Mobile Payments

Payments as a service company Finexio has netted $23m in a round led with a strategic investment from Medalist Partners, an alternative credit manager based in New York.

The digital payment industry is set to grow to be worth $154.1bn by 2025, according to new research.

SpendHub users can now tap into Apple Pay and Apple Wallet to access their SpendHub credit cards for secure in-store and online purchases.

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.

FinTech Paynetics has acquired the corporate payout card portfolio of Wirecard UK and Ireland.

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.

India-based Razorpay has picked up another $100m in Series D funding round co-led by Sequoia India and GIC. Sequia had previously backed Razorpay's $75m Series C round in 2019.

Toronto-based mobile banking startup XTM has announced it will begin shipments and installations in early October of its new so-called Reverse ATMs to large venues and stadiums across North America.

French mobile payment app Lydia has tapped Swedish FinTech Tink to use its open banking technology, empowering it to leverage access to PSD2 APIs across Europe.

UK-based FinTech Primer is launching a unified payments API and checkout tool to help merchants connect with payment providers.