PayTech

J.P. Morgan has acquired a 48.5% stake in Viva Wallet, a cloud-based neobank, alongside a €100m cash injection.

Coverflex, an employee benefits platform, has landed €15m in a Series A funding round led by SCOR Ventures.

European BaaS platform Intergiro has teamed up with Swiss payment solution Retreeb to launch a sustainable payment solution across Europe.

Credit card provider Yonder has reportedly raised £62.5m in its Series A funding round, which comprises £12.5m in equity and £30m in debt financing.

Aliaswire, a trailblazer in advanced technological solutions, recently launched PayVus, a state-of-the-art platform created to aid small and midsize business (SMB) owners.

The Department of Economy and Tourism (DET) of Dubai and Mastercard, a front-runner in payment innovation globally, have inked an innovative Memorandum of Understanding. The pivotal Digital City Partnership will further bolster Dubai's economic expansion in line with the ambitious Dubai Economic Agenda, D33.

UpSWOT has announced a pilot partnership with NerdWallet Small Business (NWSB) as they look to enhance the financial services offered to their SMB customers. 

Guavapay, a FinTech firm based in London, has teamed up with Yapily, a market leader in open banking infrastructure.

Hitachi recently unveiled its Money Spot UPI ATM, which allows customers to make cardless withdrawals using a United Payments Interface app.

Mercedes-Benz is joining forces with Mastercard to introduce embedded in-car payments at the point of sale.