Tamara Secures Debt Financing to Expand BNPL in GCC Region
Tamara has secured $150 million in debt financing for its shopping and payments platform.
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BBVA Targets Colombia’s Innovation Sector
Spanish financial group BBVA announced the creation of a business unit in Colombia.
VR Payment and Hawk AI Join Efforts to Prevent Financial Crime With AI
VR Payment, part of the cooperative financial group Volksbank Raiffeisenbanken and DZ BANK Group, partnered with AML and fraud prevention software provider Hawk AI to fight financial crime
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
UK Tax Authorities Change the Way Crypto Profits Should Be Filed
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Large U.S. Banks Make Deposits Into First Republic Bank
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
Crypto Firm Copper Makes Job Cuts
The British startup for storing and trading digital assets, Copper, has announced a reduction in the workforce.
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
Arbitrum to Airdrop New Token and Transition to DAO
Arbitrum, the largest player in the scalable Ethereum layer 2 landscape, receives a token.
Xapo Bank Integrates With UK Faster Payments
Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).
FCA Takes Aim at Payment Firms Over Unacceptable Risks
The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.
ClearBank Partners With Code First Girls to Tackle Fintech Gender Gap Issue
ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech
Flutterwave Expands Services in Rwanda
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
Phos Integrates QR Digital Wallets
SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers
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