Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services to merchants who open a merchant business account with the company. This move comes in response to rising inflation rates and uncertain market conditions, which places pressure on businesses to reduce costs.

As anticipated, it has been an incredibly active year for regulation and financial crime related to virtual assets (see our previous alert from January 2022).

Nucleus365, a UK-based payment institution offering a centralised platform for global payment processing, FX and connected banking, has launched Rapid Transfer payment options for its European merchants.

Rapid Transfer allows customers to pay merchants instantly using their online banking details, providing same-day settlements of funds.

In partnership with NoteMachine, TSB will launch three new pilot Pods in Wigan, Wood Green (North London) and Luton, providing banking and cash services.

TSB’s Pods will be based in shopping centres and will be open seven days a week providing the local community with banking services.

Cenoa, the borderless super wallet improving access to dollar-based products in emerging markets, announces it has raised US$7 million in Seed funding. The fundraise was led by San Francisco-based venture capital firm Quiet Capital – an early backer of Robinhood; and Underscore VC – a Boston-based firm focused on backing the next generation of iconic companies at their earliest stages.

Eni and Nexi announce they have signed an agreement for the development of innovative electronic and digital payment services for Eni and its companies in Italy and Europe.

Micro-investing platform Wombat has appointed City heavyweight Richard Charnock to its board of directors as it gears up for expansion into Europe after surpassing 300,000 users in the UK.

The fast-growing London-based startup has appointed Charnock, formerly CEO for discretionary management at abrdn, as its first-ever non-executive director.

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CellPoint Digital, the pioneer of payment orchestration, today announces a new partnership with 

JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in Vietnam.