Category Archives: Payments

The Dutch banking provider Finom has secured $105 million (€92 million) in growth funding from General Catalyst’s Customer Value Fund, the company announced today (Wednesday). The investment will support FINOM’s customer acquisition strategy across Europe without diluting existing shareholders. FINOM Raises $105 Million to Fuel European Expansion This funding comes more then a year after […]

The UK Financial Conduct Authority (FCA) has announced plans to remove the £100 contactless payment limit. This move will allow businesses and consumers more flexibility. The decision follows the success of digital wallets with biometric logins, which currently bypass the limit. The FCA’s plan is influenced by the experience in the US. FCA Plans Open […]

Falcon Finance, a next-generation synthetic dollar protocol backed by DWF Labs, announced it has surpassed $350 million in circulating supply of its overcollateralized digital asset, USDf. This milestone underscores the protocol’s rapid ascent within two weeks from public launch as a credible, transparent, and scalable solution for on-chain dollar demand. The announcement follows a strong […]

The payments industry in Cyprus has a new entrant: Finera, which has launched as a payment orchestration platform, Finance Magnates has learned. The company is already offering the technology to a diverse portfolio of companies. Targeting Businesses of “All Sizes” According to its website, the company aims to offer businesses of all sizes secure, scalable […]

Ecommpay, a global payments platform, has introduced a new design tool aimed at enhancing the payment experience for merchants. This tool, known as the Payment Page Designer, allows businesses to customise various aspects of their payment pages. Earlier, in a related development, Ecommpay entered a strategic partnership with MetaQuotes, the company behind MetaTrader trading platforms. […]

Capital One Financial Corporation (NYSE: COF) has completed its acquisition of Discover Financial Services, culminating a 15-month process that transforms the company into the largest credit card issuer by loan volume in the United States. Capital One Completes Acquisition of Discover The transaction, first announced on February 19, 2024, received final regulatory clearance last month […]

With algorithmic trading now dominating global FX volume and trader expectations at an all-time high, brokers are under growing pressure to provide fast, stable, and always-on infrastructure. In response to this market shift, NYCServers has expanded its Broker VPS Partner Program, offering up to $100,000 in free VPS hosting credits or six months of complimentary […]

Blackbird, Australia’s VC juggernaut joins the Airwallex party with a reported $60M investment as the fintech sits at $6 billion-plus valuation. Blackbird Swoops Blackbird Ventures has finally swiped right on the $6 billion-plus fintech. The VC firm is reportedly investing a hefty $60 million, marking one of its biggest single cheques ever. @blackbirdvc has added […]

The Australian Securities & Investments Commission (ASIC) has mandated that Buy Now, Pay Later (BNPL) platforms obtain credit licenses. Effective June 10, 2025, the credit license must authorize BNPL providers to engage in credit activities as credit providers, subject to transitional arrangements. The new provision was announced today (Friday), as the National Credit Code was […]

Airwallex tapped into its growing cross-border opportunities in Latin America by acquiring the Mexican-based payment service provider MexPago and a payment institution license in Brazil. According to the official announcement, the global fintech giant aims to introduce customized services that will support businesses in these key markets. In Brazil, the company will focus on the […]