Mastercard to Eliminate Passwords and Manual Card Entry by 2030 with Tokenisation and Biometrics
Mastercard is taking bold steps to revolutionize online payments by aiming to eliminate manual card entry, passwords, and one-time codes by 2030. With e-commerce growing rapidly, online fraud rates remain seven times higher than in-store ... Read More
Visa Partners with Affirm to Launch Flexible Payment Card Offering Debit and BNPL Options
Visa has collaborated with Affirm to bring its “flexible credential” technology to the U.S., allowing consumers to toggle between debit and buy now, pay later (BNPL) options through a single card. The new Affirm card, powered ... Read More
Agicap Secures €45M in Series C Funding, Driving Cash Flow Automation for European SMEs
Agicap, a French treasury management platform, has successfully raised €45 million in a Series C funding round led by AVP. Since its inception in 2016, Agicap has focused on simplifying cash flow management for SMEs and mid-market ... Read More
Ualá Reaches $2.75 Billion Valuation with $300 Million Funding Round
Argentinian fintech Ualá has secured $300 million in a Series E funding round led by Allianz‘s VC arm, raising its valuation to $2.75 billion. Investors in the round included Tencent, Goldman Sachs Asset Management, Soros Fund ... Read More
Satispay Raises €60 Million Amidst Continued Growth
Italian mobile payment unicorn Satispay has secured €60 million in funding from existing shareholders Addition, Greyhound, and Lightrock, bringing its total funding to over half a billion euros. The milestone follows a rapid expansion, ... Read More
American Express Partners with MX for Secure Data Sharing
American Express has entered into a data-sharing partnership with MX Technologies, utilizing API-powered connections to enable secure access to cardholder data for third-party financial institutions and fintech apps. This integration will ... Read More
Visa and Tencent Introduce Palm Payments in Singapore
Visa has partnered with Tencent to roll out palm recognition payment technology in Singapore, marking the first international launch of the feature. Under this collaboration, Visa cardholders from participating Singapore banks, including ... Read More
WonderFi CEO Kidnapped, Ransom Paid for Safe Release
Dean Skurka, the CEO of WonderFi, a cryptocurrency firm based in Toronto, was kidnapped and held for a C$1 million ransom in a shocking incident last week. The abduction occurred in downtown Toronto, where Skurka was forced into a vehicle. ... Read More
Nium Partners with Blockchain-Based Partior for Cross-Border Payments
Nium, a cross-border B2B payments operator, has partnered with Partior, a blockchain-based fintech specializing in clearing and settlement, marking Nium as the first fintech payment service provider on the Partior network. This ... Read More
Wise Targets Trillion-Pound Transaction Milestone
Wise, the global money movement firm, has set its sights on processing trillions of pounds in transactions globally, following a strong first half of the year. In its H1 results, Wise reported £215.8 million in net interest income (up ... Read More