Token driving UK open banking payments expansion, research finds
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.
Saudi Payments teams with IBM, Mastercard to launch instant payment system
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
Mobile payments platform RecargaPay secures $70m to smoothen digital financing
Brazil-based mobile payments company RecargaPay has raised $70m with the aim to further develop its payment platform.
Spendesk completes ?8m funding to support Europe expansion
Online payments company Spendesk has completed a ?2m funding round, alongside the launch of its plastic card and mobile app solution.
Alipay revamps international version of app ahead of Hangzhou Asian Games
Alipay has announced a revamped version of its international app with for overseas travelers to China ahead of the Hangzhou Asian Games.
How the coronavirus led to the UK upping the contactless payment limit to £45
Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.
Peter Thiel-backed B2B platform ShopUp inks $75m Series B
Bangladeshi B2B commerce platform ShopUp has secured $75m in a Series B funding round headed by Peter Thiel’s Valar Ventures.
Digital wallet spend to exceed $10trn by 2025
The total spend via digital wallets will exceed $10trn in 2025, according to new research from Juniper Research.
Rapyd snares $300m Series E to accelerate growth and acquisitions
US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.
Money Button announces new Invisible Money Button to make it easier to embed the...
Microtransactions company Money Button has unveiled the Invisible Money Button solution to make it easier for businesses using the platform to fully embed the payments into their website or app.
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