LATEST NEWS: Important developments in fintech which have a far-reaching and significant impact.
Velo and Mastercard partner up: In an attempt to revolutionise business payments, Velo can now operate as a buyer and supplier of Mastercards Track Business Payments Service. This service allows for the exchange of payments-related data between buyers and sellers, all while being integrated with Velo, thereby providing a promising solution to outdated B2B transacting.
Findr: To help startups and their founders find partners in the early stages. Majority of startups, 9 out of ten, fail in year one due to the lack of established partnerships. Through the use of AI, findr can match with commercial partnerships covering retail, financial institutions, and investors and through a few clicks, a couple of hours for due process, and finalised in days instead of the industry average of 12-18 months.
JP Morgan extends Tpay Mobile acquirers banking services to Payguru: Cryptocurrency exchanges: Coinbase and Gemini have for the first time been accepted as clients by the largest bank in the USA. JP Morgan will handle cash-management and dollar-based transactions for the exchanges’ US-based customers. 4
One of the leading merchant acquirers and mobile payment enablers in the Middle-East and Africa announced the 100% acquisition of one of Turkey’s leading payment service providers. Tpay will now leverage the established partnerships with banks and telecoms in the region to further expand its services and geographic reach.
