Latest News – Page 152

Corpay Acquires Paymerang

Corporate payments company Corpay is set to acquire accounts payable automation firm Paymerang. Financial terms of the deal have not been disclosed. The acquisition will...

SVB Nordics Continues Business as Usual

Ahead of NextGen Nordics, set to take place in Stockholm on 25 April 2023, Finextra is preparing a series of previews covering event topics and...

Mastercard Launches Domestic Payment Processing in China

US card giant Mastercard, through a joint venture, has begun processing domestic payments in China. This week, the Mastercard NetsUnion joint venture started processing payments...

Two-Thirds of Online Shopping Scams Begin on Facebook and Instagram

Purchase scams originating from Facebook and Instagram are projected to cost UK consumers over £27 million this year, according to an analysis by Lloyds Banking...

Monite Expands Seed Round to $10 Million

API-first embedded finance workflows startup Monite has secured an additional $5 million, effectively doubling its seed funding round to a total of $10 million. Third...

Taurus Converts SME Credit into Tokens for Private Debt Investors

Deutsche Bank-backed Taurus is set to tokenize the SME credit portfolio of Zurich-based Teylor, enabling investor access to small and medium-sized enterprise credit opportunities. Teylor...

TabaPay Abandons Acquisition of Bankrupt BaaS Company Synapse Assets

Money-moving fintech TabaPay has withdrawn from its agreement to acquire the assets of the bankrupt Banking-as-a-Service platform, Synapse. A TabaPay spokesperson informed TechCrunch that a...

Australian Startup Stables to Launch USDC-backed Fiat Mastercard

Australian stablecoin startup Stables is set to launch a Marqeta-powered Mastercard that will facilitate the conversion of USDC to fiat currency at merchant checkout, both...

BIS Investigates the Role of Data, Technology, and Collaboration in the Fight Against Money Laundering

Recent research from the BIS Innovation Hub emphasizes that leveraging payments data, privacy-enhancing technologies, AI, and enhanced cooperation for a behavioral-based analysis approach is significantly...

Kima Seeks to Develop a ‘DeFi Credit Card’

Israeli startup Kima is collaborating with Mastercard's FinSec Innovation Lab on a project aimed at integrating decentralized finance (DeFi) applications with fiat systems. Kima is...