Global spend for OTT to hit $25bn in 2023
The global spend for OTT (over-the-top) based conversational commerce is expected to rise from $13.3bn in 2022 to $25.1bn in 2023, according to a report from Juniper Research.
Sainsbury’s names Checkout.com as payments innovation partner
Payments service provider Checkout.com has been named by UK retailer Sainsbury’s to simplify and modernise its payment infrastructure across its business.
PayTech platform Ping scores $15m
Ping, a global payment platform for freelancers and contractors, has netted $15m in a seed funding round.
North African super app Yassir lands $150m
Yassir, a North African “super app” providing rideshare, food delivery and banking services, has raised $150m in Series B funding.
Capital One backs travel FinTech Hopper
Hopper, an online travel booking app, has raised $96m in equity funding from Capital One to support its growth and entry into social commerce.
Contactless mobile payment users to exceed 1 billion by 2024
The total number of unique contactless mobile payment users will reach one billion for the first time in 2024, according to a report from Juniper Research.
SME financial management FinTech FINOM buys PayTech Kapaga
FINOM, which offers a mobile-first financial management platform to SMEs and freelancers, has acquired cross-border PayTech Kapaga for an ‘eight figure sum’.
Nigerian PayTech Paga launches Visa physical and virtual cards
Nigerian payments and financial services company Paga has launched its Visa cards, which come in both physical and virtual forms.
India-based commerce platform Innoviti closes Series D on $45m
India-based commerce platform Innoviti Payment Solutions has collected $45m in its Series D round.
B2B payment platform Fintecture nets €36m
Fintecture, a B2B payment platform, has raised €36m in its Series A round, as it looks to grow its team.
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