Ecospend, the UK’s leading Open Banking payment provider, today announces its partnership with Telsolutions, the specialist in multi-channel communication programmes for revenue collections. The partnership will allow Telsolutions to offer its clients Open Banking services, helping to protect customers against fraud whilst reducing the cost of transactions.

Fino Payments Bank has tied up with Protean eGov Technologies (formerly NSDL e-Governance Infrastructure Limited), a market leader in universal, citizen-centric and population-scale e-governance solutions, to expand PAN card issuance services in India, especially in rural areas.

A survey of more than 2,200 people across the United Kingdom and United States has found that Digital Wallet payments, such as Apple Pay, Google Pay or PayPal, is increasing in popularity in both the UK and US, with at least 7 in 10 using the method regularly to pay for online purchases.

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) proposals for a simplified advice regime to encourage more consumers to seek financial advice and reduce the cost burden of advice for relatively simple financial decisions.

Commerzbank has chosen Nets, part of the European PayTech

AutoRek, a reconciliation and finance automation fintech, today releases the findings of its global payments survey. The survey looked to understand the current issues facing payments firms today, future trends, as well as their perceptions on regulation, compliance and payments reconciliation.

Over the Black Friday and Cyber Monday weekend, Square and Clearpay sellers saw more than 4.3M transactions across the UK as consumers kicked off the holiday shopping season. For a global look, view our complete Black Friday / Cyber Monday Results.

BIC Bank, one of the fastest-growing commercial banks in Cambodia, has successfully migrated its in-house processing centre to Compass Plus Technologies’ award-winning payments platform, TranzAxis. The migration to the new system enables BIC Bank to significantly expand its digital offering, starting with the addition of Mastercard debit cards to its portfolio.

Car repairs payment platform www.bumper.co.uk has raised £26.1 million ($30 million) in investment from its Series A extension round, with automotive giants and venture capitals Autotech Ventures, InMotion Ventures (the investment arm of Jaguar Land Rover), ITOCHU and Revo Capital investing in the automotive fintech start-up.

Trustly, a leading Open Banking provider, today reveals that Open Banking can maximise online returns for retailers this Black Friday Weekend, as in-person shopping remains below pre-pandemic levels.