The UK increases the contactless payments cap to £100
The UK’s Financial Conduct Authority has again upped the limit of contactless payments, with the cap on single transactions rising from £45 to £100.
Klarna becomes Europe’s highest-valued private FinTech after netting $639m in funding
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.
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.
Extend snares $40m from March Capital-led Series B
Digital payments infrastructure platform Extend has secured $40m from a Series B fundraising round.
PayTech Vartana launches following $57m seed raise
Managed checkout and buy now, pay later (BNPL) provider Vartana has launched following a $57m seed funding round.
Mexico’s digital payments service Clip secures $50m credit facility
Mexico-based commerce and digital payments platform Clip has received a $50m credit facility from Morgan Stanley, JP Morgan and HSBC.
Saudi Arabia’s FinTech horizon broadens with Mastercard-Geidea collaboration
Mastercard, a global pioneer in payment solutions, has joined hands with Geidea, the leading FinTech innovator in Saudi Arabia. The primary aim of this partnership is to broaden the access of consumers and businesses to world-class card and payment solutions.
PatientFi secures significant investment to enhance elective healthcare payments
PatientFi, a pioneering platform offering innovative payment and subscription solutions for elective healthcare, has announced a considerable growth equity investment.
Holvi teams up with SumUp to serve German SMEs
Finish banking service Holvi is partnering with mobile point-of-sale (mPOS) solution SumUp to serve small businesses in Germany.
AI-powered checkout system Standard Cognition bags $5m seed
AI-powered checkout system Standard Cognition has bagged a $5m seed funding round led by Charles River Ventures.
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