Indonesia’s PAYFAZZ raises $53m in its Series B

Indonesia-based PAYFAZZ has reportedly raised $53m in its Series B round which was led by B Capital Group and Insignia Venture Partners.

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.

Nigerian FinTech Wallets Africa closes funding round as it looks to boost growth in...

Nigerian-based FinTech Wallets Africa, which gives consumers an app to manage their money, has closed a new investment round as it looks to grow its presence in Africa.

How will the Wirecard scandal affect the FinTech sector?

The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.

Cybersecurity risk for cryptocurrency wallets revealed

The alarm has been sounded regarding a vulnerability in some of the world's most popular cryptocurrency wallets.

Zimbabwe bans mobile payments over accusations of “economic sabotage”

Digital payments and trading on the stock exchange has been suspended in Zimbabwe in response to what President Emmerson Mnangagwa’s government called “criminality and economic sabotage," Reuters reported.

Pockit accounts are back in service after FCA lifts Wirecard restrictions

Neobank Pockit was one of the FinTech startups that had to halt its services after the Financial Conduct Authority (FCA) froze all of Wirecard's regulated activities, but now it is back in business.

FCA allows Wirecard to resume operational activities

Last week the UK's top financial markets watchdog ordered Wirecard to freeze all of its regulated activities in the country. Now it has lifted the ban.

Curve is up and running after moving “Heaven and Earth” to migrate its services...

On Late Monday afternoon Curve announced that some of its services were back after having shut them down because of their affiliation with Wirecard.

Telegram forced to return $1.2bn to investors that backed its cryptocurrency project and pay...

Telegram's battle with the American authorities has ended with the social media app agreeing to pay back all the proceeds made from its cryptocurrency project and to pay a hefty fine.

News Stories

Lloyds Bank taps Minna Technologies and Visa for new digital bank subscription management tool

Lloyds Bank has announced that its customers will soon be empowered to better view, manage and amend their subscriptions through its banking app.

Opera to acquire digital bank Fjord Bank

Browser provider Opera is looking to buy challenger bank Fjord Bank in a bid to further accelerate Opera's European FinTech operations.

FinTech unicorn Marqeta prepares for IPO

Rumours about Marqeta going public have found new energy as sources say the payment card issuing startup is in talks with investment banks for an initial public offering (IPO).

Wirecard’s Dublin office raided by police

Irish police raided failed payments technology giant Wirecard's Dublin offices at the end of last week.

Nicolas Weng Kan has been named as smart money app Yolt’s new CEO

Nicolas Weng Kan, the former Google Compare and Confused.com CEO, has been named as the new head honcho of smart money app Yolt.