Kenyan fintech startup Leja has experienced remarkable growth over the past year, processing an impressive $2 billion in B2B payments in 2024. This milestone reflects a 30% month-over-month growth rate and a staggering 300% cumulative increase within a year, highlighting the platform’s increasing adoption. The Leja App has emerged as a vital tool for micro, small, and medium enterprises (MSMEs)
Qatar Islamic Bank (QIB) has taken a pioneering step by signing a Memorandum of Understanding (MoU) with PayLater, a leading Qatari fintech company that specializes in Buy Now, Pay Later (BNPL) solutions, to bring Shari’a-compliant BNPL services to the Qatari market. This collaboration aims to provide consumers with flexible financing options while promoting financial inclusion and supporting the growth of
In an ambitious move to redefine payment solutions, Ibanera, a leading digital banking platform, has teamed up with global financial services provider FIS to introduce a comprehensive prepaid card program targeting both businesses and individual consumers in the United States. Utilizing Visa’s extensive global network, the new prepaid card program enables secure payments at any location where Visa is accepted.
Deus X Pay has recently relaunched with a renewed focus on streamlining and enhancing international payment processes. This strategic move aims to address the growing demand for seamless cross-border transactions in the global market. The relaunch signifies a significant milestone in the financial technology landscape, reflecting the industry’s ongoing digital transformation. The Need for Efficient International Payments Addressing Global Commerce
RBI Scrutiny Slows Fintech Growth as Bad Loans Rise The fintech lending sector in India is experiencing a notable slowdown in growth along with a troubling increase in bad loans. This decline is happening amidst heightened regulatory scrutiny from the Reserve Bank of India (RBI) concerning the burgeoning unsecured credit business. Insights from multiple startup founders and industry experts reveal
Red River Bank, a Louisiana state-chartered bank with 28 banking centers, has made a significant move in the digital payments landscape by choosing Allied Payment Network to bolster its digital payment services. This strategic partnership involves the integration of Allied’s advanced payment solutions with the Q2 Digital Banking Platform, aiming to broaden the bank’s real-time payment options and improve digital
Imagine a world where farmers no longer need to travel long distances to visit a bank or wait for business hours to manage their finances. Traditionally, the agriculture sector has relied heavily on personal relationships, with financial transactions often conducted face-to-face. However, there is a growing shift toward digital lending in response to evolving farmer expectations and the demand for
As Mastercard introduces its cutting-edge Payment Passkey Service in Latin America, the partnership with Sympla, Brazil’s leading events platform, and Yuno, a global payments orchestrator based in the region, marks a significant stride towards enhancing online checkout security and efficiency. Scheduled for a January launch, this innovative service holds immense potential to transform the online purchasing experience by leveraging device-based
The bustling energy of Black Friday 2024 saw a notable uptick in consumer activity, with Visa reporting an 11% increase in transaction volumes compared to Black Friday 2023. This rise also marked a 16% growth over an average Friday and a 12% surge in spending across the Black Friday and Cyber Monday weekend. These figures highlight the significant jump in
Lunar, an innovative Nordic challenger bank, is making significant strides in the financial sector by transitioning its Banking Services division into Moonrise, a new standalone entity within the Lunar Group. This bold move underscores Lunar’s dedication to expanding its reach and exploring the boundless potential of Banking-as-a-Service (BaaS) across the Nordics and beyond. With the European BaaS market on the
The intense shopping frenzy associated with Black Friday in the UK often presents a lucrative opportunity not only for retailers but also for fraudsters seeking to exploit the surge in transactions. On the latest Black Friday, transactions saw a notable 11% uptick compared to the previous year, with a 16% increase from an average Friday. During the subsequent shopping weekend,
In an era where security concerns are escalating across the globe, Zwipe, a renowned global entity specializing in biometric authentication technology for access control, identification, and payment solutions, has taken a significant stride forward. The company recently announced that a leading international luxury and fashion retailer is evaluating its advanced biometric access cards. This evaluation marks a pivotal moment for
