Mobile Payments

Digital banks are on the rise Down Under. However, competing with the big four banks won’t be a walk in the park.

In a strategic move, Sequoia Capital has reportedly extended an offer to its investors to buy shares in Stripe, a leading payments company it initially supported nearly 14 years ago, according to a report from Axios.

Mobile payments network LevelUp has picked up $50m in a new round of funding from banking giant JPMorgan Chase.

Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.

Indian eCommerce and payments firm Paytm debuted a new payment acceptance tool for merchants.

Open Payment Technologies Ltd, a leading provider of cutting-edge FinTech solutions, has announced the launch of its new digital wallet app, Kuady.

Cambodia-based payments app Clik has reportedly raised $2m in its Seed funding round.

Affirm began trading on the Nasdaq on Wednesday with its shares jumping by more than 100% in the first day, laying the groundwork for huge growth in the buy now pay later space.

Uber has taken another step into the FinTech space by entering into a card-issuing partnership with Marqeta.

A OneSpan blogpost has underlined how financial institutions (FIs) can compete in the mobile banking sector following the shifts brought about by the Covid-19 pandemic.