Jack Dorsey’s Square buys Afterpay in $29bn deal amid buy now, pay later boom
Twitter co-founder Jack Dorsey's digital payments platform Square has acquired Australian 'buy now, pay later' firm Afterpay to create an online payments powerhouse and help accelerate Afterpay’s growth in the US.
Opay nets $400m to become Nigeria’s newest unicorn in Softbank-led funding round
Lagos-based mobile payment platform OPay reportedly raised $400m in a funding round led by SoftBank Vision Fund 2, valuing it at $2bn.
Branded payments company Recharge.com secures $35m Series B
Recharge.com, which has designed a selection of consumer-branded payments, has raised $35m in its Series B funding round.
More than half of consumers want more payment choices at the checkout
A recent study by payments platform Paysafe has found 52% of customers worldwide are keen to see more payment options available for use at the checkout.
EdfaPay secures pre-seed for Saudi PayTech
Saudi-based FinTech EdfaPay has raised $1.6m in a pre-seed round led by Nuwa Capital InspireUs VC and Wallan Investment Group.
Southeast Asia payment giant Xendit bags Series D
Southeast Asia-focused payments infrastructure platform Xendit has closed its Series D funding round on $300m.
Mexico’s digital payments service Clip secures $50m credit facility
Mexico-based commerce and digital payments platform Clip has received a $50m credit facility from Morgan Stanley, JP Morgan and HSBC.
Alibaba sells half its stake in India-based payments company Paytm
Chinese e-commerce giant Alibaba has reportedly sold half of its position in India-based payments company Paytm.
Standard Chartered teams up with Tazapay for cross border e-commerce
Standard Chartered has partnered with global payments platform Tazapay to deliver “seamless payments” for cross border e-commerce.
NewStore secures $50m Series B
Mobile retail platform NewStore has secured $50m Series B funding round led by Activant Capital.
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