Understanding NFTs: Cryptocurrency, Blockchain Wallets, and More
You might have heard the term ‘NFT’ with regards to Grimes selling NFT art for millions. The digital artist who goes by the name ‘Beeple’, Mike Winkelmann made headlines earlier in March by selling an NFT for about $69 million to Christie. It’s not just...
PayPal Introduces Buy Now, Pay Later Solution in Australia
Online payment solutions giant PayPal announced that it has launched its buy now pay later solution ‘Pay in 4’ in Australia. The BNPL solution has been launched in a country where buy now pay later giants like Afterpay and ZipPay compete for market share. The...
Global fintech giant Stripe raises $733 million in its latest funding round
In today’s trending financial technology news, Irish-American fintech company Stripe has raised $733 million in a latest funding round. The internationally renowned financial technology firm says that it’ll use the freshly raised capital in efforts to further expand its Global Payments and Treasury Network. The...
6 Different types of cryptocurrencies and why governments fear them
According to Statista, the most famous cryptocurrency Bitcoin saw about 333,000 daily transactions in December 2020. In the same month, Ethereum was processed over 1.1 million times a day [1]. Bitcoin was the first decentralized cryptocurrency or digital currency and was created in 2009. Over...
UK-based Fintech Atom Bank to Raise £40 Mn, Plans for Initial Public Offering
Atom Bank, one of UK’s most innovative fintech banks is set to raise around 40 million pounds from its current shareholders. The retail bank revealed that it will use this capital to fuel its growth. Atom’s Vision The bank has expressed plans to float on...
Eftpos Announces Plans of Rolling Out National QR Code Payments Network
Eftpos, the Australian debit card provider revealed its plans of rolling out a national QR code payment network. The new system will play an important role in providing a seamless payment experience across the point of sale, mobile, and e-commerce platforms in Australia. According to...
Aussie BNPL darling Afterpay partners with US financial services firm Stripe
Afterpay, an Australian buy now, pay later (BNPL) company announced its partnership with the US-based payments platform Stripe. The partnership will enable existing as well as new Stripe merchants to provide Afterpay’s services to their customers. The deal will allow Stripe’s customers to purchase items...
UK Fintech’s Primer Connect: The Next Big Thing in Financial Services
Primer, a UK-based fintech company which is backed up by venture capital firms Balderton and Accel, announced the launch of Primer Connect. Primer Connect is an open application framework that allows third-payments services to build integrations and connections on the Primer platform. According to a report...
British Payments Company TransferWise Rebrands to Wise
After nearly a decade from its inception, TransferWise, a British payments group, is rebranding itself to Wise. With this move, Wise wants to showcase that it is more than a money transfer company. The name change is aimed to highlight the company’s growing range of...
Westpac Announces Digital Banking Partnership with SocietyOne
The Westpac Group announced that SocietyOne as its new partner that is set to join the new digital banking-as-a-service platform developed by the company. The alliance with the Westpac Group is expected to open up new growth opportunities for SocietyOne which provides a range of...
