Whether as consumers or merchants, simplicity is key when it comes to purchasing goods and services. While merchants have historically offered in-app payment options, this is merely scratching the surface. Embedded finance represents a paradigm shift, integrating a spectrum of financial services into non-financial applications. Embedded finance is rapidly replacing embedded payments as the ultimate […]
Fintech
Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility. For over a decade, the Nigeria-based Appzone has functioned as an enabler (at payment rails and core infrastructure) within banking and […]
Cash vs Digital: How do digital government-to-person payments ease the lives of recipients?
Imagine having to take a day off work, travel a long distance and wait in line for several hours, rain or shine, to collect assistance or wage payments from the government. Now imagine having to repeat this process every month. This is the reality for millions of people worldwide whose livelihoods depend on government payments […]
With food inflation still hot, consumers turn to buy now, pay later to buy groceries and takeout
Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat. Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly food expenses, according to research […]
”Empowering Investments Beyond NFTs: NFTFN’s Fintech Frontier”
SUMMARY NFTFN is a leading fintech firm in the web3 space, offering a range of tools to enhance the NFT market experience. They provide access to various asset classes beyond NFTs, empowering users to diversify their investments. INTRODUCTION NFTFN, a prominent player in the fintech industry, is dedicated to revolutionizing the NFT market by providing […]
Advantages of digital banking platforms for commercial real estate
While payments and treasury services span multiple industries, commercial real estate has unique considerations, including managing liquidity, sending payments, receiving rent and complex account structures. “Commercial real estate organizations of all sizes can benefit from JPMorgan Chase’s digital banking platforms. We’re focused on industry-specific issues—and solutions—to help clients optimize liquidity, gain insights into operating accounts and manage rent payments,” […]
GoCardless to buy Nuapay from EML Payments
GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia’s EML Payments in a deal worth €32.75 million. EML is selling Irish firm Sentenial – which operates under the Nuapay brand – three years after buying the business for an upfront enterprise value of €70 million. UK […]
Swedish central bank calls for legislation to protect cash
Even as cash usage continues to fall in Sweden, legislation is needed to ensure that people can pay with notes and coins, says the central bank governor. Often lauded as a country well on its way to becoming a cashless society, Sweden saw the amount of notes in circulation decrease by 10% in 2023, according […]
Deutsche Bank cuts bonuses over botched Postbank IT integration
Deutsche Bank has reduced the cash bonuses of management board members connected to last year’s bungled Postbank IT integration project. Bonuses were slashed by €1.95 million over what the bank calls, in its annual report, the “unacceptable” migration problems. The Postbank migration last summer saw 12 million customers and 50 billion data sets shifted to […]
Adyen: Why Speed is Paramount in Payments
In this deep-dive, we speak to Adyen’s Thom Ruiter on the importance of speed in payments and the fintech’s record-time Bank of England integration Today, the speed of money flow in the financial sector is more important than ever. Businesses know the faster payments can be completed, the higher the chance is for them to […]