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Mitrade Partners With Azupay for Real-Time Payments

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The Australian Forex and OTC derivatives trading broker Mitrade announces partnership with NPP-powered payment platform Azupay to make deposits and withdrawal of funds fast, smart, and secure for its customers in Australia.

Mitrade is a leading Forex trading platform from Australia. Since its restructuring of team and resources in 2018, Mitrade consistently pursued a mission to bring simplicity in trading through innovation. Azupay is an innovative fintech company and a leader in consumer-to-business payment solutions in Australia. It uses PayID and New Payments Platform (NPP) to power its consumer-to-business transactions.

“We are delighted to announce that Mitade is collaborating with Azupay to smooth out our payment process. Now Mitrade users in Australia can transfer payments in real time without delay in the clearance of funds. Mitrade users can deposit funds instantly in their Mitrade accounts whenever they want to enter the market and trade forex, as well as commodities, major indices, shares and more. We thank our customers who stood by us and supported us through the years and made it possible for us to grow to this level. Without their trust, we wouldn’t have made it this far. Our team is consistently working on integrating Mitrade with the latest technologies to make investment and trading intuitive and fast,” said a representative of Mitrade.

Mitrade launched a self-developed trading platform in 2019. Shortly after that it launched mobile apps for iOS and Android. Its WebTrader and mobile apps garnered massive positive response from the public. As of today, Mitrade’s app on Google Play has received over 1 million downloads.

“This partnership will help our customers deposit funds in their Mitrade accounts anytime, anywhere, without worrying about clearance delays,” added the representative of Mitrade, “In line with our mission to simplify Forex trading, we have streamlined our payments system. Mitrade is devoted to ensuring transparency in all trading transactions. Our collaboration with Azupay will bring us one step closer to reduce fraud and bring more clarity in the execution of trading transactions.”

Mitrade has quickly grown into a 1,100,000-user family in less than three years on the back of robust risk management, transaction transparency, extensive research tools, and a super-responsive customer service. Mitrade has been featured on Bloomberg, MarketWatch, Yahoo Finance and Associated Press. To see feature articles about Mitrade, please visit www.mitrade.com/about-us/media

“Our collaboration with Mitrade will bode well for both companies and Mitrade’s customers. Our real-time, low-cost payment system ensures instant funds transfer for consumers and businesses. Now Mitrade customers in Australia can deposit or withdraw money in their Mitrade accounts in seconds. There will be no delayed transfers over the weekends or during public holidays. Azupay works 24/7, 365 days a year to ensure each payment arrives on time, always. Mitrade customers will use a system-generated unique pay ID to deposit funds, which makes the transaction fast and secure. Similarly, Mitrade will use an ID as well to transfer funds instantly in their consumers’ bank accounts. Azupay ensures zero clearance time for funds. We believe our long-term strategic partnership with Mitrade will benefit all stakeholders, especially our users,” said a representative of Azupay.

Azupay is a leader in innovative fintech in Australia and is integrated with most accounting systems and ERP like Xero. Its Azupay-powered PayID for Xero is the winner for Xero Emerging App of the Year. Some of the most noteworthy partnerships with Azupay are Service NSW, a government service in New South Wales for people and businesses, and Precinct, a division of the world’s leading cash management provider, Prosegur. Azupay has been frequently featured on the Australian Financial Review. Azupay is independent of banks so customers can continue to transfer funds using their Azupay account after switching their bank accounts or banks.

“Azupay changed the way people pay in Australia,” added the representative of Azupay, “By partnering with Mitrade, we aim to expand our business client base and bring a large section of Australian consumer base into the folds of smart digital economy. Our swift payment system will make Forex trading easier for Mitrade users. What brings Azupay and Mitrade close is our innovative spirit and a strong urge to simplify the user experience for our users. Our dedicated team is consistently working to innovate and minimize fraud in digital payment transactions.”

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Mitrade has over 400 tradable products which include shares, Forex, cryptocurrencies, and indices. This product diversity, coupled with cutting-edge features like economic calendar, trading strategy, and trading education, has made Mitrade a powerful customer magnet. Mitrade has put in place a self-regulatory transparency mechanism that oversees pricing data and information about products This transparency system has significantly fuelled the growth of Mitrade.

Mitrade has won several awards including the Most Innovative Broker 2022 and the Best Trading Platform 2022 by FxDailyInfo and the Most Transparent Forex Broker Global 2022 by International Business Magazine. To view the full award list, please refer to www.mitrade.com/about-us/awards

Fintech

Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)

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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.

Chime’s Quiet Step Toward Public Markets

Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.

With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.

Source: Bloomberg

ZBD’s Pioneering Achievement: EU MiCA License Approval

ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.

MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.

Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.

Source: Coindesk, PR Newswire

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The Fintech-Credit Union Synergy: A Blueprint for Innovation

The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.

This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.

Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.

Source: PYMNTS

Tackling Student Loan Debt: A Fintech’s Mission

Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.

The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.

As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.

Source: RBJ

Industry Implications and Takeaways

Today’s updates underscore several key themes shaping the fintech landscape:

  1. Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
  2. Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
  3. Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
  4. Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.

 

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SPAYZ.io prepares for iFX EXPO Dubai 2025

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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.

SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.

Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.

“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”

Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.

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Airtm Enhances Its Board of Directors with Two Strategic Appointments

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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.

“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”

Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.

Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.

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