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/security

Half of retail investors don’t carry out regular checks when using finfluencers’ guidance

New research from Barclays reveals how half (51 per cent) of Brits who use social media for investment guidance are putting their confidence and money at risk by not always carrying out checks to verify the reliability of finfluencers and their content.

/payments

Paymentology and Union54 to launch virtual debit cards on ChitChat social commere platform

Paymentology, the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54, a company dedicated to providing secure messaging and instant payment systems.

/payments

Mama Money debuts WhatsApp payment card

Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking.

/retail

Etoro to livestream financial education content on X

Trading and investing platform eToro today announces a partnership with X to publish a series of financial education content on X, through livestream events, video on demand and audio Spaces.

/payments

Verestro implements money transfers on Slack

Verestro has implemented a solution that enables fast money transfers and payment settlements on Slack.

/security

FTC reports that scams on social media have accounted for $2.7 billion in reported losses since 2021

New data from the Federal Trade Commission shows that scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method.

/regulation

Federal reserve launches Instagram and Threads accounts

The Federal Reserve Board on Monday launched its Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content.

/regulation

FCA to revamp social media guidance

The Financial Conduct Authority (FCA) plans to take another significant step in its work to combat illegal and non-compliant financial promotions.

/retail

Emirates NBD expands WhatsApp banking channel

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched an enhanced and upgraded version of its WhatsApp banking service, providing customers with a convenient, secure and reliable digital banking experience like never before.

/retail

Claro takes financial wellbeing to WhatsApp

Claro Wellbeing, the financial wellbeing provider, has launched the UK’s first financial wellbeing programme that offers accessible financial education to frontline and deskless workers over WhatsApp.

/payments

WhatsApp and Stripe help Singapore businesses accept payments directly in chats

Stripe, a financial infrastructure platform for businesses, today announced a partnership with WhatsApp that allows Singapore businesses to accept payments directly in WhatsApp chats.

/security

TSB sees huge fraud spikes from Meta-owned companies

TSB – which operates its unique Fraud Refund Guarantee – is warning consumers to remain wary of fraud that is taking place through Facebook, WhatsApp and Instagram – as the Bank reveals scams that come through these Meta-owned companies account for 80 percent of all fraud cases within the three biggest fraud categories at TSB2.

/regulation

SEC charges eight social media influencers over $100 million stock manipulation scheme

The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.

/inclusion

Network International partners Infobip to bring WhatsApp business banking services to Africa

Leading digital payment solutions provider Network International has announced it will bring WhatsApp for Business banking services to financial institutions across Africa through a landmark collaboration with Infobip.

/payments

Stripe powers TikTok's new tips feature

Creators on TikTok entertain over 1 billion people globally - their content brings us joy, makes us laugh, teaches us something new, and offers us a sense of community.

/startups

Denim Social closes $5 million Series B

Denim Social today announced it has completed a $5 million Series B round of financing with FINTOP Capital and partner, JAM FINTOP BankTech, an investment fund designed to help develop and accelerate technology adoption at community banks across the United States.

/payments

Square teams with TikTok

Today, Square and TikTok announced a new integration that will make it easy for sellers of all types and sizes to reach new customers and grow their sales online.

/payments

Vibepay to offer account to account voice activated payments

VibePay, the company powering the next evolution of payments through Open Banking, has become the first to offer account to account voice activated payments in Europe.

/retail

Worldline backs EC's TruBlo project

Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, is leading the TruBlo (Trusted Blockchain) project under the European Commission's "Next Generation Internet" initiative, which aims to provide researchers and companies with funding to develop innovative solutions based on Blockchain technology to address the issue of trust in social media content.

/payments

Telkom launches Africa’s first virtual card for transacting on WhatsApp

Ukheshe, Mastercard, Nedbank and Telkom collaborate to grow access to the digital economy with virtual product that enables secure e-commerce payments on phone.

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