The Weekly Wrap: all you need to know by Friday COB | December 13th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Worldline, a global payments solution, has announced a strategic partnership with Forthcode, a Software as a Service (SaaS) platform provider, to provide in-flight payment solutions using its Android POS machines in India.

Ancillary revenue is an integral component of any airline’s operations, but without digitisation, managing it manually becomes time-consuming. The collaboration between Worldline and Forthcode addresses this problem and, through an integrated platform, combines in-flight retail, inventory management, and payment solutions with Worldline’s Android POS.

The integrated platform is a cloud-hosted Software as a Service (SaaS) solution designed to manage complete operations, catering management, and onboard sales. This digitalisation and automation will create a seamless and scalable solution for any airline. A reliable POS solution helps airlines generate additional revenues; transactions are quick, and reconciliation is automated.

Deals of the week

• Mynt raises $23m in Series B to expand Spend Management Solution in Europe
• Ayan Capital bags $3.6m to expand Islamic FinTech solutions in the UK
• audax & Tuum launch scalable BaaS solutions for financial institutions
• Avanti Finance raises $14.2m in Series B1B2 round from Dia Vikas Capital
• Revolut applies to be New Zealand’s First Global Digital Bank
• FirstOntario Credit Union taps Temenos to elevate digital banking experience
• ICICI Bank & CBA team to boost India-Australia Trade Corridor
• Zopa bank raises €80m ahead of current account launch
• Norway’s Vipps first to launch Apple Pay alternative on iPhone

Be on the lookout for

The Asian Financial Forum (AFF) 2025 will be held on January 13-14, 2025, at the Hong Kong Convention and Exhibition Centre in Wan Chai, Hong Kong. This high-level conference is jointly organised by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council. AFF 2025 will bring together influential policymakers, regulators, and business leaders to discuss emerging drivers and innovative strategies poised to become the next growth engines for the global economy. The forum will cover a broad array of trending topics, including capital markets, Web3 & virtual assets, climate actions, sustainable investing, family offices, and sovereign wealth funds.

Signature sessions such as the Main Plenary Session, Policy Dialogue, Global Economic Outlook, and CIO Insights will return, providing deep dives into investment approaches and strategies. The event will also feature the AFF Deal-making sessions, facilitating one-on-one meetings between project owners and investors, and an exhibition showcasing technologies and innovative business ideas across various sectors. AFF 2025 aims to foster collaboration, drive innovation, and shape the future of the financial industry.