Fifth Third Bancorp to bolster FinTech portfolio with acquisition of Rize Money
Fifth Third Bancorp, a US-based financial services company, has announced its acquisition of Rize Money, a Virginia-headquartered embedded payments platform.
Crypto wallet Zumo launches virtual Visa debit card where users can pay by crypto
Edinburgh-based cryptocurrency wallet and payment platform Zumo launched a virtual card offering to enable users spend cryptocurrencies.
Just 5% of UK businesses only accept cash transactions
With the pandemic accelerating the shift towards a cashless ecosystem, just 5% of UK businesses only accept cash transactions, according to new research from YouLend and Dojo.
In-vehicle payment market anticipates huge 5000% growth spurt by 2026
A recent study by Juniper Research has found that the in-vehicle payment market will see growth of over 5,300% over the next five years.
Trustly acquires SlimPay in €70M deal
Swedish payments firm Trustly has acquired SlimPay in a €70M deal, sit looks to continue its European expansion plans.
Autonomous checkout developer Standard Cognition bags $40m Series A
Standard Cognition, an AI-powered autonomous checkout solution, has raised $40m in its Series A round of funding.
Token driving UK open banking payments expansion, research finds
Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.
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.
Southeast Asia payment giant Xendit bags Series D
Southeast Asia-focused payments infrastructure platform Xendit has closed its Series D funding round on $300m.
Payments API Modulr closes ?18.9m growth funding
Payment as a service API platform Modulr has closed a ?18.9m in growth capital, just months after closing its former round.
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