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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Sokin. Sokin is the trusted global FX payment provider for some of the world’s leading brands. With Sokin Premium you can send and receive unlimited international payments for one fixed monthly fee. Market beating rates, no commission, hassle-free.
THE NEWS HIGHLIGHT OF THE DAY IS
The Financial Conduct Authority said that all Crypto-ATMs machines in the UK must be shut down or it will take action.
JUST IN:
€10 million were raised for Ukraine through donations of Revolut customers, which were then matched by Revolut itself
ALSO:
MTN added more than R11bn to its market capitalisation as Africa’s largest mobile operator. It has now passed rival M-PESA Africa to become the biggest mobile payments business on the continent by users.
FURTHERMORE,
Atlantic Money, a money transfer fintech has moved out of stealth with a promise to take on the likes of Wise and Revolut with a cheaper offering for larger value transactions
WHAT ARE THE LATEST INSIGHTS?
In 2021, Latin American startups raised $14.8 billion across nearly 800 deals, according to PitchBook Data, making this the fastest-growing region in the world for venture funding.
Forecasts predict a total market value for embedded finance at $7.2T by 2030. Fintech experts anticipate three areas of value growth: insurance, lending, and payments.
AS FOR PARTNERSHIPS
Digital-only bank, TymeBank has partnered with National HealthCare Group to introduce TymeHealth, billed as one of the most affordable medical insurance solutions available to local consumers.