Verified Mandates will help merchants reduce fraud, protect revenue and provide a better customer experience

GoCardless, a leader in direct bank payment solutions, has launched Verified Mandates in the UK, a feature within its global bank pay platform which combines the Account Information Services (AIS) capabilities of open banking with direct debit to stop fraud before it happens.

Flutterwave, Africa’s leading payments technology company, has gained approval from the Bank of Tanzania (BoT) to launch its seamless payment service in the Republic of Tanzania. The approval comes after the Bank of Tanzania conducted due diligence and Flutterwave satisfied all requirements necessary to receive a license to operate in the country.

·     Mastercard deepens a decade long collaboration with GPS, launching and scaling hundreds of card programmes for some of the most successful fintechs in the world

·     GPS recently raised over US$400 million in new capital to accelerate investment in open API, cloud-based technology, driving global expansion into many of the world’s largest markets over the next three years

BNP Paribas Securities Services plans to adopt the platform in multiple markets, and becomes the ninth major global financial institution to join the Proxymity Consortium

Cloud-based solution to help boost company’s production operations and industrial automation drive

A digital cash service offering fast-track payments for emergency use is being made readily available for refugees through the Post Office. The Payout Now service offers local authorities a way of providing refugees with emergency cash payments without the need to provide a visa or proof of address.

TIE Kinetix is focused on 100% digitalisation of document streams in the supply chain. FY22 will be a transformative year as it is heavily investing in accelerating growth and improving margins in the next few years. While this will put short-term pressure on profitability, the company has set targets to accelerate organic growth in software-as-a-service (SaaS) revenues to more than 20% per year by FY25, with an EBITDA margin of up to 20%.

•                 Ethical considerations are important amongst younger UK consumers

•                 Price and loyalty discounts remain key decision factors

•                 Consumers are more comfortable to make purchases when two-factor authentication is available on the store’s website

•                 British consumers plan to shop more online and less in-store