Wolt has teamed up with Revolut, the global financial super app, to offer a complimentary Wolt+ membership to Revolut’s Premium, Metal, and Ultra paid plan subscribers. This partnership will bring the benefits of Wolt+—including unlimited free deliveries and special discounts—to Revolut users across 17 European countries. With this new benefit, Revolut customers in Austria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Croatia, Hungary, Greece, Lithuania, Latvia, Malta, Norway, Poland, Slovakia, Slovenia, and Sweden will be able to access Wolt+ services at no extra cost. They’ll enjoy free delivery from a wide selection of local restaurants, grocery stores, and retailers, making it…
Author: Editorial Team
Bank of New Zealand (BNZ) has announced its acquisition of BlinkPay, a New Zealand-based fintech company specializing in Open Banking. This strategic move aims to accelerate BlinkPay’s growth and expand its innovative technology and products by leveraging BNZ’s extensive resources. Despite the change in ownership, BlinkPay will retain its independent leadership and decision-making processes. Leaders at BlinkPay highlighted that, as a Māori-led organization, the company brings a unique perspective to financial innovation. The support from BNZ allows BlinkPay to uphold its core values while working toward its mission of making financial services more accessible to New Zealanders. BNZ has been…
Lili has introduced Lili Connect, an innovative Embedded Finance solution tailored to the unique needs of small businesses, integrating banking, accounting, and tax management tools into one streamlined platform. Lili Connect allows partner companies to embed financial management tools directly into their systems, enhancing their clients’ ability to manage finances with ease. With Lili Connect, partner companies can offer a range of services designed for small business owners, including business checking accounts, automated transaction categorization, and tools for invoicing, bill pay, and tax savings. One standout feature, the Tax Bucket, enables small businesses to allocate funds for tax payments, reducing…
Melio, a leading accounts payable and receivable platform for small and medium-sized businesses (SMEs), has raised $150 million in a Series E funding round, bringing its valuation to $2 billion. The funding was led by Fiserv, with participation from Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital. This capital injection will support Melio’s expansion efforts and boost its strategic partnerships across the financial sector. Simplified Cash Flow for SMEs Melio empowers SMEs by streamlining their payment workflows, simplifying cash flow management, and enhancing operational efficiency. Integrating seamlessly with financial institutions, e-commerce platforms,…
In an effort to shield consumers, the Americans for Financial Reform Education Fund (AFREF) and the Consumer Federation of America (CFA) have urged regulators to intensify scrutiny of bank-FinTech partnerships. These calls stem from recent evidence showing that consumers often assume banking-as-a-service (BaaS) products are as safe as conventional banking, leaving them vulnerable to financial risks. Adam Rust, CFA’s Director of Financial Services, stressed the urgency of regulatory intervention. “Banks need to fulfill certain obligations, such as tracking deposits, and avoid profit skimming from fraud and money laundering activities. However, some banks in FinTech partnerships don’t adhere to these standards.…
Global money app Zing has partnered with Visa’s Open Banking platform, Tink, to launch automatic and one-tap top-ups, providing a fast and secure way for users to add funds. Through Open Banking’s variable recurring payments (VRP), Zing members can instantly top up their wallets from seven major UK banks. With Tink’s integration, Zing customers can directly link their bank accounts to their Zing wallet, enabling a smooth, automated top-up experience without requiring reconnection every 30 days. This launch aligns with Zing and Visa’s commitment to evolving customer needs, preferences, and regulatory compliance in a fast-changing financial landscape. Enhancing Convenience with…
Citi has signed a multi-year agreement with Google Cloud to modernize its technology infrastructure by moving various applications and workloads to Google Cloud’s secure and scalable infrastructure. This strategic partnership aims to enhance Citi’s operational efficiency and leverage cloud-based computing for high-performance analytics and artificial intelligence (AI) solutions. Through this collaboration, Citi will utilize Google Cloud’s Vertex AI platform to integrate generative AI into its operations. The initiative is designed to streamline business processes across document management, developer tools, and digital transformation projects, ultimately boosting the effectiveness of Citi’s customer service teams. Citi’s leadership emphasized that the partnership aligns with…
ClearBank, a leader in real-time clearing and Embedded Banking, has partnered with Visa to enhance local and cross-border payment solutions. This collaboration will enable clients to process both domestic and international transactions seamlessly, leveraging ClearBank’s cloud-based banking infrastructure to provide Visa users with real-time payments, increased transaction transparency, and simplified reconciliation across the UK and Europe. Expanded Payment Solutions with Visa Direct In addition to ClearBank’s core capabilities, the partnership will introduce Visa Direct, a comprehensive money movement solution. This feature will support real-time cross-border payments to cards, accounts, and digital wallets in over 190 countries, along with local in-country…
B2C2, a leading crypto-native liquidity provider, has officially integrated OpenPayd’s Embedded Finance capabilities into its global instant settlement network. This strategic partnership aims to enhance the trading experience for clients by facilitating seamless fiat transactions alongside digital assets. Reliable Pricing and Strong Backing B2C2 offers dependable pricing across various market conditions, supported by the reputable Japanese financial services company SBI. With a robust credit profile and extensive regulatory presence, B2C2 ensures that clients can engage with the cryptocurrency market in a secure and compliant manner. Overcoming Traditional Banking Challenges OpenPayd’s global payments and Banking-as-a-Service (BaaS) platform addresses the inefficiencies often…
Network International, a leading digital commerce solutions provider in the Middle East and Africa (MEA), has entered into a Memorandum of Understanding (MoU) with Ant International, a subsidiary of the Ant Group, to enhance digital payment options in the MEA region. This collaboration focuses on accelerating digital transformation, fostering financial inclusion, and expanding e-wallet capabilities for MEA businesses and consumers. As part of this strategic partnership, Network International will integrate Alipay+ Wallet Tech solutions, enabling MEA customers to access a range of advanced e-wallet functionalities. Alipay+ Wallet Tech provides a comprehensive suite of tools for developing e-wallet apps or enhancing…