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Airwallex scoops up $13m to take B2B remittances global
Australian cross-border payments service Airwallex has landed $13m in a round led by Chinese web giant Tencent. Sequoia Capital China, MasterCard and existing backer Gobi Ventures also participated.
Mastercard gets the thumbs up for $920m VocaLink takeover
Mastercard has been given the green light by regulators for its $920m acquisition of VocaLink.
Kasisto nabs $9.2m for financially-trained chat bots
Conversational artificial intelligence startup aimed at financial services Kasisto has raised $9.2m in a Series A round led by Propel Venture Partners.
Swedish mobile POS iZettle picks up another €60m
Swedish mobile point-of-sale (POS) payments firm iZettle has raised another €60m in a round made up of debt and equity from existing backers.
Remittances are driving financial inclusion thanks to mobile
The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more.
PayKey unlocks $6m to bring P2P payments to messaging
Peer-to-peer payments service PayKey has raised $6m in a Series A round of funding co-led by e.ventures and Gaby Salem of Wharton Asset Management.
MasterCard launches payments service for Chinese students
MasterCard is making it easier for Chinese users to pay for tuition and other costs in the US through a new partnership with online payments service Plastiq.
PayPal heads to the checkout with MasterCard deal
PayPal and MasterCard are expanding their partnerships to the checkout by increase PayPal's footprint at the point of sale through contactless payments.