Spice Money Nearly Doubles its Nanopreneur (Adhikari) Network Hitting 1 Million Milestone in FY22
- 3 years 2 weeks ago
- Payments
Spice Money, India’s leading rural fintech that is revolutionising the way Bharat banks, achieved the significant milestone of 1 million Adhikaris (nanopreneurs) in FY22, growing by nearly double over the last financial year. Spice Money’s strategy, to provide the first-of-its-kind zero investment model, continues to yield results and growth in Adhikaris.
ADCB Egypt Chooses Temenos for Next-Generation Digital Payments
- 3 years 2 weeks ago
- Payments
ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group - the third largest bank in the UAE, has extended its collaboration with Temenos to offer the next-generation digital payments on Temenos' open platform for composable banking.
Verizon and PCI Pal Release Joint White Paper with Servadus Addressing Contact Centre Best Practices in the Wake of PCI DSS 4.0 Rollout
- 3 years 3 weeks ago
- Payments
New white paper explores potential contact centre challenges to adopt updated security standards
27/05 – Weekly Fintech Recap
- 3 years 3 weeks 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
- 3 years 3 weeks 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.
Mastercard Leads $40 Million Round in Saudi Arabia's Hyperpay
- 3 years 3 weeks ago
- Credit Cards
Mastercard, a technology leader in the global payments industry, has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the Middle East and North Africa (MENA), to drive the adoption of digital payment solutions across the region.
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
- 3 years 3 weeks 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
- 3 years 3 weeks 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.
Obscuro launches Groundbreaking DeFi Data Privacy Protocol on Ethereum
- 3 years 3 weeks ago
- Cryptocurrencies
Obscuro has launched its decentralised Ethereum protocol designed to achieve data confidentiality while maintaining the benefits of an open blockchain network. In doing so it aims to open up a new world of use cases on Ethereum such as private NFTs, dark pool trading, gaming, sealed auctions, KYC and more.
77% of Gen Z are Ditching Physical Wallets to Pay by Mobile
- 3 years 3 weeks 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
- 3 years 3 weeks 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
- 3 years 3 weeks 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
- 3 years 3 weeks 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
- 3 years 3 weeks 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.
