Mobile Payments

The global payments industry could cash in on an additional $500bn by 2025, but at the same time old school bankers could lose $280bn of that by not adopting new technology.

Nigeria is at the centre of Africa’s FinTech revolution. Native Carbon aims to play a pivotal role in creating a thriving ecosystem where men and women have access to financial services.

The Nigerian challenger bank Kuda has raised $1.6m in a pre-seed investment round after launching the beta version of its online mobile finance platform and getting a banking licence from the Nigerian Central Bank.

Indian FinTech unicorn Paytm lost $549m in the financial year ending in March.

Hot on the heels of the news that it has become Europe’s biggest FinTech unicorn, Klarna is gearing up for further growth with a new partnership.

Payment platform PayPal has removed an account used by the Ku Klux Klan to raise money.

Revolut has announced plans to open a customer operation centre in Porto, Portugal. The move will create 400 new jobs, according to the payments app.

Americans are not using their smartphones to pay for stuff as much as other nations, according to Bain, the management consultancy.

Digital payments in India have grown by 12.7% over the last year, according to a new report by accountancy giant KPMG.

Digital payments solutions company Wirecard has joined forces with WHSmith. Together, the two aim to give the retailer more opportunities to cash in on digital payments.