Nigerian central bank to launch new CBDC through Bitt collaboration
The Central Bank of Nigeria (CBN) is teaming with Barbados-based FinTech Bitt to introduce a new central bank digital currency (CBDC) called eNaira.
Whitepaper finds almost half of UK consumers have confusion about open banking
A whitepaper by payment service provider Ecommpay has found 48% of all UK consumers have some level of confusion regarding open banking and its uses.
Abu Dhabi Islamic Bank unveils Gen Z-targeted banking services
The Abu Dhabi Islamic Bank (ADIB) has introduced Amwali, a new digital banking proposition that will target youths between the ages of 8 to 18.
Zip continues global expansion with Payflex acquisition
Australian buy now, pay later (BNPL) firm Zip has continued its push for an expanded global presence with the purchase of South African BNPL Payflex.
Ayoconnect to enhance API offering with pre-Series B support
Indonesia-based Ayoconnect has secured $10m in its pre-Series B round, as it looks to deepen the APIs it offers.
BankiFi collects funding as it gears up for product expansion
BankiFi, which builds payment processing and financial administration services for SMEs, has bagged £2.2m in funding.
Cake digital bank teams up with cloud banking platform Mambu to scale its banking...
Vietnam's newest challenger bank Cake digital bank has selected SaaS cloud banking platform Mambu as it looks to scale its business towards offering a full suite of digital banking services.
Amazon to offer BNPL services to its US market through Affirm alliance
Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.
National Bank of Canada invests $103m in open banking firm Flinks
National Bank of Canada invested $103m in Flinks, including $30m in growth capital towards acceleration of the Montreal-based FinTech's expansion activities in North America.
BNPL market projected to generate almost $4trn annually by 2030
A report by Allied Market Research has projected that the buy now, pay later (BNPL) will generate $3.98trn by 2030 and record a CAGR of 45.7% from 2021 to 2030.
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