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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. OCC is an independent bureau of the U.S.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

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Which Are the Top Three Most Innovative Nations and Why?

Let's Talk Payments

Despite the common perception of North America being the most advanced and innovative financial technology market (thanks to Silicon Valley, New York, Vancouver and Toronto), the latest report on the.

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Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

The investment funds will enable the Montreal-based startup to continue to deploy its patented solution in markets around the world, develop new product offerings and expand the companyā€™s head count. ā€œWe This is a major market validation of our payment acceptance platform, and highlights Mobeewave as an industry leader in the FinTech space.ā€.

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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. of India (NPCI). percent business stake per news in January.

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Singapore Eases Regulations Over Venture Capitalists

PYMNTS

Analysts say easing startups’ access to venture capital follows efforts to ease companies’ access to innovative financial technologies. According to reports, the nation hosts 153 venture capital firms, citing data from Preqin, which have provided $3.5 “Nobody makes any money from these mid-term marks.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The Clearing House's real-time payments offering, the RTP Ā® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. The technology will facilitate instant payments for merchants, businesses, FinTechs, government entities and individuals.

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