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Payment technology and service provider EVO Payments has secured a $150m investment to help it continue with strategic initiatives during the coronavirus pandemic.

Japanese digital bank Kyash has collected $45m in its Series C round, coming less than a year after it closed its Series B on $14m.

Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.

Bulgaria-based payments company Paynetics has closed a new €2.5m investment round.

phyre, a Bulgarian payments startup, has reportedly netted €1.55m in funding.

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

The size of online payment market is set to rise as more customers get smartphones, according to new research from Valuates Reports.

?Total funding in the sector over the last five years surpassed $66bn as digital payment methods become more common.

Britain has fallen behind other countries like Sweden when it comes to removing physical money from its economy. However, the COVID-19 outbreak might change that.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.