B2B Payments

British H&M customers can now buy new threads and pay later thanks to a new solution provided by Klarna, the Swedish FinTech unicorn.

Freelance payment platform Paydesk has teamed up with TransferWise, the global money transfer company.

Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.

Thailand-based SYNQA, which designs online payment and blockchain technology, has raised $80m in its Series C round.

The instant payments market is expected to grow by 500% to reach $18trn by 2025 and will account for 17% of all B2B and consumer digital money transfers and payments.

The Bank of Jamaica is reportedly exploring regulatory framework for electronic payment service providers and is looking for industry proposals by January 15 2021.

India-based digital payments provider Paytm to allow merchants and retailers use an Android phone as a payments machine for near field communication credit and debit card payment transactions.

FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.

UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.

A study by PricewaterhouseCoopers (PwC) has found cashless transaction volumes are expected to outpace cash payments going into 2030.