European Parliament authorises new regulations for instant money transfers
The European Parliament has adopted new regulations aimed at ensuring euro money transfers arrive in bank accounts "within ten seconds" throughout the EU.
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ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
Navro (formerly Paytrix) secures $14 million in an internal funding round led by Bain Capital and Unusual Ventures. The London-based digital payments firm...
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
Commerzbank has chosen Surecomp, a Canadian trade finance solutions provider, to automate its trade finance business's back-office processing capabilities.
The Frankfurt-based bank has...
India’s Juspay acquires LotusPay to enhance payment capabilities
Bengaluru-based Juspay has acquired LotusPay, a recurring payments solution provider, in an all-cash deal to enhance its offerings for the BFSI (banking, financial...
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of around 1,400 positions.
The initiative,...
Fat Zebra bolsters CDR capabilties with acquisition of Aussie open data platform Adatree
Australian payments processor Fat Zebra has acquired Sydney-based Adatree, a platform for the Australian Consumer Data Right (CDR).
Adatree's platform allows companies in...
India’s PayU selects Thought Machine’s Vault Core to power LazyPay credit service
PayU, an Indian payment services vendor, has migrated its credit solution LazyPay to Thought Machine's core banking technology, specifically the Vault Core platform.
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Nepal Clearing House selects ACI Worldwide to power National Payment Switch service
Nepal Clearing House (NCHL) has partnered with ACI Worldwide to leverage its enterprise payments platform for its upcoming National Payment Switch (NPS) system.
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India’s UPI launches in France through collaboration with Lyra Network
The National Payments Corporation of India (NPCI) has partnered with French payment services firm Lyra Network to introduce the Unified Payments Interface (UPI)...
