Mobile Payments

Challenger bank Pockit has been forced to freeze all customers' accounts because of the Wirecard scandal and tells users to go to local welfare assistance schemes if they can't pay for their essentials.

Klarna's losses grew sevenfold in the first six months of 2020 and now its ongoing conflict with the Swedish government has taken another turn.

Payment giant Visa has made a strategic investment into Global Processing Services (GPS), a payments issuer processor.

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

With an aim to disrupt and digitise the payment sector, the First International Bank of Israel launched new mobile wallet app, FibiPay.

Melbourne-based cross-border FinTech Airwallex raised another $100m in an extension to its Series D round.

Payment solutions provider MYPINPAD has expanded its presence into Australia after it received certification from the Australian Payments Network (AusPayNet).

New Zealand-based buy now pay later firm Laybuy has closed a A$35m capital raise to further its push into the UK market.

Swedish-based BNPL giant Klarna raised more than $639m in a new private fundraising round, led by Japan’s SoftBank, boosting its valuation to almost $46bn.

A new report by the Emerging Payments Association EU (EPA EU) and The Paypers offers a review across Europe’s individual payments markets, ranking the key players according to their place in the value chain and several financial indicators.