved good results in 2023, the main one being revenue growth, but 2024 will be a period of difficulties for them.
OnlineCheckWriter.com Launches Cloud Banking Service in Oman
B2B Payment Platform OnlineCheckWriter.com expanded the geography of using its cloud banking service.
The Eastern Bank in Bangladesh Creates First Metal Biometric Card
The Eastern Bank, located in Dhaka, Bangladesh, has unveiled the world’s first biometric metal card, set to transform the banking experience for its EBL customers starting in early 2024.
India-Based Car-Sharing Platform Zoomcar Goes Public
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
What is White-Label Credit Card Processing?
In the fast-paced business world, the drive to launch an innovative and profitable payment processing company is a common aspiration. If you’re wondering how to embark on such a journey with minimal investment and in a short period of time, the solution lies in white-label credit card processing.
IndusInd Bank Launches Corporate Credit Card
IndusInd Bank has launched a corporate credit card on the RuPay network.
Exploring Payment Orchestration: Types and Their Impact
The concept of payment orchestration has emerged as a pivotal element in ensuring seamless transactions for businesses and consumers alike. Payment orchestration, simply put, is the process of efficiently managing multiple payment service providers (PSPs) to optimize payment processing.
US Holiday Retail Sales Grow 3.1%
Mastercard SpendingPulse estimated that this year’s holiday in-store and online retail sales grew 3.1% year over year.
Alibaba Promotes Millennials to E-Commerce Leadership Roles
Alibaba Group Holding is pushing millennials, who are representatives of the generation born in the early 1980s – mid-1990s, to take leading roles in the Chinese online market, since currently this e-commerce giant, based in Huangzhou, is going through a kind of transformation period to resist the pressure of competitors such as PDD Holdings.
Revolut Reports Revenue of More Than $1 Billion in 2022
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
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