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Vipps MobilePay has launched its groundbreaking “tap with Vipps” feature in Norway, becoming the first company to offer an alternative to Apple Pay on iPhone. Starting today, Vipps users can tap their phones to pay at stores, marking a major milestone in the global payment landscape. “This is the culmination of years of effort to…
Digital finance platform Brighty has raised $10 million in funding from Futurecraft Ventures. The app blends traditional banking with stablecoins and decentralized finance, offering European IBAN accounts, VISA cards (physical and digital), and custodial addresses across Ethereum, Tron, Polygon, and Arbitrum. Brighty enables users to exchange crypto for fiat currencies like Euro, USD, and GBP,…
LexisNexis® Risk Solutions, part of RELX, has entered into an agreement to acquire IDVerse™, a provider of AI-powered automated document authentication and fraud detection solutions. IDVerse will become part of LexisNexis Risk Solutions Business Services. Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes. Its proprietary technology is powered…
An extensive new survey from The Payments Association, a trade group representing the payments industry, has shown that consumer preference for using cash is already low and likely to decline further. The Payments Association believes the UK should invest in the next stage of its payments evolution with the introduction of a Central Bank Digital…
Swiss-based Relai, a self-custodial Bitcoin investment platform, has successfully raised $12 million in a Series A funding round, led by Ego Death Capital with a $4 million contribution. Additional funding came from Plan B Bitcoin Fund, Timechain, and Solit Group, signaling strong investor confidence in Relai’s mission to make Bitcoin investments accessible to a wider audience. Despite a…
Comment from Aaron Holmes, CEO of Kani Payments: A New Era for Reconciliation in Payments “The reconciliation software market, set to grow from USD 1.72 billion in 2023 to USD 6.49 billion by 2032, underscores a profound shift towards accuracy and efficiency in finance. This growth isn’t just about technology adoption—it’s a response to the mounting complexity…
Clear Junction, a global leader in cross-border payments for regulated financial institutions, has revealed a significant gap in the preparedness of payment industry leaders to navigate the complexities of the Markets in Crypto-Assets Regulation (MiCA) regulation, which is now in effect across the EU. MiCA, which entered into force in June 2023, introduces a comprehensive…
As we enter 2025, the UK’s fintech sector is poised for a resurgence following a prolonged period of economic downturn and stands to benefit immensely from the government’s commitment to embrace innovation. With the potential to unlock nearly £330 billion over the next five years, the timing is ideal for businesses to forge new partnerships, especially within the…
TBC Bank Uzbekistan, the country’s largest digital bank and part of London-listed TBC Bank Group PLC, is pleased to announce the placement of its debut one-year bond denominated in Uzbek soums. This is the first ever local-currency bond issued in Uzbekistan by a digital bank. The 40billion soum bond ($3.11 million), yielding 24%, marks a…
Mastercard has partnered with Sympla, the leading events platform in Brazil, and Yuno, a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Beginning in January, Sympla and Yuno will be the first partners in the region to offer thisinnovative solution…
Zopa, the digital-first bank redefining personal finance in the UK, has raised over €80 million (GBP £68 million) in an equity funding round led by A.P. Moller Holding alongside existing investors. This milestone underscores the bank’s robust financial performance and positions it for further growth as it prepares to launch its flagship current account in…
Ecommpay, the global payments platform, has introduced its innovative Payouts via Hosted Payment Page, transforming payouts for businesses lacking beneficiary details. This groundbreaking solution simplifies payments to cards, Apple Pay, and Google Pay, catering to sectors like international remittances, gig platforms, and community businesses. By reducing integration complexities and compliance burdens, the feature accelerates time-to-market and…
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