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Stori raises $32.5m to bring credit cards to Mexico's middle class

/inclusion

Stori raises $32.5m to bring credit cards to Mexico's middle class

Mexican fintech Stori has raised $32.5 million in a Series B funding round to bring credit cards to the country's middles class.

/inclusion

Mastercard invests in Mobility Capital Finance

The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees.

/inclusion

Varo Bank unveils credit building card programme

Varo Bank, the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program, an innovative credit building product that includes a Visa credit card and credit monitoring.

/payments

Plastiq and Ramp forge corporate card partnership

Plastiq, an intelligent payments platform, and Ramp, America's fastest growing corporate card, are announcing a new partnership that helps businesses pay for virtually any expense with the Ramp card.

/sustainable

Allpay to launch compostable card

Top FinTech allpay has long been proud of its green credentials. As part of its commitment to a greener future, it is now aiming to add an ‘eco card’ to its Bill Payments offering.

Affirm unveils BNPL debit card

/payments

Affirm unveils BNPL debit card

Max Levchin's BNPL outfit Affirm is launching a debit card that lets users pay for purchases over time.

/payments

Treasury Prime and Marqeta team on single vendor programmatic card issuing

Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that it has partnered with Marqeta, the global modern card issuing platform, to bring Marqeta’s modern card issuing capabilities to the Treasury Prime API.

TreeCard secures $5.1 million investment for wooden debit card

/sustainable

TreeCard secures $5.1 million investment for wooden debit card

TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $5.1 million in a funding round led by EQT Ventures

/sustainable

Allpay preps eco card

Top FinTech allpay has long been proud of its green credentials. As part of its commitment to a greener future, it is now aiming to add an ‘eco card’ to its Bill Payments offering.

/startups

Petal gets $125m debt facility

Petal, a new kind of credit card company created to help people build credit and spend responsibly, today announced that it has closed a new committed debt facility –totaling more than $125 million– that will enable the company to expand and support the fast-growing Petal credit card program.

/payments

Mastercard and Deutsche Bank deepen collaborations on digital payments

Deutsche Bank and Mastercard are expanding their partnership to jointly develop innovations in the area of digital payments for business clients, thereby enabling companies to offer their products and services to new customer demographics, to develop digital business models and to expand sales channels in Germany and beyond.

Intuit sues Visa and Mastercard over 'price fixing'

/payments

Intuit sues Visa and Mastercard over 'price fixing'

Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.

BNPL expected to double market share in UK e-commerce within the next four years

/payments

BNPL expected to double market share in UK e-commerce within the next four years

Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.

European banks seek technical partners to help build rival to Visa and Mastercard

/payments

European banks seek technical partners to help build rival to Visa and Mastercard

The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for 'qualified technical partners' to help build its central infrastructure.

South African digital challenger TymeBank raises $109m; preps Philippines launch

/cloud

South African digital challenger TymeBank raises $109m; preps Philippines launch

South African digital lender TymeBank has raised R1.6 billion (about $109 million) in a round joined by an Apis Partners fund and Philippines-based JG Summit.

/payments

Vantik and Mastercard simplify saving for retirement with new debit card

Financial security in retirement is one of the most urgent issues in Germany and Europe.

Lloyds taps into Mastercard's Open Banking Connect system

/payments

Lloyds taps into Mastercard's Open Banking Connect system

Lloyds Banking Group is tapping Mastercard's Open Banking software to enable customers to pay off their credit card bills via their mobile app and draw on funds directly from a current account of their choice.

Brex files for bank charter

/regulation

Brex files for bank charter

Brex, the fast-growing firm behind a corporate credit card for startups, has filed for an Industrial Bank Charter in the US.

/startups

Saudi-based fintech Tweeq signs partnership deals with Mastercard and Paymentology

Tweeq, a Saudi fintech which aims to provide a feature-rich spending account for individuals and SMEs, has signed exclusive partnership agreements with Mastercard, the leading technology company in the global payments industry and Paymentology, a leading digital commerce service and payment solution provider.

/Cards

Hubuc to issue cards with dynamic CVV from Idemia

Embedded financial services provider HUBUC announces the launch of payment cards underpinned by MOTION CODE™ - a dynamic CVV technology – from IDEMIA, the world leader in Augmented Identity, for online shopping across Europe.

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