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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).