2024 – Page 47 – FintechDaily

Barclays Bank Discusses Potential Sale of 80% Stake in Merchant Acquiring Division

Barclays Bank is reportedly in discussions with Brookfield Asset Management regarding the potential sale of an 80% stake in its merchant acquiring division. In February,...

Waza, a B2B Payments Platform for Emerging Markets, Emerges from Stealth with $8 Million in Funding

Waza, a payment and liquidity platform designed for emerging market businesses, has successfully raised $8 million in equity and debt funding to enhance the ability...

HSBC Commits to Maintaining Its Branch Count

HSBC has committed to keeping all of its branches open until at least 2026 due to political and regulatory pressure to ensure continued access to...

Bancos españoles, los primeros en integrarse al esquema de pagos transfronterizos instantáneos de la UE.

The Spanish banking community has become the first EU market to facilitate instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out Instant...

Judge Rules Ripple to Pay $125 Million Penalty

Ripple has been ordered by a U.S. judge to pay the Securities and Exchange Commission (SEC) $125 million in penalties for improperly selling its XRP...

Wise Aims to Capture India’s Expansive Remittance Market

Money transfer fintech Wise is poised to challenge banks in India's $32 billion remittance market after receiving a new license from the Reserve Bank of...

Russia Revokes Banking License of AmEx Subsidiary

Russia's central bank has revoked the banking licence of American Express's subsidiary in the country, following a request from the payment company, as reported by...

ASIC Takes Legal Action Against ASX Over Incomplete Clearing House Replacement System

Australia's Securities and Investments Commission (ASIC) is filing a lawsuit against the country's leading exchange over allegations of misleading statements regarding the progress of its...

Visa Participates in $5 Million Funding Round for African Payroll Provider Workpay

Visa has participated in a $5 million funding round for the Kenyan payroll provider Workpay. The funding round was led by tech growth equity firm...

CFPB and American Fintech Council Define Their AI Stances to Treasury

Responding to a request from the US Treasury, both the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have provided insights on...