P2P Payments

PayTech CellPoint bags $25m to fuel international expansion

Digital commerce and payment provider CellPoint Digital has scored $25m in funding from an equity financing round.

Judopay taps Mastercard to help bolster its Click to Pay solution

Mobile payments provider Judopay has teamed with Mastercard to help strengthen the latter’s Click to Pay product.

Bank of Indonesia unveils new retail payments system

The Bank of Indonesia has launched a new retail payments system to help cut the cost of money transfers and support the growth of the digital economy.

EBANX acquires remittance start-up Remessa Online in $229m deal

Payments unicorn EBANX has purchased remittances company Remessa Online in a deal valued at $229m.

Taptap Send lands $65m to advance fight against global financial inequality

Cross-border financial platform Taptap Send has reeled in $65m from a Series B funding round led by Spark Capital.

Currencycloud becomes a Visa company

Visa has officially acquired cross-border payments firm Currencycloud in a deal valued at £700m.

Thoma Bravo to acquire PayTech Bottomline in $2.6bn deal

Private equity firm Thoma Bravo has entered a deal to acquire business payments company Bottomline Technologies in an all-cash transaction worth $2.6bn.

Amazon taps Barclays to provide flexible payment offering to customers

Amazon has partnered with Barclays to secure access to Instalments, a flexible payment service that will enable Amazon customers in the UK to pay for products in instalments.

PayTech Papaya squeezes $50m from Series B to continue expansion

Mobile bill payment application Papaya has raised $50m from a Series B funding round headed by Bessemer Venture Partners.

Card issuing powerhouse Marqeta backs Connexpay in Series B raise

Payments gateway ConnexPay has snared $20m from a Series B funding round headed by card issuing giant Marqeta.

News Stories

Alibaba Cloud bets on Europe as enterprise AI goes live

Alibaba Cloud bets on Europe as enterprise AI goes live

Alibaba Cloud, a cloud and AI infrastructure provider, is expanding its global data centre footprint and rolling out new AI products as financial services...
CRS 2.0 is changing what “compliance ready” means

CRS 2.0 is changing what “compliance ready” means

Fund administrators are facing greater pressure from their own clients as CRS 2.0 shifts tax reporting from a periodic compliance exercise towards an ongoing...
CDD

South Africa’s CDD bar rises after FATF greylist exit

Customer due diligence (CDD) has grown from a simple know your customer (KYC) exercise into one of the most demanding parts of the anti-money...
RegTech

AI fatigue is reshaping how banks choose RegTech providers

Financial institutions have poured significant sums into technology meant to simplify complex operations. Sometimes it delivers. Often, however, the real difficulties only surface once...
Blended renewal rates hide group benefits risk

Blended renewal rates hide group benefits risk

Group benefits carriers could be leaving money on the table or eroding persistency by relying on whole-case rate actions at renewal, according to pricing...

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