January 13, 2025 – FintechDaily

New Payment Pathway Between the US and Mexico to Leverage Rural Community Banks

A new cross-border payments infrastructure will facilitate remittances between the US and Mexico through 140 community banks located in rural areas. This initiative is being...

Curve Raises £133 Million in Series C Funding, Aiming for Profitability in 2024

Curve has successfully raised an additional £58 million in its Series C funding round, bringing the total funding for this round to over £133 million....

CFPB Targets Privacy and Consumer Protections in Digital Payments

The Consumer Financial Protection Bureau (CFPB) is exploring how it can utilize existing privacy and consumer protection laws to address emerging digital payment methods provided...

ECB Seeks Guidance from Industry Experts on Offline Implementation of Digital Euro

The European Central Bank (ECB) is seeking insights from experts in the mobile technology sector to assist in developing an offline model for digital euro...

EPI Unveils New Digital Wallet: ‘Wero’

The European Payments Initiative, a bank-supported initiative aimed at creating a competitor to Mastercard and Visa in Europe, has chosen 'wero' as the brand name...

India Postpones Deadline for UPI Market Share Cap

India has postponed the implementation of a cap limiting the market share of third-party app providers utilizing the country's Unified Payments Interface (UPI). The National...

Mastercard Aims to Eliminate Passwords with Innovative Biometric Service

Mastercard aims to phase out passwords with its new biometric authentication service. Over a decade after joining the Fido Alliance, Mastercard announces a service designed...

Next Generation and Decta Unite for Euro Stablecoin Initiative

French startup Next Generation has reintroduced a euro-pegged stablecoin, EURT, which had been suspended in 2017 due to regulatory challenges. The company is partnering with...

EFG Hermes Invests in Danish Fintech Kenzi Wealth with Minority Stake Acquisition

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth, a company that utilizes AI-powered asset management technologies and...

Wealthtech Startup Vega Launches from Stealth Mode with $8 Million Funding Round

Vega, a UK wealthtech platform founded by a team of former executives from top hedge funds, private equity firms, and fintech scale-ups, has officially launched...