Mobile Payments

Abu Dhabi Islamic Bank (ADIB) has teamed up with FIS to upgrade its digital payment infrastructure with the aim to provide instant payment to its customers.

Banking giant HSBC Bank USA launched a multi-currency digital wallet dubbed ‘HSBC Global Wallet’ that enables businesses to make international payments from one single global account.

Swedish open banking startup Tink is set to acquire German firm FinTecSystems for an undisclosed amount.

US-based Google Pay users can now remit money to GPay users in the Indian subcontinent via the Google Pay app as the company forays into international payments.

Edinburgh-based cryptocurrency wallet and payment platform Zumo launched a virtual card offering to enable users spend cryptocurrencies.

Brazilian payment technology firm CloudWalk has raised $190m from a Series B funding round.

American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.

Payments giant Mastercard has collaborated with Billetera to offer digital payments to consumers in the Democratic Republic of Congo (DRC).

UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.

UK FinTech Lanistar has secured Financial Conduct Authority (FCA) approval to operate as an Electronic Money Directive (EMD) agent of payments business Modulr.