Mobile Payments

A pilot program by UK micropayments firm Shrap has begun two pilot programs in Essex and Denny, Scotland to trial and test scalable solutions to help keep cash sustainable.

Sunbit, a company building financial technology for everyday expenses, has closed a $250m revolving debt facility.

Payments solutions provider Checkout.com has closed a $450m Series C funding round at a $15bn valuation, making it Europe's most valuable venture-backed FinTech.

Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.

Telegram's battle with the American authorities has ended with the social media app agreeing to pay back all the proceeds made from its cryptocurrency project and to pay a hefty fine.

Mastercard has partnered with Digital PayGo to introduce a new mobile payments solution to help Zambian SMEs make and receive digital payments more safely.

Global mobile top-up group Ding has gobbled up smaller sector player Transfert Crédit getting access to the French market.

Customer experience management company Paytronix Systems has secured $10m in funding to ensure it is on sound financial footing through the COVID-19 crisis.

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

Plug and Play's European FinTech-focused accelerator has revealed the names of the eight startups selected for its sixth batch.