Italy Sees the Fastest Growth of In-Store Mobile and Wearable Transactions
In-store mobile and wearable transaction values in Italy rose by 122% in 2022 to hit $17.5 billion
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JPMorgan Funds Metaverse Payments Platform Tilia
A payment platform for metaverse economies Tilia has secured a total of $22 million in funding from JPMorgan and Seoul-based fintech Dunamu to scale and provide KYC-compliant micropayments
Dubai’s Astra Tech Forms Partnership With Mastercard
Fintech company Astra Tech, which is based in Dubai, announced that as a result of a partnership with Mastercard, it managed to expand its payment ecosystem.
Apexx Global Scores $25 Million Series B
The investment management platform Apexx Global announced the receipt of additional financing in the amount of $25 million.
US Department of Agriculture to put State Benefits on Mobile Phones in Five States
The U.S. Department of Agriculture (USDA) will provide citizens eligible for financial support under the Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri, and Oklahoma with the opportunity to receive benefits and make payments via NFC or QR code for relevant purchases on a mobile device.
Numeral Launches in UK to Help Fintechs Access EU Markets
The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.
Krungthai Bank Deploys Visa B2B Connect in Thailand
Krungthai Bank (KTB) and Visa announced the conclusion of a partnership agreement to provide enterprises operating in Thailand with the opportunity to make cross-border corporate payments under a simplified procedure.
Pocketbook and Bond Help Small Businesses Deploy Digital Wallets
Pocketbook and Bond announced the beginning of cooperation, the purpose of which is to provide small and medium-sized businesses with the opportunity to introduce digital wallets.
Xeni and BitPay to Enable Crypto Payments in Travel
Through the partnership with Bitcoin payments company Bitpay, Xeni enables its customers to accept crypto payments for commercial flights, hotels, car rentals, and other travel activities
Swift to Develop CBDC Connector
After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures
WeChat Adds CBDC to Payment Platform
China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)
Candidly Raises $20.5 Million for Student Debt and Savings Optimization
Candidly reported that it managed to attract investment funds in the amount of $ 20.5 million following the results of the Series B financing round.
German VC Firm La Famiglia Raises $264 Million
The venture capital company La Famiglia, which is based in Berlin, announced the attraction of investment funds in the amount of $ 264 million.
Transact Campus Partners With Amazon to Introduce Unmanned Stores on Campuses
Fintech provider Transact Campus integrated its payment solutions with Just Walk Out technology by Amazon to deploy self-service stores on and off college campuses
Mashreq and i2c Partner to Aid Fintech Payments in UAE
Mashreq and i2c announced the beginning of cooperation, within the framework of which the companies will present digital payment solutions in the financial services market of the United Arab Emirates (UAE).
GIACT and Mastercard Team to Provide Secure Account Verification
Mastercard and GIACT announced the beginning of cooperation in order to provide customers with a secure account verification procedure.
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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