Rakuten Viber, a private and secure messaging and voice-based communications provider, relies on the fintech platform Rapyd (website) to launch Viber Pay, introducing in-app payment transactions to the Viber app and its millions of users. The feature, provided by Rapyd, will allow Viber users to store money in a mobile wallet with an IBAN available in the Viber app, enabling them to send and receive money instantly and securely without incurring fees.
After more than five years of working on a FinTech project with the Chinese e-commerce marketplace operator Jingdong Digits Technology Holding d/b/a JD (JD.com) and Joybuy (Joybuy.com), China Merchants Bank (CMB) has decided not to proceed with its planned direct banking joint venture. CMB's board provided no reason for withdrawing a proposal that would have led to the opening of CMB's Tuopu Bank with J.D., PYMNTS reported.
Mangopay, a payment platform that works with over 2,500 marketplaces, including Wallapop and Vinted, and companies such as Carrefour and Galeries Lafayette. The French company, founded in 2013 and with an office in Madrid, has announced opening a technology hub in the Spanish capital, which will have 25 new incorporations of profiles specialized in information technology and product manager and business development functions.
The fintech unicorn Revolut partners with Stripe’s international to support its expansion into new international markets, including Brazil and Mexico. Stripe, the provider of a financial infrastructure platform, will facilitate the fintech's payment processing in the UK and Europe to enable Revolut's clients a seamless payment experience with their local payment options.
Ebury (website) has now injected €800,000 into the know-your-customer (KYC) and payments platform LoopingOne (website) to seal the partnership. The goal is to develop the LoopingOne product further and obtain a license as an Electronic Money Institution (EMI) with the Dutch Central Bank (DNB).
Paysafe (PC42 profile) announced a partnership with APEXX Global, a global payments orchestration platform, to offer Paysafe's payment processing services to APEXX Global's merchant base. Through the new collaboration, APEXX Global will support its merchants to scale globally by increasing their international payment acceptance with Paysafe, enabling them to process card transactions seamlessly across multiple countries and currencies.
Global payments and banking-as-a-service (BaaS) platform OpenPayd and open banking platform operator Yapily have announced a partnership to deliver innovative payment solutions for businesses in the UK and Europe. OpenPayd will integrate Yapily's open banking platform into its embedded finance offering unified service in instant payments through a single API.
FinAPI (www.finapi.io), a BaFin licensed FinTech, develops solutions for data integration and analysis using artificial intelligence. In 2019, German credit rating agency Schufa took a 75% stake, but finAPI continued to operate independently. As has now been announced, the open banking payment platform operator Yapily, headquartered in London, wants to take over the German startup and acquire the Schufa shares.
Swiss Fintech investor Spiros Margaris wants to share its know-how with other investors. He is arguably one of the most influential fintech influencers worldwide. As the founder of Margaris Ventures, he has been active in the fintech industry from the very beginning. Two of his start-ups have a market valuation of more than one billion dollars and have thus risen to unicorns. In a new partnership with the Zurich financial boutique CAT Financial Products (CATFP), Margaris wants to offer investors the opportunity to invest broadly in global fintech companies.
