D24 Fintech Group reports its financial technology solutions are now operating in more than 100 countries. The company collaborates with partners across Europe, Asia, the Middle East and Africa, it said in a press release emailed to PYMNTS. “Our technology is designed to bridge the...
Payroll payments provider Papaya Global reportedly added Citibank as a sponsor bank, joining the company’s other sponsor, JPMorgan Chase. The relationship with Citi will enable Papaya Global to expand to new geographic regions, Payments Dive reported Monday (March 10), citing its interview with Papaya Global CEO Eynat Guez. With the addition...
While digital wallets are gaining traction globally, a surprising divide has emerged in the United Kingdom. Businesses rapidly adopt digital wallets for international transactions, but consumers lag. This raises a critical question: Why aren’t more consumers embracing these wallets if they offer such efficiency? The...
Digital payments have sparked interest in how traditional banking institutions, particularly in the U.S. and U.K., are partnering with FinTech companies. This is crucial in the area of cross-border payments, where consumers and businesses want faster, more efficient and more cost-effective methods for transferring funds...
Digital remittance company Leap Financial has integrated the global money movement solution Visa Direct to streamline the direct delivery of funds to eligible cards, bank accounts and digital wallets worldwide. With this integration, Leap Financial’s white-label digital remittances platform enables financial and non-financial institutions to offer seamless...
Cross-border payments startup Nala is attempting to raise $120 million in its next funding round. The Tanzania-based company aims to reach that goal by selling an equity stake of 10% to 15%, Bloomberg reported Wednesday (Feb. 26). Nala founder and CEO Benjamin Fernandes said the...
Ace Money Transfer is partnering with Mastercard Move, Mastercard’s suite of money movement solutions. Through Mastercard’s platform, Ace’s customers in Australia, Canada, Europe and the United Kingdom can make transfers to India, Denmark, Norway, Sweden and other countries in the Single Euro Payments Area (SEPA),...
Lili added international wire payments to its financial platform designed for small business owners. The company’s international wire payments solution enables its small business customers to both receive and send international payments in 27 countries across North America, Europe and Asia, Lili said in a...
Amid uncertainty around U.S. tariffs, Shein and Temu are reportedly working with their suppliers to move production out of China. The eCommerce firms are doing so as the Trump administration considers the future of the de minimis exemption that allows packages worth less than $800...