FinTech news in digital payments category

So far, it processed more than $300 million in payments through a closed beta with several consumer brands in the region ($20 million of that was processed in the first two quarters of 2022), and now says it’s ready to open access to cross border and local merchants across Latin America.

Google Wallet is now available in South Africa, the first market for this product in Africa, to make it easy for users to save and easily and securely access their payment cards, loyalty cards and boarding passes. Google said that cardholders of partner banks in South Africa that include FirstRand Bank, Discovery Bank, Investec, Standard Bank, ABSA and Nedbank can now add their details on the wallet, and make contactless payments using their Android phones and Wear OS devices. Google announced the South Africa launch alongside Moldova, Qatar, Serbia, Azerbaijan and Iceland, making the product available in 45 countries. The Google Wallet launch in South Africa comes more than a year after Apple Pay entered the market too.

Clyde said also that Token’s payment volumes grew 20-fold last year, and currently account for 21% of all account-to-account payments in the UK and Europe — a proportion that is set to rise as more of its customers take their Token integrations live.

American Express has launched its first all-digital consumer checking account, the company announced on Tuesday. The new offering, American Express Rewards Checking, is currently available for eligible U.S. Consumer Card Members. The launch comes as the emergence of digital banking services is causing traditional banks to enhance their digital strategies and offer more competitive banking \[…\]

Bold, a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management.