Page 13 - Fintech News Today

With support from American Express’ longtime CEO Ken Chenault, the founder of fintech Bilt Rewards has become a billionaire creating a membership rewards program for apartment and home renters across the country.

The Central Bank of Mauritania has commissioned Giesecke+Devrient (G+D) to design a digital form of the national currency Ouguiya as a complement to cash.

Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States.

Indian fintech firm BharatPe has launched BharatPe One, an all-in-one payment product that integrates a point of sale (POS), QR code, and speaker into one device. The product will be launched in 100 cities in the first phase and 450 cities over the next six months. BharatPe One offers versatile payment options, including QR code, tap-and-pay, and traditional card payment.

Named UPI Switch, this product from Razorpay will be cloud-based and is designed to enhance success rates by 4-5% and can manage up to 10,000 transactions per second (TPS).

NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.

Payment processing provider Episode Six and DCS Card Centre (DCS), Singapore-licensed financial institution, has announced a partnership that will enable fintech companies to issue their own branded credit cards through their own customer interface.

According to Yubi, this collaboration will offer Indian exporters and importers access to secure, uncollateralized funding for international transactions, addressing the persistent challenge of collateral requirements.

The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

The company in a statement said it plans to launch the product in about 100 cities in the first phase. It will further scale it to around 450 cities over the course of the next 6 months