Marcel van Oost
Mastercard CFO Critiques India's UPI System
India's Universal Payment Interface (UPI) has garnered both praise and criticism from the global payment giant, Mastercard.
At a recent UBS conference, Mastercard's CFO, Sachin Mehra, commended UPI for its role in digital transformation. However, he expressed concerns about its long-term financial viability.
What is UPI?
Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸
Good morning FinTech Fanatic!
Let's start the day with news from the US where Apple Wallet now allows Discover US credit card customers to view their card balance and transaction history, following a functionality already launched in the UK.
The feature is part of the iOS 17.1
FinTech Market Map Colombia 2023
In the latest edition of Finnovista FinTech Radar Colombia, 90 new startups have been identified in the country, signaling a vibrant and burgeoning FinTech landscape.
However, the environment is not without its challenges, as indicated by the cessation of operations by 50 Colombian startups in the analyzed period, translating to
FinTech Market Map Chile 2023
In the latest edition of Finnovista Fintech Radar Chile, a striking development emerges in the Chilean fintech scene with the identification of 121 new startups, underlining an energetic and evolving digital finance market.
However, the industry also witnessed a significant challenge: a mortality rate of 21.2% over the past
Revolut's Rebrand and FTX's Night of Battling a $1 Billion Crypto Robbery Attempt
Good morning!
As the trial of FTX's disgraced founder Sam Bankman-Fried enters its second week, I'll start todays news update with two related crypto stories:
The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers.
FTX's
Brazilian Instant Payments system Pix is setting mind blowing records🤯
Good morning!
In a vital financial maneuver, UK "challenger" bank Metro Bank has secured its future amidst unsettling reports and share slumps by acquiring £325m in new funding and refinancing £600m of its debt. Jaime Gilinski Bacal, the Colombian billionaire, becomes a pivotal player, holding a 52% stake