Category: Fin Tech
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Number of crypto ATMs installed nears its all-time record
The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines that were removed in 2023. The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As of 2024, there…
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Fintech: Mexico leads as Fintech Hub, with Nubank expansion and Clip’s $100MM
Is Clip’s recent $100MM raise an early indicator of rebound for Mexico’s fintech sector? Clip’s New Funding and the Future of Fintech in Mexico Clip, a leading fintech company based in Mexico City and often compared to Square for its wide range of payment, financial, and commerce software and hardware solutions, announced a new $100 million…
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Who are the fintech leaders in Africa?
Who are the fintech leaders in Africa? Check out Sputnik Africa’s infographic to find out which countries are the ones with the most deals and the largest venture capital funds attracted by fintech startups in 2023.
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Russia will help Africa achieve financial sovereignty through digital currencies
Vice Speaker of the State Duma says Russia “can and should help” African countries achieve financial sovereignty through the mechanism of creating central bank digital currencies, Deputy Speaker of the State Duma Alexander Babakov told Sputnik. 💬”A new payment ecosystem should be built on the basis of innovative financial technologies: high-speed real-time processing, work with…
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Investing
Texas is coming for Wall Street with a new BlackRock-backed stock exchangeNew Yorkpanafrican.email — Texas’ famous longhorns are coming for Wall Street’s bulls. A new national stock exchange, based in Dallas, and backed by Wall Street heavyweights like BlackRock and Citadel, is looking to take on the world-famous New York Stock Exchange and Nasdaq. The newly formed TXSE Group announced its plans to file for registration…
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Who Needs Open Banking When You Have Apple FinanceKit?
In its latest iOS 17.4 update, Apple is offering an API called FinanceKit that allows developers to fetch users’ transactions and balance data from users’ Apple Card, Apple Cash, and Apple Savings accounts. The company made a similar move in the U.K. in November 2023. Launch partners in the new update are online budgeting platforms Monarch, YNAB, and Copilot.…
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PayPal Is Planning an Ad Business Using Data on Its Millions of Shoppers
PayPal is launching an advertising business leveraging its extensive user data to drive growth. The company has appointed Mark Grether, former head of Uber’s advertising unit, as senior vice president and general manager of the new PayPal Ads division. Grether will develop ad formats, oversee sales, and hire staff for the division. Key Developments Strategic Hires…
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All assets acquired corruptly in Zimbabwe and stashed overseas will be uncovered and confiscated, the Zimbabwe Anti-Corruption Commission (ZACC) and the country’s prosecutor-general say
🇿🇼 Zimbabwe’s Prosecutor-General, Justice Loice Matanda Moyo, and ZACC Chairperson Michael Reza made the statement at a capacity building workshop on financial investigations and asset recovery, organized by the International Centre for Asset Recovery (ICAR). “It is time that we totally eradicate corruption in Zimbabwe and recover the stolen assets. As a result of these…
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UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088, called the ‘Scan to Resolve Complaint’ portal aimed at enhancing satisfaction and swiftly addressing customers’ complaints. The innovative platform marks another significant step by the bank to revolutionise customer service and streamline complaint resolution processes. The ‘Scan to…
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Detained Binance executive in court on Nigerian tax, money laundry charges
🇳🇬 One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges. Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who…
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