FintechDaily Staff – Page 51

Mastercard and Zand Introduce Cross-Border Payments Solution in the UAE

UAE-based fintech Zand has announced a partnership with Mastercard Move’s money solutions to enhance cross-border payments. Mastercard Move is the payment giant's suite designed for...

Adyen’s Stock Drops Following Revenue Impact from Tariffs

Shares in Adyen tumbled on Thursday after the Dutch payments processor reduced its annual revenue forecast, citing the effects of US tariffs. Adyen reported a...

PayPal and Coinbase Back Crypto Company Mesh with Investment

PayPal Ventures and Coinbase Ventures have invested in Mesh, bringing the crypto payments network's total funding to over $130 million. The size of the latest...

ZA Global Secures $40 Million Investment in Hong Kong Stablecoin Company RD Technologies

Hong Kong-based financial conglomerate ZA Global has spearheaded a $40 million Series A2 funding round for RD Technologies, a local stablecoin issuer. RD Technologies is...

Klarna Reports Q2 Losses While Pursuing US Expansion Plans

Swedish buy now, pay later (BNPL) platform Klarna is preparing for its New York listing, despite a reported net loss in Q2. The company's plan...

Citi Investigates Stablecoin Payment Solutions

The recent law passed by the US Congress has opened up possibilities for crypto payments, prompting Citigroup to explore custody and payment services for stablecoins....

RBC and BMO Consider $2 Billion Sale of Moneris Payments Division

The Royal Bank of Canada and the Bank of Montreal are reportedly seeking to sell their payments processing joint venture, Moneris, for as much as...

Santander Cuts 2,000 Jobs in the UK

Banco Santander has announced a significant reduction of 2,000 jobs in the UK as part of its ongoing cost-cutting initiatives. Last October, the bank revealed...

Starling’s Revaluation Boosts Chrysalis Shares

Shares in the £582 million growth capital fund Chrysalis surged by 10% following a significant increase in the valuation of its portfolio company, Starling Bank....

Uzum Secures $70 Million to Expand Fintech Infrastructure

Uzum, a prominent fintech and digital banking institution based in Uzbekistan, has successfully raised nearly $70 million in equity funding. This round saw participation from...