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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Contis, the European leader in Banking-as-a-Service. Contis is proud to deliver process-pay, a brand-new standalone processing solution ready to cater for any organisations card processing needs. To find out more visiting www.contis.comtoday!
THE NEWS HIGHLIGHT OF THE DAY IS
PostFinance, the banking arm of the Swiss post office, is stepping up its drive to grant customers access to cryptocurrencies within the next couple of years. PostFinance already offers clients cryptocurrency exposure in collaboration with Swissquote, through its digital app. Swissquote became the first Swiss bank to offer crypto trading for retail clients in 2017. Yet, PostFinance's new project will be an “independent” trading and custody service that is expected to launch by the start of 2024 “at the latest”.
JUST IN:
Melio, a U.S.-Israeli startup that offers payment tools for small businesses, said on Tuesday it entered into a strategic partnership to integrate its accounts payable platform with Capital One Business.
FURTHERMORE,
Global money transfer platform Western Union has announced a new agreement with South American e-commerce giant MercadoLibre to allow digital remittances to Mexico.
WHAT ABOUT CRYPTO?
You can now buy and sell cryptocurrencies in the Nubank app. Nubank Crypto has arrived to democratize access to this market. In addition, they want to offer the necessary information about how cryptocurrencies work and what risks are involved so that their customers can make the best decisions.
AS FOR PARTNERSHIPS
Attijariwafa Bank, one of the largest banks in Morocco and Africa, has entered a strategic partnership with global cross-border payments company Thunes.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Zazuu, a U.K.-based and Africa-focused fintech that is an aggregator of cross-border and remittance platforms, is announcing that it has raised $2 million in a new venture round.