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The number of credit cards issued via digital card issuance platforms will exceed 321 million globally by 2027, up from 120 million in 2023.
Raylo, which provides UK consumers with access to tech products through subscription, has received £110m in debt financing from NatWest bank and Quilam Capital.
Global spend on B2B cross-border payments is expected to exceed $40trn by the end of 2024, rising from $27trn in 2022, according to a report from Juniper Research.
A Universal Digital Payments Network for stablecoins and CBDCs has been launched at the World Economic Forum in Davos.
Digital payments app PhonePe becomes a decacorn following the closing of a $350m funding round, which doubles its valuation to $12bn.
Tabby, a BNPL services company based in the MENA region, has closed its Series C round on $58m, which brings its valuation to $660m.