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KCB Bank Kenya Partners with UnionPay to Revolutionize E-Commerce Payment Solutions
KCB Bank Kenya has partnered with UnionPay International to enhance e-commerce payment capabilities in the region, aiming for seamless transactions for UnionPay cardholders. The collaboration will expand UnionPay acceptance across various merchant segments, including supermarkets, government services, and hotels, fostering a robust payment ecosystem. With Kenya’s e-commerce sector projected to reach a 53.6% penetration rate by 2025, the partnership addresses the growing demand for online shopping. Key drivers of this growth include improved internet connectivity, robust logistics, and FinTech adoption. The initiative also emphasizes security and convenience in digital payments, shaping the future of online transactions in Kenya.
UK Firms Dominate European RegTech Market, Capturing 25% of 2024 Regional Deals
In 2024, the European RegTech market faced a significant decline, with total funding dropping 53% to $724 million and completed deals falling by 50% to 111. This downturn reflects investor caution amid market uncertainty. The UK remained the leader, accounting for 26% of deals, despite a 54% decrease to 43 deals. France and Germany also saw declines, while Spain emerged as a new player. Notably, London-based Napier AI secured $56.9 million in funding, one of the largest deals of the year, highlighting innovation as a potential driver for future recovery in the sector.
Discover Why Singapore is Asia’s Premier Green Investment Hub
Singapore is rapidly emerging as a leading destination for sustainable equity investors, with its green economy’s market capitalization reaching 10.9% of the Straits Times Index (STI) by December 2024, up from 4.2% in 2016. Key initiatives like the Singapore Green Plan 2030 and the Singapore-Asia Taxonomy for Sustainable Finance are driving this growth. Companies such as Keppel Corporation and Sembcorp Industries are leading the green transition, while the real estate sector generates about 70% of the STI’s green revenue. With strong government policies and a commitment to sustainability, Singapore is poised to be a significant hub for green investment in Asia.
Americans Focus on Debt and Savings: 44% Plan to Use Tax Refunds for Financial Relief
As tax season nears, a survey by ACI Worldwide and YouGov reveals that nearly 40% of U.S. taxpayers plan to use their refunds to pay off debts, reflecting financial insecurity amid inflation. About 44% intend to save their refunds, while 65% prefer digital payment methods for taxes, with a decline in paper checks. Concerns about tax-related scams persist, particularly among Generation Z, with many unaware of common fraud schemes. The survey indicates that 39% will file electronically, and highlights the importance of consumer education to combat fraud during this critical time.
Devexa Unveils Groundbreaking Secure Trading Community Feature for Enhanced Broker Platform Experiences
Devexa, the AI-powered trading assistant by Devexperts, has launched a new community feature that enhances trader engagement within brokers’ platforms. This secure environment allows traders to share insights, discuss market trends, and collaborate on strategies, reducing risks associated with third-party platforms like Discord. Key benefits include secure interactions, rich content support, broker control, and improved trader retention. The feature promotes compliance and security by allowing brokers to oversee discussions. It also facilitates dynamic interactions through event threads, collaborative analysis, live Q&A sessions, and community competitions. Jon Light from Devexperts emphasizes its advantages for community-building and trader safety.