FinTech Focus: Catch latest developments of the week

By Gloria Methri

Social media platforms can offer insights helping FinTech and digital payments companies analyse consumer behaviour and preferences, the most critical factors in present times, as well as trends in the industry.

With the ever-evolving digital landscape, it has become imperative for financial institutions to offer services that cater to the changing needs of consumers, and channels of interaction like social media can bridge that gap.

Similarly, numerous financial technology companies utilise social media platforms to make announcements on product offerings, mergers, partnerships, and other developments to garner wider attention and to better reach their target audience.

Let’s look at the top six announcements made by the FinTech bigwigs this week: 

Fawry

Fawry and Hulul are teaming up to integrate payment systems based on artificial intelligence! This strategic cooperation agreement with “Hulul” Company, supported by WideBot, the leading Arabic-focused conversational AI chatbot building platform in the MENA is to integrate Fawry electronic payment systems with “Hulul” services for digital transformation and artificial intelligence, to support the business of small and medium-sized companies.

FreedomPay

FreedomPay and Citi Retail Services are joining forces to empower consumers with choice at the point of purchase with Citi Pay embedded digital payment products.

Our strategic collaboration leverages FreedomPay’s robust technology and Citi’s payments expertise to deliver a seamless, user-friendly experience for consumers and merchants alike. It enhances the customer journey through payment optionality and lending solutions at the point of sale.

Klarna

We have partnered with CarTrawler, the leading B2B technology provider of car rental and mobility solutions to the global travel industry. The partnership brings Klarna’s full range of flexible payment options to car rental bookings on 25 airline websites across 15 countries, including Vueling Airlines, TAP Air Portugal, and Eurowings, with more to come!

M2P Fintech

Big News! M2P Fintech welcomes Goals101 to the family, marking a pivotal moment in our journey towards redefining financial experience. Get ready for an exciting era of innovation!

Paymentology

Today we announce our partnership with open banking and embedded finance platform, FutureBank – powered by Global Kinetic! Together we are providing banks and FinTechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards.

Worldline

We are thrilled to announce that Worldline has been granted a Major Payment Institution licence by the Monetary Authority of Singapore (MAS) enabling us to expand our presence in one of Asia’s most attractive markets while enhancing our offerings for merchants.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q1 2023