Indian fintech Cashfree rakes in $35m to scale payment offerings
Indian fintech firm Cashfree has secured $35m in its Series B funding round to scale its payments infrastructure and foray…
Remittance giant Western Union boosts availability of real-time payouts
Western Union has expanded the availability of real-time digital payouts into 100 countries, covering billions of bank accounts. The firm unveiled its plan to expand real-time payout into bank accounts,…
UnionPay, ADIB team up to offer contactless payments in UAE
China’s UnionPay International (UPI) has forged a partnership with Abu Dhabi Islamic Bank (ADIB) to enable contactless payments across the UAE. Under this partnership, UnionPay has enabled its card and…
Saudi Arabia’s stc pay in talks with regulators for Gulf expansion
stc pay, the digital payments unit of Saudi Telecom Company (STC), is in talks with Gulf regulators to expand its financial services offering across the region. The move comes shortly…
Entersekt and Cellulant partner to deliver safer mobile banking in Africa
Entersekt, a major player in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial technology company. The partnership will further enhance Cellulant’s cybersecurity by proactively…
Western Union to invest $200m in digital payments arm of Saudi Telecom
Western Union has inked a definitive agreement to acquire a 15% stake in stc pay, the digital payments unit of Saudi Telecom Company. Under the agreement, the cross-border payments giant…
Swiss online retailer Galaxus makes peace with payments provider Twint
Switzerland-based e-commerce company and Digitec owner Galaxus is now allowing its customers to use the payments app Twint to make purchases. The companies were in a spat over commission fees…