Payments News

On The Web

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Global

JPMorgan-Backed Brazil Fintech Plans to Expand in U.S., Mexico

“FitBank Pagamentos Eletronicos SA, a Brazilian fintech backed by JPMorgan Chase & Co. , plans to open a U.S. office in the first half of 2021. The payment-services firm, which has more than 100 clients in Brazil, is also expecting to start operations in Mexico, Peru and Colombia sometime next year, according to Chief Executive […]
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Companies

Apple to Launch First Online Store in India Next Week

“Apple Inc will launch its first online store in India on Sept. 23, the iPhone maker said on Friday, coinciding with the country’s holiday season that brings some of the biggest sales for retailers every year. Apple sells its products in India through third-party vendors and e-commerce operators such as Amazon.com Inc’s Indian unit and […]
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Global

Digital Banking, Now Halal

“The average fintech startup founder faces a taxing to-do list: raise seed funding, scope out a user base, recruit talent, build something people will actually use. For the Indonesian entrepreneur, the Muslim-majority market presents an additional hurdle: build an app that is compliant with Islamic religious law, or Sharia.”
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Global

Facebook Announces $4.3 Million Grant for Small Businesses in India, Introduces Support for Gift Cards

“Additionally, Facebook and Instagram have also launched capabilities for businesses in India to sell gift cards. “During the pandemic, it’s been inspiring to see how people and businesses have come together on the Facebook family of apps to support their local communities,” said Mohan. These gift cards, which will be issued by startups Quiksilver and […]
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Domains

TipMe Brings out Mobile Payments App in Liberia

“Electronic payment service provider TipMe has begun operations in Liberia to provide individuals and businesses with access to useful and affordable financial products and services. It offers a mobile money wallet, online voucher purchases, bill payment services, online international remittances, business services, salary payments and eCommerce platform. TipMe said the app-based service lets customers send […]
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Deals

Nexi, SIA Close to Clearing Hurdle to Blockbuster Merger

“Italy’s Nexi SpA and SIA SpA are close to clearing a major hurdle to a potential merger that would create one of Europe’s biggest payments providers, people familiar with the matter said.    SIA is finalizing an accord to keep Italian lender UniCredit SpA as one of its main clients, a key sticking point in […]

On The Wires

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Global

Global Organizations Join the Mojaloop Foundation to Advance Financial Inclusion

“The Mojaloop Foundation today announced that India’s leading digital payments platform PhonePe and enterprise blockchain solution provider Ripple have joined as Sponsor members, the highest level of the organization. In their role as Sponsor members, they will join the Mojaloop Foundation Board of Directors and help provide the strategic vision, governance, and technical guidance to […]
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Global

UK Banks Outperform Rest of Europe in Reducing Card Fraud

“UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the countries saw increases in card fraud losses in 2019 according to the report, based on data from Euromonitor International and UK Finance.”