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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Global

Nigeria Fintech Sparkle Announces Partnership with Visa

“Nigeria’s digital banking platform Sparkle partnered with Visa in a collaboration aimed at entrepreneurs, consumers, and SMEs throughout Nigeria. Sparkle is a digital financial services platform supporting Nigerians across the globe. The new partnership will equip Sparkle with greater flexibility and freedom on how in-app payments are made. Users of the Sparkle app can make […]
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Companies

Checkbook Joins Visa’s Fintech Fast Track Program

“Checkbook.io , an end-to-end online payments processor, today announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with the Visa network, and allowing Checkbook to easily leverage the reach, capabilities and security that VisaNet, Visa’s global payments network, offers. Through Fast Track, Checkbook is taking real-time payments to […]
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Global

Leveraging Digital Channels to Deepen Financial Inclusion

“Speaking on the app, the Founder, Samuel Muoto said: “Waya PayChat is a digital payment solution that addresses the issue of unbanked and underbanked, while digitalizing payment solutions in Nigeria.” The app is the new fintech app in Nigeria which combines financial inclusion and social solution. It offers safe and secure transactions for the banked […]
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Deals

Vitesse, a fintech providing real-time cross-border payments for businesses, scores £6.6M Series A

“Vitesse , the London-based fintech that offers real-time cross-border payments for businesses, has raised £6.6 million in Series A funding. Founded in 2014 by Phillip McGriskin and Paul Townsend, who sold their previous fintech to Worldpay, Vitesse operates a global banking and payment network. This sees it able to provide customers with direct access to […]
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Companies

AmEx in Advanced Talks to Buy SoftBank-Backed Kabbage

“American Express Co. is in advanced talks to buy the online small-business lender Kabbage Inc., which is backed by investors including SoftBank Group Corp. ’s Vision Fund and Reverence Capital Partners, according to a person familiar with the matter. The all-cash deal could value the closely held lender at as much as $850 million, including […]

On The Wires

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Providers

MX Widens Lead With More Than 50,000 Connections To The Top Financial Institutions And Fintechs

“MX, the leading financial data platform enabling organizations to develop, launch, and power new money experiences, today announced that it has widened its lead as the top connector to financial institutions and fintechs with more than 50,000 connections. By offering multiple connections through direct-to-bank API agreements, partners, white-listed IPs, and consumer-permissioned access, MX ensures that […]