PayTech

PayPal and MasterCard are expanding their partnerships to the checkout by increase PayPal's footprint at the point of sale through contactless payments.

Divido, a point-of-sale financer, has raised £2.5m ($3.3m) in round of seed funding. The capital comes from Mangrove Capital Partners and DN Capital.

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

Mobile finance tool for workers in the field Payzer has raised $4.25m in a Series B round of equity capital.

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Financial services technology company Fiserv is partnering with Early Warning to offer the company’s clearXchange peer-to-peer payments service.

Singapore-based point-of-sale (POS) technology company Eleos has received S$3m ($2.2m) in funding from telco M1’s subsidiary M1 TeliNet.

Mobile payments company Square beat Wall Street’s expectations to report a 41% year-on-year jump in revenue for the second quarter of 2016.

Canadian sales financing company Flexiti Financial has secured $5m in a Series A round led by Globalive Capital.

London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.