PayTech

Online Philippine payment provider PayMongo has raised $2.7m in order to leverage the country’s central bank’s ambition to go increase cashless payments by 20%.

Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.

Myanmar-based, Onepay has just been launched with the support of Asia Green Development Bank (AGD)

American Express is planning to launch a service to enable UK consumer quickly and securely pay for goods and services online and on the go directly from their bank account.

Frankfurt-based Commerzbank will reduce its workforce by 4,300 people and close 200 branches amidst struggles with falling revenues.

The payment processing unicorn Stripe has joined the Silicon Valley elite after netting a $250m funding round and a $35bn valuation.

TouchBistro, an iPad POS and integrated payment solution for restaurants, has raised CAD $158m ($118.9m) in its Series E.

Google Pay is expanding in India with a new platform for merchants. The Spot Platform will empower businesses owners to create branded commercial experiences that bridge the offline and online worlds.

Credit card startup Petal has received $300m in debt capital from global investment bank Jefferies, adding to a previous $30m facility last year.

The backer and incubator of several FinTech companies Rocket Internet has had a smashing start of 2019.