Close to half of all transactions expected to contactless by end of 2022

A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.
Buckzy

Buckzy Payments lands $14.5m Series A

Buckzy Payments, a Canada-based payments firm, has netted $14.5m in a Series A funding round.

PayPal teams up with Xero for SME invoices

PayPal is making further moves into the B2B payments space through a partnership with SME accounting platform Xero.

Baton Systems collects over $12m in Series A

Baton Systems, a blockchain-inspired bank-to-bank payments infrastructure, has bagged over $12m in its Series A.

Osu collects ?2.25m in its seed round

Osu, a payment app for self-employed, has reportedly collected ?2.25m in its seed funding round.

London-based DigiDoe closes funding round early

London-based DigiDoe, which aims to revolutionise the world’s outdated payments infrastructure, has collected £850,000 from new investors.

News Stories

European

European Commission unveils green claims rules to prevent consumer greenwashing

The European Commission has unveiled a new directive that will require companies to verify their environmental claims and labels.
Crypto

Crypto lobby group calls for UK ‘white list’ to prevent market restrictions

CryptoUK has called for UK banks to be given a ‘white list’ of registered crypto firms to avoid firms in the industry getting ‘debanked’.
Compsicence-nationwide-swiss-re-team-up-for-workers-compensation-policies

CompScience, Nationwide and Swiss Re team up for workers’ compensation policies

CompScience Insurance Services has entered a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies.
spanish-fintech-id-finance-bags-€30m-in-funding-retail-banking-and-finance-solutions

Spanish FinTech ID Finance bags €30m

ID Finance, a Spain-based FinTech offering retail banking and finance solutions, has raised €30m in funding.
transaction

What is transaction monitoring in 2023?

The traditional focus of transaction monitoring has been to help regulated firms in the banking and finance sector to detect and prevent money laundering.

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