Bangladesh Bank taps Fime to launch domestic card scheme
Bangladesh Bank partners with fintech company Fime to launch a domestic card scheme, aiming to enhance financial inclusion through a stable payment infrastructure.
FactsBangladesh...
Torpago confirms two new senior hires following “significant growth”
US financial services platform Torpago experiences "significant growth" and makes two key appointments to expand its capabilities.
FactsTorpago, based in San Francisco, offers business...
US fintech Block set to close European payments app Verse
San Francisco-based payments company Block is closing some of its European business operations, including its peer-to-peer payment app Verse and its buy now, pay...
Payabl. secures EMI licence in the UK
European paytech firm payabl. has obtained a UK electronic money institution (EMI) licence, enabling expansion of its services and merchant portfolio.
FactsPayabl. has acquired...
PayPal launches US dollar stablecoin PayPal USD
PayPal is launching a fully-backed stablecoin, PayPal USD, backed by US dollar deposits and similar assets, aiming to enhance payments in Web3.
FactsPayPal is...
Over $10bn deposited into Apple Card’s savings account in first four months of going live
Just over four months after its launch, Apple's Apple Card savings account offering has amassed over $10 billion in deposits, marking a significant success...
Nexi buys 30% stake in German PSP Computop
Founders of German payment service provider Computop, Frank Arnoldt and Ralf Gladis, sell 30% of the company's shares to Italian paytech firm Nexi Group,...
Seacoast Bank strikes deal with NCR for ATM-as-a-Service solution
Florida-headquartered Seacoast Bank has partnered with NCR Corporation to use their ATM-as-a-Service (ATMaaS) solution, allowing the bank to outsource ATM management, reduce capital expenditure,...
The FCA’s Consumer Duty clamps down on unfair savings rates
The Financial Conduct Authority (FCA) is taking action against banks and building societies for offering disproportionate interest rate rises to savers. The FCA's 14-point...