PayTech

CredPal, a Nigerian FinTech company that offers buy now, pay later services, has reportedly collected $15m in a bridge round comprised of equity and debt.

The Bank of Jamaica is reportedly exploring regulatory framework for electronic payment service providers and is looking for industry proposals by January 15 2021.

Conduent Incorporated, a technology-powered process solutions company, has collaborated with BNY Mellon to launch a new Digital Integrated Payments Hub.

Payable, an open banking platform that helps bill payment management, has secured a $700,000 investment from x15ventures.

The AMTD Singapore Solidarity Fund has completed the first five FinTech investments of its new S$50m ($36.7m) fund.

Private equity firm Development Partners International (DPI) has injected $54m into Channel VAS, the FinTech company.

Payment as a service API platform Modulr has closed a ?18.9m in growth capital, just months after closing its former round.

Banked, a global real-time payments network, has closed its Series A funding round on $20m.

Mastercard, a global technology company in the payment industry, and MTN Group Fintech, a leading digital financial services arm of Africa's largest mobile network operator, have joined forces in a landmark partnership. This collaboration aims to drive the acceleration of the mobile money ecosystem across Africa, impacting 13 markets.

Challenger bank Zenus Bank has been permitted to act as a bank, taking it one step closer to its stated goal of enabling remote banking access for people around the world.