Tag: Payments

New research suggests that the value of the global smart card market could grow to reach $75bn by 2026.

Digital transformation and changing consumer demands are driving the maturation of the global payment as a service market at an expected compound annual growth rate of 16.9% in the next seven years.

Smartphones, digital payment cards and point-of-sale terminals are expected to drive the growth of the value of the global mobile payments market from $3.71trn in 2019 to $12.4trn by 2025.

Indonesia-based PAYFAZZ has reportedly raised $53m in its Series B round which was led by B Capital Group and Insignia Venture Partners.

Anti-fraud company Vesta has reportedly secured $125m in a funding round to support its global expansion initiatives.

B2B payment and credit network Fundbox has closed an investment from MUFG Innovation Partners, less than a year after closing $326m in debt and equity.

Zapaygo, which lets consumers pre-order and pre-pay at food and beverage vendors, has stormed past its crowdfunding target, to raise up to £557,150 in funding.

The Financial Conduct Authority (FCA) has made another initiative to protect financial customers, this time by asking payment firms for their insights.

UAE-based P2P payments app Ziina has reportedly closed a pre-seed funding round on $850,000.

Corporate credit card company Brex has bagged $150m in funding, which will help the company to bolster its engineering and product design efforts.