News - page 293

Fintech & Ecommerce

Mastercard and Obopay to Launch Prepaid Card in Rural India

Mastercard partnered with mobile money platform Obopay to launch a financial inclusion prepaid card for smallholder farmers and rural communities in India

Blockchain & Crypto

Solana Spaces Experiment Fails

Solana Spaces stores in Manhattan and Miami did not spark customers’ interest in the Solana and Web3 ecosystem, being closed after 7 months of unfruitful operations

Blockchain & Crypto

Social Investing Platform eToro Secures NYDFS Licenses

The American subsidiary of eToro, an Israeli social investing platform, received its money transmitter and virtual currency licenses from the New York State Department of Financial Services (NYDFS)

Finance & Economics

Crypto Startup Klink Finance Gains EU Licence

Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.

All materials

UK Open Banking Users Swell to 7 Million

In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.

Finance & Economics

Ethiopia Considering Opening Mobile Money Market to Foreign Operators

A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.

Finance & Economics

SBI Investment Leads $28 Million Series A in German Fintech Pliant

Japan’s SBI Investment has led a $28 million Series A round in the German corporate card platform Pliant.

Finance & Economics

Bank of Japan Launches CBDC Pilot

The Bank of Japan decided to launch large-scale testing of the digital yen after two years of research into the prospects of this project.

Science & Technology

TikTok Offers Creators Better Monetization Opportunities with Revamped Creator Fund

The beta version of a revamped TikTok creators fund called the “Creativity Program” provides higher revenue opportunities for qualified video views

Blockchain & Crypto

Hong Kong Welcomes Crypto Trading With New Policies

Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry

Blockchain & Crypto

Crypto Outflows Surge Amid SEC Crackdown

Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services

Reports

Barclays Reveals Contactless Payments Trends

New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022

Finance & Economics

Riyad Bank Integrates E-Invoicing ZATCA Enabled by SunTec Xelerate

Riyad Bank, one of the largest financial institutions in Saudi Arabia, integrated the Zakat, Tax and Customs Authority (ZATCA) solution for e-invoicing, deployed on SunTec Xelerate platform

Finance & Economics

Tesco Considers Selling Its Banking Arm

Currently, the British supermarket chain Tesco is considering selling its banking division.

Blockchain & Crypto

Former Head of FTX’s Engineering Division Nears Plea Deal

The former head of the engineering department of the collapsed FTX cryptocurrency exchange is close to concluding a plea deal with federal prosecutors.

Finance & Economics

Stripe Expects to See $1 Trillion in Payments Volume in 2023

Stripe expects that by the end of 2023, the total volume of transactions processed by the company will amount to $ 1 trillion.