PayTech

Israel-based WaveBL, a pre-eminent provider of electronic Bills, has successfully clinched $26m in a recent funding round, cementing its standing as a global frontrunner in the digital trade document industry.

The EU’s new strong customer authentication (SCA) rules have put more pressure on online retailers to ensure shoppers are who they say they are. Now, a UK-based FinTech might have a solution.

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

Having lost some of its founding members when the public scrutiny got fierce, the Libra Association has now added Checkout.com to its membership as things seem to be moving faster for the cryptocurrency project.

Smartphones, digital payment cards and point-of-sale terminals are expected to drive the growth of the value of the global mobile payments market from $3.71trn in 2019 to $12.4trn by 2025.

TerraPay, the payments infrastructure company, and Visa have formed a strategic partnership to develop and deliver payment solutions to drive financial inclusion.

American Express, Visa, Mastercard and Discover have already signed up 10,000 US merchants since launching the Click to Pay standard in the US in 2019 and is now expanding the scheme across the world.

The European Digital Payments Industry Alliance (EDPIA) has named payments infrastructure developer SIA as the latest member of the group.

Chinese tech powerhouse Ant Financial has filed for what could be the biggest initial public offering ever, which could see the company raise $30bn.

India-based e-commerce and cashback company CashKaro has secured $10m in a series B funding round.