Point of Sale

Mastercard, Edenred launch biometric card pilot in Mexico

Mastercard has formed a partnership with payment solutions and card issuing company Edenred to launch a test pilot of biometric cards in Mexico.

Mox bolsters banking offering with new BNPL service

Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.

American Express said to acquire payments company Cake

American Express has reportedly acquired UK-based restaurant payments company Cake Technologies in a deal worth around $13.3m.The deal was completed last October and due...

Payments platform Banked reportedly secures $2.35m in seed round

Banked, which support real-time payments, has reportedly secured $2.35m in a seed funding round led by Force Over Mass.

Danish Android POS service provider Vibrant bags €4m in seed funding

Denmark-based Vibrant, which turns Android mobile devices into point-of-sale terminals, has bagged €4m in its seed round.

Divido takes $3.3m for instalment payments

Divido, a point-of-sale financer, has raised £2.5m ($3.3m) in round of seed funding. The capital comes from Mangrove Capital Partners and DN Capital.

Galileo partners with Sutton Bank for open loop prepaid cards

US-based Galileo, a payments processor and program manager, has formed a partnership with Sutton Bank.

The UK could up contactless payment limit to £100 post Brexit

The UK could be increasing the contactless payments limit from £45 to £100, as one of its first moves away from the European Union.

Credit card platform Deserve nets $12m round led by Accel

Generation Z credit card provider Deserve has closed a $12m funding round led by Accel.

AI-powered shopping cart Caper closes $10m Series A

Caper, an AI-powered shopping cart which aims to foster the grab-and-go retail experience, has collected $10m in its Series A.

News Stories

Co-op Insurance has partnered with Urban Jungle to launch a new renters product designed to to provide better value and protection for renters. 

Co-op Insurance launches new renters product with Urban Jungle

Co-op Insurance, a renowned insurance provider, has partnered with Urban Jungle to launch a new renters product designed to to provide better value and protection for renters. 
onboarding

Corporate treasurers abandoning banks due to lengthy onboarding processes

Encompass's recent research has uncovered alarming statistics regarding corporate treasurers' dissatisfaction with banking applications.

86% of firms and 74% of consumers embrace instant payments in 2023

A study by the Federal Reserve has revealed trends in the adoption of digital, faster, and instant payment services among firms and consumers in the US.

UK and Singapore renew commitment to FinTech cooperation

The UK and Singapore have reaffirmed their dedication to collaborative efforts in sustainable finance and FinTech innovation.
Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

Front Street Re names Edison Fong as its new CEO

Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

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