2026-09-23
Global Universal Payment Network, a subsidiary of FinTra Holding, has launched the UPN Consortium platform to involve payment networks, banks, wallets, and remittance companies in defining the network’s strategy, roadmap, and pricing principles. The announcement comes as UPN reveals the first live transaction from a local wallet across Africa, while the network says it covers more than 50 markets and provides access to more than 100 alternative payment methods.
Saudi Arabia’s Lendo and Austria’s Quantic have announced an institutional capital program of up to 750 million riyals, allocated to finance working capital for small and medium-sized enterprises in the Kingdom. The agreement gives Lendo greater financing capacity, with the possibility of structuring Sharia-compliant investment products for international investors.
Skalar has launched a model to finance sales and marketing expenses for technology startups without taking equity or imposing a fixed repayment schedule, instead recovering its money from revenue generated by acquired customers. The company says it has committed to financing more than $125 million for seven companies over the next 12 months, while the risks of accelerated repayment or discontinued funding remain for customers.