PayTech

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities.

Paysafecard, a provider of online prepaid cards and part of Paysage Group, has extended its partnership with G2 Esports for its fourth year.

Mastercard has agreed to acquire the majority of payments processor Nets in a deal worth $3.19bn.

Klarna, the payment and banking company, has raised $460m in a new equity funding round, which has pushed its valuation past the $5.5bn mark and makes it Europe’s largest FinTech enterprise.

Anglo-Gulf Trade Bank is a new venture supported by Microsoft and Publicis Sapient, the digital business transformation hub of Publicis Groupe, the communications group.

Mastercard has formed a partnership with payment solutions and card issuing company Edenred to launch a test pilot of biometric cards in Mexico.

KOHO, the Canadian challenger bank, has announced a new cashback programme and a new merchant-specific rewards.

ePayRails, a payments-as-a-service provider, has collected $2.45m in its Series A round.

American Express has revealed plans to acquire digital payment company ACOM Solutions.

Real-time payments is quickly picking up in popularity and is no longer optional for banks.