CBDCs to create ‘inevitable changes’ to payments landscape, McKinsey warns
A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).
Mastercard teams with Digital PayGo to support SME payments in Zambia
Mastercard has partnered with Digital PayGo to introduce a new mobile payments solution to help Zambian SMEs make and receive digital payments more safely.
Modern Treasury passes $2bn valuation following Altimeter-led Series C
Payments operation software platform Modern Treasury has raised $85m in a Series C funding round led by Altimeter Capital.
Pakistani BNPL player QisstPay secures $15m pre-seed and seed funding
QisstPay, a buy now, pay later (BNPL) company from Pakistan has raised $15m across its seed and pre-seed funding round to expand its team and services.
Retail point of sale market to be worth $34.4bn by 2026
New research suggests that the retail point of sale market will be worth $34.4bn by 2026.
BNPL market gets new big player as Mastercard launches Installments
Mastercard has entered the buy now, pay later (BNPL) market after it unveiled flexible payment platform Installments in the US, the UK and Australia.
Vyne closes UK’s largest seed round of any open banking startup
Account-to-account payments platform Vyne has closed its seed round on $15.5m in funding, in what it claims to be the biggest seed round of any UK open banking startup.
Branded payments company Recharge.com secures $35m Series B
Recharge.com, which has designed a selection of consumer-branded payments, has raised $35m in its Series B funding round.
Emerging markets set to lead mobile wallet uptake by 2025
A global study by Boku has found that emerging markets in Latin America and Africa and the Middle East are set to see the largest uptake in mobile wallets by 2025.
FinTech unicorn Pine Labs closes additional funding hot off heels of $600m investment
FinTech unicorn Pine Labs has received a $100m investment, which comes just hot off the heels of its $600m round.
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