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Tag: Fintech

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 […]

Nigerian fintech firm Risevest acquires trading startup Chaka
News Tech

Nigerian fintech firm Risevest acquires trading startup Chaka

Nigerian fintech startup Risevest has acquired digital trading startup Chaka, after months of conversations between both companies, TechCabal reported on Tuesday. “We’re excited, especially from the perspective of people; high level and strategically, this deal makes sense,” said Tosin Osinbodu, Chaka’s founder and Eke Urum, the founder of Risevest, confirmed the deal was concluded and […]

PhonePe launches Indus appstore developer platform
News Tech

PhonePe launches Indus appstore developer platform

A major player in digital payments owned by Walmart, PhonePe, has introduced its Indus Appstore Developer Platform in India. The launch by PhonePe will give Google, a dominant player in India, a run for their money. In a press statement, the company stated that its native Android app store is “designed to fulfil the localised […]

Fintech PayDay moves to sell company after raising $3m funds
News Tech

Fintech PayDay moves to sell company after raising $3m funds

Payday is in talks with potential buyers, barely six months after receiving $3 million in a seed round backed by Nigerian fintech company, Moniepoint. The CEO of the startup, Favour Ori, reportedly acknowledged to TechCabal that PayDay is having discussions with potential buyers. “Active conversations are being had with people who reached out and expressed […]

MobileCoin appoints Sara Drakeley as new CEO
News Tech

MobileCoin appoints Sara Drakeley as new CEO

MobileCoin, the company behind Signal’s crypto payments function, which enables encrypted money transfer service, has appointed a new CEO. As the new CEO of MobileCoin, Sara Drakeley will be in charge. Henry Holtzman, the former chief innovation officer of MIT Media Lab, will take over her prior position as the company’s chief technology officer. In […]

Interswitch activates payment gateway with Google Pay
News Tech

Interswitch activates payment gateway with Google Pay

Nigerian payments provider Interswitch, has enabled support for Google Pay, through the Interswitch Payment Gateway. Nigerian customers and businesses can now use the Google Wallet app to make online payments by adding their debit and credit card information. Users can also create virtual cards or use foreign credit cards to make purchases when they check […]

Flutterwave emerges CNBC’s 14th disruptor
News Tech

Flutterwave expands into India

Flutterwave, the most valuable startup in Africa, has partnered with IndusInd, India’s sixth-largest bank by assets, to offer its remittance product in India. The collaboration will enable the fifth-largest economy in the world to use Flutterwave’s remittance service, Send App, to send money to the continent of Africa. “The Indian expansion for Flutterwave will be […]

Nestcoin raises $1.9m to scale products
News Tech

Nestcoin raises $1.9m to scale products

Nestcoin, the parent company of Onboard, a digital wallet has received $1.9 million in a strategic investment round. The financing was led by Hashed Emergent, a Web2.5 fund for developers in emerging areas. Existing investors Alter Global, Magic Fund, CMT Digital, and 4DX Ventures participated. Two new investors, Adaverse and Base Ecosystem Fund, also took […]

Nigerian fintech Anchor raises $2.4M to expand product offerings
News Tech

Nigerian fintech Anchor raises $2.4M to expand product offerings

A Nigerian banking-as-a-service provider, Anchor has raised $2.4 million in seed funding to scale their product offerings. Goat Capital, founded by Justin Kan, served as the lead investor in the financing round. FoundersX, Rebel Fund, and other previous investors, such as Y Combinator and Byld Ventures, also participated. The fintech company received over $1 million […]

Venom, Hallmark launch physical gift cards
News Tech

Venom, Hallmark launch physical gift cards

Venmo and greeting card maker Hallmark have partnered to enable users to send physical gift card that is loaded with money. The price of this new collection of cards, according to Hallmark, will be $4.99 on the company’s websites, at Hallmark Gold Crown stores, and at a few other retailers. People will have the option […]

Visa to launch contactless payments in Kenya
News Tech

Visa to launch contactless payments in Kenya

Visa is collaborating with regional banks and fintech firms in order to introduce contactless payments in Kenya. Customers will be able to make purchases without using a card or physical wallet. Customers can utilise the Thales-powered service to make in-store purchases using their banking app by tapping their Near-field communication-enabled smartphones at any contactless payment […]

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

PayPal halts UK crypto sales until 2024

Payments giant PayPal has halted UK consumers to buy cryptocurrency through its platform as of October. This is as the company strives to comply with new regulations on crypto sector. To restrict the way cryptocurrency is sold to British consumers, Britain’s financial authority is expected to enact stricter regulations. These regulations would require crypto businesses […]