Big Tech’s payment apps to face more scrutiny under proposed CFPB rule
The CFPB has made a move to bring larger nonbank entities, such as Big Tech companies offering digital wallets and payment apps, under its supervisory scope.
Loop exits stealth on a mission to simplify logistics payments
Loop, a San Fransciso-based shipping and logistics payments platform, has raised a total of $30m through seed and Series A funding round and exited stealth.
Catch up on the 35 big FinTech funding rounds from the last week
Amidst the coronavirus crisis, many FinTech companies have still been able to raise big rounds. Here are 35 of the successful investment stories that...
Novus collaborates with Visa on sustainable digital banking app
UK-based FinTech Novus has teamed with Visa and Railsbank to develop a mobile application that rewards users for purchasing sustainably.
Primer launches innovative AI tool to bolster business revenue
Primer has launched UpliftAI, a first of its kind AI payments tool designed to empower online merchants to predict, optimise and deliver the highest possible authorisation rate across all global processors to drive revenue growth.
Goldman Sachs has handed out roughly $10bn in credit to Apple Card
Investment bank Goldman Sachs has extended credit lines worth $10bn to Apple Card users since Apple launched the credit card in the last quarter.
APEXX Global adds four new global brands to BNPL service
Payment platform APEXX Global has revealed that four new buy now, pay later (BNPL) firms have joined its BNPL Connect aggregator.
hoolah hoops Primer for BNPL growth across Asia
hoolah, Asia’s omnichannel Buy Now, Pay Layer (BNPL) platform, has partnered with Primer, a no-code automation platform for payments and commerce, to fuel growth across Asia.
Remittance company Servicio UniTeller hit with $700k fine
The Consumer Financial Protection Bureau (CFPB) has ordered international remittance company Servicio UniTeller to pay a $700,000 penalty.
Airwallex scoops up $13m to take B2B remittances global
Australian cross-border payments service Airwallex has landed $13m in a round led by Chinese web giant Tencent. Sequoia Capital China, MasterCard and existing backer Gobi Ventures also participated.
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