New data on the ‘subscription economy’ shows that non-traditional sign-up products and services are likely to fuel the next wave of subscriptions. Barclaycard Payments – which processes £1 in every £3 spent on credit and debit cards in the UK – found that over two thirds (68 per cent) of businesses that currently offer subscriptions will expand their portfolios before the end of 2022.
Cloud-native platform Temenos has amplified their partnership with Wipro to support banks of all sizes speed up their modernisation journeys and expand go-to-market strategies in regions such as the UK, US, and Australia,
TrueLayer, Europe’s leading open banking platform, today announced the availability of TrueLayer Payments for WooCommerce plugin, enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website. Luxury watch retailer BQ Watches is one of the first businesses to implement payments powered by TrueLayer using the plugin.
Goparity, a Portuguese impact finance platform, reached the target of 1,2M€ in an hour and the
community is still invited to become a shareholder. The round was led by the European impact
investment fund Mustard Seed Maze (MSM). The initial goal was to reach €1.2M in equity, but the
Portuguese fintech increased this amount based on demand and is accepting “overfunding”.
The funds will be used to further develop the platform and to expand into Europe and Canada.
Sustainability-focused fintech, Fairown, has announced plans to expand into central Europe and develop a circular economy, by helping banks and vendors offer products as a service. The platform will join forces with Apple Premium Reseller Cortland and Inbank for its launch in Poland.
Singapore headquartered equity management firm Qapita, today announced that it has completed the 100% acquisition of India-based ESOP Direct in a full cash transaction. This will see Qapita secure full ownership of ESOP Direct’s operating entities from its shareholders. With this acquisition, Qapita will become a market leader in this region catering to both listed and unlisted clients, expanding its customer base in India and Southeast Asia to more than 1,200 customers. The combined entity will also manage more than US$ 12 billion in Employee Stock Option Plans (ESOPs), managing more than 130,000 employee owners.
Following the Competition and Markets Authority’s mandate that the UK’s nine largest banks must support sweeping by 31st July 2022, both Plaid and GoCardless have launched a Variable Recurring Payments offering today.
