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? News Highlight: BBVA has reached an agreement to invest $300 million (about €263 million¹) in Neon, a Brazilian digital bank founded in 2016 that aims to improve access to financial services for individuals, self-employed and small businesses in its country.
⚡ Just in Apple announced the new Tap to Pay feature for the iPhone. This feature enables millions of Apple Pay merchants to easily facilitate transactions using a simple tap regardless of the payment method.
⭐ Also, Singtel has entered an exclusive partnership with Zip, a financial services company, to add a Buy Now, Pay Later (BNPL) service on their Dash app, a non-banking mobile wallet.
?? Furthermore, Mexican investment platform Flink México will begin operating in Colombia in June or July as part of its Latin America expansion plan, Chief Executive Sergio Jimenez Amozurrutia said on Thursday.
? Partnerships - Intesa Sanpaolo, Italy’s largest bank by total assets and one of Europe’s most profitable and sustainable financial institutions, has selected Thought Machine, the UK-headquartered core banking technology company, to power its new digital banking platform.
? Funding rounds & investments:
- Banked raised a $20 million Series A funding round led by Bank of America and Edenred Capital Partners.
- Stitch has raised $21 million in Series A funding. This news follows the $4 million Stitch raised out of stealth in February 2021, a prequel to the $2 million extension round it secured four months ago, bringing its seed round to $6 million.
? New Launches & Features: Juni, the financial companion for e-commerce entrepreneurs, launched its new Visa credit card in the UK.