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Chime Acquires Enterprise Employee Rewards Company Salt Labs

Chime®, the #1 Most Loved Banking App¹, today announced that it has acquired Salt Labs, an enterprise technology company focused on helping hourly workers own the long-term value of their work. As part of the acquisition, the Salt Labs team, led by Jason Lee, and the Company’s offerings will become a part of Chime. Chime will gain immediate access to Salt Labs’ enterprise client relationships, opening opportunities for new primary account growth and revenue streams. Transaction details were not disclosed.

Tuesday, July 2, 2024 - 14:25
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Financial IT
Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner

Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services as a Major Payments Institution. The approval enables Paxos to issue stablecoins in line with MAS' upcoming stablecoin framework.

Tuesday, July 2, 2024 - 14:09
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Financial IT
dLocal and Wakanow Group Partnership Makes Travel Accessible for Millions Across Africa
dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with Wakanow Group. This partnership aims to streamline and simplify cross-border payments for Wakanow's customers throughout Africa, supporting the company's expansion into new African markets
Tuesday, July 2, 2024 - 13:50
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/news/payments/dlocal-and-wakanow-group-partnership-makes-travel-accessible-millions-across-africa
Financial IT
Revolut’s Revenues Surpass $2.2B, with Record Profits of $545M in 2023

Today, Revolut released its Annual Report for the year ending 31 December 2023.

Tuesday, July 2, 2024 - 13:37
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/news/infrastructure/revoluts-revenues-surpass-22b-record-profits-545m-2023
Financial IT
Flexys And Tuum Join Forces to Help Banks Improve Debt Management And Collection

Flexys, makers of leading debt management software, and Tuum, an innovative core banking provider, are joining forces. By integrating their powerful platforms, the partnership allows banks to modernise debt collection with a real-time, customer-friendly approach.

Tuesday, July 2, 2024 - 13:26
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/news/banking/flexys-and-tuum-join-forces-help-banks-improve-debt-management-and-collection
Financial IT
Britons Are Struggling with Financial Language Fluency, and It’s Costing the Nation Over £6B Per Annum

Today, Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK. 

Tuesday, July 2, 2024 - 13:10
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/news/payments/britons-are-struggling-financial-language-fluency-and-its-costing-nation-over-ps6b
Financial IT
MultiSafepay Joins Ant International’s Antom to Enhance Digital Payments Services for SMEs in Europe

MultiSafepay (MSP), an Amsterdam-based payment service provider, and Antom global merchant payment services (Antom), a leading payment and digitization services provider under Ant International, announced today that MultiSafepay has become a wholly-owned subsidiary of Ant International and will integrate with Antom to promote convenient, secure and accessible payment solutions and digitalization services to businesses, especially small and medium-sized enterprises (SMEs) across Europe.

Tuesday, July 2, 2024 - 12:55
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/news/payments/multisafepay-joins-ant-internationals-antom-enhance-digital-payments-services-smes
Financial IT
Fingerprints™ and IN Groupe Through SPS Brand Announce Launch of Its Secure Component Solution for Contactless Biometric Card

Fingerprint Cards AB (Fingerprints™) and IN Groupe, through its SPS brand, a leader in contactless and dual interface cards, announce the launch of its Secure Component solution for contactless biometric payment cards, supporting global card manufacturers to scale up production of next-generation payment cards.

Tuesday, July 2, 2024 - 10:29
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/news/payments/fingerprintstm-and-groupe-through-sps-brand-announce-launch-its-secure-component
Financial IT
Nexi Expands Payment Choice for Amazon.it Customers

Nexi, the leading PayTech in Europe, has signed a new collaboration with Amazon.it, enabling customers to make purchases using Bancomat Pay.

Tuesday, July 2, 2024 - 10:23
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/news/payments/nexi-expands-payment-choice-amazonit-customers
Financial IT
Cytora Announces Integration of Autoaddress' Address Capture to Enhance Underwriting Productivity
Tuesday, July 2, 2024 - 10:19
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/news/infrastructure/cytora-announces-integration-autoaddress-address-capture-enhance-underwriting
Financial IT

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