Mastercard announces Michael Miebach as incoming CEO
As well as former CEO Banga, chairman Richard Haythornthwaite set to step down.
Payments
How Ripple and Azimo are using XRP for remittances in the Philippines
Azimo and Ripple speak to FinTech Futures about their new partnership.
Tonik digital bank raises $6m as it gears up for launch
It’s set to be the first of its kind in the country.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
Elavon sells Mexican operations to Santander
Payments firm set to focus on US, Canada, and Europe.
Mastercard plans to triple Irish workforce with 1,500 hires
Credit card giant leases three new buildings in Dublin.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Data firm Akoya spun out as independent company by FMR
Akoya goes it alone after less than a year under FMR umbrella.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
WeChat Pay boosts UAE footprint with Network International
Network International partners now able to connect to WeChat Pay.
Credit card start-up Tribal Credit secures $5.5m in seed funding
New firm aims to help start-ups in emerging markets.
Exclusive: Unite Global gets $5.25m from Svea to launch cross-border payments hub
The new hub will select 8-12 partner banks to deliver global instant payments.
A look ahead to strong customer authentication
It’s vital that we use the year ahead to invest in long-term consumer testing.
Sohar International nabs Nordea’s ex-chief digital officer
The banking exec joins the Omani bank at time when profits are looking up.
The trade in human beings: How financial institutions and tech can have an impact
Banks in particular can do a lot to curb sex trafficking.
Aafaq Islamic Finance goes live on Infosys Finacle
UAE institution revamps payments, core, and Islamic functions.
WorldRemit partners with Varo Money
The partnership will enable direct access in the Varo app to the WorldRemit service.
Wirecard and Raiffeisen Bank team up to serve Eastern European markets
Raiffeisen Bank will use Wirecard to process payments across 13 Eastern European countries.
St Helena introduces electronic payments to the island with iPayu
The island is just 16 kilometres wide in size and home to 4,500 people.
Fiserv completes PIN on Mobile pilot in Poland
The tech vendor worked with Visa, Samsung and PayCore to test new product.
Mastercard plans its first European cybersecurity centre
The Cyber Resilience Centre will work with European cybersecurity agencies.
Pay.UK processes £7.4 trillion worth of transactions in 2019
The payment operator saw 500 million more transactions in 2019 compared to 2018.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Santander hires head of P2P payments
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
Flywire secures unicorn status with $120 million Series E funding round
Goldman Sachs led the latest round.
Swedbank partners SIA and TietoEVRY for RT1 payments
30 million payments have already been made on the new system.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
Mastercard granted entry to Chinese payments market
People’s Bank of China gives Mastercard a green light.
Pay.UK consults industry on NPA standards
The consultation relates to the use of ISO 20022.
Transparent Systems comes out of stealth mode with $14m funding
Ivestors: “The financial industry is ready for new technology to improve the way people pay for goods and services.”
Why Payments-as-a-Service is the first choice for FIs
More financial institutions are choosing to outsource their mission-critical payments infrastructure.
Ecommerce firm Dot lands $8m seed funding
The start-up builds ecommerce solutions for brick and mortar stores.
WhatsApp Pay to launch in India with initial 10m users
Facebook-owned firm plans a full roll-out this year.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Trustonic first to land EMVCo Software-Based Mobile Payments certificate
“[Our solution] brings the capability to literally anybody,” says Trustonic’s product director.
Rabobank spins out SurePay as independent company
Payments firm hailed as innovation success story.
Korean banks have growing concerns over Starbucks prepaid card
Starbucks said its prepaid cards had $1.56 billion in stored value at the end of 2019.
Service models: The future of fintech
FinTech Futures talks to two BPC senior VPs about the company’s new processing business.
