Buy-Now-Pay-Later agency in Australia Openpay has terminated US operations and dismissed most of its staff, Reuters reports. 

The lender is the latest BNPL participant to experience the effects of rising interest rates and a wider economic slowdown, leading it to stop issuing loans in what it had recently called its major growth area.

Financial process automation experts and certified Peppol Access Point providers for Australia and New Zealand, Valta Technology Group (Valtatech), today announced its Peppol Connector for Coupa Invoice will be available to users in the Coupa App Marketplace, connecting businesses with certified, pre-built solutions to enable them to send and receive e-invoices and e-orders via the Peppol network. C

Open banking maturity has soared across Europe over the last 12 months,  according to new research published in Yapily’s annual European open banking league table. 

Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spending, has been selected by NPCI and MeitY to showcase its solutions at the 8^th edition of Digital India Week 2022 to be hosted in Gandhinagar, Gujarat from 4-8^th Jul 2022. Out of 50+ entries, NPCI and MeitY hand-picked Zaggle for its innovative and state-of-the-art solutions.

Three in five (60%) UK adults have used embedded finance services as part of the checkout process when shopping online in the past 12 months, according to a new survey from Temenos, the world's leading open platform for composable banking.

SleekFlow, a leading SaaS omnichannel social commerce platform, has launched its new UK operation following an $8m Series A funding round.

The company, which has over 5,000 clients globally, has appointed e-commerce industry specialist Craig Johnson as its UK sales director and opened its doors in Waterloo, London. 

American Express has announced the appointment of Hannah Lewis as UK Country Manager and Senior Vice President, Head of UK for International Card Services which includes the UK consumer and commercial card businesses. She previously held the role of Vice President, Head of UK Consumer Products, Marketing and Brand. 

Mambu, a leading cloud banking platform, today announced a global partnership with Visa in order to utilise Visa DPS – one of the largest processors of Visa debit transactions globally.

Riskified, Ltd., a fraud management platform enabling frictionless E-commerce, and Axerve, a leading Italy-based payments hub that has developed a platform for orchestrating payments worldwide, has launched an extended strategic partnership to offer Riskified’s machine learning solutions, including PSD2 Optimize, to Axerve’s portfolio of customers.

Zand, UAE’s first digital bank to provide both retail and corporate services, announced that it has been granted a banking licence from the Central Bank of UAE to become Zand Bank.

The digital bank is now authorised and regulated to operate as a fully independent commercial lender.