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Enigmatic Smile acquires Fidel API's loyalty business

Fidel API Holdings Limited (“Fidel Limited”), the holding company of Fidel API, a fintech transaction infrastructure platform, has completed an asset sale of its loyalty business to Enigmatic Smile (“ES”), a global reward technology facilitator.

/payments

Payhawk joins American Express Sync Commercial Partner Programme

Payhawk, a global spend management solution for domestic and international businesses throughout the U.S., U.K., and Europe, today announced a new integration with American Express to offer U.S. Business and Corporate Card Members the ability to issue virtual cards with built-in spend controls and manage business spend globally – all while earning the rewards of their eligible American Express Card when making virtual Card payments.

Mastercard harnesses AI to take on scammers

/security

Mastercard harnesses AI to take on scammers

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

/cloud

Visa joins AWS partner network

Visa (NYSE: V), a world leader in global digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise and tools to build solutions and services for customers.

RBI bars Kotak Mahindra from digitally onboarding new customers

/regulation

RBI bars Kotak Mahindra from digitally onboarding new customers

The Reserve Bank of India has ordered Kotak Mahindra Bank to stop onboarding new customers via digital channels and to pause issuing new credit cards because of failures with the lender's IT systems.

OakNorth partners Marqeta to offer SMEs commercial debit cards

/payments

OakNorth partners Marqeta to offer SMEs commercial debit cards

UK small business lender OakNorth has teamed up with Marqeta to offer commercial debit cards to its customers.

/payments

Ouro partners Bnext as strategic issuer for European expansion plans

Ouro, a global consumer financial services and technology innovator, and Bnext, a pioneering Spanish fintech, today announced a strategic partnership designating Bnext as Ouro’s strategic issuer in Europe for Ouro’s portfolio of consumer financial brands and products.

/Cards

Episode Six and DCS Card Centre launch Cards-as-a-Service platform for fintechs

Payment processing provider Episode Six and DCS Card Centre (DCS), Singapore-licensed financial institution, has announced a partnership that will enable fintech companies to issue their own branded credit cards through their own customer interface.

UniCredit rolls out accessible cards for visually impaired

/payments

UniCredit rolls out accessible cards for visually impaired

UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.

Pomelo raises $35m for credit-building remittance product

/startups

Pomelo raises $35m for credit-building remittance product

US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.

/payments

Sopra Banking Software taps Paymentology for card issuing services

Sopra Banking Software (SBS), a leading provider of banking software solutions, and Paymentology, a global issuer processor, are thrilled to announce a transformative strategic partnership aimed at delivering comprehensive card issuing services within SBS's next-generation SBP Digital Core platform.

/payments

SoftSpace opens JCB payment gateway in malaysia

Soft Space Sdn. Bhd. (Soft Space), the world’s leading fintech-as-a-service (FaaS) provider, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. (JCB), announced the launch of the first ever JCB payment gateway in Malaysia.

/payments

Clearhaus to enter UK market via Manchester-based fintech Ryft

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces.

Mastercard launches virtual card app to simplify travel and business expenses

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

Wagestream raises £17.5m

/inclusion

Wagestream raises £17.5m

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

/payments

Marqeta to deliver branded debit to early wage access vendor Rain

Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances.

Ramp sees valuation bounce back on $150 million raise

/payments

Ramp sees valuation bounce back on $150 million raise

Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.

/payments

Fime to support set up of UAE’s domestic card scheme Jaywan

Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a key role in the establishment of the UAE’s domestic card payment scheme, named Jaywan.

PayPal Ventures leads €18 million series A extension in Pliant

/payments

PayPal Ventures leads €18 million series A extension in Pliant

PayPal Ventures has led an €18+ million Serie A extension for Berlin-based corporate card platform Pliant as it prepares for expansion into the UK.

TokenEx and Ixopay to merge

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

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