Facebook introduces new payment service Facebook Pay
Social media giant Facebook is strengthening its push into the FinTech space by announcing the launch of Facebook Pay, a new way to shop, donate and transfer cash across Facebook, Messenger, Instagram and WhatsApp.
Digital payments giant PayPal acquires POS developer iZettle in $2.2bn deal
Digital payment giant PayPal has acquired fellow online payments platform iZettle in a deal worth $2.2bn.
Israeli bank launches digital wallet FibiPay to boost online payments
With an aim to disrupt and digitise the payment sector, the First International Bank of Israel launched new mobile wallet app, FibiPay.
US Payments Forum demystifies EMV migration
The US Payments Forum has updated the minimum requirements guide for the deployment of EMV technology for all companies looking to transition.
Fiserv, Selecta partner to bolster cashless payments footprint in EU
FinTech firm Fiserv has collaborated with self-service retailer Selecta to enhance and streamline digital payments across Selecta’s points-of-sale.
Toast raises $115m in Series D, valuing the company at $1.4bn
Restaurant management platform Toast has raised $115m in its Series D funding round, valuing the company at $1.4bn.
The digital payments market could balloon to be worth $12.4trn by 2025
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.
Close to half of all transactions expected to contactless by end of 2022
A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.
Tiller Systems said to close $13.8m Series B, with option for additional $9.3m
Tiller Systems, a restaurant and merchant POS terminal developer, has reportedly closed a $13.2m Series B round.
Swedish unicorn Klarna becomes valued at $5.5bn after raising a $460m equity round
Klarna, the payment and banking company, has raised $460m in a new equity funding round, which has pushed its valuation past the $5.5bn mark and makes it Europe’s largest FinTech enterprise.
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