Mastercard and 4thWave to Drive B2B Payments Across EEMEA
Mastercard has partnered with 4thWave, a provider of an innovative digital platform for finance and banking as a service (BaaS), to optimize business-to-business (B2B) payment flows.
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White Label Payment Gateway
A white-label payment gateway is an all-in-one solution suitable for a business of any scale. It is easy to implement and offers multiple advantages at a reasonable price to payment service providers (PSPs), financial institutions, and merchants worldwide.
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.
Bitcoin-Accepting Merchants Grew 174% in 2023
The number of merchants accepting Bitcoin payments increased almost threefold last year, with a notable concentration in Europe and Latin America.
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.
Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
Spain’s Central Bank Chooses Partners for CBDC Project
Cecabank, Abanca and Adhara Blockchain will experiment with central bank digital currency (CBDC), testing different use cases within the pilot of the wholesale CBDC by Spain’s central bank (Banco de España).
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.
OnlineCheckWriter.com Launches Cloud Banking Service in Oman
B2B Payment Platform OnlineCheckWriter.com expanded the geography of using its cloud banking service.
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.
Visa and TECH5 to Promote Digital ID-Based Payments
Visa announced the beginning of cooperation with the biometric company TECH5.
Payoneer Introduces New Features to Small Business Growth
Payoneer, a company operating in the financial technology industry, has announced new features that will enhance the quality of customer service and facilitate entrepreneurs’ access to the global economy.
EBL Launches Biometric Metal Card
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
Payments are the transfer of money between two parties in exchange for goods, services, or to settle obligations. They can be made through various online and offline methods like cash, cards, bank transfers, mobile wallets, or digital currencies.
Payments are foundational to the fintech industry. They represent the most frequent and essential financial interaction between individuals, businesses, and institutions. In fintech, innovations in payments focus on making transactions faster, affordable, more secure, and inclusive.
These money transfers are often the entry point for broader digital financial services, such as lending, insurance, or investment, and play a key role in driving financial inclusion and global commerce.
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