BNPL Provider Zip Exits Markets and Sells Assets in a Rewind of Global Expansion Plans
Australian BNPL firm Zip has reconsidered its plans for international expansion after a 95% stock slump
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Fintech myPOS Launches New Products for SMEs
UK-based fintech platform myPOS has launched the next generation of myPOS Go device that allows even micro SMEs to take their business to the new level
Hundreds of Bitcoin ATMs Go Off the Grid in 60 Days
In January 2023, the global Bitcoin ATM network declined by 289 machines, with the number of crypto ATMs further cut down in February by 123 machines
Mastercard and Google Launch Google Pay in Kuwait
Mastercard joined Google to strengthen digital payment capabilities in Kuwait with Google Pay offering
E-commerce Aggregator Una Brands Lands $30 Million
Una Brands, a Singapore-based e-commerce aggregator, announced the attraction of investment funds for $ 30 million following the results of the Series C financing round.
Remitly Ditches Banking App Passbook
Remitly, a company that specializes in money transfers, is closing Passbook, an online bank account for immigrants from the United States.
Mantl Signs Financial Plus Credit Union
Financial Plus, a $1.2 billion credit union with 11 branches in Michigan, announced the start of a partnership with Mantl, a leading provider of account creation solutions.
UK Challenger and Specialist Bank SME Lending Hits Record High
In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.
First Fidelity Bank Unveils BaaS Offering
First Fidelity Bank (FFB), a 100-year-old community bank headquartered in Oklahoma City, announced the launch of a next-generation Banking as a Service (BaaS) product.
Klarna Reports $1 Billion Loss
Swedish BNPL giant Klarna reported losses for 2022.
Startup Zipzero Raises £1 Million
Zipzero, a British consumer app, has announced that it has managed to attract initial funding of 1 million pounds.
Payments Intelligence Startup Pagos Raises $34 Million
Pagos, a payment analysis startup, announced the attraction of $34 million in investments following the results of the Series A funding round.
Banco Sabadell to Sell Payments Arm to Nexi
Spanish bank Banco Sabadell announced the sale of 80% of the shares of its Paycomet payment division to the Italian company Nexi.
Klarna to Introduce Charges for Late Payments
Swedish fintech company Klarna has announced the start of charging late payments from customers in the UK.
Paysend and Transformify Launch On-Demand Payroll Services
British fintech Paysend and payroll platform Transformify have teamed up to provide seamless payroll on-demand payments for contractors and vendors
Japanese Banks to Enter Metaverse Economic Zone
Leading Japanese banks and tech companies have joined a metaverse infrastructure project to provide payments, authentication, and insurance services for users across platforms
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