The legal struggles between major credit card companies Visa and Mastercard and U.S. merchants took another dramatic turn when Judge Margo Brodie denied preliminary approval for a $30 billion settlement agreement aimed at resolving a longstanding dispute over credit card interchange fees. The litigation, which has been ongoing for nearly two decades, appears far from resolution as the judge emphasized
MiddleGame Ventures (MGV), a prominent Luxembourg-based investment firm, has announced the launch of a new fund aimed at empowering early-stage fintech startups across Europe. This fund is strategically designed to back emerging entities in various financial sectors, including deep-tech and cybersecurity, particularly targeting Post-Seed, Series A, and Series B stages. With substantial contributions from key institutional investors, MGV aims to
The financial landscape is constantly evolving, and Mama Money, a cross-border money transfer operator based in South Africa, is playing a pivotal role in driving these changes. By launching its new Mama Money Card in partnership with Access Bank and Paymentology, and operating through the ubiquitous WhatsApp platform, the company is setting new standards in financial inclusivity. This innovative approach
The integration of advanced technologies, particularly artificial intelligence (AI), is rapidly transforming the business banking realm. U.S. Bank, one of the largest financial institutions in the United States, is making substantial strides in deploying AI-driven solutions to enhance the operational capabilities of small and medium-sized businesses (SMBs). Shruti Patel, Chief Product Officer for Business Banking at U.S. Bank, spearheads this
Unified Payment Services Limited has recently announced the launch of its Payment Terminal Service Aggregator (PTSA) platform, aimed at enhancing electronic payment transactions across Nigeria. This development was highlighted by the Group Managing Director, Mr. Agada Apochi, during a media briefing in Lagos, where he elaborated on the strategic goals and operational mechanisms of the PTSA platform. Strategic Launch of
The Vietnamese government has embarked on an ambitious journey to ensure every adult in the nation owns a smartphone by 2025. This initiative is not merely about enhancing connectivity; it represents a systematic step towards embracing Industry 4.0 and fostering a cashless society. By leveraging its extensive 4G network and swiftly advancing technological framework, Vietnam aims to revolutionize its digital
Connect Money, an Egyptian fintech startup, is carving a niche in the burgeoning field of Banking-as-a-Service (BaaS). By enabling non-bank businesses to offer embedded financial services, Connect Money is paving the way for greater financial inclusivity across Africa. With an innovative approach that circumvents traditional infrastructure costs and regulatory complexities, Connect Money stands out as a transformative force in the
Since its inception in 2016, Webio has been on a mission to transform how companies in financial services, utilities, and retail manage payments and debt. By leveraging conversational AI, Webio has created a unique platform that optimizes customer interactions, making processes more efficient, compliant, and customer-friendly. Webio stands out in a crowded market by addressing the unique demands of sectors
In the evolving landscape of e-commerce, the significance of seamless, efficient, and secure payment solutions has reached an unprecedented level. The recent partnership between Ecommpay, an end-to-end payments platform, and BigCommerce, a leading SaaS and composable e-commerce platform, promises to deliver advanced payment solutions that could revolutionize how merchants handle transactions. This article explores the details of the partnership and
In the ever-evolving landscape of cybersecurity, the need for innovative fraud prevention tools has never been more critical. With malicious activities growing both in complexity and frequency, organizations are under immense pressure to safeguard their assets and maintain trust with their stakeholders. TrackLight, a trailblazing firm specializing in AI-assisted fraud detection and prevention, has recently garnered significant attention after securing
The global fintech landscape is experiencing an era of remarkable innovation, particularly in payment technologies and financial solutions targeted at merchants. This shift is fundamentally transforming how businesses handle transactions, offering them unprecedented levels of convenience, security, and efficiency. A notable instance of this transformation is Nexi’s recent extension of the Tap to Pay on iPhone service to merchant customers
The collaboration between Mastercard, a global technology leader in the payments industry, and urpay, a digital wallet fintech company, is set to revolutionize cross-border payments in Saudi Arabia. This partnership aligns with the ambitious Vision 2030 initiative, aiming to diversify the economy and foster digital transformation in the financial sector. Leveraging Mastercard’s extensive suite of payment innovations branded as Mastercard
