Barclays and TransferMate are collaborating on a new international receivables solution for U.K. businesses. By leveraging TransferMate’s global payments infrastructure, the new solution will allow Barclays clients operating in British pounds (GBP) to invoice their customers in more than 60 currencies and 67 countries and...
Ant Group may not see progress on its application for a license from China until the second half of the year or later. The Chinese FinTech aims to obtain a financial holding company license and become a fully regulated company, but its efforts have been...
British consumers are feeling more optimistic about inflation. Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% they said they expected in March, Reuters reported Monday (May 1), citing a survey...
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local media and the government, said that 19.7 million rail trips were made in China on Saturday (April 29), the first...
Payment platform dLocal has debuted a new “all-in-one” tool for online businesses. dLocal for Platforms lets dLocal onboard sellers, service providers or contractors to the platform, while dLocal verifies them before paying out, according to a Thursday (April 13) press release. “Everyone selling their services...
Like other industries, the pandemic saw remittance customers shifting from traditional brick-and-mortar environments to the digital space, with some customers using an app to transfer funds and check exchange rates for the first time. According to Jose Ivars-Lopez, U.K. and Ireland country manager at Ria,...
With the Ukraine-Russia crisis, skyrocketing inflation and investor belt-tightening creating a challenging macroeconomic market in Europe, FinTech firms in the region — much like the rest of the world — have struggled to keep business afloat, resulting in massive headcount reductions and hiring freezes. Many...
Brightwell and Visa have teamed up to help customers launch cross-border payments programs. This collaboration enables the use of Visa Direct through Brightwell’s ReadyRemit platform, making it easier for FinTechs, money transmitters, and prepaid and banking providers to enable real-time push payments to 3 billion...
As the global banking and financial services sector take stock after the collapse of Silicon Valley Bank (SVB), there are many lessons to be learned, said Maurizio Caio, founder and managing partner at Africa-focused venture capital (VC) firm TLcom Capital. Apart from the “very basic”...