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Tag: Fintech

Australia moves to regulate Apple Pay, Google Pay, others
News Tech

Australia moves to regulate Apple Pay, Google Pay, others

The Australian government On Monday announced that it will unify the regulations governing Apple Pay, Google Pay, and other digital payment services. Despite their explosive growth in popularity, digital wallets from companies like Apple, Google, and Tencent, the developer of WeChat, are not covered by Australian payments law. The proposal, which was initially mentioned last […]

HSBC
News Tech

HSBC restores online banking services after outage

Following significant disruptions for clients on Black Friday, HSBC’s online and mobile banking services have been restored. The bank claimed that a problem with its “internal systems” was the cause of the problems, which started just after 8 a.m. on the popular shopping day. After beginning to resume late on Friday, services were back up […]

CBN grants AIP license to Bloc MFB
News Tech

CBN grants AIP license to Bloc MFB

The Central Bank of Nigeria has granted Bloc Microfinance Bank an Approval-in-Principle to operate in Nigeria. With the approval, Bloc Microfinance Bank, a subsidiary of Nigerian fintech startup, Bloc, now has the license to launch its banking services in Lagos, the country’s commercial capital. “This sets the right tone for Bloc as a financial technology […]

Energy

Investors shift from fintech to energy in Africa — Economic analyst

An economic and industrial analytics consultancy, Stears, has stated that investors are paying less attention to African fintech startups as their investment focus shifts to energy. According to The Times, this was said by the co-founder and COO of Stears, Abdul Abdulrahim, during his keynote address at the recent IATF 2023 conference in Cairo. Analyzing the investment […]

Alphabet sells shares in trading platform Robinhood
News Tech

Alphabet sells shares in trading platform Robinhood

Alphabet, Google’s parent company announced on Monday that it has sold its interest in Robinhood Markets, a provider of trading apps. The revelation was made many months after Alphabet cut its ownership of the business by about 90%. After that transaction, it possessed about 612,214 Robinhood shares. It has been stated that Alphabet had invested […]

Payments platform Zelle to refund to fraud victims
News Tech

Payments platform Zelle to refund to fraud victims

Banks using the payment app Zelle have started refunding victims of imposter frauds in response to worries about consumer protection expressed by US politicians and the federal consumer watchdog. According to Early Warning Services, the bank that owns Zelle, 2,100 financial institutions on the peer-to-peer network, which is owned by seven banks, including JPMorgan Chase […]

Interswitch loses N30bn to chargeback fraud - Report
News Tech

Interswitch loses N30bn to chargeback fraud – Report

African payments giant, Interswitch, has lost as much as ₦30 billion as a result of a system bug that allowed certain merchants to submit and receive false chargebacks. The company has reported the scam to Nigeria’s anti-money laundering body, the Economic and Financial Crimes Commission, and is currently attempting to retrieve the monies through legal […]

PayPal expands into U.S. POS market with new debit card
News Tech

PayPal to begin crypto operations in UK

The Financial Conduct Authority said on its website that PayPal has registered to offer cryptoasset operations in the United Kingdom. Companies that wish to offer cryptoassets must demonstrate to the FCA that they have adequate measures in place to prevent them from being exploited for money laundering or terrorism financing, even as the British crypto […]

Kippa shuts banking division, lays off 40 employees
News Tech

Kippa shuts banking division, lays off 40 employees

Nigerian bookkeeping and finance startup, Kippa, has announced that it will close its agency banking division, KippaPay. According to TechCabal, Kippa has let go of 40 employees; dependable sources claim that layoff notices have been distributed and that the affected employees’ last day is November 30. “Those who will be staying back are directly connected […]

Ghanaian fintech Dash shuts down
Uncategorized

Ghanaian fintech Dash shuts down

A Ghanaian fintech business that aims to link bank accounts and mobile money wallets across Africa, Dash, has announced that it is ceasing operations. The news of the closure was first reported by WeeTracker. Dash, a company established in 2019 by Prince Boakye Boampong, sought to provide interoperability between mobile wallets and bank accounts in […]

PayPal integrates Venmo card to Apple Wallet
News Tech

PayPal integrates Venmo card to Apple Wallet

PayPal on Tuesday announced that users can now link their PayPal and Venmo credit or debit cards to their Apple Wallet. You can now use Apple Pay to make payments in-person, online, or through apps thanks to this new connection. Customers will continue to receive incentives and money, according to the corporation. To do this, […]

Singapore grants Coinbase payments license
News Tech

Singapore grants Coinbase payments license

Coinbase’s Singapore branch announced on Monday that it has been granted a Major Payment Institution licence by the central bank of the city-state. The largest U.S. crypto exchange will be able to provide digital payment token services to individuals and institutions in Singapore thanks to the licence issued by the Monetary Authority of Singapore. The […]

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