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British Embassy organise CFS2020 in The Hague

On 20 February, the British Embassy in The Hague will organise the CFS2020; your one-stop shop to the Anglo-Dutch FinTech market.

Industry Gathers to Discuss Scaling-up Financial Inclusion

Yangon, Myanmar, 13 January 2020 - The Greater Sub-Mekong Region is in the midst of a coordinated push towards financial inclusion. In Myanmar, adults with access to at least one formal financial product increased from 30% in 2014 to 48% in 2018, surpassing the initial 2020 targets of 40%. Current figures on formal financial inclusion in Cambodia show an inclusion rate of 59%. More needs to be done to bridge the gap in the region.

PayPal Completes Acquisition of GoPay

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay), following approval of the transaction by the People's Bank of China on September 30. With the close of the deal, PayPal is the first foreign payments platform licensed to provide online payment services in China.

LBG announces Eazy Collect as first PSP onto Gem

LBG announces Eazy Collect as first PSP client onboarded to Lloyds Bank Gem, the newest Cash Management and Payments Platform

Adyen Announces International Mobile App Payments Agreement with McDonald’s

Adyen's payments platform will begin roll out in the U.K. in Q1 2020 Adyen, the global payments platform of choice for many of the world’s leading companies, announced today that it has entered into an agreement to make Adyen’s payments platform available to McDonald’s markets globally, beginning with the U.K. early next year.

ACE Cash Express Raises Over $155,000 to Help the Homeless Across the United States

During the month of May, Populus Financial's ACE Cash Express stores raised $55,599 for Back on My Feet through ACE's annual fundraising event, the Give A Little Campaign. Populus Financial Group also made an annual corporate donation of $100,000 to the organization.

Finance's Final Frontier? British Watchdog Probes Data Sharing

Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and consumer credit to increase innovation and choice.

Biometric Payment Cards - Where Are We Now?

n 2018, we wrote: “Biometric smart cards are emerging as the next innovation in payment cards." Jump forward a year and NatWest called biometric payment cards “the biggest development in card technology in recent years” when announcing its pilot of the technology.

As Brazilian Payment Apps Multiply, Some Warn of a Shakeout

Banking apps backed by SoftBank Group Corp, China’s Tencent Holdings Ltd and others are proliferating in Brazil, offering such a dizzying array of choices that skeptics say a shakeout looks increasingly inevitable.

UN Migration Agency Will Use Blockchain Technology in Effort to Stamp out Illegal Fees Charged to Migrant Workers in Hong Kong

Diginex, a blockchain financial services and technology company, and the International Organization for Migration (IOM) – the United Nations Migration Agency – today announced the launch of a blockchain-based tool developed to prevent the exploitation of migrant domestic workers in Hong Kong SAR, China.

'Buy now, Pay later' Fintech Klarna to Enter New Markets in 2020

Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later’ service in the United States, CEO Sebastian Siemiatkowski told Reuters.

Global Financial Watchdogs Take Aim at Big Tech's Data Dominance

Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.

China's Xiaomi Launches Online Lending Service in India

Chinese smartphone maker Xiaomi Corp launched its online lending service in India on Tuesday, widening its offering of financial products in one of the world’s biggest web services markets.

FIME Helps PAX Technology Achieve First Automated Mastercard Test Equipment Interface POS Compliance

FIME has performed the first automated Mastercard Test Equipment Interface (TEI) Level 2 payment terminal compliance test. Point of sale (POS) terminal provider PAX Technology fast-tracked commercial launch using FIME’s test tool and laboratory services. The automated process helped PAX Technology to reduce costs, development and compliance times by up to 50% for this and future projects.

Visa and MFS Africa Team on Digital Payments

Visa is joining forces with MFS Africa to simplify remittances and expand global e-commerce across Africa.

Diginex joins Microsoft’s ScaleUp Program 2019 to Deliver Enterprise Value to Clients

Diginex, a blockchain financial services and technology company, has been selected as part of the Microsoft ScaleUp program. This exclusive 2-year program is designed for high-growth companies to leverage Microsoft’s expertise, scale their businesses and further deliver enterprise value to their clients.

Authorised Push Payment Fraud: The perfect storm that devastates lives

The rise of Faster Payments networks and growing customer expectations of a smooth if not friction-free banking experience is creating the ideal conditions for APP Fraud.

Mastercard Invests in Doconomy to Offer Cardholders CO2 Emissions Tracker

Announcing at the COP25 climate summit in Madrid, Mastercard has extended its collaboration with Swedish fintech Doconomy to offer cardholders carbon footprint tracking based on purchases made through the Bank of Åland’s cloud-based Åland Index.

Leading FinTech firm Thunes Clinches Payments License in Singapore

New regulatory approval extends Thunes’ licensing reach to enable further global expansion across Asia region