Fintech

The Central Bank of Brazil is set to launch a recurring transaction capability to Pix, the country’s instant payment method, in partnership with global tech firm EBANX. Dubbed Pix Automático, the new capability is aiming to significantly enhance recurring payments in Brazil, positively impacting Latin America’s largest digital commerce market. EBANX is taking the lead for the new […]

HSBC is the first major bank to launch such an initiative, allowing international mortgage applicants to retrieve their credit history for a UK mortgage application. This provides non-resident customers from eligible regions  – Australia, Switzerland, the Philippines and the USA – and those who have recently relocated to the UK a more streamlined process, eliminating […]

Eligible Apple Pay users in the US and UK will have first access to Klarna’s  payment offerings, including pay later in three or four installments with no interest or over longer periods. The global expansion will continue with Canada slated to launch in the coming months. “Consumers around the world have been asking for Klarna […]

The Government has launched a consultation on its proposals, which will bring companies under the supervision of the Financial Conduct Authority (FCA) and apply the Consumer Credit Act, ensuring users receive clear information, avoid unaffordable borrowing, and have strong rights when issues arise. Economic Secretary to the Treasury Tulip Siddiq says: “We promised to take […]

G7, the cab company in Europe, is expanding how many payments its French taxi drivers can accept to enhance the travel experience for visitors. Partnering with Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, visitors can now pay for taxis directly using one of 15 international e-wallets. International passengers, especially those from […]

The digital payments market in Israel is on the verge of a significant transformation, with major changes expected to take effect in the coming year. New and refreshing payment options will allow consumers to pay quickly and easily, saving both time and money. V-Check, a leading Israeli fintech company headed by CEO Kobi Ram, is […]

Growth in the payments industry, which was once characterized by rapid expansion, is now slowing as the shift from cash to digital payments has reached its peak, according to BCG research. The BCG Global Payments Report 2024 found that revenue growth is expected to halve by 2028, with global revenues set to rise at a […]

Smart Money People, the UK’s comprehensive financial services review site, has launched a new cross-industry working group focused on creating better communication for customers in vulnerable situations. Smart Money People says it is launching the working group having recognised that, despite the implementation of the FCA‘s Consumer Duty over a year ago, 81 per cent of customers say […]

G7, the cab company in Europe, is expanding how many payments its French taxi drivers can accept to enhance the travel experience for visitors. Partnering with Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, visitors can now pay for taxis directly using one of 15 international e-wallets. International passengers, especially those from […]

Nurturing local talent and ensuring the Middle East and North Africa (MENA) region continues to be a hub for innovation, Bahrain FinTech Bay (BFB), the fintech ecosystem builder, has launched its MENA Innovation Academy (MENA-IA). The new initiative has been created following a partnership with Reboot Coding Institute (Reboot01), the academic and training institution. This collaboration ensures that the […]