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Hey FinTech Fanatic! Mastercard and Visa face a collective lawsuit in the UK over claims they overcharged businesses on multilateral interchange fees (MIFs), with claims exceeding £4 billion. The Competition Appeal Tribunal has approved the action, allowing businesses affected between June 2016 and June 2022 to seek compensation. Sectors such

Hey FinTech Fanatic! Revolut is rolling out dedicated crypto payment cards for spending on everyday items. Integrated with Apple Pay and Google Pay, the new virtual cards enable users to pay in person and online for shopping using crypto, from big budget items to everyday essentials, such as the daily

Hey FinTech Fanatic! A US federal court has imposed a $250 million fine on Nigerian FinTech entrepreneur Dozy Mmobuosi and his three US-based companies, barring him from holding any directorial position in public companies. This follows charges by the SEC, which accused Mmobuosi of orchestrating a massive fraud by inflating

Hey, FinTech Fanatic! Zoho is making waves in the payments sector with the launch of Zoho Payments, a unified solution designed to help businesses seamlessly accept online payments. Zoho Payments offers secure transactions using cards, UPI, and over 35 net banking options. It aims to streamline checkout, reduce cart abandonment,

Hey FinTech Fanatic! The SEC has targeted OpenSea, a leading NFT marketplace, with potential litigation, alleging that some NFTs on the platform may be unregistered securities. OpenSea’s CEO, Devin Finzer, confirmed receiving a Wells notice, a precursor to enforcement action. This move is part of the SEC’s broader

Hey FinTech Fanatic! BNPL firm Zip is exploring a partnership with Apple, aiming to integrate its installment payment services in the U.S., according to CEO Cynthia Scott. While no current collaboration exists, discussions are ongoing. Zip also plans to partner with major U.S. merchants this quarter. Recently, Zip

Hey FinTech Fanatic! Klarna Bank AB reported a 27% revenue increase in the first half of this year, boosting adjusted profit to 673 million kronor ($66 million) for the June quarter, reversing a 456 million kronor loss from the previous year. The Stockholm-based FinTech, gearing up for a potential $20