Mobile Payments

FinTech firm Paysend teamed up with Mastercard to boost its global market reach and enhance its customer base.

A consultation conducted by the European Central Bank found privacy would be valued most in consideration of a potential future digital euro.

Canadian FinTech company Wealthsimple has raised C$750m from a funding round led by Greylock and Meritech.

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.

Visa has introduced its first Tap to Phone pilot in the US to support companies in making their operations more digitalised.

Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Financial comparison site money.co.uk slammed buy now, pay later firm Klarna founder for claims that it offers a fairer and more equitable platform for consumer spending than credit cards.

Payments operation software platform Modern Treasury has raised $85m in a Series C funding round led by Altimeter Capital.

Brazilian firm TruePay has secured $32m from a financing raise led by venture capital company Addition. being described as one of the largest ever Series A rounds in Brazil.