Mobile Payments

The US might be about to change its rules about cryptocurrencies, RegTech and digital banking in a big way.

A little over a year since Rapyd achieved its unicorn status, the Mountain View-based FinTech has now raised a $300m Series D financing round to leverage the growing demand for its services.

French mobile payments app Lydia has revealed bold plans to launch a new mobile bank proposition and plunge €100m into the offering.

Chinese mobile payments service Alipay is partnering with UK consumer insights and marketing platform Zapper.

Frankfurt-based Commerzbank will reduce its workforce by 4,300 people and close 200 branches amidst struggles with falling revenues.

Global issuer-processor Paymentology has established a strategic partnership with Mexico-based financial service provider Fondeadora to bring Apple Pay to the country.

Slice, a credit card for first-time users, has reportedly netted $23m in debt funding from 18 lenders.

UK-based virtual payments card VitraCash has collected £306,000 in a crowdfunding campaign, which was raised at a £1.8m pre-money valuation.

Toronto-founded SnapPay, the provider of international payment solutions, is now offering small and independent businesses the opportunity to implement the Chinese payment applications Alipay and WeChat Pay.

Ascend Money has raised $150m in funding to become the first Thai unicorn at a $1.5bn valuation.