FinTech Futures: Top five stories of the week – 14 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Visa
Visa announces Visa+ to support interoperability between P2P apps
Visa has partnered with PayPal and Venmo to trial the new service.
Visa and Mastercard reportedly in talks to acquire Pismo
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Take the wheel: the future of payments in driverless cars
Customers’ desire for frictionless and convenient payments will drive innovation in the in-car paytech space.
Visa and Mastercard reportedly facing multibillion-pound card fee suit
According to Sky News, the claim could be worth well over £10 billion.
Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Welcome.Place, Enfuce, Epassi, Visa partner for refugee prepaid card pilot
The goal is to provide a service that assists 50,000 Ukrainian and other refugees by the end of 2023.
2022: Top five payments stories
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
FinTech Futures: Top five stories of the week – 16 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Visa to invest $1bn in Africa to boost digital transformation
Visa says the move will enable “greater access” to digital payments in the region.
Collaboration and partnership will improve money movement for the unbanked
Digital platforms can be the glue to help facilitate collaboration, reduce friction and minimise distribution costs.
FinTech Futures: Top five stories of the week – 25 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sella launches pilot of biometric credit card in Italy
The biometric card is being issued by Sella on the Visa scheme, developed in partnership with Idemia.
Visa appoints Ryan McInerney as new CEO
From February 2023, current CEO Alfred Kelly will become executive chairman of the board.
Blockchain.com partners Visa and Marqeta to launch crypto debit card
The card is available to US residents and will be rolled out to customers in additional countries starting in 2023.
Fostering flexible, easy-to-use solutions for cross-border money movement
Visa B2B Connect: cross-border money movement represents a $10tn opportunity.
Video: Visa at Sibos 2022 – The evolution of B2B payments
We speak with Visa’s Darren Parslow about the shifting B2B payments landscape.
Sibos 2022: Breaking new ground – banking in the metaverse
“If you’re going to be in the metaverse, it starts with a purpose,” Accenture’s Michael Abbott explains.
Industry report: Funds disbursement in Europe – speed alone is not enough
Commissioned by Visa, the report takes a deep dive into funds disbursements in Europe to explore the current state of the market.
Report: Banks and the digital payments revolution
Global research by Visa reveals how banks can prosper amid the disruption.
Apple Pay edges out Mastercard with more than $6tn in ATV
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Payment Systems Regulator outlines upcoming card fee market reviews
Both reviews focus on Mastercard and Visa; the pair make up 99% of debit and credit card payments in the UK.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
Credit Libanais, Codebase Technologies and Visa team for financial inclusion in Lebanon
Credit Libanais launches an instant, fully e-KYC onboarding mobile application for a virtual prepaid card.
Colombian neobank Plurall launches to serve LatAm’s SMEs and entrepreneurs
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Amazon and Visa bury the hatchet over UK credit card fees
Visa says the agreement includes “a joint commitment to collaboration on new product and technology initiatives”.
Video: fintech news pick of the week – Amazon, Visa, Bolt & Lunar
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Amazon U-turns on decision to ban UK-issued Visa credit cards
The eleventh-hour reprieve comes as both companies are “working closely” to reach a longer-term agreement.
Paytech Rêv launches X World Wallet “super-app” in US
The X World Wallet is Apple Pay, Google Pay, and Samsung Pay compatible.
Nuvei partners Visa to launch branded crypto debit cards across Europe
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
New e-money fintech Twig launches in UK
Twig customers can turn their unwanted possessions into cash.
Amazon to ditch UK-issued Visa credit cards
The move is blamed on high transactions fees.
Sports and entertainment-focused fintech SEMA launches in US
SEMA offers members in the creative and sports industries concierge financial services.
Visa invests in fintech start-up Deserve to drive adoption of crypto-powered cards
The investment expands a partnership that began under Visa’s Fintech Fast Track programme.
Sibos 2021: ISO 20022 “isn’t the solution to all your problems”, says panel
Payments panel at industry conference cautions sector about incoming standard.
Apple Pay contactless exploit allows unauthorised payments from Visa cards
Researchers from UK universities found up to £1,000 can be siphoned from a user’s cards.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Currencycloud hires Mark Ledsham as new COO and 10x’s Neil Drennan as CTO
Currencycloud adds some new faces to its C-suite.
