Tag: Payments

One in four UK merchants predict open banking to become the most popular payment method by customers in the next five years, according to a report from Nuapay.

With the pandemic accelerating the shift towards a cashless ecosystem, just 5% of UK businesses only accept cash transactions, according to new research from YouLend and Dojo.

A quarter of UK consumers that had a declined payment in the past 12 months have no idea why it happened, according to research from global PayTech Trustly.

UK-based cross-border payment platform Kapaga has raised ?1.5m in a funding round led by Tiger Global.

B2B payments infrastructure-as-a-service TransferMate has reached a $1bn valuation after closing a $70m funding round.

Southeast Asia-focused payments infrastructure platform Xendit has closed its Series D funding round on $300m.

Cushion, which claims to be a leader in bank and credit card fee negotiation, has scored $12m for its Series A funding.

Interswitch, which is pioneering the shift to digitised payments, has scored $110m in funding.

LatAm-focused full-stack payments and digital payment platform Dock has reached a $1.5bn valuation after the close of a $110m growth round.

Open banking payments platform Token.io has scored $40m in its Series C funding round, as it looks to boost the shift to open banking.