The Emirates Development Bank said Wednesday (Dec. 29) that since the bank launched its Business Banking App in September, more than 500 United Arab Emirates-based small- to medium-sized businesses (SMBs) and startups have opened accounts within a 48-hour window. EDB’s Business Banking App offers access...
Next year could bring food supply disruptions and empty grocery store shelves to people in the U.K. thanks to new EU border controls, British food industry officials are warning. As The Telegraph reported Wednesday (Dec. 29), the British Frozen Food Federation (BFFF) says stricter controls...
Israeli FinTech PayMe is planning to expand into the European market, capitalizing on a change in regulations that have led to a “gold rush.” As The Jerusalem Post reported Wednesday (Dec. 29), the company hopes to offer its services to small business-focused platforms, organizations and...
The days of paying for things by check in the Bahamas could be coming to an end. The country’s central bank on Tuesday (Dec. 28) said in a press release it had begun consulting with banks, credit unions and other payment providers on a strategy...
Indian FinTech Slice on Tuesday (Dec. 28) said it’s planning to hire almost 800 new employees next year, canvassing its operations, design, product and engineering departments, according to a Business Standard report. “At Slice, we are constantly looking for young talent, whether that are freshers...
Card acceptance firm UnionPay is collaborating with financial services company VNPay and payments platform ECPay to give shoppers in Vietnam the ability to make contactless Quick Response (QR) Code payments at over 60,000 merchants. Huiming Cai, general manager, UnionPay International (UPI) Southeast Asia, said in...
China’s Ant Group plans to close its Xiang Hu Bao mutual aid platform next month, a move that comes as the country’s government continues its crackdown on FinTech companies. As the South China Morning Post reported Tuesday (Dec. 28), the platform, whose name means “protect...
Global economic output will top $100 trillion for the first time next year. China, however, will need a bit longer to reach the top of the world’s economies. That’s according to a report by the British consultancy Cebr, which predicted China will supplant the U.S....
Recent data from Dealroom, supported by France’s startup movement La French Tech, has revealed that the combined enterprise value of French startups founded since 2000 was €179 billion in 2021 — up 17.7x since 2010. With 31 homegrown unicorns — firms with a valuation of...