Mobile 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.

The real reason why FinTech investments in Africa is booming

We're revealing how Africa’s underbanked population and mobile phones gave rise to a massive FinTech market.

Nigerian Flutterwave partners up with Alibaba to tap into the China-Africa trade

The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.

Payconiq raises over €20m in new funding round

Mobile payments platform Payconiq has raised more than €20m in a funding round led by existing shareholders.

Cash remains king in Britain as 83 per cent make weekly payments with physical...

The Payment Systems Regulator (PSR), the subsidiary of Britain’s Financial Conduct Authority, has revealed physical money still pays a roll in the UK.

Digital consumer spend could jump to almost $790bn in Europe and the US

New research from Juniper Research, the FinTech and e-commerce analyzing agency, reveals that consumers may be swapping cash for digital payments more often in the future.

Challenger bank 86 400 is ready to compete with the big four after acquiring...

Australians just got more banking options with 86 400 getting a licence to operate as an authorized deposit-taking institution in the country. In other words, it now has permission to operate as a bank in Oz.

Finix announces $17.5m Series A round led by Bain Capital Ventures

With its new capital injection, payment services startup Finix is set to challenge the likes of Stripe and Square.

International payments business WorldRemit gets $175m Series D

Venture capital-backed mobile payments provider WorldRemit has raised a $175m Series D round from some of its existing investors.

Indian online lending marketplace Namaste Credit is becoming a neobank

Namaste Credit is joining the digital banking revolution by announcing plans to turn the online lending marketplace, into a “fully-fledged digital-only bank” for micro, small and medium-sized enterprises.

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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