A Brief History of Disruption – Through the Eyes of a Blockchain Startup
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. “Will blockchain disrupt my industry?” is one of the most asked questions since the technology’s inception in 2008. And rightfully so. With transparency and increased security being at the core of the blockchain concept, solving many […]
Svea Finland chooses open banking platform Nordic API Gateway to improve e-commerce checkout game
Copenhagen, 20th of January 2021: Today, the payment service provider Svea and open banking platform Nordic API Gateway announces a new partnership that is set to boost the checkout game for a wide range of merchants in Finland through Nordic API Gateway.As the EU directive, PSD2, is set to simplify the payment ecosystem across Europe, […]
ONE Insurance Chooses IXOPAY
IXOPAY to provide full payment support for ONE Insurance ONE Insurance Ltd., an online insurance provider based out of Liechtenstein, has chosen the leading payment orchestration platform IXOPAY to provide an optimal payment experience to its customers. IXOPAY’s architecture is designed to give merchants the best payment processing options for each transaction, with its intelligent […]
Konsentus acquires Open Banking Europe from PRETA
UK, 18th January 2021: Konsentus announced today that it has acquired Open Banking Europe S.A.S. from PRETA. Open Banking Europe S.A.S., a 100% owned subsidiary of Konsentus Limited, will remain a separate operating entity which will continue to be led by John Broxis. The software solutions of Open Banking Europe will be directly integrated into the […]
UBS in talks to invest $400 million in India’s Paytm
UBS is in talks to invest $400 million in Indian digital payments startup Paytm, according to Bloomberg. A fund run by UBS’s asset management arm is in discussions to buy a stake in Paytm alongside some of the Swiss bank’s clients, according to people close to the talks. UBS is negotiating the purchase of Paytm […]
Visa, Plaid call off $5.3 billion deal
(Reuters) – Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a “a monopolist in online […]
Walmart launches fintech startup to build digital financial products for customers, employees
Walmart (WMT), the world’s largest retailer, announced on Monday that it is launching a financial technology (fintech) startup in partnership with Palo Alto, Calif.–based venture capital firm Ribbit Capital, a backer of Robinhood, Credit Karma and Affirm. The new fintech company, which will be majority-owned by Walmart, aims to “develop and offer modern, innovative and […]
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also an investor in rival payments giant Stripe — lifting its valuation to $15 billion. That’s almost three times the $5.5 billion Checkout.com was worth in […]
Grab’s fintech arm raises $300m in round led by Hanwha
“Grab, the Southeast Asian US$15 billion ride-hailing and food delivery giant backed by SoftBank and Uber, is accelerating its expansion into financial services with a new fundraising by its fintech subsidiary. Grab is betting on growing demand from the region’s rising class of merchants and consumers,” reported The Information. The ride-hailer’s fintech unit, Grab Financial Group, […]
Fintech in the midst of global pandemic: Predictions for 2021
As the world is anxiously anticipating the arrival of long-awaited vaccines and people are hoping that the new 2021 will bring things back to normal, we are asking ourselves what the future of the global fintech industry might look like in the next twelve months. When the majority of the world’s population was forced to […]
