Mobile Payments

Voyager Innovations, the Philippines-based technology company behind the end-to-end money platform PayMaya and neobank Maya Bank, has raised $210m.

Blackfish, a China-based e-commerce and mobile payments solution, has raised $50m in its Series A+ round.

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

Mobile payments company Lydia has scored €40m in its Series B round which was led by Tencent.

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

The Financial Stability Board (FSB) has published a roadmap to enhance cross-border payments, which will be delivered to G20 finance ministers and central bank governors at a October 14 meeting.

South African FinTech company Stitch has announced that it has landed $25m in a funding round as it looks to become a leader in the global payments landscape.

?Total funding in the sector over the last five years surpassed $66bn as digital payment methods become more common.

A pop-up salon and an armada of Tuk Tuks are part of the new partnership between buy now, pay later unicorn Klarna and fashion designer Olivia Rubin.

Amazon has partnered with Barclays to secure access to Instalments, a flexible payment service that will enable Amazon customers in the UK to pay for products in instalments.