Mobile Payments

The volume of mobile transactions is expected to surge by 93% in the next two years.

Zurich-based Numbrs has completed a $40m investment round and hit a $1bn valuation in the process.

E-wallet company Fincy has revealed that it has filled its coffers with an additional $11m power boost to launch its South-East Asia.

Philippines-based Voyager has reportedly collected $167m in its funding round for its digital payments platform PayMaya.

Meta is to rebrand Facebook Pay as Meta Pay in a bid to bring it closer to the Meta brand alongside enhancing the payment experience.

Mobile payments platform Payconiq has raised more than €20m in a funding round led by existing shareholders.

KIWE app, a mobile payment application, has closed its seed funding round, as it continues its aim to be the word associated with payments.

FinTech firm Afriex secured a $1.2m in a seed funding round with an aim to scale its payments and remittances platform across Africa.

Chinese mobile payments giant Alipay is heading stateside through a partnership with First Data that will see the Ant Financial-owned service increase its international presence further.

The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."