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DFM, a financing partner in the Netherlands for enterprises within the mobility sector, has chosen Worldline, a global leader in payment services, to be their Instant Payments and Clearing & Settlement mechanism partner. Following successful implementation within nine months of the signing of this partnership, Worldline now handles Instant Payments and back-office processing services for DFM via its payment licence partner Volkswagen Bank, as part of a five-year contract.
Temenos (SIX: TEMN) today announces that SinoPac, one of Taiwan's largest banks, has selected Temenos to advance its digital banking capabilities. Temenos digital banking solution on Temenos open platform for composable banking will enable SinoPac to differentiate in a crowded banking market with seamless and personalized digital banking experiences, helping it attract new customers and grow wallet-share.
Cheddar, the bank account-enabled instant payments platform, has announced the launch of its new cashback feature. From today, Cheddar users will be paid cash straight back into their bank account as they spend with partnered retailers.
Globally around 1.7 billion grown-ups remain unbanked. The four main reasons why people are unbanked are financial illiteracy, inflexibility of traditional financial institutions, complex personal requirements, and difficult access to services. Although not all of the reasons can be easily solved, at least some of them can be successfully tackled with the help of the Fintech industry.
What Is Financial Inclusion
Mollie, one of the fastest growing financial services providers in Europe, today announced the launch of Mollie Capital, a fast and flexible way for customers to access funding.
Railsr, the leading global embedded finance experiences platform, is partnering with DND Finance (DND), a multinational commercial equipment finance provider, to launch the Score Credit Mastercard.
LINE MAN Wongnai announced today that it has raised US$265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth fund, and LINE Corporation. This fundraising round was also joined by BRV Capital Management, PTT Oil and Retail Business Public Company Limited (OR), Bualuang Ventures and Taiwan Mobile.
With this investment, LINE MAN Wongnai has achieved a valuation of over US$1 billion, making it Thailand’s largest tech startup by valuation.
Payment technology company Tribe Payments, today announced it is providing digital bank, Paytend, with both issuer and acquirer processing services. The partnership enhances Paytend’s product offering, enabling them to issue payment cards, allow users to add cards to mobile wallets - including within Paytend’s own mobile banking app - and allow merchants to accept POS and online transactions.
