News

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers. The EC says it has made the commitments offered by Apple legally...

Egypt’s net foreign assets recorded the first surplus in over two years in May at $14.3 billion, up from April’s $3.7 billion deficit, revealed the latest Central Bank of Egypt (CBE) data. Egypt’s net foreign assets have witnessed an...

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed an agreement to invest $500 million in Hong Kong Chaoshang Group, an investment holding company. The investment includes $100 million in five-year convertible debentures and $400 million...

South Africa’s leading digital bank, TymeBank, has successfully raised $77.8 million in a pre-Series C funding round. The round was co-led by African growth-stage investor Norrsken22 and global impact investment firm Blue Earth Capital. This increase of capital brings TymeBank’s total...

Datapro, a provider of core banking systems and digital solutions, has collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro’s customers throughout...

Temenos, the banking software company, today announced a collaboration with Visa, a world leader in digital payments, to integrate Visa Direct, a Visa money movement solution, with Temenos Payments Hub and make available to banks via Temenos Exchange,...

Lenovo, the global technology powerhouse, is launching a new Open Banking at checkout service for its customers in the UK and continental Europe. The checkout technology will be provided by Trustly, the global leader in open banking payments. Lenovo is...