27/05 – Weekly Fintech Recap
- 4 years 4 months ago
- Digital banking, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships Laiye Partners with Accenture to Power Intelligent Automation and Innovation at Scale
Spice Money grew 80% in its service-fee revenue to Rs 341 cr in FY22 vis-a-vis Rs 190 cr in FY21
- 4 years 4 months ago
- Payments
Highlights: ● With a positive unit economics business model, Spice Money continues to be a profitable fintech with an EBITDA of Rs. 22 cr in FY22. ● Spice Money delivers 4X growth over the last two years on all key metrics of transaction volumes, network growth, customer GTV and service-fee revenue. ● The Spice Money Adhikari Network nearly doubled to reach 1 million nanopreneurs in FY22.
Paypal and Experian Invest in Home Rental Fintech Jetty
Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures.
Clearpay Extends In Store Payment Option To Small and Medium Retailers
- 4 years 4 months ago
- Payments
Clearpay, a leader in “Buy Now, Pay Later” payments known as Afterpay outside the UK and Europe, has made its in-store payment functionality available to small and medium-sized businesses (SMBs) across the UK’s high streets. By offering instalment payments in-store, Clearpay is supporting them to drive more footfall and more sales.
International Sales and Global Suppliers Key to Ensure Post Pandemic Business Recovery
- 4 years 4 months ago
- Payments
Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (44%) global small and medium-sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.
77% of Gen Z are Ditching Physical Wallets to Pay by Mobile
- 4 years 4 months ago
- Payments
Marqeta, the global modern card issuing platform, has today released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise.
Fruugo Enlists Adyen to Streamline Payments and Fuel Growth
- 4 years 4 months ago
- Payments
Fruugo, a technology company operating a global online marketplace, has chosen Adyen, the global financial technology platform of choice for leading businesses, to provide its customers with an enhanced payments experience. Through its use of Adyen’s platform, Fruugo is able to offer a wide range of local payment methods in each of the 41 different countries in which its marketplace operates.
Revealed - the Biggest Frustrations for Consumers with Online Payments
- 4 years 4 months ago
- Payments
One quarter (26%) of UK consumers who have had a payment declined in the past 12 months admit that they don’t know why it was declined, according to new research from Trustly, the leading global payments platform for digital account-to-account transactions.
Pakistan’s Tez Financial Services gets acquired by Switzerland’s ZoodPay
- 4 years 4 months ago
- Payments
ZoodPay, the digital lending platform for E-commerce in the Middle East and Central Asia, has acquired Karachi-based
Stripe Opens App Marketplace
- 4 years 4 months ago
- Payments
Stripe has opened an App Marketplace housing up to 50 third party business apps from vendors like DocuSign, Dropbox, Intercom, Mailchimp, Ramp, and Xero. Stripe Apps makes it possible for businesses to customise Stripe for the first time. It also enables automated sharing of contextual information across apps, keeping systems of record in sync and giving users a fuller view of their business.
SH Payments Joins CENTROlink Network Giving Clients Access to the Single Euro Payments Area (SEPA)
- 4 years 4 months ago
- Payments
SH Payments, a leading provider of tier one banking and payments services, has officially joined the CENTROlink payments system, allowing the company’s clients to have access to the Single Euro Payments Area (SEPA).
Ingenico to Enable the Rollout of Alipay+ to Millions of Merchants and Thousands of Banks and Acquirers with PPaaS, its cloud-based Payments Platform as a Service
- 4 years 4 months ago
- Payments
Ingenico, a Worldline brand, and Ant Group today announced details of their partnership that will allow acquirers and other payment service providers to implement Alipay+ seamlessly across their merchant networks using Ingenico’s PPaaS (Payments Platform as a Service) cloud-based solution.
Payments Disruptor xpate Launches Core Banking Solution to Leapfrog Legacy Platform Limitations
- 4 years 4 months ago
- Payments
xpate, the rapidly-growing simplified cross-border payments platform, has announced the launch of its disruptive core banking solution,
Embedded Finance: When Payments Become an Experience: New Book Delves Into Revolutionary New Trend
- 4 years 4 months ago
- Payments
A new book on how embedded finance will revolutionise the future of fintech, will be officially launched at Money20/20 Europe (7 – 9 June 2022). Since its release, the book has been consistently trending as the #1 new release in banking on Amazon.
Cabital Adds Vietnamese Dong as Fiat on-ramp Payment Option
- 4 years 4 months ago
- Payments
Cabital, a leading digital assets institution, announced that it has added the Vietnamese Dong (VND) to its growing list of supported fiat currencies, including GBP, EUR and CHF.
