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Nuvei and Plaid extend partnership to expand pay-by-bank


Canadian FinTech Nuvei and Plaid have extended their global partnership to support businesses by accepting bank-based payments for multiple use cases, including recurring payments and payouts, and to serve additional verticals within the e-commerce landscape. Nuvei and Plaid plan to scale their partnership globally before the end of the year. Nuvei’s global reach, including local acquiring in 47 markets,

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MODIFI secures $100m debt facility with HSBC Innovation Banking UK


MODIFI, a global cross-border trade payments company, has secured a $100 million line of credit with HSBC Innovation Banking UK to continue its growth. MODIFI helps exporters and importers to facilitate their international business. Through its digital platform, the company allows vendors to receive payments instantly while giving buyers the option to defer payment for

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FIS sells Worldpay to GTCR at $18.5b valuation


FIS, a global financial services technology company, has announced that it has entered into an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction that valued Worldpay at $18.5 billion. The agreement will allow for more centralized management and simplified operations for

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Marqeta announces expansion into Brazil with Fitbank partnership


Marqueta, a global card issuance platform, has announced an expansion into Brazil. The company cooperates with Latin American banking platform Fitbank and certifies the network with Visa As part of Marqeta’s partnership with Fitbank, the company will be a Marqeta customer, use it as a payment processor, and will act as a BIN sponsor for

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Francisco Partners Acquires Macrobond from Nordic Capital; Focuses on Growing its Global Presence


Francisco Partners, a leading global investment firm specializing in partnerships with technology companies, today announced the acquisition of Macrobond, a leading financial data and technology innovation company, from Nordic Capital, one of Europe’s leading private equity investors. Macrobond founder Tomas Liljeborg will continue as chief executive officer and remain an important shareholder of the company.

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Mastercard uses AI to flag real-time payment fraud for UK banks


Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and

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Visa and SAP partner to enhance enterprise payments


Visa announced that it has partnered with SAP to streamline and simplify business-to-business (B2B) payments for businesses. The Asia-Pacific-focused partnership marks the first time Visa and SAP have teamed up to offer a way to integrate payments into the SAP ecosystem through the SAP Business Technology Platform (SAP BTP). . This partnership sets the stage

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Chapa & Telegram team to enhance digital payments in Ethiopia


Chapa, a payment solutions provider in Ethiopia, has announced a partnership with Telegram to enable merchants using Telegram to seamlessly accept payments from customers, including financial and digital payments. digital in Ethiopia. Chapa’s integration with Telegram’s bot ecosystem allows merchants to accept payments without requiring customers to leave the app. Whether it’s mobile money, bank

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Alfii secures $2.5m pre-seed funding to launch FinTech-powered HR Platform


Dubai-based technology startup Alfii has announced an upfront funding of $2.5 million to expand its team and further expand its FinTech-based HR automation platform. The round was led by Preface Ventures, a venture capital firm focused on US-based infrastructure companies. Kayan Ventures, UAE-based Aditum Ventures and Wayfinders, and a number of local and regional angel

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TransUnion & NatWest expand Credit Score Service for UK consumers


TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit – a retail banking credit reporting service to all eligible UK consumers. The new service builds on the bank’s existing engine, which has seen over five million NatWest and Royal Bank of Scotland customers access their TransUnion credit scores through the