March 28, 2024

Web and Technology News

Mastercard to purchase a minority stake in MTN’s $5.2B fintech business

Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cellphone provider, which it values at $5.2 billion. The signing of the formal investment agreements will likely occur very soon as both parties near the end of the regular due diligence process; the investment will be closed subject […]

Mastercard sees ‘a lot of promise’ in blockchain tech if safety and simplicity are prioritized

As brands and financial services firms navigate the crypto world, Mastercard sees opportunity for blockchains to grow with greater safety.

Mastercard sees ‘a lot of promise’ in blockchain tech if safety and simplicity are prioritized by Jacquelyn Melinek originally published on TechCrunch

Mastercard, PayPal and Robinhood dive deeper into crypto as industry shows ‘promise’

A number of brand-name mainstream financial institutions have been rolling out new crypto products and services in an attempt to make the space more accessible.

Mastercard, PayPal and Robinhood dive deeper into crypto as industry shows ‘promise’ by Jacquelyn Melinek originally published on TechCrunch

DoorDash launches its first co-branded credit card with Chase

DoorDash is launching its first ever credit card with Chase, the company announced on Wednesday. The DoorDash Rewards Mastercard will provide cardholders the opportunity to earn cash back on delivery and every other purchase made with the card. Cardmembers will get 4% cash back on DoorDash and Caviar orders from merchants on the DoorDash platform, […]

DoorDash launches its first co-branded credit card with Chase by Aisha Malik originally published on TechCrunch

Spend management platform Teampay expands partnership with Mastercard, raises $47M

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into […]

Spend management platform Teampay expands partnership with Mastercard, raises $47M by Kyle Wiggers originally published on TechCrunch

Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash

As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from […]

Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Greenlight, the Atlanta, GA-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers up to 3% unlimited cash back on all purchases and gives parents the option to automatically invest those cash rewards in mutual funds and ETFs to spend on family-related expenses, […]

Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Greenlight, the Atlanta, GA-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers up to 3% unlimited cash back on all purchases and gives parents the option to automatically invest those cash rewards in mutual funds and ETFs to spend on family-related expenses, […]

Google Chrome adds virtual credit card numbers to keep your real ones safe

Google today announced that its Chrome browser will now offer users the ability to use a virtual credit card number in online payment forms on the web. These virtual card numbers allow you to keep your ‘real’ credit card number safe when you buy something online since they can be easily revoked if a merchant’s […]

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. New participating investors include Helios Digital Ventures, British International Investment […]

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. New participating investors include Helios Digital Ventures, British International Investment […]

Enveil, a provider of encrypted, privacy-focused search and analytics tools, raises $25M

Collectively, as we mature as a digital society, many of us are getting more aware, and more wary, of how our profiles and information exist and are used (and misused) online. A similar theme has also been playing out in the enterprise world, where organizations have also grown their security and data protection profiles to […]

In the wake of Fast’s collapse, Volume thinks it can crack the payment checkout conundrum

Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, ewallet and BNPL facilitators. Much of this is often passed to consumers. Fast was a hugely well-funded startup that tried to address this by closed in spectacular fashion just recently. Other […]

Zambian card issuing startup Union54 raises $12M led by Tiger Global

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Other participating investors in this financing include existing ones such as Vibe VC and new investors Earl Grey Capital and Packy Mccormick’s Not Boring Capital. It’s been only six months since Union54, whose API allows African software […]

PayPal’s new credit card pays 3% cash back on all PayPal purchases

PayPal is revamping its co-branded PayPal Cashback Mastercard credit card, issued by Synchrony, which will now give users 3% cash back when they check out using PayPal, and 2% cash back on all other Mastercard purchases. The company says the higher rate can be used whenever a customer pays with PayPal, including if they pay […]

PayPal’s new credit card pays 3% cash back on all PayPal purchases

PayPal is revamping its co-branded PayPal Cashback Mastercard credit card, issued by Synchrony, which will now give users 3% cash back when they check out using PayPal, and 2% cash back on all other Mastercard purchases. The company says the higher rate can be used whenever a customer pays with PayPal, including if they pay […]

Tech talent flees Russia as Western sanctions bite

Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes fearing for their lives. But the war is also leading to […]

Netflix, PayPal, Adobe and others join tech companies suspending business in Russia

Numerous tech companies are joining the growing list of tech brands that are suspending their operations in Russia amid its invasion of Ukraine. The latest batch of companies doing so includes several notable names, such as Netflix, PayPal, Mastercard, Visa and more. Over the weekend, Netflix said it’s suspending its service in Russia, as first […]