Y Combinator-backed Cashfree lands funding from SBI for its payment platform
Digital payments and banking technology company Cashfree received an undisclosed funding amount from the State Bank of India (SBI) at a valuation of around $200m.
Could Christmas be the death knell for credit card payments?
A recent report by Klarna has found that one in two UK consumers are planning to discard their credit card entirely for Christmas shopping this year.
Revolut becomes latest unicorn following $250m Series C
London-based banking app Revolut has become the newest FinTech unicorn following its latest $250m funding round.
Japanese mobile payments company Coiney wraps up $7.1m
Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. The Tokyo-based firm offers a range of payments technologies to merchants.
London-based FinTech Paysafe to acquire German firm viafintech in all-cash deal
London-based Paysafe has signed a definitive agreement to acquire German FinTech company, viafintech, in an all-cash transaction.
EdfaPay secures pre-seed for Saudi PayTech
Saudi-based FinTech EdfaPay has raised $1.6m in a pre-seed round led by Nuwa Capital InspireUs VC and Wallan Investment Group.
JP Morgan taps blockchain for improving money transfers
Investment bank and financial services juggernaut JP Morgan has revealed it is using blockchain technology to improve money transfers between banks globally.
Zūm Rails unveils new anti-fraud tools to strengthen payment security
Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.
Alipay forms third partnership this month with companies in the Americas
Alipay has formed its third strategic partnership this month, completing a deal with Openpay (Mexico).
Payhawk partners with Yapily for instant payment top-ups
Payhawk has announced that it has aligned itself with open banking API Yapily, to enhance their Payhawk wallets.