Payment processing market to be worth $120.7bn by 2025

New research suggests that the value of the payment processing solution market is expected to grow from $74.4bn in 2020 to $120.7bn in 2025.

EQT acquires cross-border payments platform Banking Circle

EQT has acquired Saxo Payments Banking Circle from Saxo Bank and other minority investors.

CSI eyes bolstered instant payments adoption through pilot program

Computer Services Inc (CSI) will participate in the FedNow pilot program with the aim of increasing the adoption of instant payments in the US.

Medius nabs minority investment from PE firm Advent International

Medius, which offers source to pay solutions, has received a minority investment from private equity firm Advent International.

Zilch and Mastercard widen partnership to launch BNPL card in Europe

FinTech company Zilch has revealed it has expended its partnership with Mastercard to help bring the former’s buy now, pay later (BNPL) card digital card to Europe.

MYPINPAD enters Australian market with AusPayNet certification

Payment solutions provider MYPINPAD has expanded its presence into Australia after it received certification from the Australian Payments Network (AusPayNet).

How the coronavirus will affect different segments of the FinTech industry

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

JP Morgan taps blockchain for improving money transfers

Investment bank and financial services juggernaut JP Morgan has revealed it is using blockchain technology to improve money transfers between banks globally.

Invoicing app for creators Lumanu bags $12m in Series A funding

Lumanu has bagged $12m in its Series A funding round to help further the development of its platform that simplify payment collection for creators.

Amazon to offer BNPL services to its US market through Affirm alliance

Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.

News Stories

FCA

FCA bans referral fees to protect struggling consumers

The FCA has banned on referral fees for certain debt advice providers in an effort to support consumers facing financial difficulties.
Tink

Tink, ecolytiq merge FinTech and sustainability with carbon tracking feature

Open banking firm Tink and ecolytiq, a vanguard in climate engagement solutions, have come together in a collaboration.
Genie

Credit Genie cashes in on $4m Series A financing

Credit Genie, a personal finance platform, has recently shared that it has successfully raised $4m in Series A funding.
simplifalaunches-insurancegpt

Simplifai launches InsuranceGPT, a bespoke AI solution for the insurance industry

Simplifai, renowned for its AI automation solutions, introduces Simplifai InsuranceGPT - the first-ever custom GPT tool specifically crafted for the insurance sector.
Dig

Dig Security nets investment from Samsung for innovative cloud data security

Dig Security, a key player in the cloud data security space, announced today it has secured a strategic investment from Samsung Ventures.

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