Author: TMC Admin

The early-stage company financing platform Debite has launched in the UK in an attempt to help businesses manage cash flow and maximise growth potential more effectively. Tackling one of the primary reasons why most start-ups fail, Debite’s buy now pay later (BNPL) model means customers benefit from smoothing the cost of expensive business payments, such…

Dubai International Financial Centre (DIFC), the financial centre of the Middle East, Africa and South Asia (MEASA) region, co-hosted the virtual launch of the International Monetary Fund (IMF) April 2022 Regional Economic Outlook (REO) for the Middle East and North Africa (MENA) region. According to the IMF report titled ‘Divergent Recoveries in Turbulent Times’, the…

New research conducted by embedded finance provider YouLend and payment service provider Dojo has revealed a significant trend when it comes to the way businesses are operating: they are ditching cash payments. In fact, only five per cent of businesses in the UK only accept cash today, according to the data, published in a new…

Fintech startup xpate has unveiled a core banking solution that links merchant and acquirer systems to offer agile, flexible payment processing. According to xpate, many in-house core banking platforms were built several years ago and are rapidly becoming outdated, as the underlying technology is obsolete or can no longer be adapted to onboard rising transaction…

Microfinance – the lending of relatively small amounts to consumers, small businesses or sole-traders – is improving quality of life and increasing the resilience of low-income customers to withstand economic shocks, a new report has revealed. It is also reaching people without prior access to financial services without creating overindebtedness. There are around 25 million…

Open banking platform TrueLayer has teamed up with Singapore-based fintech Thunes to ‘streamline and improve the payment experience of consumers’ in the UK and Europe. Through the partnership, Thunes will integrate TrueLayer’s open banking payments into its platform as one of the payment methods available to Thunes’ 100,000 merchants globally. This will mean marketplace platform…

A compassionate approach to the financial needs of persons with disabilities, supported by innovative technology solutions, has the potential to address the needs of the most vulnerable members of society across the Middle East and Africa, according to the latest white paper from Mastercard. The study, Bridging the Disability Gap: An Opportunity to Make a Positive…

New research from GoCardless, a provider of direct bank payments, reveals high potential demand for Variable Recurring Payments (VRPs) as UK consumers clamour for better ways to manage their money, with convenience and ease at the top of their wish lists. Half of consumers say they would use new technology that automatically moves their money…

It is very easy for many who are new to the fintech space to think that financial technology is an exclusive term for payments technology, and while there is some truth to this, it does not tell the entire story about fintech. However, in June, The Fintech Times is looking to indulge this belief as…

Banktivity, a US-based PFM app, has teamed up with Salt Edge, a provider offering open banking solutions, to enable its customers in the UK and EU to connect their bank accounts and have all their financial data pulled into the app instantly and fully digitally. The modern PFM market is witnessing considerable growth, accelerated by…