Mobile Payments

Digital banks are on the rise Down Under. However, competing with the big four banks won’t be a walk in the park.

Primer has launched UpliftAI, a first of its kind AI payments tool designed to empower online merchants to predict, optimise and deliver the highest possible authorisation rate across all global processors to drive revenue growth.

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.

Cedar, a financial engagement platform aimed at patients, has hit a $3.2bn valuation following the close of a $200m Series D.

UK FinTech giant Revolut is to use Stripe, a financial infrastructure platform for businesses, to support payments in the UK and Europe and accelerate its expansion into new markets.

Cross-border financial platform Taptap Send has reeled in $65m from a Series B funding round led by Spark Capital.

HyperJar, a leading digital wallet company, has proudly unveiled the successful finalisation of a $24m Series A funding round. The investment round witnessed leadership from Susquehanna Private Equity Investments, LLLP, and received notable participation from the Healthcare of Ontario Pension Plan (HOOPP).

A trial conducted by central banks in Thailand and Indonesia will see the implementation of cross-border QR payments across both countries.

Contactless payments provider ToneTag has reportedly picked up a $1.33m funding round.

FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.