International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.
PayPal is offering a boost to Singapore’s the FinTech scene and opening a new Innovation Lab in the city.
Cross boarder payments service for businesses Payoneer has raised $180m in a round led by late-stage investor Technology Crossover Ventures (TCV).
The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more.
Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay.
Mobile payments network LevelUp has picked up $50m in a new round of funding from banking giant JPMorgan Chase.
Social media payment platform PayKey has reportedly picked up $6m for its Series B funding round.
Belgium-based digital loyalty card provider Joyn has reportedly raised €2m in its latest funding round.
India-based Power2SME has closed a $36m Series E funding round to help with geographic expansion.
Payment solution platform Verrency has bagged $15m in a Series A funding round, as it looks to further international expansion.