Tag: Payments

Bulgaria-based payments company Paynetics has closed a new €2.5m investment round.

Barclaycard is set to increase the spend limit for contactless payments to £45 from 1 April 2020.

While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.

Social payments app VibePay has released a new service which enables users to request payments from anyone, not just through their contacts list.

While the UK and France may prefer credit cards and e-wallets, the rest of Europe would rather pay other ways when buying things online.

Bulgarian FinTech Payhawk has reportedly raised €3m in seed funding as it looks to increase its presence in Germany.

GIRO, an automated clearing house operator in Hungary, has launched an instant payments platform with help from Nets.

SpotOn Transact, a payment solution developer, has netted $50m in its Series B round.

BandPay, which aims to improve the way musicians get paid, has reportedly secured $2m in a funding round from an unnamed angel investor.

QRails, a cloud-based payments processor, has netted $8m in its Series A round led by EFM Asset Management.