back Back

The Weekly Wrap: all you need to know by Friday COB | September 8th

By Puja Sharma

September 08, 2023

  • ATM
  • B2B payment
  • Deals of the Week
Share

The Weekly WrapThe 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

The Unified Payments Interface (UPI) has emerged as India’s fastest-growing payment method, revolutionising the way people transfer money. It is a mobile-based payment system that enables users to make instant fund transfers. In a significant development, a UPI ATM machine was recently unveiled at the Global Fintech Festival in Mumbai.

This innovative UPI ATM introduces the concept of cardless cash withdrawals, eliminating the need to carry physical debit or credit cards to traditional ATMs. Instead, customers can utilise UPI apps to withdraw cash directly from their bank accounts. This new feature is being hailed as a “game changer” by internet users, as it promises greater convenience and security in the world of digital finance.

Deals of the week

  • TRAY & Alraedah team to boost digital transactions for SMEs in MENA
  • LSEG expands in Malaysia with the inauguration of new flagship office
  • Akur8 raises another $25m and introduces new investor FinTLV
  • Indian Bank & OneCard tie up to launch metal co-branded credit cards
  • Mangopay and Kriya partner to elevate B2B payment experience
  • Nagad & TerraPay partner to ensure cross-border remittances to Bangladeshi emigrants
  • ThetaRay raises $57m for AI-powered financial crime detection
  • MyZoi secures $14m to boost financial inclusion
  • NatWest adopts low code tech for Payments Modernisation
  • J.P. Morgan chooses Network International as acquiring partner in the Middle East
  • Mastercard & Fintech Saudi partner to accelerate digital transformation
  • Temenos launches Generative AI solution for banks
  • Paytm launches ‘Card Soundbox’ for domestic & international payments

Be on the lookout for

This year Sibos returns to Toronto, bringing together thousands of participants from 18 – 21 September 2023 to debate the theme of ‘Collaborative finance in a fragmented world’.

Hundreds of expert speakers will address issues such as working together to create a sustainable and inclusive financial industry, risk management in times of economic and geopolitical uncertainty, and the balance between technology and trust.

Alongside the unmissable conference programme, the Metro Toronto Convention Centre will host more than 180 exhibitors and a number of networking events to enable you to meet peers from around the world. As one of the largest financial centres in North America, featuring a wealth of banking and financial institutions and a flourishing FinTech hotspot, Toronto is an ideal venue for Sibos 2023.

Previous Article

September 08, 2023

LXME’s women centric RuPay ‘Dream Card’ debuts at GFF 2023

Read More
Next Article

September 08, 2023

HUAWEI Mobile Services & Mobily Pay to enhance digital payments in Saudi Arabia

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 08, 2024

How India Borrows 2024: Aspirational Loans, EMI Cards & Mobile Banking Soar

Read More

November 08, 2024

MeaWallet introduces Click to Pay for safer, faster online shopping

Read More

November 08, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More