Jack Dorsey's payments company wants to reach a younger demographic while also giving adults more reasons to use its peer-to-peer service.
Latam Fintech PayU says it will hit $8 billion and 300 million transactions in 2021. PayU says it has experienced an 80% user growth since 2019. PayU is a is the payments and Fintech business of Prosus and a leading online payment service provider, operating
African FinTech Chipper Cash closed a $150 million Series C extended funding round at a more than $2 billion valuation, according to media reports.
The Jiko app is still available for consumers to download, and the company plans to keep enhancing its features, but its main use will serve as a "showroom" for Jiko's technology, CEO Stephane Lintner said.
New York City mayor-elect Eric Adams plans to take his first three paychecks in bitcoin, in the politician’s latest move to give Miami a run for its money as one of the country’s top destinations for crypto enthusiasts.
The ultimate goal is for Visa Direct to become “the de facto most efficient, secure money movement network on Earth”.
As installment lending becomes more popular, regulators in the U.S., Europe and Australia are considering new restrictions or taking action against lenders.
A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan.
The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.