Alfa-Bank and Novolipetsk Steel to pilot cross-border payments

Alfa-Bank and Novolipetsk Steel Company has teamed up with Commerzbank and Vesuvius to launch a cross-border payments program.

Autonomous checkouts platform Standard Cognition acquires DeepMagic

Autonomous checkout service provider Standard Cognition has acquired DeepMagic to support its own platform.

USA Technologies collects $50m in equity financing

USA Technologies, a cashless payments and software company has collected $50m in an equity financing round.

China-based XTransfer collects $15m in its Series B round

XTransfer, a cross-border financial services for China-based foreign trade enterprises, has collected $15m in its Series B round.

Revolut selects Bottomline to help retail customers access the UK’s Faster Payments Scheme

Real-time payments are quickly gaining traction in the UK. To meet the demand, challenger bank Revolut has picked Bottomline Technologies to help it out.

Everyware closes Series A to expand into new verticals

Text-based payment processing system Everyware has closed its Series A round to help expand its verticals of operation.

Wirecard and SES-imagotag are joining forces to boost in-store mobile payments

FinTech company Wirecard has teamed up with and SES-imagotag, a digital solutions for physical retail provider, to create a pay-to-tag solution.

Samsung Pay teams up with Finablr to boost international money transfer services

Finablr, the payments platform, and Samsung Electronics America have joined forces to create a new money transfer function on Samsung Pay.

PayPal launches Xoom in South Korea

From now on Xoom customers in North America and 32 European markets can directly send money to South Korean bank accounts.

Udaan raises $585m and hits valuation of up to $2.7bn

Indian business-to-business e-commerce platform Udaan has raised $585m in its latest funding round.

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