Mobile Payments

Mobile wallet targeted at the underbanked FlexM has raised $886,000 in a seed round of funding from mobile payments platform MatchMove.

Apple’s Q3 2016 results may be overshadowed by its third straight quarter of declining revenue but Apple Pay registered strong growth over the period.

Indonesian ride-hailing service Go-Jek is buying regional payments startup MVCommerce the company behind mobile payments service PonselPay.

East African payments processor Direct Pay Online Group (DPO Group) has received an investment from Apis Partners.

PayPay is making it easier for European e-commerce companies to attract Chinese customers through a partnership with UnionPay.

Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.

Iatai Enterprises, a FinTech and InsurTech company serving Latin America and the Caribbean, has raised $5m in a funding round. The capital comes from private equity fund CASEIF III LP.

One97 Communications, which operates Indian m-commerce platform Paytm, has raised $60m as a first step towards reaching a targeted $300m for its new round of funding.

Two of China biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It seen as a major step towards international expansion.

US payment processing firm BluePay is partnering with New York startup CardFlight to bring its EMV mobile point-of-sale (POS) solution to clients.