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The recent announcement of Paze, a mobile wallet backed by banking giants like JPMorgan Chase, Bank of America, and Wells Fargo, marks a significant shift for legacy banks in their attitude to fintech. High street banks are seeking to fend off the encroachment of Big Tech, companies like Apple, Google, and Elon Musk’s X (formerly Twitter) into the financial services sector, but they may have missed the boat.
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Aussie Fintech Simplifying Money Transfers to the Philippines
TLDR: Australian fintech company Stables has launched international remittance services between Australia and the Philippines. This service will allow users in over 130 countries to send Australian Dollars or Philippine Pesos to
Gen Z workers prefer DailyPay for on-demand pay options.
TLDR: Gen Z hourly workers prefer on-demand pay options for financial security. Most Gen Z workers like their job, with financial security being a top motivator. Article Summary: Gen Z hourly workers,
Breaking news: Chime prepping for possible 2025 IPO in Fintech Nexus.
Summary of Fintech Nexus Newsletter (March 25, 2024) TLDR: Chime, the largest consumer-facing fintech in the country, is planning a potential IPO in 2025. Chime has more primary accounts than Chase, with
Visa Africa Fintech Accelerator supports $1bln investment in Africa by 2027.
TLDR: Visa Africa Fintech Accelerator program aligns with Visa’s $1 billion investment pledge in Africa by 2027. The program supports fintech startups in Africa through mentorship, training, and networking opportunities. The Visa
MTN’s fintech transactions hit 17.6 billion in Nigeria by 2023.
TLDR: Key Points: MTN’s fintech transaction volume in Nigeria increased to 17.6 billion in 2023. MTN reported a resilient performance in 2023 despite profit loss in Nigeria. Despite a major profit loss
