CoinspeakerMastercard to Acquire Minority Stake in MTN’s Fintech Business In the midst of this strategic partnership, MTN has delivered impressive financial results for the first half of the year. Mastercard to Acquire Minority Stake in MTN’s Fintech Business
Read More »Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin
CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin
Read More »Revolut to Close US Crypto Services Due to Uncertain Regulatory Position
CoinspeakerRevolut to Close US Crypto Services Due to Uncertain Regulatory Position From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. Revolut to Close US Crypto Services Due to Uncertain Regulatory Position
Read More »TikTok Is Working to Secure Payment License in Indonesia
CoinspeakerTikTok Is Working to Secure Payment License in Indonesia Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia. TikTok Is Working to Secure Payment License in Indonesia
Read More »SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations
CoinspeakerSoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations
Read More »US Brokerage Startup Public Makes Foray in UK
CoinspeakerUS Brokerage Startup Public Makes Foray in UK Public aims to reduce the overall costs for investors, making its platform more appealing to UK users. US Brokerage Startup Public Makes Foray in UK
Read More »Mastercard Implements AI Fraud Detection Tool in Nine UK Banks to Prevent APP Scams
CoinspeakerMastercard Implements AI Fraud Detection Tool in Nine UK Banks to Prevent APP Scams TSB, one of the nine banks, said the Mastercard AI tool has increased its APP fraud detection ability by 20%. Mastercard Implements AI Fraud Detection Tool in Nine UK Banks to Prevent APP Scams
Read More »Payment-Centric Fintech Startup Innoviti Sets Eyes on $25M Funding to Promote Business
Innoviti processes over $10 billion in transactions annually across more than 2,000 cities in India. Innoviti Technologies, an Indian fintech startup, is exploring a fresh funding round that could potentially value the company at approximately $350 million, Bloomberg reported on June 28, citing people familiar with the matter. According to the report, the company seeks to raise around $25 million in the financing round to boost its business offerings and increase its market dominance....
Read More »Tencent and Ant Group Open Up Mobile Payments to Foreigners in China
The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists can connect their pay via the two dominant mobile pay apps- Tencent’s WeChat Pay and Ant Group’s Alipay. Over the years, China’s payment system has kept credit cards out of...
Read More »Wise Stock Jumps 18% on Customer Deposits and Higher Interest Rates
Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted that its profit before tax tripled to £146.5 million ($186.5 million). The company also reported that its earnings per share tripled to 11.53 pence. According to data from...
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