House GOP Aims to Repeal CFPB’s Buy Now, Pay Later Rule
The House GOP has introduced legislation to repeal the Consumer Financial Protection Bureau's (CFPB) rule on Buy Now, Pay Later (BNPL) services. Critics argue the rule imposes excessive regulatory burdens, potentially stifling financial ... Read More
ANZ to Acquire Suncorp Bank in Strategic Expansion Move
ANZ Banking Group has announced its plans to acquire Suncorp Bank in a strategic move to expand its Australian market presence. The acquisition, valued at approximately AUD 4.9 billion, is expected to enhance ANZ's retail and commercial ... Read More
Flutterwave Secures Payment Service Provider License in Ghana
Flutterwave, a leading African fintech company, has obtained a Payment Service Provider (PSP) license from the Bank of Ghana. This new license allows Flutterwave to enhance its payment processing capabilities in Ghana, bolstering its ... Read More
WorldFirst Unveils New Solution for Instant Cross-Border Payments
WorldFirst has launched an innovative payment solution to facilitate instant cross-border transactions. This new offering aims to enhance efficiency for businesses and individuals, streamlining international payments with advanced ... Read More
Totem, Native American-Focused Neobank, Set to Close Down Amid Funding Challenges
Totem, a neobank designed to serve Native American communities, is shutting down due to funding difficulties. Despite its mission to provide financial services to an underserved population, Totem faced insurmountable financial challenges ... Read More
Sberbank Announces Increase in Mortgage Rates Amid Economic Shifts
Russia's largest lender, Sberbank, has announced plans to raise mortgage rates due to changing economic conditions. The decision comes in response to increasing inflation and central bank policies. This move is expected to impact ... Read More
Visa Unveils Toolkit to Boost Contactless Payments for Vietnamese SMBs
Visa has introduced a new toolkit designed to help small and medium-sized businesses (SMBs) in Vietnam adopt contactless payment solutions. This initiative aims to enhance payment convenience, reduce transaction times, and support the ... Read More
Mynt’s Valuation Surpasses $5 Billion with Strategic MUFG and Ayala Investments
Philippines-based fintech Mynt has seen its valuation soar to over $5 billion following significant investments from Japan’s Mitsubishi UFJ Financial Group (MUFG) and the Ayala Corporation. This strategic funding underscores Mynt's ... Read More
Mbanq Unveils Advanced White-Label Mobile Digital Banking Apps
Mbanq has introduced new white-label mobile digital banking apps designed to enhance user experience and streamline financial operations for banks and fintech companies. These customizable solutions offer robust security, innovative ... Read More
Zil US Launches Cloud Banking Solution for Efficient Financial Management
Zil US introduces a cloud banking platform designed to simplify and enhance financial management for businesses. With integrated features like real-time reporting and secure transactions, Zil US aims to provide a comprehensive solution for ... Read More