From today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them.

The Bounce Back Loan top-up will be available from several large lenders from today, with other lenders anticipated to make the top-up available in due course.

The e-commerce and digital payment industries in the Middle East & North Africa, Pakistan (MENAP) region are set for major growth in 2021, with nearly half of consumers likely to increase their online shopping over the next year, according to a report released today by Checkout.com, a leading global payment solution provider.

Bitex, the UAE’s most secure digital asset exchange, has made its India foray with the launch of its fully-regulated cryptocurrency wallet and professional trading platform. The company, established in 2018, has its headquarters in Mumbai.

Bitex will offer the platform to the Indian trading community for buying and selling digital assets such as Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, XRP and more. The trading platform is compliant with anti-money laundering (AML) and know your customer (KYC) policies.

“Fintech” is a term used to describe the technological innovations that oppose traditional financial practices. Although fintech has been rising in popularity for the last few years, its popularity was escalated by the COVID-19 pandemic. From online banking to mobile transactions, there are many ways that the fintech industry is changing the way that the world handles money.

ZebPay, India’s oldest and most widely-used Bitcoin and crypto asset exchange, at its quarterly board meeting announced its plan to launch a non-fungible token (NFT), becoming the first Indian company to do so. ZebPay’s NFT has been named ‘Dazzle’ (the name for a herd of zebras).

CrossTower, a digital asset exchange operator founded by capital markets veterans on a mission to mainstream digital asset investing and trading, today announced US $150 million traded on its platform since its launch in May, and a record US $60 million in volumes traded in October.  This makes CrossTower one of the fastest growing exchanges in the US based on the value of instruments traded. CrossTower’s platform has been methodically built for institutional and individual investors with best-in-class safeguards, services and technologically advanced capabilities.

A new study from Juniper Research has found that the total transaction value of smart home payments, payments that occur via smart home devices, will exceed $164 billion in 2025, from $22 billion in 2020.