Keywords: Fintech


TikTok explores peer-to-peer money transfers as it expands into digital payments

TikTok appears to be exploring a broader role in digital financial services, with the social media platform reportedly developing a feature that could allow users to send money directly to one another through private messages. The potential service was identified through an analysis of hidden code in......

Plus500 reports higher core profit as US expansion boosts trading activity

Trading platform Plus500 reported a modest increase in first-half core profit on Monday, as stronger trading activity and the expansion of its US operations helped offset a more challenging customer-acquisition environment. The Israeli fintech company said core profit reached $187.5 million in the six......

Revolut secures French banking licence as fintech accelerates European expansion

British fintech Revolut has secured a banking licence in France, marking a major step in its efforts to strengthen its presence in one of Europe's largest retail banking markets. The company announced the approval on Monday, describing the licence as an important milestone that reinforces its position......

Artificial intelligence enters risk management with a new tool for small businesses

Artificial intelligence is opening a new avenue for small businesses seeking to identify and manage external risks. A technology tool called Blanket is attempting to connect companies' potential vulnerabilities with event-based contracts that could be relevant to specific market risks. The platform......

Nigeria's new crypto tax framework sparks concerns over digital asset growth

Nigeria's latest effort to expand its tax base has triggered concern across the country's cryptocurrency sector, with industry participants warning that new levies on digital asset transactions could slow adoption in one of the world's most active retail crypto markets. The measures form......

X Money: Elon Musk transforms X into a financial services platform in the United States

Elon Musk’s ambition to transform X into an all-in-one digital platform has taken a major step forward with the official launch of X Money, a new financial service designed to integrate payments and banking features directly into the social media platform. More than two years after acquiring Twitter,......

Visa plans to cut 2,600 jobs as part of restructuring and efficiency drive

Visa is reportedly preparing to eliminate around 2,600 positions as part of a broader restructuring plan aimed at improving operational efficiency and redirecting investment toward areas with stronger growth potential, according to an internal memo cited by Bloomberg. The planned workforce reduction......

Nexi maintains 2026 guidance despite decline in second-quarter core earnings

Italian payments company Nexi has reaffirmed its financial outlook for 2026 despite reporting a modest decline in second-quarter core earnings, signaling confidence in its long-term strategy as the European payments industry undergoes rapid transformation. The company, recognized as Europe's largest......

Dubai International Financial Centre surpasses 10,000 active companies for the first time

The Dubai International Financial Centre (DIFC) has surpassed 10,000 active companies for the first time in its history, highlighting the continued expansion of Dubai's financial and business ecosystem. The milestone was reached during the first half of 2025, with the number of registered companies......