Industry news
The decision to shut down the consumer-facing app is part of a repositioning and will allow it to focus resources on its Open Banking platform Yolt Technology Services.
The acquisition boosts PayPal’s presence in the country, where it said Paidy had ‘pioneered’ BNPL solutions tailored to the Japanese market.
Partnership sees Experian power OBR’s flagship product OpenRep, an ‘early warning system’ for SME owners and lenders.
Mastercard said that the addition of Aiia will ‘anchor’ its European Open Banking efforts.
Mariko Beising has been named head of payment partnerships at the Open Banking platform.
The technology is already being deployed and implemented by regional banks.
Banks and financial services firms must adopt a shift in mindset from viewing non-standard ID as an obstacle into an opportunity, writes Harry Hughes of the Lending Standards Board.
Ozone API, Open Future World and UK Finance have partnered to host the hackathon from 13 September for four weeks, to test potential use cases that VRPs can deliver.
The new product will give online sellers access to flexible revenue-based repayment loans of between £1,000 and £50,000.
FlexiPay has been designed to help small businesses manage cash flow, with those approved able to immediately access between £2,000 and £30,000.
