By Gloria Methri
FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology is increasingly intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models.
This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector.
Let’s take a look at the six biggest announcements made by FinTech bigwigs this week:
Since our first license acquisition 12 years ago, we have gradually introduced our comprehensive payment solution to markets around the world. Today, we are excited to officially announce that we are processing payments in India and building our technology center in Bangalore.
Upvest partners with Deutsche Bank, one of the world’s leading financial services providers! This strategic partnership gives Upvest customers access to comprehensive end-user cash management solutions, virtual IBANs and foreign exchange services through Deutsche Bank.
FIS is excited to announce a new collaboration with Neural Payments, an alumnus of the FIS accelerator that significantly streamlines the process of sending and receiving peer-to-peer digital payments.
By leveraging its global scale and NYCE debit rails, FIS banking customers will be able to integrate Neural Payments whitelist features directly into their mobile banking apps, unlocking efficiencies for the consumer modern and reducing friction in an increasingly digitalized economy.
Flutterwave merchants in Africa can now accept American Express payments! AmEx card members with consumer, business or corporate cards can make direct payments to e-commerce businesses using Flutterwave in Nigeria.
This service will also soon be available to Flutterwave online businesses in Tanzania, Rwanda, Ghana and Uganda.
Klarna is on a mission to disrupt retail banking and we’re taking a BIG step forward. Introducing two new features, Klarna Balance and Cashback, to transform your daily spending and saving habits.
With Klarna Balance, you can store money directly from your bank account, earn cashback when you make purchases in the Klarna app, and manage refunds for returned items more efficiently. Our cashback feature rewards you for your purchases in the Klarna app.
Network International is excited to partner with Citi to serve our global enterprise customers with our market-leading e-commerce and in-store digital payment solutions. Together, we will help global companies accelerate their growth in the Middle East and Africa.
Also read: NextGen Core Banking: The Future of Banking in Q3 2024