Latest Results from /payments
/payments
US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.
23 April 2024
UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs).
UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.
EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.
22 April 2024
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.
Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.
Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.
The UK government has published its Smart Data Roadmap laying out its plans for smart data schemes across seven sectors, including banking and finance.
19 April 2024
Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.
HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.
With its valuation raised 45% by an investor, UK-based fintech Revolut is pumping $100 million into Mexico as it seeks to cash in on the lucrative Latin American remittance market.
18 April 2024
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.