Tag: FinTech

One of the country’s leading financial technology companies said noncash and digital transactions were the preferred means of payment for online shopping amid the COVID-19 pandemic. PayMaya founder and CEO Orlando Vea said e-wallets, cards and bank transfers reached more than 50 percent of all online buying in the country. He was citing data from Read More

Mastercard today launched its Global Cyber Forward program in partnership with Dubai International Financial Centre (DIFC), the leading global financial center and largest fintech hub in the Middle East, Africa and South Asia (MEASA) region. Governments, financial institutions and businesses around the world have been facing an increase in cyber threats as people and businesses Read More

Digital bank N26 is on course to double its Irish customer base in 18 months as it expects to hit the 200,000 Irish customer milestone this quarter. That marks an additional 100,000 customers signing up to the German based fintech since January 2020. The digital bank captured strong growth across its markets in Europe and the Read More

Key Points N26 said losses at its core European business fell to 110 million euros ($133 million) in 2020 from 165 million euros the previous year. The fintech start-up, which has raised a total of $800 million to date, is looking at deploying its war chest of funds to buy another firm. The Berlin-based company Read More

The traditional FSI business model is looking threadbare – and not only because of the pandemic. Some players are seeking new territory by transitioning to subscriptions. As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: Read More

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract. Glenn Hutchins, co-founder of global technology investment firm, Silver Lake, dismisses the long-held belief that bitcoin’s primary use is for criminal activity. Hutchins explains Read More

From a separate regulatory authority to formalisation of cryptocurrency, here’s what fintech startups and companies are expecting from Budget 2021. Industries across the board are holding out hope that Finance Minister Nirmala Sitharaman's Union Budget this year will bring them much-needed reprieve from the pain caused by the COVID-19 pandemic and jump-start consumption.   However, Read More