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In a major advancement for digital financial inclusion, Salaam Somali Bank has partnered with Mastercard to introduce a digital-first co-branded multi-currency prepaid card. This innovative product is designed to enhance digital payment solutions for international travelers and diaspora communities, offering secure and convenient payment methods worldwide. The Waafi card provides a seamless digital banking experience…
Mansa, the pioneering fintech providing liquidity to multinational exports and cross-border payments for companies in emerging markets, today announced the launch of its first pool on Base. This marks a significant milestone in Mansa’s mission to democratise access to financing for businesses in Africa. Base is a secure, low-cost Ethereum-equivalent L2 blockchain built on the OP…
Featurespace, the world leader in enterprise grade technology that prevents fraud and financial crime, has launched TallierLTM™ – the world’s first Large Transaction Model (LTM). TallierLTM™, a foundation AI technology for the payment and financial services industry, is a large-scale, self-supervised, pre-trained model designed to power the next generation of AI applications for the financial protection of…
UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions. The 2024 State of Payments Report released today – surveying 4,000…
Marqeta (NASDAQ: MQ), the leading global modern card issuing platform, has announced a collaboration with Visa and Affirm to introduce the Visa Flexible Credential. This innovative single card product allows users to switch between different payment methods, empowering consumers with greater choice and convenience. In May 2024, Marqeta achieved certification for Visa Flexible Credential. This…
Bank payment company GoCardless has announced a partnership with OMS, the seamless single-input enquiry to completion processing platform for brokers, to simplify and accelerate the payment process for its ever-growing user base. OMS will integrate Instant Bank Pay, GoCardless’ open banking payments feature, directly into its platform, enabling brokers to efficiently request payments from their clients for…
PXP Financial, a leader in global payment services, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered to transform the merchant application journey, elevating the partnership experience with PXP. Designed to enhance efficiency and accuracy, the Partner Portal empowers partners to focus on growth and success. It enhances the…
Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – including bank transfers, EFT, wire, and ACH – as part…
Weavr announces the acquisition of a European e-money licence. This licence is a significant milestone for both Weavr and the embedded finance industry, facilitating the broader adoption of embedded finance by B2B SaaS businesses. The MFSA granted the licence following a thorough review of Weavr’s operating model, which is specifically designed to simplify the integration…
Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This innovative technology, developed by global fintech Banked in partnership with NAB, enables fast and secure payments straight from a user’s bank account. Together NAB and Banked are working to…
Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake in UK headquartered payments business Sokin, marking an exciting new chapter for the fast-expanding fintech firm. The acquisition will provide significant capital and accelerate its product growth plans and further global expansion. The transaction is constructed to provide investment to the company to…
ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments solutions, and Worldpay, a leading global provider of payment processing solutions, today announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide. Through ACI’s innovative, market-leading payments software solutions, Worldpay will continue to offer…
