Former Mastercard EVP Kush Saxena appointed as new CEO of PagoNxt Merchant Solutions
Kush Saxena will step into his new role in mid-June.
Kush Saxena will step into his new role in mid-June.
Xpate says legacy IT platforms threaten the efficiency and profitability of merchants and acquirers.
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
The app will be developed further with new services being added on to it in due course.
Founded in 2005, Payoneer enables “borderless payments and growth” for digital businesses.
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
The company has raised $57 million in total funding to date.
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
Ghazali is currently group CEO of Cradle Fund and has previously worked at RHB Investment Bank.
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Through the partnership, the firms will deliver a new digital banking platform in North America.
The funding will be used to scale its business in Europe and the US.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The news follows a string of layoffs in the fintech space in recent weeks.
WealthKernel will assist Alpher with its core investing infrastructure.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across North America.
The deal is expected to close in the second half of 2022 pending regulatory approvals.
The new funding takes the company’s valuation up to $1.7 billion.
A new cartoon illustrating the potential economic risks surrounding asset-backed stablecoins.
The firm says it limits business to Bitcoin, Ethereum and stablecoins, and serves around 500 “select clientele”.
Evolve will support the full range of Marqeta’s card programme management capabilities.
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
The voluntary guidelines are directed at financial institutions, payment service providers and merchants.
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
The new platform will integrate all of NatWest’s front office legacy systems.
Mega Bank will deploy Avaloq’s core platform to digitalise its private banking business.
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
Singapore’s ADDX has now raised approximately $120 million in funding to date.
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
The round was led by Tencent with participation from existing investors.
Caribou will use the new funding to invest in its platform, expand its team and develop new products.
M1 will deploy Thought Machine’s Vault Core to launch products from one unified, coherent “source of truth”.
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
TransferMate will use the funding to expand its teams globally and develop its technology and product offering.