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Central Bank of Brazil Approves PayRetailers’ Acquisition of Transfeera

Fintech Finance

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera , a fintech specialised in payment solutions for businesses, by PayRetailers , a leading payments processor in Latin America and Africa.

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Nuvei Agrees to Acquire Licensed Payment Institution in Brazil

Fintech Finance

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil.

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Central Bank of Brazil Approves PayRetailers Acquisition of Transfeera

The Fintech Times

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved PayRetailers , the payments processor in Latin America and Africa, to acquire Transfeera , a fintech focused on payment solutions for businesses.

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Network International obtains payment licence from Saudi Central Bank

Fintech Finance

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom.

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Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Fintech News

money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland. The stablecoin, along with XRP, will be integrated into Ripple’s payment solutions to serve enterprise customers globally.

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FOMO Pay and Digibank Zand Join Forces for Asia-MENA Remittances

Fintech News

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. The company said that it is focused on building financial connections between Asia and global markets.

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Nium Expands Operations in Latin America, Accelerating Global Real-Time Payments in the Region

Fintech Finance

This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. In 2020, the Central Bank of Brazil launched Pix, a real-time payment system that has rapidly become a key model in the region.