E-commerce

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

UT-based FinTech company providing payment solutions in the commercial equipment space Clicklease raised $63m in Series A funding led by Sandlot Partners.

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.

Payment giant Square is expected to launch Invoices Plus, a paid subscription service that will include extra features such as those previously available with the free service.

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

Global consumer internet group Prosus has entered into a new deal with payments FinTech PayU to acquire online payment gateway provider BillDesk for $4.7bn.

People in the UK will be able to make contactless payments up to a new limit of £100 from the 15th of October 2021.

Financial comparison site money.co.uk slammed buy now, pay later firm Klarna founder for claims that it offers a fairer and more equitable platform for consumer spending than credit cards.

African payments firm PawaPay has raised $9m from a seed funding round led by MSA and UK investment fund 88mph.

FinTech firm Fiserv has collaborated with self-service retailer Selecta to enhance and streamline digital payments across Selecta’s points-of-sale.