E-commerce

Payment gateway Peach Payments has partnered with Capitec to launch Capitec Pay, a new open banking payment method.

Octane, which claims to be revolutionising the buying experience for recreational purchases, has closed a $406.9m securitisation collateralised by its fixed-rate instalment powersports loans.

Green Check Verified, a FinTech platform for the legal cannabis sector, has closed its Series A funding round on $6m.

FinTech giant Stripe has launched Enhanced Issuer Network, a set of partnerships with major US card issuers, with the aim of reducing fraud.

Nearly a third of UK consumers (30%) are spending less online because refunds take too long and they’re worried about their bank balance, a report from Tink claims.

The global revenue from embedded payments for embedded finance vendors will reach $59bn in 2027, rising from $32bn in 2023, according to Juniper Research.

Digital payment infrastructure provider PPRO has extended its services to South Korea by integrating with local cards and e-wallet Toss Pay.

Cross-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.

Kasheesh, which claims to be a first-to-market digital payment platform, has increased its total capital raised to $8.5m, with backing from high-profile investors.

Tazapay, a cross-border payments company, has raised $16.9m in its Series A funding round, which was led by Sequoia Capital Southeast Asia.