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Mauritius Boosts Sustainable Finance with EU-Backed SUNREF Initiative: A Green Future Ahead!
The Bank of Mauritius has formed a partnership with the Agence Française de Développement, the European Union, the Mauritius Bankers Association, and Business Mauritius to promote sustainable finance through the “SUNREF – Cap sur la Finance Durable” Program. The initiative aims to enhance regulatory frameworks, build resilience, and encourage investments in green projects. Key actions include integrating climate risks into financial oversight, strengthening institutional capacities, and developing climate risk models. Rajeev Hasnah highlighted the partnership’s importance for financial stability and sustainability, positioning Mauritius as a leader in the global transition to sustainable finance.
Lyca Mobile and Revolut Pay Unveil Groundbreaking MVNO Partnership in the UK
Lyca Mobile, the leading mobile virtual network operator in the UK, has partnered with Revolut Pay, marking Revolut’s first MVNO collaboration in the country. This partnership aims to enhance payment experiences for Lyca Mobile customers by offering automated subscription payments, real-time transaction notifications, and one-click top-ups. Since the launch, Lyca Mobile has achieved a 100% transaction authorization rate, with 80% of users adopting features like automatic top-ups. Company leaders emphasize the alignment of their missions, optimizing customer satisfaction and payment efficiency. This collaboration positions Lyca Mobile to continually improve its services and streamline payment processes.
ECB Partners with FinTech Innovators and Banks to Revolutionize Payment Solutions
The European Central Bank (ECB) has launched a new platform to explore the digital euro’s potential, attracting nearly 70 participants, including banks and FinTech firms, since its announcement in late 2024. The initiative features two workstreams: “Pioneers,” focused on testing technical features like conditional payments, and “Visionaries,” aimed at enhancing financial inclusion through concepts such as digital euro wallets at post offices. The ECB is providing technical resources to support experimentation, with workshops ongoing through May 2025. ECB board member Piero Cipollone highlighted the initiative’s potential to drive financial innovation across Europe.
Currencyflow Unveils Tailored International Money Transfer Service for Seamless Global Transactions
Currencyflow, a new FinTech company founded by Andy Dyer, Stuart Pritchard, and Freddie Smith, has launched a personalized international money transfer service. The service aims to provide a transparent, relationship-oriented alternative to traditional remittance options, addressing the growing demand for reliable cross-border payment solutions. Key features include competitive exchange rates, real-time updates, and personalized support for complex transactions. Initially targeting the UK, mainland Europe, the US, and the UAE, Currencyflow plans to expand its currency and payment method offerings while maintaining a focus on exceptional customer service. Co-founder Dyer emphasized the company’s mission to simplify and secure international transfers.
Hypori Raises $12M in Series B Funding to Expand Zero-Trust BYOD Solutions in Mobile Security
Hypori, a leader in secure mobile access solutions, has raised $12 million in a Series B extension round, totaling $35 million for the financing. This funding, supported by investors like UBS AG and Carahsoft Technology Group, aims to promote zero-trust bring-your-own-device (BYOD) strategies. Hypori’s platform enables secure access to enterprise applications while ensuring personal privacy, particularly benefiting industries with strict security needs such as defense, healthcare, financial services, and government. The funding will be used to expand market reach, strengthen partnerships, and enhance product innovation, positioning Hypori to address growing mobile security and data protection needs.