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Tencent Sells Stake in Tide

Tencent Sells Stake in Tide

Hey FinTech Fanatic! Chinese technology giant Tencent has recently divested its stake in the British neobank Tide, marking a strategic pullback from its international investment ventures. The shares were sold to undisclosed buyers, signaling a shift in Tencent's global investment approach. Tencent, globally recognized for its super-app WeChat,

X Adds ‘Payments’ Button: A Step Towards Becoming a Financial Hub

X Adds ‘Payments’ Button: A Step Towards Becoming a Financial Hub

TGIF! 😉 Today's news highlight comes from the US where X is nearing the launch of a payment service, adding a “Payments” button to its navigation bar, TechCrunch reported, citing independent app researcher Nima Owji. Owji also found mentions of transactions, balance, and transfers. This development follows X Payments

Klarna Considers Secondary Sale to Boost IPO Prospects

Klarna Considers Secondary Sale to Boost IPO Prospects

Hey FinTech Fanatic! Klarna, the Swedish “buy now, pay later” firm, is preparing for a major IPO next year. Before that, it is exploring a secondary share sale to see if investors value it above its last valuation of roughly $7 billion. Goldman Sachs is advising the company on this

Monzo Hits 10 Million UK Customers as Kuda's Revenue Triples

Monzo Hits 10 Million UK Customers as Kuda's Revenue Triples

Hey FinTech Fanatic! Monzo has reached a significant milestone, surpassing 10 million personal customers in the UK. This achievement comes after Monzo's first full year of profitability, a major funding round, and several new product launches. With this growth, Monzo now serves 1 in 5 UK adults and

Rappipay Withdraws from FinTech License Pursuit

Rappipay Withdraws from FinTech License Pursuit

Hey FinTech Fanatic! Rappipay, a subsidiary of Colombian unicorn Rappi, has decided to withdraw its application for an Electronic Payment Funds Institution (IFPE) license under the FinTech Law. This aligns with the closure of its debit account service, Rappicuenta, announced earlier this year. Currently, Rappi focuses on Rappicard, its credit

New Regulations Demand Stronger Protections Against APP Fraud in the UK

New Regulations Demand Stronger Protections Against APP Fraud in the UK

Hey FinTech Fanatic! The UK's Payments Services Regulator (PSR) has released new data highlighting the urgency of forthcoming regulations aimed at combatting authorised push payment (APP) fraud. Starting October 7, UK payment providers will be mandated to reimburse victims of APP fraud for claims up to £415,000,

The Success Story of WhatsApp Payments in Brazil

The Success Story of WhatsApp Payments in Brazil

Hey FinTech Fanatic! Claro receives over 500,000 postpaid customer bill payments via Pix each month through WhatsApp Pay, a native payment feature in WhatsApp officially launched in early June for large companies. Claro was among the first to adopt this feature, announced on the day WhatsApp Pay was launched