Banking
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
Banking
Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass
Overview:Entities Involved: Cooperative Bank of Oromia (Ethiopia) and Mastercard.
Agreement: New five-year strategic partnership aimed at boosting digital and financial inclusion in Ethiopia.Key...
AI
Turkish fintech Iyzico acquires Paynet in $87m deal
Turkish fintech Iyzico is acquiring Paynet, a B2B and B2B2C payment solutions provider, from parent company the Arena Group in a deal valued...
Banking
Bolt appoints interim CEO as Maju Kuruvilla departs
Leadership Change at Bolt:Maju Kuruvilla, who served as CEO of San Francisco-based fintech Bolt for over two years, has departed from the...
Banking
Flutterwave names ex-CBN director Dipo Fatokun as new board chair
Flutterwave, an African paytech unicorn, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria (CBN), as its new board...
Banking
PayPal extends payment options for online SMEs with new solution
PayPal Launches Complete Payments for SMEs:New Offering:PayPal has introduced a new solution called "PayPal Complete Payments" targeting small and medium-sized enterprises (SMEs)....
Banking
ABN Amro partners Dutch paytech Buckaroo for merchant payment services
Dutch bank ABN Amro has chosen Buckaroo to provide online and point-of-sale merchant payment services for its retail business clients.
Buckaroo will take...
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