FinTech Focus: Catch latest developments of the week

By Delisha Fernandes

January 05, 2024

Bumper
Digital Payments
Fintech news

Social media platforms can offer insights helping FinTech and digital payments companies analyse consumer behaviour and preferences, the most critical factors in present times, as well as trends in the industry.

With the ever-evolving digital landscape, it has become imperative for financial institutions to offer services that cater to the changing needs of consumers, and channels of interaction like social media can bridge that gap.

Similarly, numerous financial technology companies utilise social media platforms to make announcements pertaining to product offerings, mergers, partnerships, and other developments to garner wider attention and better reach their target audience.

Let’s look at the top six announcements made by the FinTech bigwigs this week:

Bumper

Bumper has completed a $48 million funding round with investors Autotech Ventures, Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures, and Revo Capital

National Bank of Pakistan

NBP and Nanopay Corporation have entered into a strategic partnership facilitating the Pakistani community in Canada to send remittances to their loved ones in Pakistan.

NetCents Technology

NetCents Technology, a cryptocurrency payments company, has partnered with FIS/WorldPay, one of the world’s largest global payment processors. This partnership amplifies our ability to innovate and extend our reach into new markets to respond to the ever-growing demand for cryptocurrency payment solutions, solidifying NetCents’ position at the forefront of digital payment transformation and emphasizing our commitment to shaping the future of how businesses transact.

PSCU

PSCU and Co-op Solutions are thrilled to announce that we’ve closed our deal to combine! The combination agreement met all customary closing conditions and was overwhelmingly approved by Owners and shareholders of both CUSOs.

Surfboard

Surfboard Payments, and Worldline have joined forces to offer businesses across the Nordics unparalleled payment solutions. This collaboration will bring together Surfboard Payments’ payment terminals, SoftPOS solutions, hardware logistics and loyalty platform with Worldline’s expertise in acquiring, processing, and fraud prevention.

Triterras

Triterras, a FinTech company focused on digital trade and supply chain finance has announced a strategic alliance with Oman-based Mamun, to provide short-term lending solution to MSMEs and white-label Kratos, our trade finance platform to banks in the Sultanate of Oman.

Also read: IBSi FinTech Journal March 2024 Edition

January 05, 2024