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Latest Results from /payments

/payments

Ghana pilots blockchain-based credentials and CBDC for global trade

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

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Bank of England calls for input on payments innovation

The Bank of England is seeking input from the private sector on its roadmap for innovation in money and payments.

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Westpac starts offering debit cards to eight-year-olds

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

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Bank of Lithuania puts halt on new customers for local paytech Kevin

The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.

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Transactions database TigerBeetle raises $24m

Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.

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Fintech acceleration partner archie adds ekko and wamo to portfolio

A new fintech "acceleration partner" chaired by Atom and Metro Bank co-founder Anthony Thomson has added its first two portfolio companies, backing SME banking and payments firm wamo and climate-focused outfit ekko.

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Egypt's MNT-Halan raises $157.5m for regional push

Egyptian fintech unicorn MNT-Halan is prepping regional expansion after securing around $157.5 million in funding.

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Bank of Israel selects 14 teams to present use cases for digital shekel

The Bank of Israel has assembled 14 teams from the private sector, the public sector, and academia to study potential use case for a digital shekel.

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Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

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FTC investigates 'surveillance pricing' based on customer data

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

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Tim Berners-Lee unveils data wallet

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.

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UK open banking hits 10 million users

More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.