ClearBank and Tide team receive £60m grant to support UK SMES
ClearBank and Tide have formed a partnership to help UK SMEs recover from the coronavirus crisis.
Commerzbank cuts 4,300 jobs in company revamp that will see it “invest significantly in...
Frankfurt-based Commerzbank will reduce its workforce by 4,300 people and close 200 branches amidst struggles with falling revenues.
MasterCard launches payments service for Chinese students
MasterCard is making it easier for Chinese users to pay for tuition and other costs in the US through a new partnership with online payments service Plastiq.
Nordea launches FinTech fund, invests in Betalo
Nordea Bank is set to launch a venture capital fund to invest in FinTech startups, having already backed mobile money company Betalo.
First Data acquires payment processor CardConnect for $750m
Commerce tech and solutions firm First Data is acquiring payments processor CardConnect for approximately $750m.
Ghana aims to topple Kenya as Africa’s most digitalised economy
The vice-president of Ghana has announced an ambitious programme to digitalise the country’s economy.
US Justice Department investigates Visa over debit card practices
Visa is in legal hot water as it faces a regulatory investigation by the US Department of Justice (DOJ) over concerns of whether it is using anticompetitive practices in the debit card market.
Forter cements unicorn status on the back of $125m Series E round
Fraud fighting RegTech Forter has raised $125m in Series E funding and has achieved a $1.3bn valuation in the process.
Surf Bank Brazil picks Paygilant to strengthen its fraud prevention capabilities
Mobile payments fraud-prevention and authentication provider Paygilant has been tapped by digital bank Surf Bank Brazil to help it fight fraud.
AliPay and WeChat granted Hong Kong digital wallet licenses
Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.
