FinTech Archives - FortuneZ

Visa Calls off $5.3B Plaid Acquisition over Antitrust Concerns

January 13, 2021

Payments giant Visa has called off its decision to acquire fintech startup, Plaid for $5.3 billion following the backlash it faced over antitrust concerns from the US regulators, the companies officially anno...

Walmart to Launch New Fintech with Ribbit Capital Partnership

January 12, 2021

American retail giant Walmart Inc has announced on Monday that it is forming a fintech company that will “develop and offer modern, innovative and affordable financial solutions.” The new venture will be for...

Revolut Applies for UK Banking License

January 11, 2021

Challenger bank Revolut, which is now operating as an e-money institution, has applied for a banking license in the United Kingdom earlier this month. The London-headquartered bank confirmed that it submitte...

SoFi Takes SPAC Route for Public Listing with $8.65B Valuation

January 8, 2021

Online lending platform Social Finance, popularly known as SoFi, confirmed on Thursday its decision to go public with a merger with Chamath Palihapitiya-backed blank-check acquisition company. The merger dea...

Citi to Launch Lending Services on Grab App in Southeast Asia

January 4, 2021

Citi has partnered with south-east Asian company, Grab to offer consumer lending from the latter’s application using the bank’s new API. Citi is one of the region’s largest credit card issuers, and now it ha...

Conotoxia Introduces Lending Service for Users

December 30, 2020

Conotoxia, a multi-currency financial services provider, announced today that its customers are now allowed to take out a multi-currency loan through Conotoxia’s platform. Users are required to launch an appl...

PaySafeCard Added as a Payment Option in Microsoft Store

December 23, 2020

Paysafe Group, a global payments provider, expanded its partnership with yet another tech giant, activating its paysafecard as a payment option in the Microsoft Store in 22 countries. While there are several...

Delasport Adds Praxis Cashier’s Services to Streamline Payments

December 23, 2020

Praxis Cashier announced on Wednesday that Delasport, a sports betting and casino platform provider, will integrate its smart cashier technology services. This partnership, according to Praxis, will allow De...

Santander’s PagoFX Starts International Payment Services in Spain

December 21, 2020

Banco Santander’s subsidiary platform, PagoFX has launched its cross-border money transfer service to Spanish residents, it announced on Monday. Operated by PagoNxt, the service will allow the Spanish reside...

Roxe Ties with N2Xpress for Blockchain-Based Remittance Pilot

December 17, 2020

Roxe, the payments clearing and settlement network, announced on Thursday its partnership with N2Xpress for piloting remittance services to beneficiaries in Nigeria and India. This move, according to the com...