Point of Sale

Research by Splitit has found that 54% of UK credit card users plan to use buy now, pay later (BNPL) services this year.

Managed checkout and buy now, pay later (BNPL) provider Vartana has launched following a $57m seed funding round.

A survey by Icon Solutions has found the Request to Pay payment method is expected to challenge current payment methods such as direct debit and payment cards in the near future.

FinTech company Zilch has revealed it has expended its partnership with Mastercard to help bring the former’s buy now, pay later (BNPL) card digital card to Europe.

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

Ryft, a PSD2 compliant payments system, has closed a seed round, which was led by UK-based investor SFC Capital.

Denmark-based Vibrant, which turns Android mobile devices into point-of-sale terminals, has bagged €4m in its seed round.

Adyen, a global payments platform, has released its Android point of sale (POS) terminals in the EU, UK and the US.

The Bank of Indonesia has launched a new retail payments system to help cut the cost of money transfers and support the growth of the digital economy.

Private equity firm Thoma Bravo has entered a deal to acquire business payments company Bottomline Technologies in an all-cash transaction worth $2.6bn.