As the Olympic Games Paris 2024 ended with the Closing Ceremony yesterday, Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, issued further data revealing the positive impact of Paris 2024 on tourism and spending in France. Not only did Paris attract 42% more Visa cardholders in the first week of the Olympic Games than in the same period in 2023, but other cities hosting Olympic Games events also saw significant increases in visitors and spending, especially among fans who attended the competitions.

payabl., a leading European PayTech, proudly announces its official membership in the Association of Cyprus International Financial Firms (ACIFF), a significant milestone in its journey to further enhance its role and influence within the financial sector. 

Unit, the leading financial infrastructure platform that powers embedded finance, today announced a strategic partnership with Lincoln Savings Bank (LSB). This collaboration will power LSB to expand its embedded finance offerings and further cement its reputation as an innovative financial institution.

Newland NPT recently announced its latest collaboration with Bluefin to provide payment solutions for this year's MotoGP event in Spielberg, Austria. This partnership aims to deliver innovative and streamlined payment solutions for all attendees at this major international sporting event.

PhonePe, today announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of Indians by waiving the requirement for proof of income at the time of policy purchase.

Uzum, a leading ecosystem of digital services in Uzbekistan, today announces its key performance highlights for the six months ended 30 June 2024.

Key Operating and Financial Highlights

·   Marketplace GMV grew 4 times year-on-year

·   Loan portfolio of Uzum fintech services more than doubled

The traditional banking and finance industry is evolving, as processes are experiencing a digital transformation as a result of perpetual Know Your Customer (pKYC). The pKYC approach enables modern banks to continuously update and verify customer information in real time, moving away from the reliance on periodic reviews. This change is driven by technological advancements and the increasing demand for dynamic and responsive regulatory compliance mechanisms.

The 3rd Financial Innovation Forum - Payments & Regtech is a premier gathering that brings over 50 industry experts to the stage for dynamic discussions on the latest advancements, trends, and regulatory best practices in payments and compliance. 

Solitics, a leading provider of customer engagement based on real-time data, is revolutionising the way brokers operate by providing them with cutting-edge technology that adapts to their infrastructure, speeding time to value, and saving resources and complex development for IT and R&D teams.