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Worldline opens Metaverse shopping mall

/crypto

Worldline opens Metaverse shopping mall

Payments firm Worldline is making it easier for firms to enter the metaverse with a white-label shopping mall.

WhatsApp gets Brazilian green light for business payments

/payments

WhatsApp gets Brazilian green light for business payments

Brazil's central bank has given Meta-owned WhatsApp the go-ahead to let users make payments to businesses through its app.

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

/retail

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

Fintech industry body Innovate Finance has called on regulators to extend open banking to support the deployment of budgeting and affordability algorithms as a way to help Brits with the cost-of-living crisis.

FCA grants UK e-money license to Payoneer

/payments

FCA grants UK e-money license to Payoneer

Cross-border payments firm, Payoneer, has gained its Electronic Money License (EMI) with approval from the Financial Conduct Authority (FCA).

India's PhonePe raises $100m at $12bn valuation

/payments

India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

Standard Chartered and Allinpay partnership enables cross-border QR payments

/payments

Standard Chartered and Allinpay partnership enables cross-border QR payments

Standard Chartered Bank and Singaporean company Allinpay have enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

Checkout.com shakes up leadership to take on Stripe

/payments

Checkout.com shakes up leadership to take on Stripe

Online payments firm Checkout.com has announced changes to its leadership team as it prepares its strategy to bolster US expansion and take on Stripe.

Brazil celebrates 2 years of open finance

/payments

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

Egypt's MNT-Halan hits unicorn status

/retail

Egypt's MNT-Halan hits unicorn status

Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.

Climate-tech outfit Greenspark raises £1m

/sustainable

Climate-tech outfit Greenspark raises £1m

Climate-tech startup Greenspark has raised £1 million in a seed funding round led by Fuel Ventures.

Pokémon-playing fish commit credit cod fraud

/payments

Pokémon-playing fish commit credit cod fraud

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

Bolt lays off another 10% of workforce

/payments

Bolt lays off another 10% of workforce

Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year.

Ex-Plaid product lead launches e-commerce payment processing platform

/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

Stripe scores major Amazon deal

/payments

Stripe scores major Amazon deal

Stripe has become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.

Alibaba sells $126 million stake in Paytm

/payments

Alibaba sells $126 million stake in Paytm

Chinese e-commerce giant, Alibaba Group, sold a 3.1% stake in the Indian digital payments firm, Paytm, via a block trade on Thursday.

Walmart fintech unit preps BNPL play

/payments

Walmart fintech unit preps BNPL play

Walmart-backed fintech One is planning to launch a buy now, pay later product, according to CNBC.

MangoPay buys Nethone to help marketplaces fight fraud

/security

MangoPay buys Nethone to help marketplaces fight fraud

MangoPay, a European payment technology provider for marketplaces and platforms, is buying AI fraud detection and prevention company Nethone.

Klarna launches platform to connect retailers and influencers

/retail

Klarna launches platform to connect retailers and influencers

Klarna has launched a platform that connects retailers with creators and influencers that can help them reach their target markets.

Appetite growing for embedded finance in mobility sector - Solaris

/payments

Appetite growing for embedded finance in mobility sector - Solaris

Research conducted by Solaris and the Handelsblatt Research Institute explores how embedded finance opportunities are opening up in the European mobility sector.

GoTo Group cuts 12% of staff

/people

GoTo Group cuts 12% of staff

Indonesian tech group, PT GoTo Gojek Tokopedia Tbk, has announced that it will layoff 12% of its staff, amounting to 1,300 employees.

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