PayTech

Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.

London-based buy now pay later FinTech Zilch secured $110m of debt and equity funding from Goldman Sachs Asset Management and DMG Ventures - the venture capital arm of the Daily Mail and General Trust plc.

Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.

The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.

PayPal is set to acquire Japanese buy now, pay later firm Paidy for $2.7bn as the US payments company looks to expand its reach in the Asian country.

Singapore-based Spenmo, which builds payment software for companies, has netted $34m in its Series A round.

A study by Juniper Research has found the transaction value of business-to-business domestic payments across payment methods is expected to surpass $54trn in 2023.

Switzerland-headquartered ZoodPay, the Buy Now, Pay Later (BNPL) app, has secured $38m in Series B funding, as it accelerates its expansion in Iraq.

Enfuce, a European card-as-a-service (CaaS) platform, has scored €45m in its Series C funding round

UK-cross border retail has declined by 71%, according to research by payments platform Adyen.