CBDCs to create ‘inevitable changes’ to payments landscape, McKinsey warns
A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).
Colombian FinTech Movii closes Series B on $15m
Movii, a Colombian FinTech aimed at helping people buy products around the world, has reportedly raised $15m in its Series B funding round.
Mastercard teams with Digital PayGo to support SME payments in Zambia
Mastercard has partnered with Digital PayGo to introduce a new mobile payments solution to help Zambian SMEs make and receive digital payments more safely.
Over 25% of non-cash transactions to be instant and e-money payments by 2025
A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.
Modern Treasury passes $2bn valuation following Altimeter-led Series C
Payments operation software platform Modern Treasury has raised $85m in a Series C funding round led by Altimeter Capital.
Volume of mobile transactions expected to surge
The volume of mobile transactions is expected to surge by 93% in the next two years.
Hopscotch launches from stealth to improve B2B payment experiences
Hopscotch, which is designing consumer-like experiences for the B2B payments space, has surfaced from stealth, alongside the close of a $3.6m seed round.
HKMA initiates first CBDC steps with whitepaper launch
The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.
Pakistani BNPL player QisstPay secures $15m pre-seed and seed funding
QisstPay, a buy now, pay later (BNPL) company from Pakistan has raised $15m across its seed and pre-seed funding round to expand its team and services.
Retail point of sale market to be worth $34.4bn by 2026
New research suggests that the retail point of sale market will be worth $34.4bn by 2026.
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