Romance Scams Rose by a Fifth in 2023
- 2 years 5 months ago
- Security
The number of people falling victim to romance scams increased by a fifth (22%) in 2023, compared to 2022, according to the latest data from Lloyds Bank. However, overall, the average amount lost to romance scams was £6,937, less than in 2022 (£8,237).
Nium Secures In-Principal Approval from RBI for the Payment Aggregator Licence and the Prepaid Payment Instruments License
- 2 years 5 months ago
- Payments
Nium, the leader in real-time global payments, proudly announces it has received in-principle approval from the Reserve Bank of India for two prestigious payment licenses – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence. The two licenses will allow the global payments company to offer and improve upon a variety of financial products in the country, from prepaid cards to merchant payment acquiring.
Paysafe: Stronger Online Betting Experience Starts With Payments
- 2 years 5 months ago
- Payments
Global online sports bettors prioritize rapid payouts and payment choices when starting their customer experience with sportsbooks, according to the 2024 All the ways players pay research from Paysafe, a leading payments platform. Released today, the report also reveals that payments are just as valuable in strengthening the customer experience for players, whose appetite for digital wallets and even crypto payments is rising.
Wirex Announced a Partnership with Gateway.fm to Scale Its ZK-powered WPay network
- 2 years 5 months ago
- Payments
Wirex, a leading Web3 money app, has announced a strategic collaboration with Gateway.fm, a global multi-chain architecture decentralized blockchain infrastructure node provider.
Santander Appoints Petri Nikkilä as New Global CEO of Openbank
- 2 years 5 months ago
- People Moves
Banco Santander has today announced the appointment of Petri Nikkilä as the new global CEO of Openbank and head of the Digital Consumer Bank's non-auto consumer business.
PayTabs Group Partners With Nearpay To Offer Users An Elevated Soft POS Payment Experience
- 2 years 5 months ago
- e-Payments
PayTabs Group, MENA’s award-winning payment orchestration powerhouse today announced it had partnered with Nearpay, Saudi Arabia’s leading Payment Infrastructure as a Service fintech brand to offer users across Jordan and other PayTabs markets in the region, an elevated soft POS payment experience.
Juniper Research: B2B Payments to Reach $124 Trillion Globally by 2028, as Instant Payment Rails Revolutionise Cross-border Payments
- 2 years 5 months ago
- Payments, Financial
A new study from Juniper Research, the foremost expert in payments markets, has found the value of B2B payments will grow 40% by 2028, from $89 trillion in 2024, due to digital p
Geidea and Fils Forge Alliance to Drive Sustainability in Digital Payments
- 2 years 5 months ago
- Payments
Geidea, recognized as one of the 25 top Fintech companies by Forbes Middle East, renowned for its innovative solutions and substantial market impact proudly announces its strategic partnership with Fils, a revolutionary force in simplified climate action, empowering businesses of all sizes to embed climate positivity into transactions using their API.
Airwallex and McLaren Racing Pen Multi-year Partnership to Modernize Global Payment Operations and Support the Formula 1 Team
- 2 years 5 months ago
- Treasury, Payments
Airwallex, a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team, one of the sport’s most iconic brands.
Mastercard and Last Mile Solutions Launch a Universal Payment-terminal Solution for EV Charging in Europe
- 2 years 5 months ago
- Payments, Infrastructure
Today, Mastercard and Last Mile Solutions announced a new partnership to establish new payment standards for the Electric Vehicle (EV) charging industry, that will enhance the user payment experience at charging stations.
Lendbuzz Completes $219 Million Asset-Backed Securitization
- 2 years 5 months ago
- Fundraising News
Lendbuzz Inc, the AI-based fintech company that is disrupting the automotive lending industry, announced today that it has closed a $219 million securitization collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans.
Modern Benefits Leader, Benepass, Secures $20M in Funding
- 2 years 5 months ago
- Fundraising News
Benepass, a flexible benefits platform for people-first companies, announced today that the company has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also participated in the funding round.
Tokenbridge Launches Model Portfolio Token Design for Institutions and Wealth Managers
- 2 years 5 months ago
- Investment
Tokenbridge, a token aggregator and distribution platform streamlining the wealth and fund management ecosystem, today announces the introduction of new features to support the construction, distribution, and evaluation of tokenized model portfolios.
WiseAlpha Expands into the Banking and Wealth Trading Solutions Arena
- 2 years 5 months ago
- Wealth Management
WiseAlpha, the first company to invent fractional bonds, has announced a new wealth management portal and white-label solution, making it easier than ever for wealth managers to give clients access to fractional bonds.
Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management
- 2 years 5 months ago
- Fundraising News
Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use, and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer demand for the company’s market-dominant Buy Now, Pay Later (BNPL) solution and the next-gen, no-fee Sunbit...
