Moniepoint Inc. (“Moniepoint”), one of Nigeria’s leading business payments and banking services platform, has secured an investment from Visa, a global leader in digital payments. The investment marks an important milestone in Visa’s commitment to advancing financial inclusion and shaping the future of digital payments while fostering SME growth across Africa.

Octane®, the fintech company revolutionizing the financing experience, announced today that it has named Sean Fernandez-Ledon its first Chief Legal Officer, effective January 1, 2025.

Ally Financial Inc. and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of Dec. 31, 2024.

Bitget, the leading cryptocurrency exchange and Web3 company has released its 2024 transparency report highlighting one of the most successful years the company has experienced since its launch in 2018 emerging as the second-largest exchange ecosystem by user base. Driven by innovation, strategic business decisions and a strong demand for trustworthy platforms have pushed the ecosystem to expand beyond expectations.

Deutsche Bank (China) Co., Ltd. and Yonyou Network Technology Co., Ltd. signed a strategic memorandum of understanding (MOU) today in Beijing. The partnership aims to establish a new global financial services model with Global Treasury Management (GTM) at its core, driving innovation in digital financial services and supporting the globalization strategies of Chinese enterprises. The signing ceremony was attended by Leo Yin, President of Deutsche Bank China and Huang Chenhong, President of Yonyou.

Open banking is a UK success story with over 11.7 million active users and over 22.1 million open banking payments made monthly. 

There was significant progress in developing open banking in 2024, thanks to voluntary funding from 20 leading firms. This included:

N26 today announced free stocks and ETF trading for all customers from 27 January 2025 onwards, further enhancing its investment proposition as the only financial service provider in Europe to offer trading without charging fees or commissions.With this decision, N26 aims to make investing even more accessible, offering a way to trade Stocks and ETFs without applying transaction, currency conversion, custody or inactivity fees.

Norway-based Neonomics has acquired UK-based Open Banking platform Ordo to strengthen its commercialisation strategy and ability to offer services in the UK.

Fintech Innovation AS, the parent company of Neonomics, has acquired 100% ownership of The Smart Request Company Limited Ltd, which trades as Ordo.

TreviPay, the most-trusted B2B payments and invoicing network, today announced a partnership with