Mercurity Fintech Holding Inc., a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors (the “Board”) has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement.

The Share Consolidation and Change of the ADR ratio

Prepay Nation, a leading global B2B prepaid products marketplace, announces the appointment of Paolo Montessori as the new Chief Executive Officer (CEO). The Board of Directors has chosen Montessori to succeed A.J. Hanna as CEO by January 2023 after a thorough succession planning exercise.  

Over half of European business leaders expect Banking-as-a-Service (BaaS) to make traditional banking obsolete, according to new research from Vodeno/Aion.

The BaaS provider commissioned an independent study among more than 1,000 senior decision-makers within businesses based in the UK, Belgium and the Netherlands. Its report – Banking-as-a-Service 2.0 – Why Embedded Finance will make its mark in 2023 – reveals that 51% believe BaaS will spell the end of traditional banking.

Investing and money management should be on every national curriculum in the world. Unfortunately, though, these vital skills aren’t taught in schools, and people are left to fend for themselves in the world of finance. According to Acquisition International, 80 percent of new stock market investors fail. That’s a scary statistic, but there are ways for people to buck this trend using technology.

2022 was the year businesses emerged from the shadow of the pandemic and the many disruptions it caused. While life has returned to normal for many companies, and some even discovered new growth opportunities, unfortunately, the light at the end of the tunnel is not in reach just yet.

Following a successful integration with Navigator in 2019, Brightwell, a global payments technology company, has expanded its partnership with Virgin Voyages. With ReadyRemit, powered by Brightwell’s international payment partners, Virgin Voyages can now easily pay vendors, workers, and others, and provide customer-facing payouts like rebates, rewards, and refunds with one digital solution. 

Global technical body

China Mobile, the Parent company of Pakistan’s leading telecommunications network, Zong 4G, showcased its first digital payments solution ‘PayMax,’ during an exclusive product showcasing event at Zong HQ in Islamabad. This strategic venture aims to empower the people of Pakistan with a financial solution that is secure, unique and ensures inclusion in the unbanked sector of Pakistan.

Research published for the first time today by Kriya, the new name for fintech platform MarketFinance, shows that the leaders of UK B2B firms do not plan to offer ‘buy now, pay later’ terms on their e-commerce sites for another 3.23 years, despite 92% of them having heard of the term Embedded Finance.

OKX, the world-leading cryptocurrency platform, today announced comprehensive API key security protection features, further enhancing user protection against external threats.

The features are: