Fintech

This week in the ongoing battle between retail giants Amazon and Walmart, the two companies are upping their discounting efforts in an effort to secure the loyalty of cost-conscious consumers. Amazon, for its part, is reportedly taking a tip from such eCommerce giants as Temu and Shein, gearing up to add a section featuring low-cost […]

As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity to meet this growing demand. A recent report from PYMNTS Intelligence and Franklin Madison shows that 44% of all consumers would turn to their financial institutions (FIs) for insurance needs, a trend that has been growing over the past few years. Based on insights […]

Fintech startup Rainforest has received $20 million in Series A funding, marking another significant milestone in its embedded finance journey. According to TechCrunch, the company also signed dozens of new companies to its platform and increased its payments volume 17 times in the past six months. Rainforest stated it has more than doubled its valuation […]

Pix, Brazil’s successful instant payment system, is expanding beyond its home country’s borders. Foreign tourists visiting Brazil will now be able to use Pix for their purchases. Pix Roaming, announced as a brand-new offering from Brazilian fintech PagBrasil, will allow foreign nationals within Brazil to complete transactions instantly where Pix is accepted. This service includes […]

American Express announced it will buy dining and event reservation company Tock for $400 million. The cash purchase will be the credit card company’s latest foray into the dining sector, following its acquisition of Resy in 2019. The Resy and Tock apps cater to higher-end restaurants, which will expand their reach to American Express’s more […]

The prevailing sentiment among consumers, particularly in younger generations, is access is more important than ownership. The subscription-centric sales process turns the traditional sales model on its head, and merchants wishing to take advantage of the recurring payments paradigm must pivot to take advantage. How Recurring Payments Through Subscriptions Drive Business Growth, a new report […]

Regions Bank has launched a new digital payments solution designed to streamline payment and billing processes for its commercial clients. Powered by BILL’s financial operations platform for small and medium-sized businesses (SMBs), the new Regions CashFlowIQ provides advanced accounts payable (AP) and accounts receivable (AR) capabilities and offers more choices for domestic and international payments, […]

Tencent Holdings-backed online lender WeBank has received regulatory approval from the mainland to set up a fintech subsidiary in Hong Kong, as the Shenzhen-based digital banking unicorn looks to grow outside its home market. WeBank was cleared to establish its wholly-owned Hong Kong unit with a capitalisation of US$150 million, according to a statement published last Friday by the Shenzhen bureau […]

Vietnam gathers sufficient conditions to take on the current digital payment trend, which can bring about several potential implications, writes Thuy Do, country head of Global Payments Solutions, HSBC Vietnam. At the Ministry of Information and Communications’ conference in February to announce the information and communications infrastructure masterplan in 2021-2030, with a vision to 2050, […]

The venture arm of electronics giant Samsung has made a strategic investment in all-in-one card app Curve. Curve, which has now raised over $250 million in total funding, lets users consolidate multiple cards into a single smart card and app. With fintech funding harder to come by, the new financing will be a welcome boost for the […]