Razorpay seeks to double its valuation to $2bn via plans to secure up to...
FinTech startup Razorpay is reportedly in talks with existing investor Singapore investment fund GIC to raise circa $150m to $200m in a new financing round.
PhonePe bags investment from Flipkart just days after its partial spinout
Digital payments app PhonePe has reportedly collected a $20m investment from e-commerce giant Flipkart.
EBANX acquires remittance start-up Remessa Online in $229m deal
Payments unicorn EBANX has purchased remittances company Remessa Online in a deal valued at $229m.
Contactless payment market anticipates soaring growth into 2025
A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.
Daimler acquires PayCash Europe to launch Mercedes pay
Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.
ECB consultation finds privacy is key in future digital euro
A consultation conducted by the European Central Bank found privacy would be valued most in consideration of a potential future digital euro.
Cash remains king in Britain as 83 per cent make weekly payments with physical...
The Payment Systems Regulator (PSR), the subsidiary of Britain’s Financial Conduct Authority, has revealed physical money still pays a roll in the UK.
PayEm continues strong 2021 with $27m funding raise
Global spend and procurement platform PayEm has pulled in $27m in funding over two rounds following a strong fiscal 2021.
Nium nets $200m to become first global B2B payments unicorn from Southeast Asia
Nium, a global B2B payments platform, has raised over $200m in a Series D round led by Riverwood Capital to accelerate its product roadmap and drive global expansion.
CBDCs to create ‘inevitable changes’ to payments landscape, McKinsey warns
A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).
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