Mobile Payments

UK FinTech Novus has secured regulatory approval from the Financial Conduct Authority (FCA) to launch as a company later this year.

One97 Communications, parent company of digital payments platform Paytm, filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi).

UK payment platform ProjectPay has introduced a software-as-a-service (SaaS) platform to help simplify and streamline payments in the building and construction industry.

Kuwaiti-based Boubyan Bank has introduced a digital-centric, Sharia-compliant bank in the UK.

International payments provider Vitesse has picked Alessa by Tier1 Financial Solutions to help enable secure real-time global payment transactions.

With the aim to launch financial services, including financing and credit card issuing, Singapore-based startup Tinvio raised a $12m Series A led by AppWorks Ventures.

Mastercard and Verizon Business have entered a strategic partnership aimed at bringing ‘transformational solutions’ to the global payments and commerce industry.

Apple is working on a service that will let users pay for purchases in instalments in partnership with Goldman Sachs, sending shares of Afterpay and other buy now, pay later (BNPL) companies sharply lower.

Swedish FinTech Klarna acquired HERO, a social shopping platform that provides consumers with advice and shoppable content coming directly from retailers’ physical stores, with the aim to bring the best of in-store experience for its 90 million consumers.

India-based mobile wallet service firm MobiKwik filed a Draft Red Herring Prospectus (DRHP) filing for its IPO to raise $255m, becoming the latest Indian startup to explore the public markets.