Mobile Payments

Neobanks in the Nordics may have had a slow start, but things may soon be about to change.

The Apple CEO Tim Cook announced that the tech titan is launching its credit card Apple Card in August during an earnings call discussing the business’s third quarter earnings.

Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.

Out of the 33 FinTech funding rounds we reported on last week, cybersecurity companies and cryptocurrency-based enterprises were the clear winners.

Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.

Standard Chartered has inked a 10-year partnership with Atome Financial to help the company introduce its buy now, pay later (BNPL) service in select Asian markets.

Ping, a global payment platform for freelancers and contractors, has netted $15m in a seed funding round. 

Visa is in legal hot water as it faces a regulatory investigation by the US Department of Justice (DOJ) over concerns of whether it is using anticompetitive practices in the debit card market.

Mastercard and Fintech Saudi have announced that they have signed a Memorandum of Understanding (MoU) to advance the growth and development of the Saudi Arabian FinTech industry. 

Sift Healthcare, an AI-powered software designed to improve healthcare payments, has secured $2.8m in a new funding round.