B2B Payments

Challenger bank Monzo fixes problem that caused its services to crash

Bank customers were left unable to access their money after neobank Monzo’s services went down on Monday July 29.

Ghana aims to topple Kenya as Africa’s most digitalised economy

The vice-president of Ghana has announced an ambitious programme to digitalise the country’s economy.

Payment company MoneyGram has signed a partnership with LuLu Money

MoneyGram has kept on growing since Ant Financial bought the payment company in 2017 for $880m. Now it plans to power that growth with a new partnership with non-banking finance company LuLu Money.

Wirecard has become Visa’s preferred payment processor

Hot on the heels of signing a new partnership with Klarna in March, Wirecard has now inked a new deal with Visa to help the payment giant bolster the Visa Fintech Fast Track programme in the Middle East.

Barclaycard inks partnership with FreedomPay

Payment company Barclaycard is looking to provide a seamless end-to-end payment experience to its customers through its new partnership with FreedomPay.

Visa buys stake in Global Processing Services

Payment giant Visa has made a strategic investment into Global Processing Services (GPS), a payments issuer processor.

MoneyGram teams up with Checkout.com for Visa collaboration

Cross-border transactions company MoneyGram has expanded its Visa debit card deposit service across Europe in a new collaboration with Checkout.com, Europe's most valuable privately owned FinTech.

FinTech firm Pollinate raises $50m in Series C round

London-based FinTech Pollinate has closed a $50m Series C round led by Insight Partners.

Saudi Payments teams with IBM, Mastercard to launch instant payment system

Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.

Thunes scores $60m in Series B after 100% YoY growth

Singapore-based Thunes, a B2B payments company, has bagged $60m in its Series B after a 100% growth rate over the past year.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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