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
UBS Pilots Blockchain-Based Payment System
UBS has successfully completed a pilot of its blockchain-based payment system, UBS Digital Cash, aimed at enhancing the speed and efficiency of cross-border transactions for corporate and institutional clients. The pilot processed ... Read More
OCBC Introduces P2P Pay-to-Wallet Service for Cross-Border Remittances
OCBC has launched a peer-to-peer (P2P) pay-to-wallet service via Visa Direct, allowing customers to send near-instant transfers to Weixin Pay (WeChat Pay) and Alipay using just the recipient’s China national ID and mobile number. OCBC ... Read More
Visa Expands QR Code Payments Across Asia Pacific
Visa is collaborating with several QR payment providers across Asia Pacific to enable cross-border QR payments. The partnerships include Lakala in Mainland China, Touch ‘n Go Digital in Malaysia, FOMO Pay in Singapore, LINE Pay in ... Read More
BNZ Acquires Māori-Led Open Banking Fintech BlinkPay
The Bank of New Zealand (BNZ) has acquired BlinkPay, a Māori-led open banking fintech founded in 2015. BlinkPay connects with local banks to offer a range of services that facilitate open banking payments. As part of the acquisition, ... Read More