Global
Global: Eurosystem Introduces SEPA-Wide Verification of Payee (VoP) Scheme
The Eurosystem, the central banking authority of the Eurozone, is set to implement a Verification of Payee (VoP) service for payment service providers ...
Global
Global: India’s Technology Sector Poised to Reach $350 Billion by 2030
India’s technology sector is on track to achieve a $350 billion valuation by 2030, according to Defence Minister Rajnath Singh, who emphasized the ...
Global
Global: Zocks Secures $13.8M to Enhance AI-Driven Client Intelligence for Financial Advisors
Zocks, an AI-powered client intelligence platform designed for financial advisors, has successfully raised $13.8 million in a Series A funding round led by ...
Global
Global: U.S. Regulator Eases Restrictions on Banks Engaging in Crypto Activities
The Office of the Comptroller of the Currency (OCC) has clarified that national banks can engage in certain cryptocurrency-related activities without requiring prior ...
Global
Global: Revolut and Visa Challenge PSR’s Plan to Cap Cross-Border Payment Fees
Revolut and Visa have launched legal challenges against the Payment Systems Regulator (PSR) over its decision to impose a cap on interchange fees ...
Fintech
Egypt’s Fintech Boom: A 5.5-Fold Growth Driving Financial Inclusion and Digital Transformation
Egypt’s financial technology sector is experiencing unprecedented expansion, creating a dynamic ecosystem that now comprises over 177 fintech startups and Payment Service Providers ...
Fintech
Airtel Africa and Mastercard Introduce Virtual Payment Card to Expand Global Transactions
Airtel Africa has joined forces with Mastercard to launch the “Airtel Money GlobalPay Card”, a virtual payment solution designed to enhance digital transactions ...
Global
British Banks Borrow $12.7 Billion from Bank of England Amid Liquidity Shift
British lenders have tapped into the Bank of England’s (BoE) Indexed Long-Term Repo (ILTR) facility at unprecedented levels since the pandemic, borrowing more ...
Global
Namibia’s Telecom Sector Surpasses $43M in Data Revenue Amid Digital Expansion
Namibia’s telecommunications industry has reached a significant milestone, generating over N$800 million ($43 million) in data revenue. This growth reflects the country’s alignment ...
Global
Lloyds Banking Group Opens Applications for ‘Launch Innovation’ Programme
Lloyds Banking Group has announced the opening of applications for its 2024 ‘Launch Innovation’ programme, aimed at discovering new business partnerships and fostering ...