Connect with us

Friday 5th March, 2021

ADVERTISEMENT

Fintech

Visa Joins CaixaBank, Global Payments And Worldline Startup Programme

Published

on

Visa has joined Zone2boost, an investment startup programme created by CaixaBank, Global Payments and Worldline, according to a finextra report.

Visa joins the international innovation initiative following its first year of activity with more than 300 start-ups assessed, eight start-ups incorporated into its acceleration programme and a committed investment volume of €800,000.

Companies receiving investments span a wide range of financial and e-commerce activities, driving innovation through the use of cutting edge technologies like blockchain and AI.

Visa will contribute to the programme by helping selected startups to scale and enrich their products and by contributing to investment funding.

Eduardo Prieto, managing director of Visa in Spain, comments: “At Visa, we continually evaluate technology of all kinds, especially those that have the potential to improve our clients’ digital payments user experience.

“So we are looking for investments that really extend our reach to the global commerce ecosystem and Zone2boost is a great opportunity to identify new collaboration prospects.”

The time period through which the entrepreneurs are supported varies from six months to two years, throughout which the new companies may evolve from very early stages to a level that can allow them to successfully access the market through A and B investment rounds.

In total, Visa, CaixaBank, Global Payments and Wordline intend to invest €3 million through Zone2Boost by 2022.

Share Post
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech

Facebook And Google Eye Indian Digital Payment Network

Published

on

Facebook and Google are teaming up with Indian firms, Infibeam and Reliance Industries on an application to set up a national digital payment network in the South Asian country, according to the Economic Times.

The Reserve Bank of India has invited companies to create new umbrella entities (NUEs) that build payments networks that offer an alternative to the bank-owned not-for-profit National Payments Council of India.

Citing sources, the Economic Times says that Google, Facebook, conglomerate Reliance and fintech firm Infibeam are at an advanced stage in submitting their plan to the central bank.

Google and Facebook (through WhatsApp) are already significant players in the fast-growing Indian digital payments market.

Another American giant, Amazon, is rumoured to have teamed up with ICICI Bank to explore its own NUE play. The Reserve Bank is expected to award two licences.

 

Share Post
Continue Reading

Fintech

MoneyGram Suspends Ripple Pact Over SEC Suit

Published

on

MoneyGram has suspended trading on Ripple’s platform over concerns about the latter’s litigation with the Securities and Exchange Commission, according to a Finextra report.

In 2019, Ripple agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that has seen the old-school money transfer player tap the blockchain startup’s XRP digital currency for cross-border payment and foreign exchange settlement.

Ripple has effectively been paying MoneyGram to use its on-demand liquidity service, with the money transfer outfit seeing a “net expense benefit” of $12.1 million from Ripple market development fees in the first quarter of 2020.

However, late last year the SEC filed a regulatory lawsuit against Ripple Labs Inc. and two of its executives, alleging that they “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.”

The complaint mentions the MoneyGram arrangement, although not the company by name, saying: “The Money Transmitter became yet another conduit for Ripple’s unregistered XRP sales into the market, with Ripple receiving the added benefit that it could tout its inorganic XRP ‘use’ and trading volume for XRP.”

Reporting its fourth-quarter results, MoneyGram now says: “The Company is not planning for any benefit from Ripple market development fees in the first quarter. Due to the uncertainty concerning their ongoing litigation with the SEC, the Company has suspended trading on Ripple’s platform.”

Share Post
Continue Reading

Fintech

Opera Prepares For Roll Out Of Fintech Banking Service

Published

on

Opera, an Internet company is moving into financial services with the launch of Dify, an in-browser cashback service and digital wallet for online shopping.

Launching first in Spain, the initial version of the Dify app ships with a current account, a free virtual debit card issued by MasterCard, as well as Google Pay support for offline spending.

The company intends to expand the service across the EU, where it currently claims 50 million active users.

The business developments that preceded the launch included the January 2020 acquisition of Estonian banking-as-a-service startup, Pocosys and takeover terms for the buyout of Lithuanian digital bank Fjord Bank.

“The total size of Opera’s investment into Dify is expected to exceed $100 million over the next few years, given we scale as expected,” says spokesperson Krystian Kolondra, EVP browsers & EEA fintech at Opera.

“This includes acquisitions, development cost and our marketing and distribution plans.”

The first version of the Dify app will allow consumers to receive eCommerce cashback for purchases made on partner websites accessed through the Opera browser.

Partner brands, which include Nike, Sephora and Asos, will appear in a new shopping-related tab on the Opera browser.

Says Kolondra: “Every day millions of people shop online and make their payments using the Opera browsers. With Dify, we are making the browser and a superior wallet work better, together, to improve users’ shopping experience and also make it financially rewarding.”

In the future, Opera’s plans include offering more wallet services like savings management, credit, investment opportunities and instant cashback.

Share Post
Continue Reading
HOME18 hours ago

WhatsApp Launches Video And Voice Calls On Desktop Version

TechExtra18 hours ago

FG Empowers South East Persons Living With Disabilities With Digital Skills

TechExtra1 day ago

Google Unveils Flutter 2.0 To Target Developers Across All Platforms

TechExtra1 day ago

Google To Stop Sale Of Ads Based On Tracked Individual Browsing History

TechExtra1 day ago

Try Your Luck! Japanese Billionaire Looking For 8 Lucky Passengers For Moon Voyage

Business1 day ago

AfDB Provides $320,000 In Grant To Mainstream Gender In ECOWAS Digital Financial Operations

BROADCASTING1 day ago

GOtv Customers To Enjoy Up To 32% Discount This March

Telecoms2 days ago

BREAKING: FG Approves Establishment Of SIM Swap Centres By MNOs, Extends Enrolment Licence Tenure

Fintech2 days ago

Facebook And Google Eye Indian Digital Payment Network

BROADCASTING2 days ago

MultiChoice Talent Factory Kicks Off The Year With Acting For Camera Virtual Masterclass

Business2 days ago

Nnamdi Azikiwe Int’l Airport Abuja Named Best Airport In Africa By ACI

Business2 days ago

BREAKING: Crowdyvest Exits EMFATO Holdings, Raises New Investment

Business4 days ago

Nigeria DigitalSENSE Forum 2021 Gets June Date

TechExtra4 days ago

Technology Boost: Presidency Directs FIRS To Remit NASENI Statutory Cash

BROADCASTING4 days ago

Nigeria’s Digital Switchover: Fresh Missteps Loom

Telecoms7 days ago

Minister, Stakeholders At Senate Public Hearing, Affirm Health Safety Of 5G

BROADCASTING7 days ago

Manchester United Partners StarTimes To Offer MUTV In Africa

Business7 days ago

Panelists Seek Digital Scale-Up In Africa To Unlock Untapped Creative Economies

TechExtra7 days ago

NCC Partners eBusinessLife On Girls In ICT Campaign 2021

Telecoms7 days ago

ATCON Hails Publication Of Book On Nigerian Telecoms Law & Regulation

BROADCASTING10 months ago

ENTERTAINMENT: ‘Turn Up Friday With Pepsi’ Premieres On Africa Magic Channels

Telecoms8 months ago

(APPLY): NCC Invites Proposals For Telecoms-Based Research Innovation 2020

BIG STORY7 months ago

One Year As NITDA’s DG: How Kashifu Abdullahi Is Transforming Nigeria’s IT Landscape (Part 1)

Business8 months ago

Samsung May Not Include Chargers With Some Phones Starting 2021

BROADCASTING7 months ago

MultiChoice Now Offers Auto-Renewal On Subscriptions To DStv & GOtv Customers

BROADCASTING8 months ago

StarTimes Announces Subscription Price Increase, Addition Of New Channels

Innovation10 months ago

NITDA Pledges Full Support To Nigeria’s Tech Community For Innovation Against COVID-19

Business8 months ago

BREAKING: Crowdyvest Holdings Changes Name To EMFATO Holdings

BROADCASTING10 months ago

Group Rejects MultiChoice Proposed Tariff Hike In DStv, GOtv Services

BROADBAND8 months ago

Maska, NCC’s Executive Commissioner Chairs Ministerial Broadband Implementation Steering Committee

Opinion7 months ago

One Year At NITDA: Kashifu As A Vindication Of Youth Excellence In Governance

BROADCASTING7 months ago

MultiChoice Adds ESPN To Dstv And Gotv Sports Offering

BROADCASTING9 months ago

MultiChoice Begins Broadcast Of uLesson Educational Content On DStv, GOtv

Business10 months ago

After Okada Ban, Opay Confirms Shift To Delivery, Puts Motorcycles Up For Sale

BROADCASTING7 months ago

Watch The English FA Cup Final Live On GOtv Max As Arsenal And Chelsea Trade Tackles

Business10 months ago

Konga Inks Partnership With Unilever, Offers Household Products With Free Delivery Nationwide

BROADCASTING9 months ago

MultiChoice To Add Netflix And Amazon Prime Video To Its Stable

Business8 months ago

Valentine Chime Appointed Vodacom Business Nigeria MD

BIG STORY7 months ago

One Year As NITDA’s DG: How Kashifu Abdullahi Is Transforming Nigeria’s IT Landscape (Part 2)

Innovation6 months ago

Ericsson, UNICEF Launch Global Partnership To Map School Internet Connectivity

Advertisement

Trending