Paysend, the UK-based fintech company, with over 8 million customers, announces a technology partnership with JMMB Money Transfer, a subsidiary of JMMB Group, to provide secure and affordable deposit-to-account transfers to family and friends in Jamaica. Jamaicans can now receive remittances from their loved ones in the UK, USA, and Canada via the Paysend App. […]
The UK Centre for Digital Trade and Innovation (C4DTI) and Electronic Transaction Development Agency (ETDA) has launched an exciting new partnership project, funded by the Foreign and Commonwealth Development Office, to provide a cheaper, faster, simpler and more sustainable trading environment between UK and Thailand. The project will be delivered by C4DTI, in partnership with […]
YouBiz, the SME spend management platform by YouTrip, launched its first whitepaper studying emerging business spending trends and key business priorities for SME in 2023. Titled ‘2023 Business Spend Insights: Keys to SME Success in Uncertain Times’, the report analyses over 60,000 business transactions from over 4,500 companies, and surveys with over 160 SME executives […]
Brazil is now at the forefront of open finance in the world, and the implementation of the open financial system has the potential to positively impact financial inclusion. This was the main theme of a discussion led by industry pioneers at an virtual Campfire organised by Open Banking Excellence (OBE), the global centre of community […]
UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa. A Standard Buyer Loan Guarantee was offered by UKEF to guarantee an export credit loan from Apple Bank, supported by its UK […]
Thought Machine, the cloud-native banking technology company, today announces that Bpifrance, the French public investment bank, is using Thought Machine’s cloud-native core banking platform, Vault Core. Bpifrance is the first bank in France to deploy Thought Machine’s modern cloud-native core banking platform, using Vault Core to deliver a new era of digital financial services to […]
Recent data shows that nearly half of company CFOs are currently in the process of expanding their business to overseas markets, or planning to do so soon. As well as capturing a greater market share, global expansion can provide companies with many additional benefits such as increased brand exposure, new investment opportunities, and fresh talent […]
KPMG China released its China Economic Monitor report for Q4 2022. According to the report, China’s economy grew by 3.0% year-on-year (yoy) in the first nine months of 2022, with Q3 growing by 3.9%, 3.5 percentage points higher than Q2, and better than market expectations. From a quarter-on-quarter (qoq) perspective, the economy grew by 3.9% […]
The current fundraise environment encourages African founders to consider the tradeoff between further fundraising and the option of strategic exits via M&A. While African growth companies received a record $3.5bn in the first half of 2021, more than double the amount in the same period a year earlier, the current funding downturn is global, and […]
November survey data signalled a steep and accelerated decline in construction activity across France midway through the final quarter of 2022. The sharper downturn reflected quicker reductions in activity across the three types of work monitored by the survey, although especially pronounced falls were seen in residential building and civil engineering projects. November’s slump was […]
