As one of the globally renowned leaders in Value-Added Services (VAS) and technological solutions, Monty Mobile is expanding its capabilities from Tech to FinTech, with Chairman Mountasser Hachem pursuing new ventures, landing the digital banking solution “MyMonty” which is envisioned to become the largest in the world”. MyMonty believes in partnerships with banks in order […]
FinTech
The Covid-19 pandemic paved the way for a comprehensive technological adoption to push digital payments platforms to reach thousands, if not millions, of users in Africa, with the adoption of contactless means to conduct transactions. What was once perceived as a luxury for making payments now has become a necessity for the sustainability of Africa’s […]
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later” is now available for purchasing […]
Popular investment and trading platform Robinhood stated that “limited information” had been stolen during a cyber-attack targeting the company last week but highlighted that among them were thousands of personal phone numbers. Robinhood said on Tuesday, that the list obtained by the hackers, which contained email addresses for about five million people and full names […]
Robinhood Markets Inc. announced Wednesday its latest alteration to its share distribution, allowing firms issuing shares via the IPO Access platform to reserve stock for certain associates to the company, according to Reuters. The trading platform’s Directed Share Programs (DSP), also referred to as “friends and family” offer, delivers workers, consumers, vendors, and various other members […]
The global financial sector is witnessing an ever-growing change shaping Europe’s banking infrastructure into an increasingly competitive market. Open banking proved to people how it can alter financial services to accommodate their needs; all while fostering a continuing digitalization of modern life as Fintech companies set the stage for simplified yet optimized solutions to deliver […]
Profits at payments giant Visa Inc. jumped in its most-recent quarter, driven by consumers and businesses getting back to spending on their credit and debit cards after the pandemic. The San Francisco-based company said Tuesday that it earned $3.58 billion in its fiscal fourth quarter that ended Sept. 30, or $1.65 a share. That’s was […]
It’s one of the downsides of apps that make things like ordering food or buying stocks and cryptocurrencies easier: What happens when something goes wrong? It’s often a frustrating chase, tapping through menu after menu in hopes of reaching a person to fix the problem. It’s also something that upstart companies upending the investment and […]
Multinational credit card company Mastercard announced on Monday a new collaboration with the Digital Transformation Agency (DTA) as it implements plans to create digital identities and age verification system, a move that will manifest the company as a leading digital identity service provider in Australia. The Trusted Digital Identity Framework (TDIF) will be a unison […]
China’s central bank will soon have access to the private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector. Huabei, Ant Group’s credit service, said in a statement that consumer credit data it has collected will be included […]