PayU buys controlling stake in FinTech PaySense at a $185m valuation
Dutch PayTech company PayU has acquired a controlling stake in Indian FinTech startup PaySense. It plans to merge it with its consumer lending business...
TransferWise gains direct access to the UK’s Faster Payments Service
London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.
InstaReM to offer e-KYC services to customers in Malaysia
InstaReM, a cross-border payments company, will offer free electronic-Know Your Customer (e-KYC) to residents of Malaysia.
Western Union supports money transfers in Vietnam with MoMo
Multinational financial services firm Western Union has signed a collaboration deal with MoMo to facilitate money transfers in Vietnam.
What were the biggest PayTech deals of 2021?
In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.
Nearly £2bn lost annually by online retailers due to lack of available payment methods
A survey by Merchant Advice Service has found over £1bn is lost every year by online retailers due to a lack of available payment methods.
Indonesia-based digital wallet DANA raises funding
Indonesia-based digital wallet DANA has closed a funding round from Sinar Mas and leading e-Commerce company Lazada Group.
Airtel Africa picks up $100m cash infusion from Mastercard to boost digital payments in...
African mobile money business Airtel Africa secured $100m from credit card giant, Mastercard.
European FinTech Ebury becomes Parma Calcio 1913 kit sponsor
Ebury, a European FinTech helping to simplify international trade, has announced its sponsorship with Serie B team Parma Calcio 1913 for the rest of the 2022/23 football season.
Zaver banks $5m to facilitate cardless and BNPL payments in the durables sector
Zaver, a Swedish FinTech enabling merchants to accept cardless payments and offer buy-now-pay-later (BNPL) services, raised $5m in new funding.
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