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Trustly, a global leader in open banking, has announced a strategic partnership with foodora, a leading food delivery service, to introduce a groundbreaking checkout service option for foodora customers. Initially rolling out in Finland, the new payment solution will soon expand to other European markets, including Norway, Sweden, the Czech Republic, and Austria. This cutting-edge…
Consumers across the UK who are using digital financial management tools report being on average £37.08 better off per month, or £4451 better off per year, compared to pre-adoption. Today, as many as 7.6 million3 Brits are already using digital financial management tools, meaning this group is gaining up to a total of £3.384 billion collectively each year. …
TerraPay, a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions. Together, these operators serve millions of wallet users, spanning regions such as Bangladesh, Colombia, Kenya, Senegal, Tanzania and Uganda. The…
Dubai Court of First Instance has ruled that wages in the UAE can be paid in cryptocurrency, provided the terms are clearly defined in employment contracts. This ruling, issued in case number 1739 of 2024 (labour), marks a significant shift in the legal landscape, reinforcing the acceptance of digital currencies as a legitimate form of…
Bitwise has acquired ETC Group, a London-based crypto ETP issuer with over $1 billion in assets under management, marking its expansion into Europe. This acquisition adds nine European-listed crypto ETPs to Bitwise’s extensive portfolio, which includes ETPs, hedge fund solutions, and separately managed accounts. Founded in 2019, ETC Group offers a range of physically backed…
Waza, a payment and liquidity platform focused on emerging markets, has raised $8 million in a combination of equity and debt funding to enhance how African businesses, traders, and large organizations manage and pay their global suppliers. The $3 million seed equity round was backed by institutional and strategic investors including Y Combinator, Byld Ventures,…
GTreasury, the pioneer and global leader in cloud-based software for the Office of the CFO, today announced a partnership with Necto, the multi-bank API aggregator, and continued expansion of its ClearConnect Gateway. This partnership expands the library of bank APIs available to the award-winning ClearConnect Gateway, an extensive, out-of-the-box global bank connectivity suite. The solution now enables all customers…
Adyen, the global payments platform of choice for many of the world’s leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. The commitment to accelerate payment innovation in India includes a…
IBM has introduced a new “Lightweight Engine” for its WatsonX.ai service, aimed primarily at enterprise users but also designed to provide a secure and scalable solution for small to mid-sized businesses (SMBs), especially in emerging sectors like fintech. This innovation enables companies to deploy generative AI in-house, effectively sidestepping potential regulatory hurdles that cloud solutions…
Zip, a digital financial services company focused on innovative, people-centered products, has announced its integration as a payment method for U.S. merchants using Stripe. This new integration allows eligible merchants to enable Zip as a payment option with just a single click, enhancing their ability to attract new customers while increasing both conversion rates and…
Peanuds, a financial application tailored for digitally focused startups, freelancers, and small to medium-sized businesses (SMBs), has announced a strategic partnership with Weavr, a leading embedded finance provider. Peanuds combines payment solutions, such as money transfers and card services, with a team-based spend management platform. This collaboration allows clients to create user profiles with custom…
Quantum Metric, the leading Continuous Product Design platform for customer-driven digital experiences, has unveiled new statistics highlighting a significant lack of consumer confidence in mobile banking. According to the report, 39% of consumers express doubts about mobile banking transactions, with only 20% regularly making purchases on their phones. The findings suggest that issues such as…
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