Sberbank and others are looking to China’s state-backed UnionPay to combat Visa and Mastercard’s exit from Russia.
Insider Intelligence spoke with David Sykes, head of Klarna’s North America division.
Tencent’s WeChat lowered its SMB fees in response to a government directive, and CBDC adoption may complicate business further.
UK fintech limits freelancers’ income see-saw: SteadyPay, which bagged a $5 million Series A, extends no-interest loans to gig-economy workers that they can access during months when they have lower income.
Proposed crypto mining freeze in New York gains traction: Legislation to freeze mining that uses proof-of-work (PoW) and fossil-fuel plants for three years got two new sponsors in the state assembly.
Companies in several markets are offering crypto products that act like bank accounts, and regulators have taken notice.
Worldline partnered with Japan-based Vesca to process digital payments, which can give it an early mover advantage as cashlessness grows.
Zeller’s stats should worry incumbents: The Australia-based SMB neobank said it signed up more than 10,000 customers—and that 80% of them switched from established banks.
It will bring back transfers between the countries through Walmart2Walmart, focusing on low transaction fees.
Europe’s trading app space is crowded, but it’s not full: France-based Shares and UK-based Freetrade each plan rollouts one the continent and might not need a first-mover advantage.
Visa will help expand credit lines and security measures for Tribal Credit’s business cardholders across Latin America.