Mobile Payments

Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.

UK specialised payments platform Paysafe has entered an agreement to purchase alternative payments platform PagoEfectivo for an undisclosed fee.

YOOX NET-A-PORTER GROUP, the online luxury and fashion company, has partnered with Klarna, the buy now pay later service to boost customer experience and payment options.

While BharatPe’s massive Series E round may have secured the most headlines last week, CyberTech ventures bagged the most capital injections.

Payment platform APEXX Global has revealed that four new buy now, pay later (BNPL) firms have joined its BNPL Connect aggregator.

UAE-based buy now, pay later (BNPL) company tabby has concluded a $50m Series B funding round led by Global Founders Capital and STV.

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

Merchant payments and financial services provider BharatPe raised $370m in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management.

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.