Hello Clever & Tyro to Offer Instant Cashback Rewards to Australians
Weekly news up to Wednesday, 19th of June 2024
REPORT
👀 NEWS HIGHLIGH
Hello Clever, an Australian FinTech company known for its real-time payments and loyalty platform, has joined forces with Tyro Payments to develop the country’s loyalty rewards landscape.
Launching to around 70,000 Tyro merchants, Hello Clever allows shoppers to redeem instant cashback rewards on everyday transactions in-store and online. This includes Tyro’s extensive network of retailers and hospitality venues.
📰 ARTICLE
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ BNPL firm Laybuy enters receivership.
⭐️ FinTech Giant Ant Group Spends Record $2.9 Billion on Research.
⭐️ Neobank Jupiter receives wallet license from RBI.
⭐️ Revolut raises account limits amid growing investor demand.
AUSTRALIA 🇦🇺
Aussie bridging loans provider Bridgit raises $125m debt facility and closes $14.6m Series A capital raise. This comes as Bridgit also announces the completion of $14.6 million Series A capital raise led by OIF.
HONG KONG 🇭🇰
Airwallex Hong Kong increases local customer base by nearly 80% amid growing adoption for cross-border money transfers. Airwallex, a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024.
MALAYSIA 🇲🇾
Japan’s Seven Bank to Install ATMs in 7-Eleven Stores Across Malaysia. The new subsidiary, Abadi Tambah Mulia Internasional Malaysia, will focus on deploying banknote-recycling ATMs in regions with fewer bank branches and existing ATMs, particularly in areas underserved by traditional banking services.
CHINA 🇨🇳
Huawei sharpens focus on financial services industry. This involves global leading partners, those who are engaged in the local industry, and who are innovators in segmented scenarios.
Global FinTech Currencycloud and Pyvio to Enable Cross-Border Payments for Chinese Firms. The partnership will allow Pyvio to leverage Currencycloud’s technology in order “to collect and pay funds in over 180 countries and more than 30 currencies, including CNH and CNY.”
PHILIPPINES 🇵🇭
BayaniPay raises $3M for global payment service. Homegrown financial technology player BayaniPay raked in $3 million from a funding round intended to support the deployment of new global payment solutions that cater to enterprises.
To bring the Bank of the Philippine Island’s (BPI) products and services closer to more Filipinos, it recently partnered with the 24-hour self-service payments company, Pay&Go.
MOVERS & SHAKERS
ASX-listed FinTech pioneer Plenti appoints Adam Bennett as new CEO. Adam held Executive roles at NAB including Chief Information Officer, Executive General Manager of Strategy Execution and Executive General Manager Digital & Direct Banking.