Mitigating Digital Fraud in Africa: A Holistic Approach to Combating Emerging Threats
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Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
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Western Union to buy Singapore mobile wallet Dash
Launched in 2014, the Dash wallet lets users pay, remit, save, invest and insure from one app. Open to anyone in Singapore, regardless of their telco or bank provider, it has over 1.4 million users.
Sohini Rajola, head, Asia Pacific, Western Union, says: “Our business in Singapore is a unique blend of branded digital services and owned locations, serving citizens and residents across the country.”
Singtel says the sale – subject to regulatory approval – is part of its strategy of focusing on its core business.
Read more: https://www.finextra.com/newsarticle/44951/western-union-to-buy-singapore-mobile-wallet-dash
Klasha partners EasyTransfer to power tuition payments for international students from Africa
Klasha, a leading global cross-border payment company, is excited to announce its new partnership with EasyTransfer, a Singapore-based global education fintech company. This partnership will facilitate easier global tuition collection from international students in many African currencies. EasyTransfer provides innovative solutions for processing international school fees at transparent and affordable rates. It needed a payment partner capable of enabling collections in local African currencies and payouts in hard currencies such as USD to serve its African clientele better.
By collaborating with Klasha, EasyTransfer can now provide international students from Africa with more cost-effective payment solutions. This partnership facilitates the collection of local African currencies and enables payouts in hard currencies like the US dollar at more preferential rates.
Read more: https://technext24.com/2024/10/24/klasha-easytransfer-tuition-students/
Mastercard Enhances Product Express Platform for Quick and Transparent Card Program Launches
Mastercard has expanded its Product Express platform to accelerate fintech innovation across Africa, the Middle East, Europe, North America, and select markets in Latin America. This move is aimed at streamlining the process for fintech companies to launch card programs quickly, through a simplified and transparent approach.
The Mastercard Product Express platform is specifically tailored to support fintechs by providing the necessary tools, resources, and partnerships required to reduce time-to-market. It helps companies scale by offering a seamless process to develop and roll out card programs that meet their unique needs.
Afin Bank lands AwR banking licence, plots 2025 launch of mortgage offering for UK’s African diaspora
The company’s loan offering will include residential and buy-to-let (BTL) mortgages for people from Africa living and working in England and Wales.
BTL mortgages will also be available for real estate investors based in Ghana, Sierra Leone and The Gambia who are looking to purchase property in the UK.
Afin plans to start delivering its specialist lending services from an undefined date next year through intermediaries and its digital app, subject to regulatory approval.
12 Swiss Firms to Showcase Expertise at Singapore Fintech Festival 2024
Twelve Swiss companies representing various aspects of the Swiss financial system will participate in the Singapore Fintech Festival 2024 (SFF 2024), held from 6 to 8 November at the Singapore Expo.
This marks the eighth year of Swiss presence at the festival, organized under the Swiss Pavilion by Switzerland Global Enterprise (S-GE) and the Swiss Business Hub South East Asia + Pacific.
The Swiss delegation aims to demonstrate the strengths of their fintech industry, emphasizing Switzerland’s reputation for trustworthiness, quality, and innovation.
Read more: https://fintechnews.ch/fintech/swiss-pavilion-sff-2024/72929/
CFPB orders Apple and Goldman Sachs to pay combined $89m over “Apple Card failures”
CFPB director Rohit Chopra says the US regulator is ordering Apple to pay a $25 million penalty, while Goldman Sachs has been ordered to pay “at least $19.8 million in redress to affected consumers and a $45 million penalty”.
In a statement made on Wednesday, the CFPB claims it found that “Apple failed to send tens of thousands of consumer disputes of Apple Card transactions to Goldman Sachs, and when Apple did send disputes to Goldman Sachs, the bank did not follow numerous federal requirements for investigating the disputes”.
The CFPB says in its statement: “Apple and Goldman launched Apple Card despite third-party warnings to Goldman that the Apple Card disputes system was not ready due to technological issues. These failures meant that consumers faced long waits to get money back for disputed charges, and some had incorrect negative information added to their credit reports.”
