CFX Labs bags $9.5m in seed funding to transform global payments processing
CFX Labs has finalised the closing of a $9.5m seed funding round, and is now aiming to use the capital to transform global payment processing.
Philippines and Singapore regulators to collaborate on payments
The Philippines Central Bank and the Monetary Authority of Singapore have singed a cooperation agreement to support payments between the two countries.
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Paymynt Financial unveils new blockchain-based multicurrency smart card
Boston-based FinTech company Paymynt Financial said to launch MYNT PayCard, a multicurrency hardware wallet.
FCA censures Premier FX for breaking payment services rules
A City watchdog has publicly censured collapsed payments company Premier FX for failing to safeguard its customers’ money and for misuse of its payment accounts under the Payments Services Regulations.