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.
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.
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.
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.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
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.
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.
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.
Video: fintech news pick of the week – Visa, FTX and Bank of Ireland
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Video: fintech news pick of the week – Visa acquires Tink; Raisin merges with Deposit Solutions
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Blockchain Capital announces $300m investment fund backed by PayPal and Visa
The fund will be used to support the development of blockchain technology.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Video: fintech news pick of the week – Nubank raises $750m; Goldman Sachs partners with Visa
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Goldman Sachs partners with Visa for cross-border payments
The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.
US retail trade groups ask to join $5.54bn Visa and Mastercard lawsuit
The two bodies want permission to become parties in the lawsuit.
Visa pilots US stablecoin with Crypto.com to settle transactions
Other incumbents have moved to support cryptocurrency too.
US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
