Mobile Payments

SoftPOS FinTech startup Phos has secured €2m in funding as it plans a Series A round later in the year.

Chinese mobile payments giant Alipay is heading stateside through a partnership with First Data that will see the Ant Financial-owned service increase its international presence further.

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.

Nigerian-based FinTech Wallets Africa, which gives consumers an app to manage their money, has closed a new investment round as it looks to grow its presence in Africa.

Salt Lake City-based Galileo has just announced that its open for business in Mexico City as a wave of investments washes over Latin American FinTech companies.

Bank customers were left unable to access their money after neobank Monzo’s services went down on Monday July 29.

London-based payments company Volt has introduced Volt Connect – a new cash management service aimed at making the open banking payment process more transparent.

Denmark-based buy now, pay later (BNPL) firm ViaBill has secured $120m from an equity and debt round to bring the payment method to physical retail.

Just a few weeks after Klarna was named Europe's most valuable FinTech company on the back of a $650m round, the Swedish decacorn has now received new investment from Macy's.

JP Morgan Chase is ramping up its mobile payments offering through the acquisition of MCX payments technology.