Payments News
JP Morgan has announced its end-to-end payments solution will power Volvo 's new online direct to consumer sales model for first electric car roll out in India
Cuscal Limited (Cuscal), one of Australia's largest independent providers of payments, banking and regulated data and Basiq Pty Ltd (Basiq), Australia's leading Consumer Data Right (CDR) platform that provides data services to over 150 businesses ranging from large institutional banks to fintech start-ups; have entered into a binding agreement under which Cuscal will acquire a controlling interest in Basiq, subject to customary conditions. This acquisition brings positive news to the recent investment downturn and provides hope for local homegrown start-ups.
The Central Bank of Nigeria (CBN) has approved operational guidelines on open banking this week, becoming the first country in the African region to adopt open banking regulations.
The California Department of Financial Protection and Innovation says it has taken possession of Silicon Valley Bank and appointed the FDIC as receiver, citing "inadequate liquidity and insolvency".
US-based chat commerce company Clickatell has partnered with South Africa-based integrated communication company Telkom to enable mobile messaging payments via WhatsApp
SVB Financial Group launched a $1.75 billion share sale this week in order to shore up finances after offloading a portfolio of assets including US Treasuries and mortgage-backed securities.
