Fintech

As the world moves toward a cashless society, the digital payments revolution is reshaping how businesses and consumers interact. Southeast Asia (SEA) stands at the forefront of this transformation, with its digital economy projected to hit US$100 billion by 2023. This projection, based on the e-Conomy SEA 2023 report by Google, Temasek, and Bain & […]

The Consumer Financial Protection Bureau (CFPB) recently passed new regulations that grant it expansive oversight over digital wallet and payment apps, such as Venmo and Apple Pay, effectively treating these companies as traditional financial institutions. The CFPB’s rule takes a one-size-fits-all approach with a low threshold for covered companies, stifling innovation in digital payments while […]

Buy now, pay later firm Sezzle’s shares plunged on Wednesday after Hindenburg Research disclosed a short position, citing risky lending practices alongside a decline in customers and merchants. The company, however, denied these allegations, calling them “misleading and out of context”, and said they “remain confident” in the outlook that was provided in conjunction with […]

Stablecoin infrastructure provider BVNK has secured $50m in a Series B funding round, to facilitate its expansion within the US. The investment was led by Haun Ventures and saw contributions from Coinbase Ventures, Scribble Ventures, DRW VC, Avenir, and Tiger Global. The company raised $40m in Series A funding which was led by Tiger Global […]

Mastercard has joined forces with the Bank of Punjab (BOP) to enhance the bank’s proposition across consumer debit and credit, affluent portfolio, and loyalty offerings. The collaboration seeks to transform the bank’s digital ecosystem and its customers’ digital experience. Customers of BOP’s priority banking program, KHAAS, will now benefit from Mastercard’s World and World Elite […]

Mastercard and Dgpays collaborate to enhance digital payments, fostering innovation, inclusion, and financial growth across EEMEA. Mastercard has announced a strategic partnership with Dgpays, a leading financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across Eastern Europe, the Middle East, and Africa (EEMEA). As part of the partnership, […]

Fi Money, India’s newborn, has partnered with eCommerce enabler GoKwik to enable instant card-based discounts on D2C brands. As the banking landscape continues to evolve rapidly, Fi Money acknowledges the importance of venturing deeper into the D2C realm to meet the changing needs of digital-savvy customers. Fi Money will integrate its Fi Federal Debit Card […]

Mastercard forecasts transformation in authentication, fraud prevention and B2B transactions as cybercrime risks reach US$10tn by 2025 As global cybercrime threats loom ever larger, Mastercard has unveiled plans to reinvent digital payments security through a combination of artificial intelligence and advanced authentication systems. The payments giant’s vision extends far beyond conventional security measures, encompassing a fundamental reshaping […]

Auto repair shop software service Tekmetric works with more than 10,000 auto repair shops around the country, many of which started rolling out a new buy now, pay later service via Affirm this fall. Customers who request estimates are shown the option of how they can finance their purchase — and since implementation, those who […]

A new way to shop has been gaining popularity, and may have been used for holiday gifts. More Americans are using Buy Now Pay Later (BNPL) services. Some people have turned to the plan to avoid accumulating massive credit card debt. These programs allow consumers to make a purchase without paying the full price upfront. […]