Markets

PayRetailers, a payments processor in Latin America and Africa has announced the acquisition of payments FinTech platform Transfeera. The deal received approval from both the Administrative Council for Economic Defense (CADE) and Brazil's central bank (BCB). The companies revealed that...

The world’s leading B2B cross-border trade payment platform, XTransfer, has announced a new partnership with OCBC, the second-largest financial services group in Southeast Asia. This partnership aims to offer small and medium-sized enterprises (SMEs) better cross-border payment solutions. XTransfer and...

Bank of America, JPMorgan Chase, and Wells Fargo are facing accusations of using inadequate safeguards on Zelle, the payment platform they co-own. According to the Consumer Financial Protection Bureau (CFPB), these shortcomings have resulted in substantial losses for Americans. The...

The fast changes in the payments sector have led UK regulators to review their teamwork. The Bank of England, Prudential Regulation Authority, Financial Conduct Authority (FCA), and Payment Systems Regulator revised their Memorandum of Understanding (MoU) for payment systems. According...

Coinbase has issued a response to a lawsuit from BiT Global, a company linked to Justin Sun. The disagreement began after Coinbase decided to remove wrapped Bitcoin (wBTC) from its platform on December 19. BiT Global argues that this decision...

PalmPay, a leading Africa-focused fintech, and Jumia, a top e-commerce platform in Africa, announced a strategic partnership to improve the digital payment ecosystem in Africa. This collaboration will focus on integrating PalmPay’s payment system with Jumia’s online marketplace and co-marketing...

Crédit Agricole and Spanish financial services company Santander have agreed that Crédit Agricole will acquire Santander’s 30.5% share in Caceis, an asset servicing provider. The company said the deal is expected to be completed next year, subject to regulatory approval....

The popular trading company easyMarkets has decided to continue its partnership with Real Madrid C.F. Both entities signed the agreement in 2020, and the renewal was confirmed during a special event. easyMarkets’ Chief Executive Officer, Nikos Antoniades, and Real Madrid’s...

OEXN, a global provider of financial solutions, announced a strategic partnership with KlipC, a well-known trading technology provider. This collaboration aims to offer better tools and services for traders by combining OEXN’s financial infrastructure with KlipC’s advanced technology. Both companies...

Binance.US has shared a plan to bring back US dollar (USD) services next year. Norman Reed, the company’s temporary Chief Executive Officer, explained that the firm hopes to allow people to withdraw and deposit US dollars by early 2025. This...

Defunct CFD broker Union Standard International Group (USG) and its two former partners, TradeFred and EuropeFX, were involved in “systemic unconscionable practices” between 2018 and 2020. This led to a loss of more than AUD 83 million (around USD 51.7...

Chargeback management company Justt has raised $30 million in a Series C funding round to grow worldwide. The round was led by Zeev Ventures, with help from existing investors F2 Venture Capital and Oak HC/FT. Now holding a total of...

Chime Financial Inc., a company known for its free banking services, is getting ready for an Initial Public Offering (IPO) in 2025. According to people close to the matter, Chime has sent a confidential document to the US government. While...

Geoff Robinson, a former UBS investment analyst, has introduced a new educational app that uses his digitally cloned voice and AI-powered expertise to guide self-directed investors. The app is part of his website, theinvestmentanalyst.com. Robinson said that this smart tool...

New Zealand’s Commerce Commission has announced a plan to reduce the fees businesses pay for accepting Mastercard and Visa payments. The Commission shared its draft decision on Wednesday, December 18, and is asking for feedback from both businesses and shoppers...