Highbeam Raises $10 Million to Expand Cash Management Platform
Highbeam startup has raised $10 million in funding to expand the scope of its products designed for e-commerce.
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Apple Pay Set to Launch in South Korea
In the coming months, Apple Pay will be launched in South Korea with the support of Hyundai Card.
NatWest to Buy Stake in ESG-Focused Workplace Pension and Savings App Cushon
Cushon’s primary products offer an investment strategy designed to drive down the financed CO2 emissions of customers’ investments. With a £144 million investment, NatWest will become the company’s major stakeholder
Beware of Romance Fraud: £16.6 Million Stolen in H1 2022
Love is in the air – on Valentine’s Day, UK Finance’s Take Five to Stop Fraud campaign is warning people to stay alert to online romance fraud, which has caused losses of £16.6 million in the first half of 2022
Paysend Partners Purpl for Lebanon Money Transfers
The partnership between UK-based fintech Paysend and Lebanese remittance platform Purpl can increase financial inclusion by making international money transfers affordable and convenient
DBS Bank to Offer Crypto Trading in Hong Kong
One of the largest financial institutions in Southeast Asia, DBS Bank is planning to expand its crypto trading services to Hong Kong as soon as it gets the necessary license
3AC Founders Launch Crypto Firms Bankruptcy Claims Exchange
3AC founders refuse to comply with subpoena, launch bankruptcy claims trading exchange instead.
Open Banking Payment Transactions to Surpass $330B Globally by 2027: Research
The simplicity of utilisation and emerging use cases will predictably drive the open banking growth, helping unlock its full potential
Nordic’s Premier Fintech Fest — May 11, 2023
Join Pay Space Magazine at the Nordic Fintech Summit!
American Express Taps Microsoft for Expenses Tool
American Express is developing for its customers a set of tools based on Microsoft cloud technologies and artificial intelligence technologies.
FTC Distributes $115 Million to Victims of MoneyGram Payment Fraud
The US Federal government has repaired the damage of almost 40 thousand victims of fraudulent schemes processed by MoneyGram.
PayPal Pauses Stablecoin Project
PayPal temporarily stops the implementation of the stablecoin project.
KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
Foodcellar Market Launches Contactless Scan and Pay Shopping
In New York, Foodcellar Market stores now have the ability to scan products using a smartphone and pay for purchases by a mobile device.
Digital Asset Protection Provider Coincover Raises $30 Million
Coincover, a UK-based provider of digital asset protection services, has reported raising $30 million in funding.
UAE Central Bank Launches Digital Finance Initiatives
The Central Bank of the UAE launched Financial Infrastructure Transformation Programme which includes nine key digital finance initiatives to make UAE financial and digital payment hub
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