News

B2B Payments
Santander Taps Trovata for Cash Management
August 31, 2022

Santander has tapped Trovata for its cash management solution, Trovata announced in a press release Wednesday (Aug. 31) Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Mobile Payments
Mobile Money Earns Its Stripes in Ethiopia’s Telecom Liberalization
August 31, 2022

Kenya has been at the forefront of Africa’s mobile money revolution ever since Safaricom launched the continent’s first mobile money platform M-Pesa, but Ethiopia has lagged behind its neighbor and other countries in the region. Get the Full Story Complete the form to unlock this...

Investments
B2B Payments Firm Duplo Raises $4.3M in Seed Funding
August 31, 2022

Nigerian payments company Duplo has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria, as reported by Tech Cabal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
SavvyMoney Adds New Client Portal for Bank, Credit Union Partners
August 31, 2022

Integrated credit score solution provider SavvyMoney has launched a new client portal that brings the resources it offers its bank and credit union partners together in one place. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fintech Investments
TimePayment Closes on $375M Credit Facility for Equipment Financing
August 31, 2022

Boston-based FinTech TimePayment announced the closing of a new $375 million revolving credit facility Tuesday (Aug. 30), which will strengthen its capital position and support the continued growth of its sales financing for specialty equipment sellers. Get the Full Story Complete the form to unlock...

Digital Banking
Grab- and Singtel-Backed GXS Launches Digital Bank in Singapore
August 31, 2022

GXS Bank, which is backed by Southeast Asian super app provider Grab and Asian communications technology group Singtel, has launched a digital bank for consumers and businesses in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
SWIFT Launches AI Tool to Predict Cross-Border Payment Problems
August 31, 2022

Financial messaging services provider SWIFT is introducing a new predictive data intelligence capability that determines potential problems with cross-border transactions before payments are sent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fintech Investments
M&A Exits Dim for FinTechs as IPOs Drop 38%
August 31, 2022

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Regulation
California QSRs Push Back Against Wage Bill
August 31, 2022

California’s fast food restaurants are pushing back against a bill that passed in the state Senate Monday (Aug. 29), mandating new standards for fast food workers’ wages, schedules and working conditions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...