PayTech

The mobile wallet market size was valued at $1.04trn in 2019 and is projected to reach $7.58trn by 2027, growing at a compound annual growth rate of of 28.2% from 2020 to 2027, according to new research.

While the downfall of Wirecard may the big story in the FinTech industry, it would be a mistake to not take a closer look at the investment rounds announced in the sector over the past seven days.

As the Wirecard scandal continues to cause shock waves across the FinTech industry, Germany's lawmakers are calling for a total revamp of the regulatory oversight system.

Banked, which support real-time payments, has reportedly secured $2.35m in a seed funding round led by Force Over Mass.

Mobile payments fraud-prevention and authentication provider Paygilant has been tapped by digital bank Surf Bank Brazil to help it fight fraud.

Following the collapse of Wirecard last week, the German FinTech is now facing intense scrutiny from the authorities.

Transactions processed by virtual cards is expected to treble over the next five years to exceed a colossal $5trn, a new study from Juniper Research claims.

Nigerian-based FinTech Wallets Africa, which gives consumers an app to manage their money, has closed a new investment round as it looks to grow its presence in Africa.

The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.

FinTech in Latin America is getting really hot and RS2 has taken steps to not miss out on the opportunities in the region.