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Mastercard and Nomba Join Forces to Revolutionize Digital Payments in Nigeria
Mastercard has partnered with Nigerian FinTech innovator Nomba to enhance digital payment solutions in Nigeria and Africa. This collaboration will integrate the Mastercard Gateway into Nomba’s Checkout platform, improving payment efficiency and security for businesses and consumers. Key features include streamlined processes, advanced fraud protection, faster transaction speeds, and support for various payment methods. The partnership aims to boost financial inclusion in underserved markets, aligning with Mastercard’s goal of bringing one billion people into the digital economy by 2025. Both companies are committed to innovating and creating a more connected financial future across Africa.
Co-op Partners with ACI Worldwide: Unlocking Secure and Scalable Payment Solutions
ACI Worldwide has extended its strategic partnership with Co-op, a major UK convenience retailer, to enhance its payment systems across in-store, online, and mobile platforms. This collaboration will leverage ACI’s Payments Orchestration Platform, ensuring secure and seamless transactions for Co-op’s 2,400 stores. The partnership includes Co-op’s migration to ACI’s multi-tenant cloud platform on Microsoft Azure, providing increased scalability, enhanced security, and improved payment processing. ACI’s innovative solutions focus on fraud prevention and customizable payment options, aligning with Co-op’s commitment to customer convenience and technological advancement. Both companies express enthusiasm for the partnership’s potential to drive innovation and security in payments.
2025 Key Fee Adjustments for Fund Marketers: Essential Insights for Europe
As the New Year approaches, fund managers must prepare for significant regulatory updates and fee changes influencing cross-border fund registrations in 2025. Key updates include Croatia’s periodic fee for marketing EEA UCITS set at EUR 1,500, and Czechia eliminating fees for foreign UCITS and EEA AIFs. Finland will charge no registration fees for UCITS, while annual fees for AIFs will increase. Guernsey adjusts its application fee to GBP 1,470, and Jersey introduces a GBP 686 fee for prospectus circulation. Malta and Sweden also adjust fees for AIF marketing. Staying informed is crucial for effective financial planning and operational efficiency.
Crypto.com Unveils Cutting-Edge Exchange Tailored for US Institutional Traders
Crypto.com has launched its institutional-grade exchange in the United States, enhancing options for both retail and institutional users. This platform offers over 300 cryptocurrencies and 480 trading pairs, emphasizing advanced trading capabilities and robust security features. Co-Founder and CEO Kris Marszalek highlighted substantial investments made to improve technology and banking systems, aiming to establish Crypto.com as a top USD-supporting exchange. Key features include a customizable interface, support for various trading strategies, and automated trading options. Users can easily fund their accounts via Fedwire transfers, ensuring quick access to funds without additional withdrawal fees.
Affirm and Adyen Boost BNPL Services with Strategic UK Expansion
Adyen has strengthened its partnership with Affirm to launch innovative payment solutions in the UK, offering consumers flexible options like interest-free and interest-bearing installment plans. This collaboration allows approved customers to customize payment schedules, ensuring transparency without hidden fees. According to Adyen UK’s Managing Director, Nicole Olbe, there is a growing demand for superior payment experiences globally. The partnership, which began in November 2020 in the U.S., is expected to enhance customer satisfaction at checkout and drive merchant growth in the UK. Affirm’s UK Country Manager, Ruth Spratt, highlighted the benefits of these flexible payment options for businesses.
European Commission Unveils SFDR Simplification to Lighten Investor Load
The European Commission has launched a call for evidence to refine the Sustainable Finance Disclosure Regulation (SFDR), aiming to enhance its effectiveness while easing compliance for investors and market participants. Introduced in 2021 to improve sustainability transparency, the SFDR faces challenges such as ambiguous definitions, overlapping disclosures, and limited data access. Proposed revisions aim to simplify regulations, reduce reporting requirements, and align with other sustainable finance initiatives. Additionally, the Commission is considering formal categories for financial products promoting sustainability. The consultation is open until May 30, 2025, with proposals expected in late 2025.