Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
Revolut kicks off Indian expansion with CEO hire
UK-based global FinTech company Revolut has appointed Paroma Chatterjee to the role of CEO of its Indian branch.
Nedbank, Mastercard team to enable WhatsApp payments for small businesses
South African bank Nedbank has teamed with payment giant Mastercard and local FinTech Ukheshe to allow its customers to pay small businesses through WhatsApp.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
The 34 FinTech rounds from the last week you can’t afford to miss
FinTech companies continue to blaze a trail with CyberTech and InsurTech enterprises in the lead. The 34 ventures in the sector that topped up their accounts last week prove that.
Singapore’s StashAway secures $25m in Sequoia Capital India-led round
Singapore-headquartered StashAway closed a series D funding round for $25m led by Sequoia Capital India, bringing its total paid-up capital to $61.4m.
Tinkoff launches first Russian digital buy now pay later platform
Moscow-based digital bank Tinkoff has introduced the Dolyame.ru the country first buy now pay later (BNPL) platform.
MYPINPAD enters Australian market with AusPayNet certification
Payment solutions provider MYPINPAD has expanded its presence into Australia after it received certification from the Australian Payments Network (AusPayNet).
Kid-focused banking platform Till Financial scored $5m in funding
Till Financial, a family financial tool to educate kids on healthy spending habits, has bagged a $5m funding round.
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.
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