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Airtel heralds era of payments banks in India

  • Published: 24 Nov 2016

Indian telecom group Bharti Airtel has launched a pilot of its payment bank in Rajasthan offering an interest rate of 7.25% on deposits in savings account.. read more

EBRD slashes stake in Romania’s Banca Transilvania

  • Published: 24 Nov 2016

The European Bank for Reconstruction and Development (EBRD) has slashed its equity stake in Romanian lender Banca Transilvania by 2.9%.. read more

Net Element partners with Mashreqbank for payment processing

  • Published: 24 Nov 2016

Net Element, a provider of mobile payment technology solutions, has entered into a payment gateway processing agreement with the UAE-based Mashreqbank.. read more

Mauritius’s SBM Bank forays into Kenya’s banking sector

  • Published: 24 Nov 2016

SBM Holdings, Mauritius’s second-biggest bank, has agreed to acquire Kenya’s Fidelity Commercial Bank by the end of this year.. read more

Mashreq extends payment processing contract with Planet Payment

  • Published: 23 Nov 2016

UAE-based banking group Mashreq has extended its contract with Planet Payment, a provider of international and multi-currency payment processing services, through 2021.. read more

Visa amends its EMV debit card transaction-routing policies

  • Published: 23 Nov 2016

Visa has tweaked its chip debit card transaction-routing policies to help merchants and acquirers better understand implementation options pertaining to the adoption of EMV chip technology in the US.. read more

Fosun acquires 16.7% stake in Portuguese lender BCP

  • Published: 22 Nov 2016

Chinese conglomerate Fosun has acquired a 16.7% stake in Portuguese bank Banco Comercial Portugues (BCP) for total consideration of €174.6m ($185.5m).. read more

Earthport to provide outbound cross-border payment services for Axis Bank

  • Published: 22 Nov 2016

Earthport has been selected by Axis Bank, an Indian private sector lender, to enable outbound cross-border payments for its clients through the former's global payments network.. read more

Credit Suisse’s new Swiss entity starts operations

  • Published: 22 Nov 2016

Credit Suisse’ new Swiss legal entity Credit Suisse (Schweiz) AG has commenced operations ahead of stock market flotation by the end of 2017.. read more

Standard Chartered migrates Nairobi shared service centre operations to India

  • Published: 18 Nov 2016

Standard Chartered Bank Kenya has migrated its shared service centre operations in Nairobi to India, putting at risk jobs of 300 employees.. read more

P2P lender Zopa to launch new digital bank

  • Published: 18 Nov 2016

Zopa, a UK-based peer-to-peer (P2P) lender, has announced plans to launch an online-only bank.. read more

Dutch state to sell 7% stake in ABN Amro; bank to shed 1,500 jobs

  • Published: 17 Nov 2016

The Dutch government has agreed to sell a 7% stake in ABN Amro through an accelerated bookbuilding process.. read more

MAS collaborates with R3 and financial institutions in trial project on blockchain

  • Published: 17 Nov 2016

The Monetary Authority of Singapore (MAS) has joined forces with blockchain technology firm R3 and a consortium of financial institutions on a proof-of-concept project to make blockchain-based inter-bank payments.. read more

MasterCard, Ratnakar Bank to introduce QR code payments in India

  • Published: 17 Nov 2016

MasterCard in collaboration with Ratnakar Bank is set to roll out the Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution in India.. read more

Monitise signs up multiple partners to form new FINKit Partner Programme

  • Author: Douglas Blakey
  • Published: 16 Nov 2016

It has been some time coming but worth the wait: Monitise’s FINKit has hit the ground running by forming a Partner Programme with founding partners MasterCard, BehavioSec, Currencycloud, Envestnet, Yodlee, Experian, fastacash, FICO, HID, iGeolise, LivePerson, MYPINPAD, Syniverse, and WorldFirst.. read more

Kotak Mahindra Bank receives RBI nod to set up branch in Dubai

  • Published: 15 Nov 2016

Indian private sector lender Kotak Mahindra Bank has secured approval from the Reserve Bank of India (RBI) to open its first international branch in Dubai, UAE.. read more

South Korean government offloads 29.7% stake in Woori Bank

  • Published: 14 Nov 2016

The government of South Korea has agreed to sell its 29.7% stake in local lender Woori Bank to multiple investors.. read more

Barclays divests Barclaycard Southern European card business

  • Published: 14 Nov 2016

Barclays has closed the sale of its Barclaycard consumer payments business in Portugal and Spain to WiZink Bank.. read more

Denmark unveils own fintech hub

  • Published: 11 Nov 2016

Denmark has opened its own fintech hub, Copenhagen FinTech, in collaboration with the Financial Services Union of Denmark, the City of Copenhagen and the Danish Bankers Association.. read more

Lloyds to shed 520 jobs and close 49 branches

  • Published: 10 Nov 2016

Lloyds Banking Group is set to shut down 49 branches and axe a further 665 jobs in a bid to cut costs and boost profitability.. read more


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