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Tranglo Expands Remittance Services to Seven African Countries
Cross-border payment hub Tranglo has expanded its services in Africa.
Tranglo now facilitates payments in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia.
Remittances are crucial for African households and businesses. Tranglo aims to address high remittance fees by offering efficient and cost-effective solutions.
Read more: https://fintechnews.my/46914/payments-remittance-malaysia/tranglo-africa/
Mastercard and J.P. Morgan to Streamline B2B Payments with Blockchain
Mastercard’s Multi-Token Network (MTN) has integrated with J.P. Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails.
This platform, offered through J.P. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds.
This collaboration aims to streamline cross-border business transactions by offering a faster and more transparent settlement process, reducing friction and enhancing the efficiency of commercial transactions.
Read more: https://fintechnews.sg/104224/blockchain/mastercard-j-p-morgan/
Commercial Bank International partners with areeba to enhance fintech payment solutions in the UAE
Dubai, UAE – Commercial Bank International (CBI), a leading UAE bank, has announced a strategic partnership with areeba, a global payment infrastructure provider, to become the first UAE bank to offer areeba’s comprehensive card and payment solutions to fintechs across the country. The partnership aims to empower UAE fintechs with scalable, secure card management capabilities and accelerate the growth of the digital payment ecosystem in the UAE.
Through this collaboration, CBI will leverage areeba’s advanced payment platform to provide fintechs with an efficient, seamless solution for launching and managing digital payment products. With the UAE already accounting for 46% of fintech startups in the MENA region, the agreement aims to further support the growth of the local fintech landscape by enabling businesses to adopt innovative solutions and compete in the UAE’s finance market.
Crypto ownership continues to rise in the UK
As it prepares to roll out a new crypto regime, the regulator says 12% of UK adults now own Bitcoin and other coins, up from 10% in previous findings. Awareness of crypto also rose from 91% to 93% and the average value held increased from £1,595 to £1,842.
Around a third of people say they believe they could raise a complaint with the FCA if something went wrong and were seeking recourse or financial protection. This, notes the watchdog, is unlikely because currently crypto remains largely unregulated in the UK.
This is about to change, with the FCA starting to share their approach to regulating crypto, publishing an indicative roadmap of key dates for the development and introduction of the regime, featuring a series of focused consultations.
Read more: https://www.finextra.com/newsarticle/45113/crypto-ownership-continues-to-rise-in-the-uk
CellPoint Digital bags $30m to fuel development of new payment orchestration platform
CellPoint Digital, a UK-based paytech, has landed a $30 million investment from London-headquartered asset manager Toscafund and its private equity arm, Penta Capital.
This strengthens the partnership between CellPoint Digital and the $4.5 billion-asset manager, which has supported the paytech with several investments, including a $25 million round closed in 2022.
CellPoint Digital has earmarked the capital injection to fuel the launch of its new Offer Order Service Delivery (OOSD) payment orchestration platform.
Mastercard Launches Open Banking Partnership With Unzer
Payment/software solutions provider Unzer has formed an open banking-focused collaboration with Mastercard.
The collaboration, announced Monday (Nov. 25), makes Mastercard Unzer’s open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power eCommerce payments across Unzer’s payment gateways.
“Through this partnership, Unzer and Mastercard aim to create a unified digital payment ecosystem by leveraging Mastercard Open Banking-driven solutions enabling access to pay by bank,” the companies said in a news release.
“These innovations will offer consumers more secure and seamless payment options, providing greater flexibility when making online purchases.”
Read more: https://www.pymnts.com/partnerships/2024/mastercard-launches-open-banking-partnership-with-unzer/
