Virgin Money has introduced a compelling new incentive for their M Power account, a no-cost bank account designed specifically for young savers and spenders aged 11 to 17 years. Beginning today and running until March 5, 2025, parents or guardians who open an M Power account for their child and deposit at least £1 by March 12, 2025, will benefit
Ascenda, a leader in loyalty as a service, has announced a strategic partnership with Cardless, a digital-first credit card platform, to revolutionize the co-branded credit card and loyalty landscape for U.S. merchants. This innovative collaboration aims to bring together the strengths of both entities, ultimately creating unique co-brand card products while simultaneously enhancing customer loyalty engagement. Ascenda’s global engagement ecosystem
In a groundbreaking collaboration, the UK’s top cashback website, TopCashback, has teamed up with gift card technology leader Tillo to introduce the new TopGiftCards platform, offering a revolutionary way for users to earn cashback on various gift cards. This partnership signifies a major milestone for Tillo’s white-label StoreFront solution and introduces an enhanced experience for TopCashback members who can now
Visa’s acquisition of the Brazilian core banking and payments software business Pismo has significantly accelerated the startup’s global expansion. Pismo, founded in 2016 by Ricardo Josua in Brazil, offers cloud-based core banking and payments software through Amazon Web Services, enabling banks to select required services. Since Visa’s acquisition in 2023, the São Paulo-based company has experienced transformative growth, particularly in
The rise of digital wallets like Apple Pay and Google Pay has revolutionized the way consumers handle transactions. These tech-driven solutions offer convenience and speed, but they also raise questions about regulatory oversight. A coalition of tech companies, led by giants such as Apple and Google, is currently challenging the Consumer Financial Protection Bureau (CFPB) over its attempt to regulate
In a significant move that promises to reshape the landscape of global e-commerce, TransferMate has partnered with Amazon to offer an enhanced payment service. This collaboration positions the Irish business-to-business payments company as a payment service provider within Amazon’s vast ecosystem. The integration allows Amazon sellers to receive their sales disbursements in their preferred currencies, significantly cutting down on foreign
South Africa’s fintech landscape is witnessing a dramatic shift with the recent partnership between Float, the nation’s first credit card-linked installment platform, and Peach Payments, a premier online payment solutions provider. This strategic collaboration is set to revolutionize the way consumers and merchants interact with payment solutions, providing a seamless and interest-free installment payment option at checkout that’s unlike traditional
Clip Money, Inc., a company renowned for its multi-bank, self-service deposit network for businesses, has joined forces with Green Dot Corp. to launch a new over-the-counter deposit service for businesses. This partnership aims to maximize the potential of Green Dot’s embedded finance platform paired with Clip Money’s state-of-the-art cash deposit technology, significantly enhancing convenience and efficiency for businesses handling cash
Runa has announced its expansion into India, tapping into the country’s $8.9 billion gift card market. This move allows Runa’s business customers to send instant domestic and cross-border payouts to Indian recipients, effectively reducing traditional barriers of cost and complexity. India’s digital payment market is experiencing rapid growth, exhibiting an impressive 44% compound annual growth rate (CAGR) from 2017 to
The CE 100 Index, which tracks the performance of leading companies in the connected economy, saw a positive uptick this past week, with significant contributions from the Pay and Be Paid sector. Driving the bullish sentiment were the quarterly earnings reports from major payment networks Visa and Mastercard. This report delves into the specific performance metrics and strategic insights shared
SpacePay is a fintech institution with a mission to unify traditional payment systems and cryptocurrency solutions, facilitating seamless digital transactions for users. The platform’s fundamental goal is to make it easy for cryptocurrency users to use their assets for payments and for merchants to accept these digital payments just as they would cash. This mission is crucial in a world
In the rapidly evolving landscape of digital finance, Kenya stands at a crossroads with the potential to revolutionize its payment systems while achieving mature inclusivity. As the world focuses on the benefits and challenges of digital payments, addressing the unique needs and barriers within the Kenyan context becomes crucial. The drive towards inclusive instant payment systems (IIPS) is not only
