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Banque Misr to issue prepaid card in association with Money Fellows and Mastercard

Mastercard announced a collaboration with Money Fellows, a mobile app for money circles, also known as ROSCA model (Rotating Savings and Credit Association) and Banque Misr to launch Money Fellows prepaid card in Egypt.

/payments

KCB and Mastercard unveil Kenya's first platinum multi-currency card

KCB Bank Kenya, in collaboration with Mastercard, has launched Kenya’s only multi-currency prepaid card that supports 11 hard currencies.

Tink, Adyen and Recharge bring Pay by Bank to Germany

/payments

Tink, Adyen and Recharge bring Pay by Bank to Germany

Prepaid payments platform Recharge is to provide customers in Germany with Pay by Bank options in a partnership with Tinka and Adyen.

Visa and Mastercard face multi-billion pound lawsuit over interchange fees

/payments

Visa and Mastercard face multi-billion pound lawsuit over interchange fees

Commercial litigation firm Harcus Parker is reaching the final stages of preparation for commencement of a multi-billion pound class action lawsuit over interchange fees charged by Mastercard and Visa.

Visa and DealMe team on cross-border instalment payments

/payments

Visa and DealMe team on cross-border instalment payments

Visa has joined forces with fintech DealMe to let Vietnamese shoppers visiting South Korean pay for purchases using card instalment payments.

/retail

Nu Mexico hits 10 million customer milestone

Five years after launching its first product in Mexico, Nu announced today that it has reached 10 million customers in the country, doubling its customer base over the past 12 months.

/payments

PayDo releases physical and virtual cards

PayDo, a UK and EMI-regulated fintech company, announces the launch of its latest offering: PayDo Cards.

/payments

UAE-based expense management firm Pluto raises $4.1 million

Pluto, UAE’s leading corporate card and expense management platform, has announced the successful raise of US$4.1 million in a pre-Series A funding round.

/payments

Ally Financial sells credit card business to CardWorks

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of Dec. 31, 2024.

/security

Idemia launches new smartphone enrollment for biometric payment cards

As card issuers strive to provide their customers with more convenient, high-security payment options, biometric payment card technology continues to advance.

FCA to remove £100 contactless limit

/regulation

FCA to remove £100 contactless limit

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

/payments

Trading212 expands into Europe with support from Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is powering Trading 212’s launch into 20 countries in continental Europe.

/startups

Aslan secures $5m for employee pay platform

Aslan, the next-generation financial wellbeing solution, today announces its oversubscribed $5m (£3.9m) seed funding round.

Highnote raises $90m; expands into merchant acquiring

/payments

Highnote raises $90m; expands into merchant acquiring

Card issuance and programme management platform Highnote is moving into US merchant acquiring after raising $90 million in Series B funding.

/payments

Mastercard takes on Pakistan's cash on delivery culture in collaboration with FoodPanda

Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s transition toward a cashless economy.

/payments

Bunq debuts Mastercard benefits for European SMEs

bunq, the second-largest neobank in Europe, announce their expanded collaboration with Mastercard, as the challenger bank introduces a range of benefits for its small business (SME) users across Europe.

/payments

JCB grows UK acceptance in collaboration with Dojo

JCB, Japan’s only international payment brand, and DOJO, a London-based payment technology provider, today announced a strategic partnership to enhance JCB’s card acceptance across London and the rest of the UK.

Barclays and Synchrony Financial in the running to take over Apple's credit card business

/payments

Barclays and Synchrony Financial in the running to take over Apple's credit card business

Apple is reportedly in talks with Barclays to replace Goldman Sachs as its credit card issuer.

Mastercard to pay $26 million to settle gender and race bias class action suit

/people

Mastercard to pay $26 million to settle gender and race bias class action suit

Mastercard is to pay $26 million to settle accusations that for years it underpaid famale, black and hispanic employees.

/payments

Bluefin integrates with Visa Platform Connect

Bluefin, the integrated payments pioneer in PCI-validated Point-to-Point (P2PE) encryption and tokenization services that protect payments and sensitive data, today announced the integration of their international payment gateway to Visa Platform Connect.

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